The impact of performance-based funding
models on university graduation rates in Florida
Institute for Public Policy Studies
University of Denver
Michael Vente
Master of Public Policy Candidate
November 2014
Table of Contents
Executive Summary: ............................................................................................................................................................... 3
Problem Definition: ................................................................................................................................................................ 5
Methods: ................................................................................................................................................................................. 7
Issue Analysis: ...................................................................................................................................................................... 11
Proposed Solutions: .............................................................................................................................................................. 14
Solution 1, Status Quo: ................................................................................................................................................. 17
Solution 2, Punitive-based Approach:........................................................................................................................... 19
Solution 3, Incentive-based Approach: ......................................................................................................................... 22
Solution 4, Mixed Approach: ........................................................................................................................................ 25
Strategic recommendations: .................................................................................................................................................. 28
Enhanced Support Services:.......................................................................................................................................... 29
Weaknesses and limitations: ................................................................................................................................................. 31
Conclusion: ........................................................................................................................................................................... 33
Appendix: .............................................................................................................................................................................. 34
Appendix 1: Glossary of abbreviations ............................................................................................................................. 34
Appendix 2: SB 1076: An act relating to K-20 education (2013):.................................................................................... 35
Appendix 3: Cost-Benefit Analysis, Tier 1 and Tier 2: .................................................................................................... 38
Appendix 4: Statistical Inputs-Status Quo, Tier 1 and Tier 2 ........................................................................................... 40
Status Quo Calculations: ................................................................................................................................................... 44
Appendix 5: Statistical Inputs-Solution 2, Tier 1 and Tier 2 ............................................................................................ 45
Solution 2 Calculations: .................................................................................................................................................... 49
Appendix 6: Statistical Inputs-Solution 3, Tier 1 and Tier 2 ............................................................................................ 50
Solution 3 Calculations: .................................................................................................................................................... 54
Appendix 7: Statistical Inputs-Solution 4, Tier 1 and Tier 2 ............................................................................................ 55
Solution 4 Calculations: .................................................................................................................................................... 58
Appendix 8: Sensitivity Analysis:.................................................................................................................................... 60
Bibliography: ........................................................................................................................................................................ 96
2
Executive Summary:
"Our Board will no longer accept low graduation rates, high excess hours, or degrees that don’t create jobs or
address workforce needs. Our Board will continue to demonstrate its ability to lead the System as we advance
into the 21st century. We will continue to improve. Not only do I want our System to be the best System in the
country, I want our System to be one of the best Systems in the world."
Mori Hosseini, chairman of the Florida Board of Governors1
The future role and operations of public higher education institutions in the United States face significant
challenges in the 21st century. As policymakers are faced with limited government revenue, universities and
other institutions of higher education are faced with greater accountability. Universities must continually strive
to justify the appropriations they receive from the state. With calls for greater accountability for limited tax
revenue and a desire for efficient government operations, institutions of higher education must use methods of
accountability for the programs they offer and the services they provide to their students.
Institutions of higher education are forced to adapt to this new paradigm through the use of metrics on their
effectiveness as centers for training the nation’s workforce and supporting a knowledge driven economy. These
metrics assess the effectiveness of the institution through a range of indicators including graduation/completion
rate, research expenditures, and grants awarded.
Each state has challenges and goals for their systems of higher education. Since much of the funding and
oversight for institutions of higher education come at the state level, legislators and policymakers in each state
play a vital role in crafting these metrics and goals to reflect their priorities for their higher education systems.
In Florida, the legislature has created the designation of “preeminent” status for universities that meet various
metrics including higher graduation rates for students. With preeminent status comes additional funding to
enhance academic programs, such as faculty salaries or instructional support. Through the establishment of this
designation, the Florida Legislature hopes to encourage all 12 public universities in Florida to raise their
1
Florida university system chairman sets priorities for coming two years. The Tampa Bay Times. Jeffrey Solochek. 1/16/2014.
3
performance a range of indicators used for assessment. Through this approach, policymakers hope that the
entire system of higher education in Florida will be strengthened.
Recently, the Florida Board of Governors (BOG) has discussed reductions in state funding to universities that
do not show improvement in raising their performance in areas identified by policymakers. One key area of
focus for policymakers in Florida is raising the 6-year graduation rate for students to at least 70 percent. Low
graduation rates at Florida’s universities limit the amount of students that successfully complete their
