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Illinois announces ambitious plan for equity-based funding model

The complex formula, mirroring K-12 overhauls, prioritizes adequate and equitable funding for historically underfunded regional and minority-serving institutions. The State of Illinois is exploring a novel funding model for its 12 four-year public colleges and universities that, if executed as proposed, would distribute state funds more equitably in ways that would particularly benefit regional and minority-serving institutions. ....

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