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Their Budgets Slashed, Public Colleges Share in Their Applicants’ Economic Pain

At a time when the nationĂ¢??s economy is ailing and credit is drying up, Troy Carter thought he had found an affordable way to earn a four-year college degree: Stitch together an education at a community college and a state university.

But like millions of other students who are flocking to community colleges and public universities, he finds them struggling with financial problems of their own.