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Cost

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Save students money by revisiting the higher education productivity funding model.

Higher Education Funding Formula:

  • Begins to incorporate a return on investment metric in the productivity funding formula. The ROI metric will capture post-enrollment earnings, baseline earnings, and cost of attendance; and the metric will align with the state's workforce needs.
  • Authorizes the division to promulgate rules to implement funding for non-credit programs and to define non-credit programs in rule. The change incentivizes non-degree, industry-aligned credentials of value.
  • Implementation expected to begin by Summer 2025 and full implementation is expected by 2026-2027.

Concurrent Credit Uniform Tuition Rate:

  • Establishes a tuition rate for concurrent enrollment courses through an institution of higher education beginning in the 2025-2026 school year. The rate will be reviewed annually.
  • Implementation expected by September 2025.

Higher Education Coordinating Board Member Reduction:

  • Creates government efficiency and resolves issues with this board meeting a quorum due to only having 9 of the required 12 members serving. Amendment 33 boards are required to have 5, 7, or 10 board members, therefore reducing the number of members will ensure compliance with Amendment 33.
  • Implementation is expected by April-July 2025.

Powers and Duties of the Higher Education Coordinating Board in Technical Schools and Community Colleges:

  • Provides the Higher Education Coordinating Board rulemaking authority for implementing the provisions related to Technical College and Community College Systems.
  • Implementation is expected by April-July 2025.

Technical Schools and Community Colleges Economic Feasibility:

  • Provides the Higher Education Coordinating Board rulemaking authority for implementing the Technical College and Community College Capital Improvement Act and determining economic feasibility of projects.
  • Implementation has previously occurred, this provides authority for existing rules.

Private Resident and Correspondence Schools:

  • Creating government efficiency and compliance with Amendment 33 by dissolving this board and reconstituting its duties to fall under the purview of the Higher Education Coordinating Board.