College Board adopts new funding formula

The College Board adopted a new method of divvying up state funds to the eight public universities Thursday with the understanding that the formula may need to be “tweaked” in the coming years.

While several board members said “tweaking” might be needed in the coming years, they said the new funding formula is a major step in ensuring state funds are divvied in a manner that is fair while rewarding positive outcomes and placing an emphasis on the College Board’s priorities.

Board member Aubrey Patterson of Tupelo said the model would be used to help achieve the system’s goals.

“That is a tremendous step,” he said.

Northeast Mississippi Daily Journal