Board of Regents adopts new funding model for Iowa's state unive - KWWL - Eastern Iowa Breaking News, Weather, Closings

Board of Regents adopts new funding model for Iowa's state universities

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AMES (KWWL) - When scanning the campuses of Iowa's three state universities, how many students are from Iowa? The statistic is much more important Thursday morning to both school officials, and the Iowa Board of Regents.

The board voted Wednesday to adopt a new funding model for the University of Iowa, Iowa State University and the University of Northern Iowa. The model is based upon the number of in-state students at each university: the higher the in-state enrollment, the more state funding a school will receive. Based on this model, funding will increase at Iowa State and UNI.

However, the vote poses concern at the University of Iowa, which enrolls the most out-of-state students of the three universities. According to reports following Wednesday's board meeting, U of I could lose nearly $13 million each year in state funding under the new model.

U of I President Sally Mason responded positively, though, to the board's approval.

Mason said in a statement Wednesday, "We will increase our efforts to recruit more Iowa students for our undergraduate programs, while also continuing to attract students from outside the state. As we move towards fully recovering from the flood of 2008, the university is well-positioned for growth."

Opponents of the vote say the funding model punishes the universities in a sense, and could deter them from recruiting from across the country, and the world.

The Board of Regents also noted it will take into account graduate and professional programs, as they are more costly for universities to sustain.
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