A group of university presidents is meeting today (Monday) to finalize a performance funding model for Kentucky’s higher education institutions. Bob King is president of the Council for Postsecondary Education. He says a primary emphasis will be the number of degrees that schools produce.
“There’s a premium if the degree is earned by a minority student or a low-income student, and that’s a way of addressing the achievement gap issue.”
King says the funding model also incentivizes universities to turn out more graduates in the fields of science, technology, engineering, math, and healthcare. Governor Matt Bevin has called for one-third of state funding for higher education starting in fiscal year 2018 to be based on performance metrics. Funding model recommendations will be submitted to the governor and state lawmakers by December 1st.