Reflecting the national trend to outcomes-based education funding, Georgia’s public colleges will now earn dollars based on how many students earn diplomas rather than how many enroll.
Tennessee has led the nation in this effort, eliminating enrollment as a funding criteria for its public colleges. (For a story on the Tennessee funding formula and how it works, go here.)
To look at Tennessee’s actual program, go to this state presentation. This Tennessee Higher Education Commission presentation includes actual data for colleges and details the weighting formula.
“The outcomes-based funding formula bases the entire institutional allocation of state appropriations on the basis of outcomes including degree production, research funding and graduation rates at universities, and student remediation, job placements, student transfer and associates degrees at community colleges,” according to the commission.