Student scholarships are among the programs targeted for cutbacks at the University of Georgia given the school’s financial losses in its private foundations.
The UGA Foundation and Arch Foundation have lost a combined 180-million dollars in one year’s time due to the weak economy. That represents a decline of about 25-percent of the combined worth of the foundations from June of last year.
A UGA-official says the university will have to cut dozens of scholarships, research support and other programs to make up the shortfall in funding.
The UGA Foundation and Arch Foundation have lost a combined 180-million dollars in one year’s time due to the weak economy. That represents a decline of about 25-percent of the combined worth of the foundations from June of last year.
A UGA-official says the university will have to cut dozens of scholarships, research support and other programs to make up the shortfall in funding.
