The Board of Governors expressed appreciation on Tuesday following a proposal by Governor Ron DeSantis that $660 million be directed toward university performance funding.
The Board’s performance funding model, implemented in 2014, is widely believed to be the key driver of the State University System’s success, resulting in a 9.5% increase in graduation rates as well as steep decreases in student costs. The average cost to the student for a four-year degree is now less than $10,000 once financial aid is included.
“In the past five years, the State University System has experienced unprecedented success both in student achievement and national rankings,” said Ned Lautenbach, Board of Governors’ Chair. “With the continued support of Governor Ron DeSantis and the Florida Legislature, I believe the State University System is poised for even greater gains.”
Governor DeSantis and the Florida Legislature allocated $560 million toward performance funding last year.
“At a time when national headlines often question the value of higher education, performance funding is an enormously effective strategy for holding the State University System accountable,” said Marshall Criser III, State University System chancellor. “By enhancing student success and driving down costs, performance funding ensures we’re providing the best possible return on investment to students, their families, and the state of Florida.”
Facts about the State University System of Florida and the Board of Governors
The State University System of Florida is a constitutional body led by the 17-member Board of Governors. The system has 12 universities and more than 340,000 students, making it the second-largest public university system in the nation. Responsibilities include defining the distinctive mission of each institution and managing the system’s coordination and operation. The Board appoints a Chancellor who serves as the system’s chief executive. For more, visit flbog.edu or follow us on Facebook and Twitter.