Indiana colleges upset with funding changes

East Allen Times:

INDIANAPOLIS — Several of Indiana's public colleges and universities are criticizing the state's new incentive-based funding formula for higher education, saying it could derail their efforts to get back some of the $150 million the state pulled back last year in a budget-cutting move.

The Indiana Commission for Higher Education has created a $123 million incentive fund that's aimed at rewarding some of the state's seven public colleges and universities based on how well each meets certain college-completion goals.....