Today, Governor Asa Hutchinson was joined by the Director of the Arkansas Department of Higher Education, Dr. Maria Markham, and several Arkansas university presidents, to announce his support for the Higher Education Productivity Funding Model. This funding model places the priority on accountability, student success and program completion as opposed to the previous formula, which places priority on student enrollment.
Additionally, the Governor demonstrated his support for the new funding method by announcing an additional $10 million increase to higher education funding conditioned on the reform’s passage. If the new funding model is adopted, Arkansas will become only the fifth state to make significant progress toward funding higher education based on similar productivity models – joining Tennessee, Indiana, Ohio, and Oregon.
“My goal continues to be increasing the percentage of Arkansans that are career-ready and equipped with degrees and industry-recognized certificates,” Governor Hutchinson stated in a recent press release. “This new revolutionary funding model will help us achieve those goals, and I look forward to working with the legislature to make it a reality.”