Mississippi Universities seek $20 million to fund aid formula


Leaders say fully funding requested increases in state aid will allow the College Board to complete its transition to a new formula for dispensing money to Mississippi’s eight public universities.

Higher Education Commissioner Hank Bounds made the pitch Wednesday to members of the House Appropriations Committee.

However, after getting a $20 million boost in the current budget, it’s not clear lawmakers will grant another $20 million increase in the 2015 budget they’re writing. The Joint Legislative Budget Committee recommended an additional $15 million, and House Appropriations Chairman Herb Frierson, R-Poplarville, says reaching that level over two or three years might be more realistic.

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