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I actually don't agree with the severity if the cut, but the University System in Alaska is known for overspending and the massive amount of administrative jobs that don't go into the education of young minds.

I wouldn't blindly apply it to this situation, but I can at least see the logic of just stopping doing something that isn't working.

For the specific situation, maybe a program that paid off student loans for anyone with some period of service (lots of teachers outside of AK) would be a better way to spend the money than unconditionally throwing it at a failing program?

If you can't graduate teachers spending many times more than lower 48 colleges, more money isn't going to fix the problem.

Competitive pressures are required.