Nevada Higher Education Looks To Revamp Revenue System
(Las Vegas, NV) – Nevada Higher Education System Chancellor Dan Klaich will look to sell Nevada lawmakers on a new system for distributing revenue. On an appearance on Nevada Newsmakers, Klaich told Sam Shad that because of the declining revenue over the past four years, the overhaul is needed.
Currently all tuition and fees as well as other funding is pooled and then distributed among all institutions. The most noticeable change that Chancellor Klaich has formulated has to do with tuition and fees.
Klaich wants each institution to keep it’s own tuition and fees rather than the pooling system. That change would certainly help College of Southern Nevada and UNLV, due to enrollment numbers that dwarf the rest of the state’s institutions.
However, there is a catch according to Klaich.
“It’s going to be built on graduations rather than enrollment,” Klaich said. “We are going to have performance funding and ask the Legislature to allow campuses to keep their out-of-state tuition and fees.”
Klaich added the funding will need to come from those attending each institution.
“I think the state will continue to ask students and their families to bear a higher share of the cost of higher education overhaul,” said Klaich.
The Legislature will need to approve the plan during the 2013 session.
Nevada Newsmakers can be heard Saturdays at Noon on 100.5 FM KXNT.