Outcomes-based funding model

The Arkansas Higher Education Coordinating Board approved Friday a new way to fund the state’s public colleges and universities. The method, called an outcomes-based funding model, focuses less on students’ enrollment and more on their success. It is shown below. EFFECTIVENESS METRICS

These measures ensure the higher education institutions are doing the right things to help students succeed.

Credentials: noncredit industry-recognized certifications and training, certificates of proficiency, technical certificates, associate degrees, bachelor’s degrees, master’s degrees and doctoral degrees.

Progression: moving toward graduation.

Transfer Success: success of transfer students, including credits completed when transferring and how long it takes students to complete.

Gateway Course Success:

student success in many entry-level courses, such as Algebra I or quantitative literacy and Composition II.

Post-Completion Success:

success after graduation, whether it’s a transfer to a bachelor’s degree program, enrollment in a graduate program or transition. AFFORDABILITY METRICS

These measures look to control rising student costs.

Time to Degree: how long it takes a student to graduate.

Credits at Completion: the number of credits at graduation. EFFICIENCY METRICS

These measures ensure colleges and universities are doing things right.

Core Expense Ratio: how much each school spends on its core operations — including instruction, academic support and student services — of its total institutional support expenses compared with similar schools in the 16-member Southern Regional Education Board.

Faculty to Administrator Salary

Ratio: how much each school spends on instructional salaries of its total institutional support salaries compared with similar schools in the Southern Regional Education Board.

NOTE: Some of the metrics are subject to change SOURCE: Arkansas Department of Higher Education