University of Iowa: Sunsetting of the Open Access Fund

"For several years, UI Libraries has maintained an Open Access (OA) Fund to help researchers pay for the article processing charges (APCs) on open access publications. This fund supports authors choosing to make their publications open for anyone to read, broadening their audience and providing wide access to important research. We have decided to sunset the OA Fund for APCs within two years due to budget constraints. We found that the fund did nothing to offset our rapidly increasing journal subscription costs. In fact, the fund largely supports the same publishers to which we pay our pricey subscriptions. Given this reality, the final year that funding will be available is 2020, and the amount of funding for 2019 has been reduced from $3,000 per article to $2,000 per article. Additionally, each author will only be eligible to receive funding from the OA fund one time per fiscal year in 2019...."