Total Public Postsecondary Full Time Equivalent Enrollment – All Students 4 2 Year FTE Compounded Annual Growth Rate – 10% 4 Year FTE Compounded Annual Growth Rate - 1.7% Source: CHE SIS Data – Data Warehouse
Performance Funding Formula 5 Established in 2003 with Research Incentive Grown to 6 metrics used to provide performance funding to institutions Successful Completion of Regular Credit Hours Successful Completion of Dual Credit Hours Degrees Attained by Low Income Students Change in overall degrees attained Change in degrees produced on-time Research Growth Incentive
History of Performance Funding Formula 200120032005200720092011 Enrollment Change (credit hours enrolled) Enrollment Change (successfully completed credit hours) Inflation Adjustments Enrollment Change Dual Credit (successfully completed credit hours) Equity Adjustment Plant Expansion/leases Program Adjustment Research Support Incentive Change in number of degrees Change in On-Time graduation Rate Change in On-Time graduation rate Two Year Transfer Incentive Low Income Degree Completion Incentive Workforce Development Incentive (funding non-credit coursework) ** Red font indicates a performance funding formula 6
Performance Funding Metrics 8 Successful Completion of Regular Credit Hours Provides for funding to institutions based on students completing any credit hours with a D- or better at the end of the semester Funding provides for resident and reciprocity students, both undergraduate and graduate level The formula rewards the growth in successful completion by comparing two, 4 year averages over a 6 year period 2007 to 2010 Actual Data 2009 to 2012 Actual and Projected Data Between the 2007 and 2010, on average 121,962 FTE successfully completed credit hours at all Indiana public postsecondary institutions
Performance Funding Metrics 9 Successful Completion of Dual Credit Hours Provides for funding to institutions based on students completing specific dual credit courses with a D- or better during high school Specific courses are based on Priority Level Dual Credit Liberal Arts courses reviewed by the Commission and the Dual Credit Advisory Board The formula rewards the growth in dual credit completion by comparing two, 4 year averages over a 6 year period 2007 to 2010 Actual Data 2009 to 2012 Actual and Projected Data Between the 2007 and 2010, on average 2,897 FTE successfully completed dual credit hours at Indiana high schools
Performance Funding Metrics 10 Degrees Attained by Low Income Students Provides for funding to institutions based on students receiving degrees who were recipients of the Pell Grant at the time of graduation. Institutions can be rewarded in the formula for increasing the number of low income students graduating from their institution, no time restraints Applies to resident, undergraduate students only The formula rewards growth by comparing the average change over 2 years for a 4 year period: Change in degrees from 2006 to 2007 Change in degrees from 2008 to 2009 Between the 2006 and 2009, Pell grant recipients graduating from Indiana public postsecondary institutions grew from 3,554 to 4,020, a growth of 13.1%
Performance Funding Metrics 11 Change in Overall Degrees Provides for funding to institutions based on students receiving bachelor or associate degrees, resident only Institutions can be rewarded in the formula for an overall increase in degrees attained, no time restraints The formula rewards growth by comparing the average change over 2 years for a 6 year period: Change in degrees from 2004 to 2005 Change in degrees from 2008 to 2009 Between the 2004 and 2009, total bachelor and associate degrees conferred by all Indiana postsecondary institutions grew from 19,191 to 20,076, a growth of 4.6%
Performance Funding Metrics 12 Change in Degrees On-Time Provides for funding to institutions based on students graduating in 4 or 2 years based on degree type Institutions can be rewarded in the formula for an overall increase in the 4 or 2 year graduation rate Applies to resident, first-time, full time, degree seeking students only The formula rewards growth by comparing the 4 or 2 year graduation rate for 2 periods of time: 2004 Cohort graduation rate 2006 Cohort graduation rate Between the 2004 and 2006 cohorts: A decrease of 0.3% in the 4 year graduation rate A decrease of 4.6% in the 2 year graduation rate
Performance Funding Metrics 13 Research Growth Incentive Provides for funding to research institutions for growth in outside research funding Currently applies to only IU Bloomington, IUPUI and PU West Lafayette Research funding can be in the form of federal funds (non-ARRA), industrial grants and contracts, and private foundations The formula rewards growth by comparing two, 4 year averages: 2005 through 2008 actual average 2009 through 2012 projected average In 2010, research support in the funding formula accounted for $391.8 million for the 3 institutions compared to $386.8M in 2009, a growth of 1.3%.
Performance Funding and Student Learning Outcomes 14 What Performance Funding metrics impact student learning outcomes? Performance formula provides incentives for improvement in completion by college students in numerous areas. Improvement in completion in course work and overall degree attainment shows improvement in student learning. Institutions can improve completion metrics in the performance formula and show improvement in student learning – IMPACT: REWARD FUNDING THROUGH FORMULA
State Student Financial Aid Reform 15 2010 Student Aid Reform Commission for Higher Education (CHE) and the State Student Assistance Commission of Indiana (SSACI) presented and prepared state financial aid reform recommendations. Recommendations included: Eligibility determinations for financial aid GPA requirements increased above current levels Improving data collection by CHE for all college and university students in Indiana Wrap around services by institutions for students on state financial aid Merge funding for state financial aid into one source Consideration of outside financial resources when determining state financial aid
State Student Financial Aid Reform 16 2011 General Assembly – Senate Bill 577 Financial Aid Reform Provides for changes to major state financial aid programs Changes in these programs include: Provides for greater needs testing for various state financial aid programs: during enrollment, application and renewal of aid Requires a higher GPA during high school in order to receive state financial aid, changes from 2.0 to 2.5 Provides for a GPA minimum during college while on state financial aid, staggered based on year up to 2.5 during senior year Allows CHE and SSACI access to student data for public, private and proprietary institutions Allows students with an Associate degree seeking a Bachelors degree to receive a higher financial aid award if the student did not obtain an academic honors diploma
State Student Financial Aid Reform 17 Changes in these programs include (cont.): Adjustments to the administration of state financial aid funds to allow for better administration of state resources Requires potential state financial aid recipients to participate in academic success program while in high school in order to obtain state financial aid in college Changes to high school GPA and eligibility requirements will take affect after June 30, 2014 Changes to college GPA requirements will take affect after June 20, 2012 Changes to eligibility requirements for state financial aid programs will not have an impact until 2017 at the earliest
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