State’s new funding model coming in December

New formula must better include students of different socio-economic statuses, increase future workforce credentials

moneyrollccresizedA new higher education funding formula the Colorado Commission on Higher Education (CCHE) is charged with creating must factors in graduation rates and retention.

The mandate to CCHE to create a new funding formula comes from a bill signed into law May 2014. That law is designed to support statewide goals for higher education contained within CCHE’s master plan, according to a Colorado Department of Education summary.

Among those goals are increasing the number of postsecondary credentials awarded to meet future workforce needs; improving student success through better outcomes in basic skills education; and enhancing access to postsecondary education to ensure the system reflects the state’s changing demographics while reeducating degree attainment gaps.…Read More