A new college funding formula proposed by the Nevada Board of Regents would favor high-brow academia at the expense of rural residents trying to enrich their lives and improve their communities, District 9 Regent Ron Knecht argued on Tuesday.“Western Nevada College and Great Basin College would be devastated, while the universities and the College of Southern Nevada would make out like bandits,” he said. “There are some good features in the formula, a lot of different features, but one in particular is terribly objectionable. It’s poor public policy, it’s poor educational policy, and its effect would be devastation for GBC …