The governor's plan calls for a $34 million increase in higher education funding based on performance goals.
Performance criteria include, student retention and progress; graduation rate and degree completion; quality of student learning; financial responsibility and efficiency; and institution-specific goal.
The increases were included in the governor's recommended balanced budget for fiscal year 2014.
Northwest achieved all five performance benchmarks.
Nixon proposed the university receive more than $1.2 million in additional funding.
Missouri Western officials reported meeting four of the goals. Under the proposed formula, the university would receive around $466,000, which is a two percent increase.