Illinois announces ambitious plan for equity-based funding model
The complex formula, mirroring K-12 overhauls, prioritizes adequate and equitable funding for historically underfunded regional and minority-serving institutions. The State of Illinois is exploring a novel funding model for its 12 four-year public colleges and universities that, if executed as proposed, would distribute state funds more equitably in ways that would particularly benefit regional and minority-serving institutions.
Source: insidehighered.com