undergraduate education. These low graduation rates limit a student’s ability to obtain higher paying jobs
compared to their high school graduate counterparts. Many policymakers within the Florida Legislature and the
Florida BOG feel that the graduation rate for students at most Florida universities is too low and students
are not fully able to participate in the Florida economy.
In this memorandum, a cost-benefit analysis will determine the effects of an incentive-based approach
rewarding universities for reaching a 70 percent 6-year graduation rate or punitive-based approach punishing
universities that do not meet a 6-year graduation rate. These policy options will inform policymakers in Florida
on the effects of incentive-based and punitive-based state appropriations practices for universities and their
impact on Florida’s system of higher education as a whole. The recommendation of this memorandum is an
incentive-based approach which rewards universities for achieving higher graduation rates.
4
Problem Definition:
For many years, state support for higher education programs has steadily decreased. According to an analysis
by the Chronicle of Higher Education, Florida universities have experienced a 21.6 percent decrease in state
support since 1987.2 The Great Recession of 2008, which caused severe economic contraction in the first
decade of the 21st century, led many state legislatures to lose substantial revenue from the state sales and
income tax. Since the start of the Great Recession in 2008, 48 states have cut spending on higher education by
an average of 26 percent.3 Additionally, the average state is spending $2,026 per student which represents a 23
percent drop in per student funding compared to before the recession.4 As a result of the Great Recession, state
governments had less revenue to fund all government programs. Additionally, state funding has been unable to
keep up with grow in student populations at many state institutions.
Many areas of state budgets such as K-12 spending and health and human services programs continue to grow.
Increasingly, these entitlement programs take up a larger portion of state budgets. According to the National
Association of State Budget Officers, Medicaid costs have increased on average from 10 percent of states’
budgets to 24 percent.5 With continuing growth for programs such as Medicaid and K-12 education,
policymakers have limited state revenue to fund additional programs. Higher education receives a smaller
proportion of limited state revenue because policymakers have sole discretion when appropriating funding for
higher education whereas funding for entitlement programs is mandatory based on federal guidelines.
In response to declining state support, universities have increased tuition for students. In order to attain postsecondary education, many students are forced to take on debt in the form of student loans. According to the
Center for Studies in Higher Education at the University of California, Berkeley, graduates with loans borrow
2
25 Years of Declining State Support for Public Colleges. The Chronicle of Higher Education. 3/03/2014.
Recent Deep State Higher Education Cuts May Harm Students and the Economy for Years to Come. Oliff et al, 2013.
4
States Are Still Funding Higher Education Below Pre-Recession Levels. Mitchell, 2014.
5
From Public Good to Private Good: How Higher Education Got to a Tipping Point. The Chronicle of Higher Education. 3/03/2014.
3
5
an average of $19,300.6 This represents a 60 percent increase in inflation adjusted dollars compared to
graduates in the 1990s.7 According to the Pew Research Center, 75 percent of adults do not attend college
because of the high cost. Additionally, 57 percent of adults feel the higher education system fails to provide
good value for the cost.8 In Florida, the average tuition and fees for the 2013-2014 school year totaled $6,155.9
This rate is largely similar at all Florida universities and has remained unchanged for the past three years.
Florida Governor Rick Scott has vetoed attempts to increase tuition at Florida universities because he views
higher tuition rates as a burden to students in terms of higher debt post-graduation and a contributing factor to
lower graduation rates.10
Even with drastically lower tuition when compared to the rest of the United States, six of the eleven state
universities in Florida have graduation rates lower than 50 percent.11 State policymakers find this rate
unacceptably low and have encouraged universities to raise their 6-year graduation rates to provide the state
with more individuals who have completed their post-secondary education. Lower graduation rates at
universities in Florida leads to few students completing their undergraduate education and limits a student’s
ability to attain better paying jobs. Additionally, politicians and policymakers feel pressure from their
constituents who see rising tuition costs for their children and question the value of the education. To address
these concerns, many states have started to incorporate performance-based funding metrics into their system’s
higher education funding formula.
With these statistics, policymakers and governments are confronted with the problem:
The graduation rate for students at most Florida universities is too low and students are not fully able to
participate in the Florida economy.
6
The Student Debt Dilemma: Debt Aversion as a Barrier to College Access. Burdman, 2005.
Ibid
8
Is College Worth It? Pew Research, Social and Demographic Trends, 2011.
9
Tuition and Fees 2000-2013. Florida Board of Governors, 2014.
10
Governor Rick Scott’s Statement on University Tuition Action. Executive Office of Governor Rick Scott. 2014.
11
Grad Rates at Public Universities in Florida Inch Higher. Florida College Access Network. Troy Miller. 3/13/2013.
7
6
Methods:
In order to assess and implement policy solutions to raise graduation rates in Florida, data on each university’s
current graduation rate is required. The main source of demographic information was the State University
System of Florida’s Board of Governors (BOG), the governing board for all of the public universities in Florida.
Each year, all universities in Florida submit various pieces of information to the state in the form of a
“Factbook”. These Factbooks include enrollment information and demographic information on all students
enrolled at the universities. This information is made available to the public and is available online through the
university itself or through the BOG. Each university’s 6-year graduation rate is among the data submitted to
the BOG through their Factbook. Additionally, enrollment information gathered from the State University
System of Florida’s Board of Governors was cross referenced with information available from each university
and with data submitted to the federal Integrated Postsecondary Education Data System (IPEDS). In cases
where detailed information on individual cohorts was unavailable, specifically the number of seniors preparing
to graduate from an institution, an extrapolation was done. Generally, seniors comprise 25 percent of a
university’s student population. This percentage was chosen based on the trends from universities (like Florida
State University and the University of Florida) where more detailed class information was available.
While increasing graduation rates is a goal sought by all policymakers, the impact of increased graduation rates
must be quantified. In order to quantify the economic impact of changing graduation rates, data on additional
earnings of college graduates was used. Specifically, information from The College Payoff study conducted by
the Center for Education and the Workforce at Georgetown University found that college graduates make on
