Funding formula threatens budget - Jonathan Kaulay, Oracle

A new plan to base a university’s state funding on graduation rates is going to cause some major changes to Tech, including a reduction in state funding. Previously, state funding was based on enrollment numbers. The goal of this program, called the Complete College Act, is to raise Tennessee’s overall graduation rates by directly linking the amount of state funding received with the amount of bachelor’s, master’s and doctorate degrees. Tech’s overall graduation rate declined between last year and this year. http://www.tntechoracle.com/news/funding-formula-threatens-budget-1.2937186