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Alaska’s public universities may declare ‘academic bankruptcy’

JULY 15, 2019 | by Daniel Vock | GOVERNING

“Alaska’s public university system will consider declaring a financial emergency in response to a 41 percent cut in their state funding. … University of Alaska's president, Jim Johnsen, will ask the board of regents on Monday to declare a financial exigency, a rarely declared condition sometimes described as an academic bankruptcy, which makes it easier to lay off tenured faculty.”

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