(Las Vegas, NV) — The head of Nevada’s higher education system says his top priority will be to change the way universities and colleges are funded.

Chancellor Dan Klaich tells the “Review-Journal” he’ll push to revise the formula used to split state funding among Nevada’s higher education campuses.

Money would be allocated based on graduation rates and other performance criteria, while colleges and universities would get to keep all of the tuition and fees they collect.

A final decision is up to the Legislature, which begins its 2013 session in February.


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