By PHIL KABLER
CHARLESTON, W.Va. — Higher Education Policy Commission chancellor Paul Hill updated members of the House Finance Committee Monday on a study to move funding of state colleges and universities to an outcomes-based model.
Under the proposal, 70 percent of funding would be based on credit hours taken, with higher-level courses, and STEM courses (Science, Technology, Engineering, Mathematics) weighted more heavily. Total degrees awarded would account for 25 percent of funding, with student success — measured by several factors, including graduation and retention rates — accounting for 5 percent of the funding formula.
“We’ve all heard stories about students who go to college, but simply don’t complete their degrees,” he said.
Currently, 23 states have similar outcome-based measures to determine state funding for higher education, Hill said.
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