Incentive pay for universities

Both Gov. John Kasich and Ohio State University President E. Gordon Gee have shown leadership in planning for a new era in how state government supports publicly funded higher education, with an eye toward the best interests of all state residents.
Together, with other university presidents from around the state, they have come up with a plan to tie state funding of public colleges and universities to graduation rates, helping ensure that taxpayers and students will get value for their dollars.
Kasich’s college-funding plan, like many of his other decisions regarding taxpayer money, is based on measurable return on investment. The yardstick In this case is graduation rates: Half of a school’s funding is tied to its average graduation rate from the previous three years. Under Kasich’s proposed budget, the overall funding pot for higher education would grow by $33 million, or 1.9 percent. Read more...