Ball State University officials say the formula favors large campuses, but Indiana University officials support the funding model.
Indiana University hoped to see a major increase in summer enrollment because of a 25-percent tuition break it announced last fall.
McRobbie calls Daniels a strong leader with a demonstrated track record of success.
The delegation is visiting four countries in Asia during its trip.
Speaking on WFIU's Noon Edition, IU President Michael McRobbie said the university's costs are often higher than the traditional inflation rate.
Hedge fund manager and alumnus James Hodge also donated $15-million to the $60-million renovation and will have the building named in his honor.
IU President Michael McRobbie will return a painting Monday to a Berlin art museum after discovering it had been looted after WWII.
Hoosier students who attend Indiana University will receive a 25 percent discount on tuition for summer semesters beginning in 2012 under a new plan.
IU President Michael McRobbie says state funding for the university has been cut by nearly $100 million.
IU President Michael McRobbie will deliver his "State of the University" address on the IU Bloomington campus today