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State colleges tighten belts in response to endowment losses

Colleges and universities in Wisconsin, like their counterparts nationwide, are dealing with the effects of the economic downturn. All have had precipitous drops in their endowments since last summer, ranging from 18% at places such as Viterbo University to 35% at Beloit College.

Meanwhile, some have seen enrollments or annual fund raising decline. Others are bracing for potentially huge state budget cuts.