Georgia's public colleges and universities will have to earn the money they get from taxpayers by helping more students get a degree. The change is part of a new funding formula approved Wednesday by a commission appointed by Gov. Nathan Deal.
Georgia is making plans that would change the way it funds public colleges in the state, tying the money to performance measures such as graduation rates. The plan, if given final approval, would mark a drastic change in the way Georgia funds its college system.
Georgia colleges need to boost graduation rates to at least 53 percent by 2020, according to a new federal report. It’s the state’s share of an Obama administration goal for the U-S to have the highest proportion of college graduates in the world. Georgia had a graduation rate of 35 percent in 2009.
The Georgia university system wants to hold college presidents more accountable for student graduation. The Board of Regents this year is expected to approve a new salary structure for college and university presidents to place more emphasis on graduation rates.
The public pins most of the blame for poor college graduation rates on students and their parents and gives a pass to colleges, government officials and others, a new Associated Press-Stanford University poll shows.