New Funding Plan Passed by College Board

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The state College Board Thursday approved a new plan to change the way funding is divided among the state's eight public universities.

But the plan won't take effect unless the state Legislature approves more funding for the university system.

Board member Carl Nicholson, Jr., of Hattiesburg says the plan would set the universities' current funding as a base, and give additional money based on enrollment.

The budget for the new plan won't be brought before the state Legislature until next year.

Nicholson says the plan would make it easier to adjust funding up or down based on enrollment. He says it would be fairer for schools such as the University of Southern Mississippi, University of Mississippi, and Mississippi Valley State University -- which are all experiencing rapid enrollment growth.C