Photo submitted by Lang Zimmerman
The Arkansas Department of Higher Education’s Coordinating Board is holding its quarterly meeting on the campus of Arkansas State University-Mountain Home Friday.
Among the items on the board’s 267-page agenda is consideration of productivity funding model polices for the state’s universities and colleges.
Act 148 of 2017 signed into law by Gov. Hutchinson in February directs the adoption of a productivity-based funding model for state supported institutions of higher education.
At the time the bill was signed into law, Hutchinson said in a statement he made it a goal of his administration when he was elected to increase the percentage of Arkansans who attain post-secondary degrees from 40 percent to 60 percent by 2025.
The new funding formula is based on student progress rather than student enrollment. Hutchinson said the shift in focus will encourage and empower Arkansas students to successfully attain their degree, license or certificate in a timely manner.
The productivity funding formula consists of four categories–effectiveness, affordability, adjustments and efficiency.
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