Student-Focused Funding Model Implementation slide image

Student-Focused Funding Model Implementation

FUNDING POOLS SUCCESS Rewarding Institutions that Help Students Finish on Time • 5% of total funding The SUCCESS pool rewards institutions that adopt proven solutions to help students gain and maintain the momentum they need in order to graduate on time. Funds in this pool are distributed based on the number of first-time, full-time freshmen in a fall entry cohort who complete at least 30 hours by the end of their freshman year of college, at least 60 by the end of their sophomore year, and 90 or more by the end of their junior year. Taking 15 credit hours or more per semester is essential to completing a degree on time - within two years for an associate's degree or four years for a bachelor's degree. Taking a full course load increase the likelihood that a student will graduate on time, research has shown taking 15 credit hours actually improves academic outcomes. In addition, it reduces student loan debt, saves students money on tuition, and improves students' employment prospects by allowing them to earn a degree and begin their professional careers in the shortest time possible. 30 60 90 120 Student-Focused Funding | 33
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