The University of North Florida scored the lowest on a performance system set up by the Florida Board of Governors, which will cost the university potentially millions in state dollars.

The scoring system measures the state's 11 public universities (not including Florida Tech) on ten different factors, including six year graduation rates, academic progress rate, and bachelor's degrees awarded to minorities.

The University of Florida topped the list, meaning they will receive $55 million in performance funds from the state. The University of South Florida finished second, meaning a $42 million payout.

The other schools that received performance money are Florida State, University of West Florida, Florida Atlantic, Florida International, Central Florida, and Sarasota-based New College of Florida.

Florida Gulf Coast and Florida A&M join UNF on the list of schools that did not qualify for the state money.

FGCU, an Atlantic Sun Conference sports-rival of UNF, told the Naples Daily News that schools like theirs are at a disadvantage.

"It's not a level playing field," Steve Magiera, vice president for administrative services and finance at FGCU, said at the spring trustee meeting.

FGCU argued it is disadvantaged by the new metric for several reasons, including not being funded at the same level as some other state universities, and it does not have a large enough endowment to help defray costs for as many students as it would like to help.

Information from the Naples Daily News was used in this report.