TSTC system funding now results based
POSTED: Friday, June 8, 2012 - 11:01am
UPDATED: Friday, June 8, 2012 - 11:14am
Marshall, TX — Texas State Technical College is the first college system in the nation where the instructional funding will be determined solely by results or outcomes, officials said.
The “returned value” funding model is a collaboration between the Texas High Education Coordinating Board, TSTC and the Legislative Budget Board and other relevant agencies, according to Randall Wooten, president of TSTC-Marshall.
The funding formula will be implemented for the 2014-15 biennium for all TSTC campuses — including Marshall’s — and will reward job placement and graduate earnings projections instead of time training or contract hours, he said.
“Right now every public education institution in Texas is paid on some sort of contact hour formula, which is basically how long you keep a student in a seat per semester,” Wooten said. “But the problem with contact hour funding (is) there is no accountability.”
According to Wooten, TSTC officials began corresponding with legislatures about five years ago about having a portion of their pay for performance.
Read more from the Longview News-Journal here.