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University of California seeks a $130-million zero-interest state loan to address budget shortfalls and student needs.
The move comes as some UC campuses have reduced student programs, such as retention efforts and campus tours.
UC President James B. Milliken previously warned that the system faces major threats as uncertainty looms over $17 billion in annual federal support.
Facing budget shortfalls due to state cuts, uncertainty over federal support and increasingly acute student needs, the University of California said Friday that it would seek a nearly $130-million zero-interest loan from the state.
UC’s top finance manager made the emergency request in a letter to the state

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