average $24,100 more per year than high school graduates each year of their working life.12 This premise is
supported by a recent study by Maria E. Canon and Charles S. Gascon from the Federal Reserve of St. Louis
detailing income disparities between a high school graduate and college graduate. In their analysis, Canon and
12
The College Payoff: Education, Occupations, Lifetime Earnings. Center on Education and the Workforce at Georgetown University.
Carnevale et al, 2011.
7
Gascon state that a college graduate makes more than $300,000 more in lifetime earnings compared to a high
school graduate.13
In 2013, the Florida Legislature attempted to move to a more performance based funding system for state
universities. This involved the establishment of a system of metrics to designate a university as “preeminent”.
The preeminent state research universities program was created with the passage of SB 1076. 14 In order to be
classified as a preeminent institution, universities had to meet at least 11 or the following 12 metrics as outlined
by policymakers.15 According to these metrics, only Florida State University and the University of Florida
qualified for an additional $15 million per year from the state. One metric necessary for preeminent designation
is a 6-year graduation rate of 70 percent or higher for full-time, first-time-in-college students, as reported
annually to the IPEDS.16 Designation as a preeminent university and the additional dollars associated with that
designation could be used to encourage universities to increase their graduation rates.
In order to quantify the effect of increasing or decreasing state appropriations on graduation rates, three recent
studies were used.
Blose, Porter, and Kokkelenberg:17
In this study, Blose, Porter, and Kokkelenberg measured the effect of institutional funding cuts on baccalaureate
graduations rates in public higher education institutions. The authors used information from The State
University of New York (SUNY) to approximate relative academic program costs per student within the
system. Data on 4-, 5-, and 6-year graduations rates were used based on information reported by 416
institutions to IPEDS. A regression analysis was performed where the relationship between variables could be
determined. Graduation rates were used as depended variables while institutional characteristics such as state
13
Canon and Gascon, 2012.
SB 1076. The Florida Senate, 2013.
15
See Appendix 2
16
SB 1076, Lines 3398-3400.
17
The Effect of Institutional Funding Cuts on Baccalaureate Graduation Rates in Public Higher Education. Blose et al, 2006.
14
8
expenditures were used as independent variables. The analysis attempted to calculate a predicted graduation
rate for each college that is adjusted for institutional characteristics. Their hypothesis was that higher student
expenditure levels should result in more output or higher graduation rates. Through the analysis, the authors
found that a $1,000 increase in university expenditure results in a 1.09 percent increase in graduation rates.
Ryan:18
In his study, John Ryan measured the relationship between institutional expenditures and degree attainment at
baccalaureate colleges. Ryan conducted a regression analysis using IPEDS data from 363 institutions classified
as Carnegie Baccalaureate I or II. Ryan identified the university’s 6-year class cohort as his dependent variable
and the expenditures by universities as his independent variable. In his regression analysis, Ryan attempted to
find a relationship between the dependent and independent variables. His hypothesis was that a positive and
significant relationship exists between expenditure in instruction, academic support, and student services with
student degree attainment as measured by 6-year cohort graduation rates. Through his analysis, Ryan found that
a 1 percent increase in instructional expenditures will lead to more than a 0.25 percent increase in cohort
graduation rates.
Zhang:19
In his analysis, Zhang assessed whether the institutional-level approach enables a direct test of the link between
state funding and college graduation rates at public college and universities. He used IPEDS data on student
populations at institutions which submitted their data to the IPEDS system. This use of this data allowed Zhang
to perform a regression analysis where 6-year graduation rates were the dependent variable and state
appropriations were the independent variable. Based on his analysis, Zhang found that a 10 percent increase in
state funding is associated with a 0.64 percent increase in graduation rates at that institution.
18
19
9
The Relationship Between Institutional Expenditures and Degree Attainment at Baccalaureate Colleges. Ryan, 2004.
Does State Funding Affect Graduation Rates at Public Four-Year Colleges and Universities? Zhang, 2008.
Success of the policy alternatives will be assessed by applying incentive-based and punitive-based state funding
allocations on institutions based on their 6-year graduation rate. The net present value (Potential Benefits –
Potential Costs) of each solution will inform its overall benefit or cost to all stakeholders. Since a 6-year
graduation rate of 70 percent or higher has been outlined by the Florida Legislature as one target metric for
preeminent status, this metric should be the goal for all public universities in Florida. The increased or
decreased number graduates and their earnings will comprise the economic benefit to the individual and to the
state.
10
Issue Analysis:
Low graduation rates present the higher education community with a persistent problem. While institutions of
higher education may be increasing their student populations, roughly half of all undergraduate students do not
complete a bachelor’s degree in 6 years.20 Graduation rates in Florida follow a similar trend with six of the
eleven state universities in Florida having graduation rates lower than 50 percent.21
By including higher 6-year graduation rates as a metric in attaining preeminent status, the State of Florida has
indicated that higher graduation rates should be a priority for all public universities. The movement towards
performance-based funding for higher education in Florida began in 2013 with the state’s designation of
“preeminent” universities. The preeminent state research universities program was created with the passage of
SB 1076. As discussed previously in this memorandum, a university needed to meet 11 of the 12 metrics
outlined by the state to achieve preeminent status. Rewards for achieving preeminent status included an
additional $15 million in their state appropriation. Only Florida State University and the University of Florida
met sufficient metrics to qualify for an additional $15 million per year from the state.
One metric necessary for preeminent designation is a 6-year graduation rate of 70 percent or higher for fulltime, first-time-in-college students, as reported annually to the IPEDS. Designation as a preeminent university
and the additional dollars associated with that designation could be used to encourage universities to push for
high graduation rates. By enticing universities with more money if they meet certain metrics outlined by the
state, policy makers play a key role in directing the goals of the university system and shaping the agenda of the
debate.
20
21
The Hidden Costs of Low Four-Year Graduation Rates. Sullivan, 2010.
Grad Rates at Public Universities in Florida Inch Higher. Florida College Access Network. Troy Miller. 3/13/2013
11
The push for performance-based funding has also spread to the governance board of the university system in
Florida. The Board of Governors (BOG) oversees the public universities in Florida and unveiled a plan to tie
funding to a wider set of performance-based metrics. These include:

