Kimberly Miller
The University of Florida's endowment was down $103.6 million during the first three months of the 2009 fiscal year, and without a significant market rebound, school officials predict cuts to scholarships, research and academic programs paid for by the account.
The 8.3 percent drop in UF's $1.25 billion endowment, the largest endowment among Florida's public universities, is mirrored nationwide and couldn't come at a worse time for schools, many of which are dealing with considerable state budget cuts.
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