Governor’s Higher Education Funding Plan Moves Forward
LITTLE ROCK (KFSM) — The model for Arkansas higher education could shift gears in the coming years.
Gov. Asa Hutchinson announced his support of the proposed Higher Education Productivity Funding Model, which follows an outcomes-based approach, according to a release from the governor’s office.
The release also stated that colleges and universities in the state have been funded based on a needs-based model that is driven by enrollments and emphasizes access to higher education in its approach.
“These changes will promote efficiency of operations, encourage on-time completion, and encourage allocation of resources to areas which directly impact student success, such as faculty salaries and academic support services,” Hutchinson said in the release. ““My priority continues to be increasing the percentage of Arkansans that are career-ready, equipped with degrees and industry-recognized certificates, and this new revolutionary funding model will help us achieve just that.”
The Arkansas Department of Higher Education Coordinating Board approved the proposal in a unanimous vote Friday morning (July 30). The proposal will go before the legislature during the 2017 general session.
If the measure is adopted, Arkansas will become only the fifth state to make significant progress toward funding higher education based on outcomes – joining Tennessee, Indiana, Ohio, and Oregon.