Budget links Ohio college graduation rates to funding - Columbus Dispatch

Colleges and universities with higher graduation rates will be rewarded with more state money under a new funding formula included in Gov. John Kasich’s latest two-year budget proposal. The winners — and the losers — learned what the new formula would mean in dollars and cents this week when the state released its campus-by-campus spending projection for the fiscal year that begins in July. The numbers vary widely by institution, with Ohio State University getting a more than $10 million boost for its main campus in Columbus, while Bowling Green State University faces a cut of about $2.8 million.Under the formula, half of the state’s higher-education funding for each four-year school would be tied to its average graduation or degree-completion rate from the previous three years. http://www.dispatch.com/content/stories/local/2013/02/09/budget-links-funding-to-grad-rates.html