Paper recommends specific strategies for effective stakeholder engagement based on work in multiple states and leading research in the field of outcomes-based funding.
No state has done more than Tennessee to shift state higher education funding to reflect outcomes rather than inputs. In other states, most of the core funding for higher education, including tuition and state appropriations, flows to colleges based on student enrollment.
An infographic guide to outcomes-based funding models.
This paper provides a conceptual framework that examines the interrelationship between state and institutional finance policies, including state appropriations, tuition and financial aid. It explores how state higher education goals can be advanced through outcomes-based funding policies that provide incentives for institutional behavior, and how policies can be designed to maximize student success.
Kevin Corcoran leads Lumina Foundation's strategic communications team. Before assuming this role in late 2016, he spent eight years overseeing design and policy work that promoted development of new higher education business and finance models. His areas of expertise include competency-based learning, state authorization of online degree programs, and outcomes-based funding.
Deputy Commissioner for Academic and Workforce Initiatives at the Texas Higher Education Coordinating Board
Higher education, depending who you talk to, is a generator and transmitter of knowledge, a provider of opportunity and social mobility, a trainer of skilled workers for employers, a driver of economic development or any or all of the above. But alongside its lofty goals, it is also a big, complex $600 billion business that provides paychecks to four million people.