A report released by Georgia’s Higher Education Funding Commission urges restructuring the state’s budget formula to create more college funding opportunities to build the workforce, Governor Nathan Deal’s office announced.
The advisory panel, formed by the governor back in 2011, recommended ways the state could incentivize higher education for Georgia’s traditional and non-traditional student population.
“The current higher education funding formulas emphasize enrollment with little to no focus on ensuring that students are successful after they get there,” Gov. Deal said in statement. “The recommendations of the Higher Education Funding Commission are a good starting point toward emphasizing outcomes and are a strong addition to our state’s work on increasing college access, retention and completion.”
The report comes on the heels of a study done last year by Georgetown University that found Georgia would need to increase its post-secondary degree population from 42 percent to 60 percent over the next eight years to meet projected workforce needs. Gov. Deal looks to increase the number of people with a bachelor’s degree or higher by 250,000 to fulfill future needs.