Statewide Iowa — (RI) — The Iowa Board of Regents is seeking 18 million more dollars from the state for next year and the amount of tuition students pay at the three state universities will be tied to what they receive.
Board president Mike Richards says they plan to stick with the tuition model the used last year.
Total state funding would be a little more than 642 million if they get the additional dollars. The Regents asked for the same 18 million dollar increase last year and got only 12 million dollars more.
If the 18 million dollars is approved this year, the University of Iowa and Iowa State University would each receive an additional seven million dollars and UNI four million. Richard says they hope to also find other money.
The same tuition formula was used last year and tuition rates were frozen at UNI last year after the school received the full four million more dollars it requested. The rates at ISU and Iowa went up three-point-nine percent. University of Iowa President Bruce Harreld told the Regents one of the things the school is looking at to raise more money is a public-private partnership for its utility system.
Harreld says there are benefits for a partner, such as tax breaks that the school cannot take as a non-profit entity. Harreld says the partner would pay the school.
The Regents met late last week in Council Bluffs.
Graphic from KIWA image archives
