Growth Funding
The Utah Board of Higher Education created a task force that recommended the adoption of a model for funding growth in Utah’s public higher education system. The model provides funding to USHE institutions for each additional 100 student full time enrollment (FTE) growth in vocational, lower division, and upper division courses based on actual instructional, academic support, and student services costs. The model pro-rates the costs based on institutional mission and tax funding and adjusts for institutional size (with smaller institutions receiving slightly higher funding). In the November 2019 meeting the Board approved using the model to make an additional budget request for growth funding for fiscal year 2021. Based on current student FTE estimates and model calculations, the FY 2021 budget request funds: USU $386,000, SUU $362,000, DSU $904,000, and UVU $2,264,000.
Model:
Funding as institutions hit milestones of new student full time enrollment (FTE)