The board that oversees Oklahoma's 25 colleges and universities is asking the Legislature for more than $1 billion for the upcoming fiscal year— an increase of nearly $100 million from the current year's budget.
The Oklahoma State Regents for Higher Education approved the $1.08 billion budget Thursday during its regular meeting in Oklahoma City. The bulk of the new funding, about $88 million, would go toward the state's Complete College America program, which seeks to boost the number of students in the state who receive a college degree or job certification.
The money would be used to help state colleges and universities develop campus-based degree completion programs and to pay for extra courses, faculty and financial aid, among other things.
The regents also want $8.7 million for debt service payments.
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