Ohio public colleges given incentive to increase grads - Dan Hope, the Latern

Gov. John Kasich (left) and OSU President E. Gordon Gee (right) attend a meeting at the Statehouse on Sept. 11 to discuss a budget plan for higher education with Ohio college and university officials. As a result of new measures outlined in the state of Ohio executive budget for fiscal years 2014-2015, the percentage of state funding Ohio State receives each year is subject to change. Ohio Gov. John Kasich released the budget proposal for the final two fiscal years of his term as governor on Feb. 4, a plan which includes adjustments to the State Share of Instruction (SSI) funding formula, which is used to divide the state’s higher education funding among Ohio’s 37 public universities and colleges. Under the new formula, the allocation of funds at the university level will begin emphasizing degree completion rather than course completion starting in fiscal year 2014. The new SSI formula will award 50 percent of state funds to universities based upon the percentage of students who complete degrees, with 28.2 percent for course completion. Under the current formula, 20 percent of funds are awarded for degree completion and 58.2 are for course completion. http://www.thelantern.com/campus/ohio-public-colleges-given-incentive-to-increase-grads-1.2990428#.UR0kt6U4twI