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2011 Faculty Conference: Performance Funding and Financial Aid Reform April 29, 2011 Jason D. Dudich, Associate Commissioner and CFO.

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Presentation on theme: "2011 Faculty Conference: Performance Funding and Financial Aid Reform April 29, 2011 Jason D. Dudich, Associate Commissioner and CFO."— Presentation transcript:

1 2011 Faculty Conference: Performance Funding and Financial Aid Reform April 29, 2011 Jason D. Dudich, Associate Commissioner and CFO

2 State General Fund Appropriation by Function Fiscal Year 2011 Source: State Budget Agency (note: includes all Higher Educ. expenditures) 2

3 Higher Education Appropriation (General Fund Only) FY 2009FY 2010FY 2011% Δ FY 09-FY11 Campus Operating$1,280,962,100$1,232,147,725$1,228,799,412-4% Debt Service$176,580,698$167,538,753$193,772,38710% Line Items$68,453,760$63,229,941$63,177,473-8% R&R$31,035,048$0 -100% SSACI$249,155,438$262,131,147$268,731,9308% TOTALS$1,806,187,044$1,725,047,566$1,754,481,202-3% 3

4 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

5 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

6 History of Performance Funding Formula 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

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8 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

9 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

10 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%

11 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%

12 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

13 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%.

14 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

15 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

16 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

17 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

18 Questions? Thank you! 18


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