Lawmakers advancing $56.8 million in funding for state colleges

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Lawmakers advancing $56.8 million in funding for state colleges

Thu, 09/10/2020 - 10:04am -- tim

Allocation includes $23.8 million in key bridge funding to stabilize the system for students, employees, and communities of VSCS. Photo of Northern Vermont University-Lyndon campus.

Vermont Business Magazine Today, the Vermont House is advancing a state budget that includes a historic $56.8 million of funding for the Vermont State College System. This represents a maintenance of the $30 million of annual base funding, a special $23.8 million emergency bridge to stabilize the colleges’ finances, and $3 million for COVID-crisis workforce training.

“This is good news,” said Sophie Zdatny, Chancellor of the Vermont State College System. “It is a sign state leaders are taking action to stabilize the Vermont State College System.”

The Vermont State College System is dedicated to providing a high-quality education that is accessible, affordable, and that prepares Vermont students for the workforce and careers of the 21st century. Each year, more than 9,142 Vermonters and 1,918 out-of-state students work to better their lives and economic standing pursuing VSCS degrees.

“We know we are in a historic moment for the state college system,” said Zdatny. She continued. “This bridge funding provides us with an opportunity to make the system better, stronger and more unified, while maintaining high quality and expanding access. The growing support of the Governor and the Legislature is moving us another step in that direction.”

Source: VSCS Montpelier, VT – 9.10.2020