08/20/2026
Mississippi’s funding formula for colleges and universities will remain in place for now after the Board of Trustees of the Institutions of Higher Learning met Thursday, Aug. 20, without taking up a proposed performance-based funding model.
IHL, the board that governs Mississippi’s eight public universities voted June 18 to move toward a funding formula that would tie state dollars to graduation rates, student retention and how much graduates earn.
Some lawmakers have warned that measuring universities this way could penalize Jackson State University, Alcorn State University and Mississippi Valley State University because the metrics take no account of the decades those schools went underfunded by the state.
Mississippi’s funding formula for colleges and universities will remain in place for now after the Board of Trustees of the Institutions of Higher Learning met Thursday, Aug.