CORVALLIS, Ore. (KMTR) -- Oregon State University leaders are waiting to find out whether Congress will reach a new budget deal by January 1, 2013. If not, the school could lose over $15 million in research funding, plus more cuts to work-study and extension service programs.
School representatives say they're working on short-term solutions and expect to receive less federal funding next year no matter what Congress decides. OSU has made an effort to seek more funding from industry sources and says private funding for research has increased by 42% over the last two years.
Cuts could impact jobs and salaries, creating a ripple effect on the local economy. OSU Vice President for Research Rick Spinrad says graduate students have the most to lose, since their careers and degrees largely depend on research.