Tuesday, March 15, 2011

Context is Everything

Our state is moving to a new formula for funding public higher education. Instead of just basing funding on the enrollment totals as of the nth day of the semester, the new formula will "incentive" retention and graduation rates.

Currently roughly a fifth of our freshmen don't come back for a second year, and our six-year graduation rate is in the low 60s. We plan to clean up with this new formula, as compared to the other campuses in the system, we are doing awesome.