http://www.prairiebizmag.com/event/a...r%20Education/
"The new formula would take a base dollar amount that would vary depending on the kind of institution -- two-year schools, such as Bismarck State College, would receive $117 per credit; Dickinson State University and other four-year regional campuses, $110 per credit; and North Dakota State University and the University of North Dakota would both receive $72 per credit -- and multiply that by the number of credit hours earned by students at the school.
That figure would then be multiplied by three main elements, which can increase the funding per credit completed.
The first element is the weighted student credit hour, which provides more formula dollars for a higher level of instruction or costlier programs such as nursing. A lower level course will receive a smaller weight and fewer dollars compared to an upper level course."