Percent of bachelor’s degree graduates employed and/or continuing their education

Average wages of employed baccalaureate graduates

Cost per undergraduate degree

Six-year graduation rate for full-time and part-time first time students

Academic progress rate (2nd-year retention with GPA above 2.0)

Bachelor’s degrees awarded in areas of strategic emphasis (includes STEM)

University access rate (percent of undergraduates with a Pell grant)

Graduate degrees awarded in areas of strategic emphasis (includes STEM)

A metric chosen by the Board of Governors

A metric chosen by each university’s Board of Trustees22
These 10 metrics were placed on a 5 point scale for a total of 50 points. This method enabled the BOG to assess
the success of each individual university in meeting the goals of the system. This performance-based system
does not come without a potential cost to the university. Universities gaining at least 26 points will see an
increase to their base budget. Universities not gaining at least 26 points will see their funding cut. While this
system does not apply to community colleges, the movement towards performance-based funding has begun
and policymakers may use performance-based funding for other institutions of higher education to better reflect
the goals/priorities of the state.
22
Performance Based Funding Model. State University System of Florida: Board of Governors.
12
This “carrot and stick” approach meets the needs of many stakeholders including students and policymakers
that demand more accountability. Students, policy makers, and political leaders have a central component of
their political agendas addressed through initiatives such as performance-based funding.
13
Proposed Solutions:
In this memorandum, an application of different ways to increase the graduation rate at Florida universities will
encompass each policy alternative. Each policy alternative will offer either a “carrot or stick” approach to
increasing graduation rates.
The punitive-based approach will decrease state appropriations for universities with 6-year graduation rates
below 70 percent by 1 percent. State appropriations for universities with graduation rates above 70 percent will
remain unchanged from the previous year. The incentive-based policy approach will increase state
appropriations for universities with 6-year graduation rate of 70 percent or higher by 1 percent. State
appropriations for universities with graduation rates below 70 percent will remain unchanged from the previous
year. For this problem, the stakeholders include students, the state budget, and the institutions of higher
education. All of these stakeholders will experience benefits and costs under that proposed solutions to
increased graduation rates.
The student will benefit from increased graduation rates because they will be more likely to graduate and
increase their lifetime earnings. As stated by The College Payoff study conducted by the Center for Education
and the Workforce at Georgetown University, bachelor’s degree recipients are likely to make on average
$24,100 more per year than their high school diploma counterparts.23 The state will benefit from higher
graduation rates through an increased number of individuals in Florida with bachelor’s degrees with higher
annual earning than those without bachelor’s degrees. A lower graduation rate would limit the benefits to the
state and the individual of attaining an undergraduate education. The more time it takes for an individual to
complete their undergraduate education, the less time that individual is able to use his or her skills to seek fulltime employment and fully participate in the Florida economy through greater spending. In a study by the
Center on Education and the Workforce at Georgetown University found that those receiving a bachelor’s
23
The College Payoff: Education, Occupations, Lifetime Earnings. Center on Education and the Workforce at Georgetown University.
Carnevale et al, 2011.
14
degree made $2,268,000 during their lifetimes as opposed to those with only a high school diploma who made
only $1,304,000 during their lifetimes.24 Additionally, universities will benefit from higher graduation rates
because they will be closer to attaining preeminent status as outlined by the Florida Legislature.
The three studies by Blose, Ryan, and Zhang show a positive relationship between increases to the funding
received from the state to universities and college graduation rates at public colleges and universities. For the
purposes of this memorandum, the study by Zhang was chosen for multiple reasons. Zhang’s study is recent
(2008) and uses a large sample size when running his analysis (1,781 observations). In Zhang’s study, a 10
percent increase in state funding is associated with a 0.64 percent increase in graduation rates at that institution.
Since this memorandum will assess the impact of a 1 percent increase or decrease in state funding on a
university’s graduation rate, this finding was modified to show that a 1 percent increase or decrease in state
funding is associated with a 0.064 percent increase or decrease in graduation rates at that institution.
To order to address uncertainty in the CBA output of each proposed solution, a sensitivity analysis was
performed. The sensitivity analysis for this memorandum shows the impact on graduation rates and student
earnings if the theoretical rate of 0.064 percent identified by Zhang is higher or lower when put into practice.
The sensitivity analysis associated with this memorandum was performed using a 0.05 percent and 0.1 percent
change in graduation rates depending on a 1 percent increase or decrease in state appropriations. 25 The analysis
helps inform policymakers on how benefits and costs can change for each stakeholder if the 0.064 percent rate
is changed.
Additionally, universities were divided into different tiers for the cost-benefit analysis portion of this
memorandum. Base state appropriations at universities can be vastly different. The difference between the
largest recipients of state appropriations (University of Florida with $657,018,039.69) is drastically different
24
25
Ibid.
See Appendix 8
15
than the smallest recipient of state appropriations (Florida Gulf Coast University with $117,829,139.79). For
the purpose of presenting the effects of each policy alternative on universities with higher base state
appropriations and lower state appropriations, the two-tiered system was used. Universities with yearly base
state appropriations higher than $400,000,000 were placed in Tier 1. Universities with year base state
appropriations lower than $400,000,000 were placed in Tier 2. This tiered approach give a better view of how
each policy alternative effects similar institutions.
Universities in Tier 1
Universities in Tier 2
University of Florida (UF)
Florida A&M University (FAMU)
Florida State University (FSU)
Florida Atlantic University (FAU)
University of South Florida (USF)
University of West Florida (UWF)
Florida International University (FIU)
University of North Florida (UNF)
University of Central Florida (UCF)
Florida Gulf Coast University (FGCU)
For the purposes of this memorandum, budget allocations and graduation rates for New College of Florida
(NCF) and Florida Polytechnic University (FPU) were not included. NCF has been designated as Florida’s
liberal arts college with a very small student population. FPU is a new university in the Florida system and
does not yet have any students. The budgets and student populations for both of these universities is very small
and does not fit well within the tiered approach discussed earlier.
16
Solution 1, Status Quo:
Through SB 1076, state policymakers have set a goal of a 70 percent graduation rate at Florida universities.
Florida universities that do not have a 70 percent graduation rate produce fewer graduates each year due to their
lower graduate rate. Fewer college graduates in Florida yields fewer individuals with the skill necessary to
achieve higher earnings. This represents lost earnings for students who do not attend a university with at least a
70 percent graduation rate.
In order to calculate the lost earnings of students who do not attend a university with a 70 percent graduation
rate for 1 year, the number of graduates each university would produce if their graduation rate was 70 percent
was extrapolated. The potential earnings of these new graduates was then found and represented as lost
earnings and a negative benefit to students.
Loss of Student Earnings with current Graduation Rates
Tier 1 Universities
University of Florida (UF)
$0.00
Florida State University (FSU)
$0.00
University of South Florida (USF)
$34,016,427.00
Florida International University (FIU)
$46,050,280.00
University of Central Florida (UCF)
$12,362,336.00
Tier 2 Universities
Florida A&M University (FAMU)
Florida Atlantic University (FAU)
University of West Florida (UWF)
University of North Florida (UNF)
Florida Gulf Coast University (FGCU)
$22,129,102.00
$65,214,600.00
$14,595,924.00
$19,394,716.00
$19,449,423.00
This calculation found that students are missing out on $92,429,043 in earnings at Tier 1 schools and
$140,783,765 in earnings at Tier 2 schools because university graduation rates are below 70 percent.26 The net
present value (NPV) for the status quo was calculated by subtracting the benefits of this solution from the costs
26
See Appendix 4
17
for all stakeholders. No additional earnings are realized by students in the status quo. Additionally, universities
do not receive any additional funding from the state. The loss of earnings for students is the only cost expressed
in the status quo. This yields a negative NPV for the status quo in both Tier 1 and Tier 2.
Net Present Value for Tier 1, Status Quo
Net Present Value for Tier 2, Status Quo27
-$92,429,043.00
-$140,783,765.00
As state budgets continue to be stressed through increased needs of programs entitlement programs such as K12 education or Medicaid, availability of funding for higher education will continue to be difficult. Large
increases of state funding for universities are unlikely. However, in order to reach at least a 70 percent
graduation rate for all universities in Florida the state would need to spend an additional $6,449,110,525.10 in
addition to current base budgets. Increases needed at each university are listed below:
Base Budget increases needed for Universities to reach 70 percent
Graduation Rate
Tier 1 Universities
University of Florida (UF)
$0.00
Florida State University (FSU)
$0.00
University of South Florida (USF)
$637,595,180.76
Florida International University (FIU)
$1,303,829,388.54
University of Central Florida (UCF)
$315,029,297.35
Tier 2 Universities
Florida A&M University (FAMU)
Florida Atlantic University (FAU)
University of West Florida (UWF)
University of North Florida (UNF)
Florida Gulf Coast University (FGCU)
27
See Appendix 3
18
$816,050,772.13
$1,225,771,890.05
$532,082,975.90
$504,520,604.02
$497,091,683.48
Solution 2, Punitive-based Approach:
Setting a 6-year graduation rate of 70 percent as a goal for preeminent status demonstrates the value the state
sees in higher graduation rates for Florida universities. In order to encourage universities to attain this higher
rate, the state can limit future funding to universities who do not reach this goal. For universities not meeting
this goal, state support could be cut as a punitive-based approach to state appropriations.
In this solution, the base budgets of state universities with 6-year graduation rates lower than 70 percent were
cut by 1 percent. Institutions that were cut included:

