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| Governor Jindal Announces Funding Hike | |
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| Tweet Topic Started: Jan 21 2014, 06:45 PM (212 Views) | |
| Unofan | Jan 21 2014, 06:45 PM Post #1 |
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Well, what do you know? From UNO site: Today, Governor Bobby Jindal joined higher education leaders, including University of New Orleans President Peter J. Fos, to announce a funding increase of $141.5 million for higher education institutions for the next fiscal year. The funding hike represents a 6.66 percent increase over the budget for the current fiscal year. This funding includes a new higher education workforce incentive initiative of $40 million that will better prepare Louisiana students to compete in the new global economy. |
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| EE_Privateer | Jan 21 2014, 07:11 PM Post #2 |
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I wonder what UNO's share will be. Probably small. But anything is better than the cuts UNO has endured the last 8 years. |
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| NSPRIVATEER | Jan 21 2014, 07:24 PM Post #3 |
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Unfortunately we are coing to be peanalized by the smaller enrollment because as I understand it a portion of the funding is done on a per student basis. Our local state reps need to address this matter and change that formula. It is imperative to have a thriving publice university in the states most important city! It can't help us next year but it can help long term. |
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| Privateer6 | Jan 22 2014, 10:04 AM Post #4 |
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"...his spending plan would boost higher education funding by $142 million, although $88 million of that will come from increased tuition costs on students that already have been approved by lawmakers." Nice. Over half of the increase in funding has already been approved and comes directly from students. http://www.thetowntalk.com/viewart/2014012...ucation-funding |
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| Privateer6 | Jan 22 2014, 10:09 AM Post #5 |
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More from that article: "But unlike in past years, Jindal won’t recommend that the new tuition dollars replace state funding. Instead, the governor said he is proposing that the campuses get a stable base of state funding, with the new tuition income on top of that." "Higher education leaders have pushed for the governor and lawmakers to stop slashing state financing for colleges and universities, after more than $700 million in cuts since 2008. Tuition increases on students have offset only about two-thirds of the state funding losses." So, $700 million out; $54 in? Of that approx. $54M, it seems $40M will be split up as follows: "The $40 million workforce incentive fund would be divvied up to research institutions that do “nationally recognized commercial research” and to campuses that produce graduates in high-demand fields. To get the dollars, schools would have to work with private businesses and get a 20 percent funding match from industry, either through cash or equipment." |
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8:23 AM Jul 11