Texas Governor Proposes Radical Shift in College Financing

The new governor of Texas, Rick Perry, proposed last week to overhaul his state's system of financing higher education by replacing most direct state appropriations for public colleges with grants to students, who could use the money at the Texas public college of their choice.

The system outlined by Mr. Perry, a Republican who took over from George W. Bush, would take most of the money now appropriated to colleges and give it to students in the form of

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