University of South Florida (USF)

Florida Atlantic University (FAU)

Florida International University (FIU)

University of West Florida (UWF)

University of Central Florida (UCF)

University of North Florida (UNF)

Florida A&M University (FAMU)

Florida Gulf Coast University (FGCU)
The only universities that were not cut were Florida State University and the University of Florida due to their
graduation rate of 70 percent or higher. The decreases ranged from $5,040,468.76 at the University of Central
Florida to $1,178,291.40 at Florida Gulf Coast University due to the different base budgets of each institution.28
28
See Appendix 5
19
Change to Base Budgets with Solution 2
Tier 1 Universities
University of Florida (UF)
Florida State University (FSU)
University of South Florida (USF)
Florida International University (FIU)
University of Central Florida (UCF)
$0.00
$0.00
-$4,534,010.17
-$4,172,254.04
-$5,040,468.76
Tier 2 Universities
Florida A&M University (FAMU)
Florida Atlantic University (FAU)
University of West Florida (UWF)
University of North Florida (UNF)
Florida Gulf Coast University (FGCU)
-$1,684,749.98
-$2,614,980.03
-$1,216,189.66
-$1,467,696.30
-$1,178,291.40
Based on these cuts, new graduation rates for each university was extrapolated based on the findings by Zhang
(a 1 percent increase or decrease in state funding is associated with a 0.064 percent increase or decrease in
graduation rates at that institution). Since the base budgets of 10 out of the 12 universities in Florida were cut,
the graduation rate at each of these universities decreased by 0.064 percent.
The number of seniors currently enrolled at each institution was then compiled based on data from the BOG and
individual institutions. Based on the new graduation rate, a projected number of graduates was ascertained.
Using data from The College Payoff study, college graduates make $24,100 more than their high school
graduates. The current and projected number of graduates was multiplied with their increased salaries
(+$24,100) and a total amount of additional earnings for the college graduates was ascertained. Using the
current graduation rates of all institutions, $1,189,047,005 is generated by students’ higher earnings statewide.
Using the projected number of graduates when Solution 2 is applied, $1,188,125,744.90 is generated by
students’ higher earnings statewide.
When Solution 2 is applied, students statewide make $921,260.10 less in earnings.29 Under this proposal,
students received an additional cost from lower earnings of $587,052.86 in Tier 1 universities and $320,695.81
in Tier 2 universities. However, the state received additional revenue through cuts to universities in the amount
of $13,746,732.98 in Tier 1 and $8,406,764.59 in Tier 2.30
29
30
See Appendix 5
See Appendix 5
20
Change in Student Earnings with Solution 2
Tier 1 Universities
University of Florida (UF)
Florida State University (FSU)
University of South Florida (USF)
Florida International University (FIU)
University of Central Florida (UCF)
$0.00
$0.00
-$241,894.59
-$147,360.90
-$197,797.38
Tier 2 Universities
Florida A&M University (FAMU)
Florida Atlantic University (FAU)
University of West Florida (UWF)
University of North Florida (UNF)
Florida Gulf Coast University (FGCU)
-$45,685.89
-$139,124.48
-$33,362.11
-$56,420.99
-$46,102.34
The net present value (NPV) for Solution 2 was calculated by subtracting the benefits of this Solution from the
costs for all stakeholders. This yields a negative NPV for the Solution 2 in both Tier 1 and Tier 2.
31
Net Present Value for Tier 1, Solution 2
Net Present Value for Tier 2, Solution 231
-$999,454.85
-$565,553.03
See Appendix 3
21
Solution 3, Incentive-based Approach:
Another method to encourage universities to attain this higher graduation rates involves an incentive-based
approach. For universities meeting the state’s goal of 70 percent 6-year graduation rates or higher, state support
could be increase as a reward. In this solution, the base budgets of state universities with 6-year graduation
rates 70 percent or higher were increased by 1 percent. Institutions that received an increase included UF and
FSU. The increase for UF was $6,570,180.40. The increase for FSU was $5,050,804.65. Under this solution,
the base budgets of the other universities were not cut.
Change to Base Budgets with Solution 3
Tier 1 Universities
University of Florida (UF)
Florida State University (FSU)
University of South Florida (USF)
Florida International University (FIU)
University of Central Florida (UCF)
Tier 2 Universities
Florida A&M University (FAMU)
Florida Atlantic University (FAU)
University of West Florida (UWF)
University of North Florida (UNF)
Florida Gulf Coast University (FGCU)
$6,570,180.40
$5,050,804.65
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Based on these increase, new graduation rates for each university were extrapolated based on the findings by
Zhang (a 1 percent increase or decrease in state funding is associated with a 0.064 percent increase or decrease
in graduation rates at that institution). Since the base budgets of 2 out of the 12 universities in Florida were
increased, the graduation rate at UF and FSU increased by 0.064 percent.
The number of seniors currently enrolled at each institution was then compiled based on data from the BOG and
individual institutions. Based on the new graduation rate, a projected number of graduates was ascertained.
Using data from The College Payoff study, college graduates make $24,100 more than their high school
graduates. The current and projected number of graduates was multiplied with their increased salaries
(+$24,100) and a total amount of additional earnings for the college graduates was ascertained. Using the
22
current graduation rates of all institutions, $1,189,047,005 is generated by students’ higher earnings statewide.
Using the projected number of graduates when Solution 3 is applied, $1,189,404,008.90 is generated by
students’ higher earnings statewide. When Solution 3 is applied, students statewide make $357,003.90 more
compared to the status quo.32
Under this proposal, students received a benefit of higher earnings of $357,003.90 in Tier 1 universities. Since
no universities in Tier 2 have graduation rates higher than 70 percent, these universities did not receive a budget
increase or higher graduation rates. Since these rates remained unchanged, higher earnings for students were
not available. In terms of costs, Solution 3 increased the base budgets of UF and FSU thereby costing the state
$11,620,985.04.
Change in Student Earnings with Solution 3
Tier 1 Universities
University of Florida (UF)
Florida State University (FSU)
University of South Florida (USF)
Florida International University (FIU)
University of Central Florida (UCF)
Tier 2 Universities
Florida A&M University (FAMU)
Florida Atlantic University (FAU)
University of West Florida (UWF)
University of North Florida (UNF)
Florida Gulf Coast University (FGCU)
32
See Appendix 6
23
$204,522.24
$170,311.81
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
The net present value (NPV) for Solution 3 was calculated by subtracting the benefits of this solution from the
costs for all stakeholders. This yields a positive NPV for the Solution 3 in Tier 1 and a value of $0.00 in Tier 2.
