The FY 2015 IHL funding request reflects a 4.41% increase over FY 2014, for a total request of $752.6 million. The request includes $385.4 million for on- and off- campus education, including $20.4 million in Ayers Settlement funding; $37.7 million in student financial aid; $195.8 million for the University of Mississippi Medical Center; and $133.7 million for the agricultural units and other institutes and centers.
The University System is actively engaged in the effort to increase the educational attainment level in Mississippi. Increasing the attainment level is important because workers with a bachelor's degree earn salaries that are more than 73% higher than workers with only a high school diploma. In addition to higher personal incomes, the benefits of higher education include more tax revenues, greater business investment, lower incarceration rates and more civic-minded citizens.
Mississippi Public Universities provide high-quality education, research and innovation that supports economic growth and opportunities that benefit all Mississippians in a very competitive environment. Keeping our state's brightest students in Mississippi requires the best faculty and support staff, sophisticated technology, and safe, well-kept facilities.
IHL Funding Request for FY 2015