New College of Florida

stated that New College was to receive the same funding, per-student, as other programs at USF. The former New College board of trustees became the New College Foundation, and was required to raise money privately to supplement the state funds to reach the total necessary to run New College, at the time about a third of New College's $2-million-a-year operating budget. Under that agreement, New College was renamed the "New College of the University of South Florida". USF started a Sarasota branch program that shared the bayfront campus, and the schools began an uneasy relationship that would last for the next twenty-five years, with New College and the University of South Florida through its Sarasota branch program sharing the campus.
In 2001 it became an autonomous college, the eleventh independent school of the State University System of Florida as the honors college for the state system. As part of a major reorganization of Florida's public education system in 2001, New College severed its ties with USF, became …