Stakeholders criticized the state’s “legacy model” funding formula for not differentiating between two-year and four-year schools or research and non-research institutions. Nor does the state’s current model allow for individualized goals at different schools. Chris Lowery — the Indiana Commissioner for Higher Education — emphasized the need for Indiana to address its low college-going rate for high school students. Previously Gov. Eric Holcomb aimed to have 60% of Hoosiers with postsecondary education but today just over 48% of residents meet that goal.
