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College Board Eyes Changes to Shares of State Cash

JACKSON, Miss. (AP) — A College Board committee will consider Wednesday a new funding formula meant to equalize state money among the state's eight universities.

A board vote on the new formula is likely Thursday.

In recent years, the eight universities have gotten static shares of overall state funding, even as enrollments have shrunk at some and grown at others.

Combined with the fact that some classes cost more to teach, Higher Education Chancellor Hank Bounds says state funding has become unequal, with the University of Southern Mississippi and Delta State University getting comparatively more money, while the University of Mississippi and Mississippi University for Women get comparatively less.

Bounds says the board will consider boosting funding for universities on the low end of the current scale, but wouldn't cut money to any school.

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