03/18/2010 05:12 am ET | Updated May 25, 2011

Bill Ritter, Colorado Higher Education Administrators At Odds Over Tuition Flexibility

DENVER--Racing to come up with proposals to save higher education from a financial cliff, college presidents held a brainstorming summit Thursday at the state Capitol to come up with new ideas that all of them could support.

Senate Majority Leader John Morse, a Democrat from Colorado Springs, said the economic crisis has given lawmakers and college leaders "a unique opportunity" to make sweeping changes.

Morse said the proposals will be submitted to the Legislature's Longterm Fiscal Stability Commission, with a Nov. 2 deadline for any legislation it recommends.

Read more on Associated Press