Credit: Patrick Mansell / Penn State. Creative Commons
According to a new release, the new budget allocation model is used to determine the amount of funding — primarily from tuition and state funding — that Penn State provides to colleges, campuses, student support, and administrative units.
The University’s new budget includes funding for strategic needs and investments, like research. “To continue Penn State’s commitment to research and maintain its reputation as a premier global research institution, additional consideration was given for research support during the development of the budget allocation model,” the release reported, showing an allocation of $28.5 million in research support to protect and enhance research across the University.