Gov. Nikki Haley wants South Carolina's colleges and universities to earn the money they are given.
Haley said Wednesday she is still working out details of a new funding system. She brought together higher education leaders, business leaders and lawmakers for the Governor's Public Higher Education Conference in Columbia.
The focus of the new system will be on factors like how many students get jobs after they graduate or what percentage of the student body is from in-state, Haley said.
"This is not rocket science. Are you placing kids in jobs? Are you coordinating with companies to get apprenticeships? How many in-state versus out-of-state? Is your tuition affordable?" Haley said. "These are basic things any parent wants to know, any student needs to know to plan."