Summary
Gov. Jay Nixon's plan to borrow from the University of Missouri and other schools includes another idea to save money for the state treasury: make schools pay half the costs of state scholarship programs.
Three big scholarship programs -- Access Missouri, Bright Flight and A+ Schools -- will provide almost $109 million in financial aid to Missouri college students this year. Nixon wants to cut state awards in half, allowing him to divert revenue dedicated to those programs, lawmakers briefed on the plan said. Public and private colleges and universities would then have to cover the rest of the scholarship funding.See the full content of this document
Extract
Nixon Plan Would Alter Scholarship Funding
The actions Nixon is proposing for basic higher education funding -- borrowing about $106 million from five universities, including $63 million from the UM System -- also would ha...
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