Current Model
What We Heard:
Challenges:Too complexToo volume-drivenNo rationale behind some numbersWhat we need:Better recognition of equity goalsIncreased alignment with Master PlanPredictability and transparency
New Framework
Separate “buckets” of fundingRECRUIT & RETAINCOF with URM and Pell bumpsRationalized role & missionCOMPLETEPerformance focused on completions onlyRECRUIT, RETAIN AND COMPLETEInnovation fund: targeted interventions to improve performance on Master Plan goals
Key Differences
Performance:Remove retention?Include specific completions?URM?Pell?First generation?Other?Innovation Fund:Purpose?What level of funding?Decisions made by CCHE?
(Illustrative)Issues for Discussion
Staff working on putting numbers and details to frameworkNext Funding Formula Working Group meeting: June 26Full CCHE meeting: July 9
Next Steps
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