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Published October 11, 2013, 11:49 AM

NDSU president says school in good financial shape

FARGO, N.D. (AP) — The North Dakota State University president says the school is on solid financial footing after a lean three-year period when it risked losing its accreditation.

FARGO, N.D. (AP) — The North Dakota State University president says the school is on solid financial footing after a lean three-year period when it risked losing its accreditation.

Dean Bresciani said in his annual state of the university speech Thursday that the school is "out of the woods" primarily because lawmakers in the last session passed a new higher education funding formula.

Bresciani says he thought it would take at least five years and possibly up to 10 years for the school to recover from the financial crisis.

The president says the university should be able to restore years of budget cuts and is planning what could be the largest increase in new faculty hires in NDSU history.

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