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Board of Regents approves new five‑year funding formula emphasizing workforce outcomes
Summary
The Louisiana Board of Regents approved a revised five‑year funding formula that shifts weight toward outcomes and incorporates short‑term workforce credentials, but the formula will only be run if the Legislature provides additional funding.
The Board of Regents approved a redesigned five‑year funding formula Wednesday that increases the share of funding tied to outcomes and adds short‑term workforce credentials to the metrics used to distribute state higher‑education dollars.
The new model raises the base share to 65% and sets outcomes at 35%, moves several former “cost” elements into the base, limits research allocation, and for the first time includes validated skills and learning (short‑term workforce credentials) and noncredit enrollments in the annualized full‑time‑equivalent (FTE) calculations. The board approved the change after a multi‑month work group and discussion among system and campus leaders.
Why it matters: Regents staff said the redesign aims to align funding with the state’s workforce needs and the Board’s master plan goal that 60% of working‑age adults hold a high‑value credential or degree…
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