Kentucky Council on Postsecondary Education OKs New Funding Model for Universities

June 20, 2017

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Title: Board OKs New Funding Model for Universities

Author: Adam Beam, Associated Press

Source: U.S. News & World Report

Last week the Kentucky Council on Postsecondary Education (KYCPE) approved a new state funding model for its public colleges and universities. Thirty-five percent of state funding will be based on the kinds of degrees earned. Of that, five percent will be determined by the number of degrees earned in science, technology, engineering, mathematics, and health degrees; three percent will be based on the degrees earned by low-income students; and three percent will be based on the degrees earned by minorities.

Kentucky, which is currently dealing with billions in public pension debt, is also trying to lure manufacturing jobs.

For more details, please visit U.S. News & World Report’s website.

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