SARASOTA
The University of South Florida system came in second overall in the State University System’s performance-based funding results and will receive $45 million from the state.
Eleven universities are eligible for the performance-based funding. Each school contributes a portion of it’s budget. Schools that earned 51 points or higher, received back at least their full contribution. USF contributed $39 million to the pool and will receive that contribution back as well, for a total of $84 million.
A spokesman for the USF Sarasota-Manatee campus said USFSM did not know how much it would be receiving, however, it would be benefiting from the system-wide influx of cash
New College of Florida came in sixth and will receive $2.4 million in new money.
“Student success continues to be the No. 1 priority for the USF system, a focus that has led to sustained excellence in performance-based funding,” USF system president Judy Genshaft said. “We remain incredibly grateful for the investments we have been able to make as a result of performance-based funding over the past several years and will continue to stay laser-focused on our commitment to meeting the needs of our students while maintaining our unmatched upward trajectory.”
The system uses 10 metrics to determine the number of points each school receives, including the number of students receiving degrees in areas of strategic emphasis, on-time graduation and student employment after graduation.
The USF system finished first in the state in the percent of bachelor’s and graduate degrees awarded in programs of strategic emphasis and the percent of graduates employed.
