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Autor/inKosten, Linda A.
InstitutionLumina Foundation
TitelOutcomes-Based Funding and Responsibility Center Management: Combining the Best of State and Institutional Budget Models to Achieve Shared Goals. Lumina Issue Papers
Quelle(2016), (21 Seiten)
PDF als Volltext kostenfreie Datei Verfügbarkeit 
Spracheenglisch
Dokumenttypgedruckt; online; Monographie
SchlagwörterEducational Finance; Financial Support; State Aid; Budgets; Responsibility; Accountability; Money Management; Models; Incentives; Higher Education; Administrative Organization; Indiana; Ohio; Tennessee (Memphis); New Mexico; California
AbstractState governments serve as a key funding source for public higher education. An alternative to historically based state subsidies or enrollment-based formulas, outcomes-based funding allows states to convey goals for higher education by allocating state tax dollars based on measures of outcomes. Within higher education institutions, the Responsibility Center Management model engages deans and other mid-level managers in the responsibility and accountability for revenue generation as well as expense management. Policymakers will benefit from understanding this approach and how it could be used in concert with outcomes-based funding to support the development and delivery of new academic paradigms, expand access to underrepresented students, and, ultimately, increase educational attainment for a greater number of people. This article describes the potential alignment between incentives created by the Responsibility Center Management model and goals of outcomes-based funding. With an integration of the two models, there is a greater assurance of achieving the goals of both--fiscal sustainability and student success. By using Responsibility Center Management, college and university administrators are better able to marshal resources to help students complete their degrees and other credentials while also reaping the benefits of an outcomes-based funding system that directs public funding toward institutions that are doing just that. (As Provided).
AnmerkungenLumina Foundation. P.O. Box 1806, Indianapolis, IN 46206-1806. Tel: 800-834-5756; Fax: 317-951-5063; Web site: http://www.luminafoundation.org
Erfasst vonERIC (Education Resources Information Center), Washington, DC
Update2020/1/01
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