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Regents OK Shift In Money Transfer

June 24, 2010, 2:35 PM

BROOKINGS, SD - The Board of Regents on Thursday decided to change how tuition and student fee revenue is allocated to South Dakota's public universities.

The money is now lumped together and then redistributed to the six schools under a formula that takes various things into account on each campus. Under the new plan that starts July 1, each university will get back the same amount it takes in.

The regents staff says the change will eliminate a lot of book work and encourage the schools to boost enrollment, recruit out-of-state students and collect on bills due.

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