Proposal would give Delaware private colleges access to capital funds

[TexasTowelie]

Delaware lawmakers have proposed a new funding mechanism that would give millions in taxpayer dollars to private colleges.

The $20 million fund would pay for higher education initiatives. The mechanism is written into this year's near-$863 million Bond Bill, which funds infrastructure projects across Delaware every year.

This higher ed funding was in place last year, but it was less money — a little under $11.4 million — and the bulk was restricted to the University of Delaware, Delaware State University and Delaware Technical Community College.

Lawmakers have decided to open up that funding to "other institutions of higher education," opening the door for Delaware's private colleges.

Read more: https://www.delawareonline.com/story/news/politics/2019/06/28/proposal-would-give-delaware-private-colleges-access-capital-funds/1569927001/

[rampartc]

1. i'm not sure i approve

the details here may not be as bad as i'm imagining.

[TexasTowelie]

2. Considering the declining enrollments that are occurring across the country

which appear to be concentrated on the East Coast it might be a wise decision in order to keep those universities open. $20 million really doesn't go that far these days and the cost of paying unemployment and the effect it would have on the local communities if the universities close would likely exceed $20 million within a few years.

[rampartc]

3. still, my preference is for public money to be used at state universities

with any luck one of our plans for reducing students' expenses will be enacted in a few years …….