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