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Last month, the Board of Regents of the State of Iowa, which oversees the University of Iowa, Iowa State University, and the University of Northern Iowa, eliminated their policy of earmarking 20 percent of in-state tuition revenue for financial aid purposes. In doing so, the board launched a plan to reduce the sticker price of attending the three universities by $1,000 a year.
Use of public tuition for financial aid likely to become a political issue in many states | Inside Higher EdWhile most people in higher education are aware that institutions use some of their tuition revenue for financial aid, many boards are finding that, despite regular pronouncements that colleges were engaging in such practices, the public was unaware.
… Part of the backlash against such policies is attributable to the widespread concern about the increase in tuition prices and student debt.