Statement from Board of Regents President Bruce Rastetter on Scholarships and Funding at the University of Iowa

I am pleased with the announcement from President Harreld today. The Board of Regents realizes continuing these scholarships while absorbing a $9.2 million cut in state funding places the University of Iowa in a very difficult financial situation. The Board looks forward to working with the UI to resolve this short-term issue.

We also realize that a longer-term funding solution is needed that allows the UI to reach the strategic plan we recently approved. Moving forward, if the state chooses not to adequately fund the UI's five-year strategic plan, the Board is committed to work with the UI to bring its tuition in line with its national peer group.

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Josh Lehman

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