Federal funding drops at Iowa State University

AMES, Iowa (AP) — Mandated federal spending cuts have cost Iowa State University millions of dollars.

The Des Moines Register says (http://dmreg.co/11ZmLs0 ) total external funding for Iowa State dropped 9 percent over the year, to $326.4 million.

Federal funding was down 17 percent, but that decline was partially offset by funding increases from private sources.

The University of Iowa last week said it had received $424 million in external funding over the past year, a 3.2 percent decline.

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Information from: The Des Moines Register, http://www.desmoinesregister.com

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