According to a
January article in the Daily Mississippian, there isn't one yet-- there is talk of a new mechanism though.
Some interesting passages from the article:
<blockquote style="color: rgb(255, 0, 0);">
The IHL receives the money from the legislature and then decides what money goes where, he said.</p>
In 2001, the IHL began using a new formula for doling out state appropriations. He said the new formula rewarded institutions whose enrollments increased.</p>
However, the only money that was applied to this new formula was the extra appropriations that came from the state after 2001, he said, and it has only been in the last two years that the state gave out extra appropriations.</p>
So although Ole Miss' enrollment rose by 18 percent, Ole Miss in 2007 only received $4,816 per full-time student. By comparison, Mississippi State University received $6,450 per student and the University of Southern Mississippi received $6,238 per student.</p>
The difference in funding has been brought to the attention of the IHL, according to Annie Mitchell, the director of media relations at IHL.</p>
"The board is aware of the funding discrepancy; they actually discussed it at the September board meeting on the Ole Miss campus," she said.</p>
It is something that the board will address in the future, she said. However, no decisions for the formula have yet been made.</p>
Until the formula can be updated, the cost of the university falls to the students and their families.</p>
In 1999, funding from the state accounted for slightly more than 50 percent of the university's revenue, and tuition constituted a little less than 40 percent.</p>
Now, tuition makes up 52.8 percent of Ole Miss revenues while state funding has shrunken to just a third.</p>[/quote] <p style="color: rgb(255, 0, 0);"></p>