Tier 2 universities did not experience a cut to their base budgets in Solution 3. Since their base budgets
remained unchanged, their graduation rates and student earnings remained unchanged. If universities in Tier 2
raise their graduation rates, they would be eligible for additional funding from the state.
33
Net Present Value for Tier 1, Solution 3
Net Present Value for Tier 2, Solution 333
$26,204.50
$0.00
See Appendix 3
24
Solution 4, Mixed Approach:
In 2012, presidents at eight of the Florida universities agreed to not increase costs for students if the state
increased funding to higher education by $118 million.34 This “Aim Higher” initiative was not fully accepted
by the Florida Legislature but it does show the willingness of universities to hold costs steady in return for
greater state funding.35 In this solution, a mixed approach was implemented. A 1 percent increase was assessed
to the base budgets of any institution with a graduation rate higher than 70 percent. Institutions that received an
increase included FSU and UF. Additionally, a 1 percent cut was assessed to the base budgets of any institution
with a graduation rate lower than 70 percent.
Change to Base Budgets with Solution 4
Tier 1 Universities
University of Florida (UF)
Florida State University (FSU)
University of South Florida (USF)
Florida International University (FIU)
University of Central Florida (UCF)
$6,570,180.40
$5,050,804.65
-$4,534,010.17
-$4,172,254.04
-$5,040,468.76
Tier 2 Universities
Florida A&M University (FAMU)
Florida Atlantic University (FAU)
University of West Florida (UWF)
University of North Florida (UNF)
Florida Gulf Coast University (FGCU)
-$1,684,749.98
-$2,614,980.03
-$1,216,189.66
-$1,467,696.30
-$1,178,291.40
Based on these increase and decreases, new graduation rates for each university were extrapolated based on the
findings by Zhang (a 1 percent increase or decrease in state funding is associated with a 0.064 percent increase
or decrease in graduation rates at that institution). Graduation rates at UF and FSU increase by 0.064 percent
while graduation rates decreased at all other Florida universities.
34
University presidents would hold the line on tuition if the state would just give them more money. Jim Turner, Sunshine State
News, 12/5/2012.
35
University presidents ask legislators for $118 million investment in higher education. FSU News. 12/5/2012.
25
The number of seniors currently enrolled at each institution was then compiled based on data from the BOG and
individual institutions. Based on the new graduation rate, a projected number of graduates was ascertained.
Using data from The College Payoff study, college graduates make $24,100 more than their high school
graduates. The current and projected number of graduates was multiplied with their increased salaries
(+$24,100) and a total amount of additional earnings for the college graduates was ascertained. Using the
current graduation rates of all institutions, $1,189,047,005 is generated by students’ higher earnings statewide.
Using the projected number of graduates when Solution 4 is applied, $1,188,482,748.81 is generated by
students’ higher earnings statewide. When Solution 4 is applied, students statewide make $564,256.19 less
compared to the status quo.36 Under this proposal, students received a cost of lower earnings in the amount of
$212,218.82 at Tier 1 universities and $320,695.81 at Tier 2 universities. In terms of benefits, Solution 4
resulted in increased revenue for the state in the amount of $8,161,907.37 due to cuts from universities with
graduation rates below 70 percent.
36
See Appendix 7
26
Change in Student Earnings with Solution 4
Tier 1 Universities
University of Florida (UF)
Florida State University (FSU)
University of South Florida (USF)
Florida International University (FIU)
University of Central Florida (UCF)
$204,522.24
$170,311.81
-$241,894.59
-$147,360.90
-$197,797.38
Tier 2 Universities
Florida A&M University (FAMU)
Florida Atlantic University (FAU)
University of West Florida (UWF)
University of North Florida (UNF)
Florida Gulf Coast University (FGCU)
-$45,685.89
-$139,124.48
-$33,362.11
-$56,420.99
-$46,102.34
The net present value (NPV) for Solution 4 was calculated by subtracting the benefits of this solution from the
costs for all stakeholders. This yields a negative NPV for the Solution 4 in both Tier 1 and Tier 2.
37
Net Present Value for Tier 1, Solution 4
Net Present Value for Tier 2, Solution 437
-$275,991.25
-$565,553.03
See Appendix 3
27
Strategic recommendations:
States throughout the nation were forced to reexamine their funding structures for institutions of higher
education. The scarcity of state financial resources and demands for enhanced accountability will further
promote the use of performance-based metrics when assessing the effectiveness of institutions of higher
education. While the status quo limits state expenditure for higher education, the shortage of universities with
graduation rates above 70 percent results in fewer students completing their undergraduate education and costs
student statewide significantly through lower yearly and lifetime earnings.
The memorandum assesses three performance-based methods of state appropriations for universities. Solution
2 cut base budgets by 1 percent for universities with graduation rates of 70 percent or lower as a punitive-based
approach. Solution 3 increased base budgets by 1 percent for universities with graduation rates of 70 percent or
higher as an incentive-based approach. Solution 4 presented a combined punitive and incentive-based approach
by cutting the base budgets by 1 percent for universities with graduation rates of 70 percent or lower and
increasing the base budgets by 1 percent for universities with graduation rates of 70 percent or higher.
While Solution 2 provides the state with additional revenue by cutting universities that have graduation rates
lower than 70 percent, graduation rates at universities are further lowered and students are negatively affected
through lost earnings. The mixed approach in Solution 4 offers rewards for universities with already high
graduation rates and punishes universities with low graduation rates. While universities with high graduation
rates (UF and FSU) benefit from this approach, costs to students and other universities (especially in Tier 2) are
negatively affected through lower earnings and lower graduation rates.
Analytically, an incentive-based approach as outlined by Solution 3 yields the most benefits for students,
universities, and the state. Through this approach, universities with high graduation rates are rewarded for their
efforts and continue to raise their graduation rates with additional funding from the state. Universities with
lower graduation rates (below 70 percent) are not cut and maintain their graduation rates. With the promise of
28
incentives such as a 1 percent increase to their base budgets, universities with lower graduation rates are
encouraged to find methods of raising their graduation rates. As graduation rates rise, more students complete
their undergraduate education and are able to realize the higher earnings that accompany a baccalaureate degree.
The problem presented in this memorandum is: The graduation rate for students at most Florida universities is
too low and students are not fully able to participate in the Florida economy. By implementing Solution 3,
