Lower than expected tax revenues led state legislators to reduce funding for higher education in the 2017 legislative session. The Iowa Tuition Grant (ITG) program will have 4.7% less funding in the 2017-18 academic year for grants to students based on the education appropriations bill passed by both chambers.
The Iowa House and Senate, on May 17 and 18 respectively, adopted HF 642, which provides funding for the ITG, Board of Regents universities and community colleges. The cuts to the ITG will mean a total of $46.6 million for grants to qualifying students at Iowa private, non-profit colleges and universities. That’s $2.3 million less than the current year. Similar cuts were made to Regent university funding.
The bill next goes to Governor Branstad for his consideration.