From the Hattiesburg American:
The current proposal calls for dividing $333.2 million by first putting aside 7 percent, or $24.2 million, to fund operating expenses.
The next 84 percent of the money, or $278 million, would be allocated based on how many course hours students complete. Each school would get a share of the overall course hours taught in the system, with hours weighted to reflect the higher expenses of teaching graduate courses or courses that require highly paid faculty and technical equipment. For example, a university would get 8.8 times more money to teach a credit hour of a doctoral-level math, science or engineering course than it gets for teaching an introductory English course.
Southern Miss currently has the highest ratio of weighted student credit hours to student credit hours at 2.35, ahead of Mississippi State with 2.34 and Ole Miss with 2.14 on a scale ranging down to 1.95 at Mississippi Valley State University.