The State Coordination Board on Higher Education has voted to ask the state to base how much money colleges and universities get on how well they perform.
Performance based funding will be requested to the state legislature next year. Department of Higher Education deputy commissioner Paul Wagner says after the Governor created a task force to investigate how this should work, the members started looking at other states. One of the things he learned is that sometimes schools have good years and bad years, so an average would be more fair.
Measures like graduation rates, retention and job placement will determine how much additional funding a school would get.Wagner says there would be five points, and the funding would be split evenly among those points. For example, if a school were to 3 out of 5 of those marks, then it would get 60 percent of the funding raise.
None of this is enacted until it’s accepted by the legislature as part of the budget for next year.
AUDIO Allison Blood reports Mp3 [1:01]