graduation rates rise at high performing universities and more graduates are able to increase their earning
potential. Additionally, graduation rates at lower performing universities are stable with the goal of improving
their graduation rates through an incentive-based approach to state appropriations.
The status quo, Solution 2, and Solution 4 all negatively impact students and the state’s goal of raising 6-year
graduation rates throughout the state. Additionally, the status quo, Solution 2, and Solution 4 yield negative net
present values. Solution 3 in the only solution to yield a positive net present value which increases graduation
rates at Florida universities and positively impacts student populations statewide.
Enhanced Support Services:
While many factors can influence graduation rates at institutions of higher education, enhanced student support
services are critical to student success. In light of dwindling state support, institutions have been forced to find
new and innovative ways at engaging students and supporting their academic pursuits. While these approaches
can yield some support services for students, traditional services cost institutions money in the form of salaries
for advisors or program to assist students in learning about academic services.
Institutions recognize the value of the academic support services and have tailored fundraising initiatives around
providing these services to students. This process has already begun at universities in Florida. Florida State is
currently undertaking a $1 billion fundraising campaign to support the university and its efforts to become a
top-25 public university as ranked by U.S. News. The “Big Ideas” campaign includes many projects that enrich
29
the student experience on campus and provide students with added resources to assist in their academic pursuits.
These projects include an Honors, Scholars, and Fellows house on campus which provides academic support
services to students in the honors program, increased faculty support funding, increased scholarships for
students, enhanced undergraduate research opportunities, and programs that help cultivate students early in their
coursework through assistance in applying for national awards.38
Recognition of the importance of these services and the impact they provide to student population demonstrates
how additional funding can be spent on student support services and improve graduation rates. As shown by
Sullivan, institutions that devote additional resources to academic support services are more likely to be
classified as “highly effective institutions” by the US Department of Education.
In a study of the levels and patterns of spending at twenty highly effective institutions involved in Indiana
University’s Documenting Effective Educational Practices (DEEP) project, for example, the National Center
for Higher Education Management Systems found that these highly effective institutions “spent a noticeably
higher proportion of their available dollars on ‘academic support,’ a category in [the Department of
Education’s Integrated Postsecondary Education Data System] under which most institutions report resources
dedicated to such things as faculty development, teaching and learning centers, and academic support staff
such as tutors and counselors.39
Similarly, research done at the Cornell Higher Education Research Institute found that student service
expenditures influence graduation and persistence rates especially for students at institutions with lower
entrance test scores and higher Pell Grant expenditures per student, and currently lower graduation rates.40 The
Cornell study supports the argument that improvements to graduation rates at institutions of higher education is
more effectively achieved through an approach of rewarding institutions for their successes rather than
punishing institutions which do not meet specified metrics.
In the case of Florida universities, only FSU and UF have 6-year graduation rates above 70 percent. Using the
Cornell study’s assertion that added funding for student services has a larger impact at institutions with
38
An Introduction to the Big Ideas. Florida State University, 2014.
The Hidden Costs of Low Four-Year Graduation Rates. Sullivan, 2010.
40
Do Expenditures Other Than Instructional Expenditures Affect Graduation and Persistence Rates in American Higher Education?
Webber and Ehrenberg, 2009.
39
30
currently lower graduation rates, Florida’s institutions could benefit greatly in meeting the Florida Legislature’s
desire for higher graduation rates if their funding is not cut due to lower performance.
Weaknesses and limitations:
While changing funding levels for universities is one factor that influences graduation rates for students, many
other factors can influence a student’s completion of a bachelor’s degree. While the findings of Blose et al,
Ryan, and Zhang all link increases or decreases to state appropriations as a driver of graduation rates, all also
concede that other factors such as financial pressures from higher tuition costs can influence graduation rates of
students. As stated by Zhang, the financial pressure caused by high tuition could lead to high rates of drop-out
or stop-out, both resulting in low graduation rates.41 Additionally, the heterogeneity of student populations or
the types of students served by universities could affect graduation rates. For example, Florida A&M
University (FAMU) is the nation’s largest HBCU (historically black college and university) and the only public
HBCU in Florida. According to the US Department of Education, graduation rates for African American
students averages 20.5 percent nationwide as opposed to 42.6 percent for white students.42 Universities in
South Florida such as Florida International University (FIU) and Florida Atlantic University (FAU) serve
significantly large Hispanic populations. Large minority populations could be a stronger influence on the
university’s graduation rate as opposed to its level of state funding.
Additionally, three of the policy solutions recommend keeping state allocations flat for universities that do not
show improvement in their graduation rates. Solution 2 recommends keeping state appropriations flat of
universities achieving a high graduation rate and further cutting universities that do not meet the threshold of 70
percent. While flat appropriations may not directly cut funding to a university, the absence of a funding
increase to address force such as inflation or student population growth could be considered a cut. If the state
41
Zhang, p. 720
Graduation rates of first-time, full-time bachelor's degree-seeking students at 4-year postsecondary institutions, by race/ethnicity,
time to completion, sex, and control of institution: Selected cohort entry years, 1996 through 2006. National Center for Education
Statistics. 2012.
42
31
does not fund these yearly increases the university must find funding within their already existing allocation to
address those forces. This cut could limit the funding available for student support services which contributes
further negative pressure on graduation rates.
When extrapolating the effect performance-based funding models will have on Florida’s university system, a
potential weakness arises. Under the proposed performance based funding model, the University of Florida and
