ALBANY, GA (WALB) - Albany State University officials say state-mandated budget cuts will hurt the school. Georgia's Board of Regents just signed off on budget cuts for each of the 35 college and universities in the state's university system.
Schools were ordered to cut 6 percent from their 2009 budgets. Albany State University slashed 1.3-million dollars by eliminating 16 vacant positions, and by cutting travel expenses. Administrators say the cuts will hinder the school's growth.
"Right now we have an advantage over the bigger schools with class sizes that fit the students. If we keep growing in enrollment and don't grow in staff, than eventually our classes will get big. And it will be a deterrent for students," said Vice President of Fiscal Affairs, Larry Wakefield. There were no lay-offs at the university because they had so many vacant positions.
It's also getting more difficult for many students at Albany State and other colleges to borrow money to pay for school. 85-percent of the students at ASU are on financial aid.
Most of them have to go to private lenders for what government loans or grants don't cover.Many of those lenders are approving fewer loans and implementing higher interest rates.Feedback