Massachusetts Board of Higher Ed Offers Funds for Higher Graduation Rates

The Board of Higher Education in Massachusetts approved a new performance-based funding formula for the state's nine state universities, reports Massachusetts Live.

The formula will tie a portion of state funding to the overall number and type of graduates they produce. The state will allocate $5.6 million to be distributed to campuses after the new state budget is approved. An institution's share of the funding will be determined in part by its five-year graduation rates, annual enrollment, full-time enrollment, year-over-year increases in degrees awarded, and the numbers of students who reach 30 and 60 credit hours.

 

Read more at Massachusetts Love

http://www.masslive.com/news/index.ssf/2015/06/state_board_of_higher_educatio_1.html