South Carolina Moves Toward New Funding Formula

Governor Nikki Haley, a Republican, and South Carolina's public college presidents have agreed on the factors that should go into a new funding formula for higher education, The Greenville News reported. Among the factors: graduation rates, the percentage of in-state students, roles in economic development, job placement and the enrollment of "underrepresented" students. The governor and the presidents still haven't defined "underrepresented" or the relative weight the factors would receive in the formula.