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Loss in endowment value leads to less money for student scholarships at NDSU

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FARGO - North Dakota State University will have fewer scholarship dollars to award next year because the school's endowment shrank by 30 percent.

The Development Foundation met Thursday with NDSU deans to discuss how much money will be distributed from endowment funds next fall.

Executive Director Jim Miller estimates there will be $2.5 million for scholarships from endowed accounts, down about 13 percent from the nearly $2.9 million that was available this year.

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