Performance-Based Funding for Higher Education: What You Need to Know
January 2015. While states and institutions across the country experiment to find successful funding formulas, all will agree that performance-based funding (also termed outcomes-based funding) is once again gaining momentum. A majority (60%) of states have already adopted measures to allocate public funding on the basis of outcomes, and many more plan to follow suit.The time is now for your institution to begin thinking about how performance-based funding models can represent state and institutional interests while achieving better student outcomes at your institution. To offer a clear look at the future landscape of performance funding — and what conversations college and university leaders need to be leading on their campuses today — we reached out to Dennis Jones, the president of the National Center for Higher Education Management Systems (NCHEMS). We would like to share our interview with you. An Interview with Dennis Jones, NCHEMS Patrick Cain.Looking back 12-18 months, what overall trend have you seen in regard to the position of policy makers and senior institutional leadership on adopting performance based funding?Dennis Jones.There continues to be growing interest in outcomes-based funding among policymakers. It is increasingly viewed as a form of good budgetary practice at the state level; and […]
