CSG Webinar: Higher Education Finance Reform: Lessons Learned from Tennessee. October 23, 2012
Many states have introduced performance measures into their higher education funding formulas to create institutional incentives to improve productivity. To date, however, only Tennessee has completely rewritten its college funding system to place outcomes at the center of the formula. In doing so, the state has crafted a program that allows state funding and state policy to be closely aligned across the diversity of publically funded post-secondary institutions in the state.
On Tuesday, Oct. 23, CSG’s Southern Legislative Conference presented the webinar, “Higher Education Finance Reform: Lessons Learned from Tennessee.” Webinar participants heard details of the state’s funding formula from Tennessee Higher Education Commission representatives Dr. Russ Deaton, associate executive director for Fiscal Policy and Administration, and David Wright, chief policy officer.
The funding model created as a result of the Complete College Act in Tennessee allocates all of an institutions funding based upon outcomes, including degrees or certificates awarded, students making progress toward graduation, and the performance of non-traditional and underrepresented students. The model it established recognizes the different purposes of the institutions in the state to create a system that delivers results for the state’s investment in higher education.
Higher Education Finance Reform