Gov. Matt Blunt’s Lewis and Clark Discovery Initiative has received $230 million on behalf of college and university students whose schools will see the benefit of the largest statewide investment in classrooms and buildings in recent history. The $230 million is the first installment of the $335 million that Gov. Blunts initiative secured for Missouri students and classrooms.
“This is truly an exciting day for students, colleges and universities,” Blunt said. “The Lewis and Clark Discovery Initiative provides $335 million in additional funding for Missouri students and classrooms, and the investments we are making today will secure Missouri’s role as a higher education leader as well as benefit Missouri students for generations to come.”
The governor’s landmark Lewis and Clark Discovery Initiative is a partnership between the Missouri Higher Education Loan Authority and the state. The partnership, authorized through legislation and supported by lawmakers, reinvests a state asset to generate $335 million to strengthen Missouri’s colleges and universities for students.
The first portion of the funding, $230 million, was transferred to the state today. The historic initiative takes an enormous stride forward for higher education in our state and provides much needed funding for state-of-the-art learning and research centers. The new learning centers will prepare students to compete in today’s global economy where higher quality learning in areas such as math and science are crucial elements for students’ future success.
The Department of Higher Education and the Office of Administration will now work with universities and colleges to process the funding. Funding will be distributed to universities and colleges based on qualified expenses beginning in October.