The Iowa Board of Regents will change university funding next session.
Members approved the new funding formula Wednesday.
Under the proposal, Iowa’s three universities would get 60-percent of state funding based on the amount of in-state students enrolled.
The plan could cost the University of Iowa $60-million because the school has the highest number of out-of-state students.
A further 15-percent of funds measures progress and attainment. A 10-percent weighting takes into account student diversity measured by low-income students, minorities, Iowa community college transfers and veterans.
The new funding model will be implemented over the next three years.
For a full breakdown, click here.