Florida State University will receive substantial new funding from the state. These increases are in addition to
$15 million in base funding increases that FSU and UF receive due to their “preeminent” status as outlined by
the Florida Legislature. Florida State University and the University of Florida are also the only two schools
with statewide missions. Every other university in the state has regional focus or a distinct mission. This could
potentially narrow the focus of policymakers to cater to the needs of large, statewide universities leaving
smaller, regional universities marginalized.
Large institutions, such as FSU and UF, may advocate for a performance-based funding models under which
they excel. Policymakers must use a broad array of metrics to judge the success of a university. While
policymakers can have broad goals for their systems of higher education, the yardstick used to measure
institutions must reflect the unique missions of each university. Simply focusing on one metric or a few metrics
may not fully reflect the success of the institution. Performance-based metrics must take various considerations
into account. The needs/desires of policymakers must be addressed but those goals must be balanced with the
dynamics of each individual missions of institutions.
32
Conclusion:
As stated previously, policymakers faced with limited government revenue have required greater accountability
of universities and other institutions of higher education. Universities must continually strive to justify the
appropriations they receive from the state. The application of performance-based funding models forces
universities to confront long-standing problems such as low graduation rates. In Florida, policymakers have
highlighted higher graduation rates as a metrics by which to assess performance of a university. Higher
graduation rates yield more college graduates who have a higher earning potential over the course of their
lifetimes. While tying levels of university funding to performance, an incentive-based approach which rewards
universities for high performance is more effective at reaching the goals outlined by policymakers. A punitivebased approach which punishes universities for not reaching certain metrics may exacerbate the problems the
universities face.
As shown in this memorandum, decreasing state appropriations for universities in Florida with a graduation rate
of 70 percent or lower only worsens the university’s graduation rate. An incentive-based approach which
rewards universities for high graduation rates (as outlined in Solution 3) assists the university in serving the
goals outlined by the state. Additionally, lower performing universities are presented with an incentive of
higher funding if they work to increase the number of students who complete a baccalaureate degree. Through
the cost-benefit analysis, the incentive-based approach model best serves the goals of the state, students, and
universities.
33
Appendix:
Appendix 1: Glossary of abbreviations
BOG: Board of Governors
IPEADS: Integrated Postsecondary Education Data System
SUS: State University System (of Florida)
Universities:
FAMU: Florida A&M University
FAU: Florida Atlantic University
FGCU: Florida Gulf Coast University
FIU: Florida International University
FPU: Florida Polytechnic University
FSU: Florida State University
UCF: University of Central Florida
UF: University of Florida
UNF: University of North Florida
USF: University of South Florida
UWF: University of West Florida
34
Appendix 2: SB 1076: An act relating to K-20 education (2013):
35
36
37
Appendix 3: Cost-Benefit Analysis, Tier 1 and Tier 2:
Tier 1:
Benefits
Costs
Stakeholders
Students
State budgets
Universities
Stakeholders
Students
State budgets
Universities
Net Present Value, Tier 1
Status Quo
Solution 2
Solution 3
-$92,429,043.00
$0.00
$374,834.05
$0.00
$13,746,732.98
$0.00
$0.00
$0.00
$11,620,985.04
Status Quo
Solution 2
Solution 3
-$587,052.86
$0.00
$0.00
$0.00
$0.00
-$11,969,614.60
$0.00
-$14,159,134.96
$0.00
Solution 4
Status Quo
Solution 2
Solution 3
-$92,429,043.00
-$999,454.85
$26,204.50
Solution 4
-$275,991.25
Status Quo
Solution 2
Solution 3
-$140,783,765.00
$0.00
$0.00
$8,161,907.37
$0.00
$0.00
Status Quo
Solution 2
Solution 3
$0.00
-$320,695.81
$0.00
$0.00
$0.00
-$8,406,764.59
Solution 4
$0.00
$2,125,747.93
$0.00
Solution 4
-$212,218.82
$0.00
-$2,189,520.37
Tier 2:
Stakeholders
Benefits Students
State budgets
Universities
Stakeholders
Students
Costs
State budgets
Universities
Net Present Value, Tier 2
Status Quo
Solution 2
Solution 3
-$140,783,765.00
-$565,553.03
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$8,161,907.37
$0.00
Solution 4
-$320,695.81
$0.00
-$8,406,764.59
Solution 4
-$565,553.03
Benefits to each stakeholder were calculated adding the total impact each solution had on the group. For
example, the benefits/costs to students were calculated by adding the additional earnings students received at all
universities in their respective tiers when each solution was implemented. The benefits/costs to state budgets
were calculated by adding the increases or decreases to the base budgets for universities in their respective tiers
when each solution was implemented.
38
Additionally, the benefits/costs to universities were calculated by adding the increases or decreases to the base
budgets for universities in their respective tiers when each solution was implemented. In the case universities, a
3 percent administration fee was assessed to cuts to account for potential costs associated with the transfer of
those funds back to state budgets.
39
Appendix 4: Statistical Inputs-Status Quo, Tier 1 and Tier 2
Tier 1, Status Quo
STATISTIC
University Base
Budgets
6-year graduation rates
Additional funding
needed to reach 70
percent graduation rates
Number of seniors
VALUE
UF: $657,018,039.69
FSU: $505,080,464.70
USF: $453,401,017.43
FIU: $417,225,404.33
UCF: $504,046,875.76
UF: 86 percent
FSU: 76 percent
USF: 61 percent
FIU: 50 percent
UCF: 66 percent
UF: $0.00
FSU: $0.00
USF: $637,595,180.76
FIU: $1,303,829,388.54
UCF: $315,029,297.35
UF: 13260
FSU: 11042
USF: 15683
FIU: 9554*
UCF: 12824*
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for
each university]
UF: 19.07% of total
FSU: 14.66% of total
USF: 13.16% of total
FIU: 12.11% of total
UCF: 14.63% of total
*Data taken directly from
“Annual Accountability
Report 2012-2013”
[Additional percentage
needed to reach 70
percent/0.064 percent] x [1
percent of base budget]
Example:
USF
[9 percent/0.064 percent] x
[$453,401,017.43 x 1
percent] = $637,595,180.76
*In cases where the number
of seniors was not provided
by the institution, the
number of seniors was
extrapolated based on their
share of the total student
population. On average,
seniors made up 25 percent
of the total student
population at Florida
universities.
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-UF: “Final Headcount Enrollment
by Class Level (1989-2013)”.
Office of Institutional Planning
and Research- UF Factbook.
Gainesville, FL 2013.
-FSU: “Headcount EnrollmentFall Semesters”. Office of
Institutional Research –FSU
Factbook. Tallahassee, FL 2013
-USF: “Student Headcount- Fall
2013”. University of South
Florida, Info Center. Tampa, FL
2013.
-FIU: “Historical Fall Headcount
by Student Level”. Florida
International University, Factbook.
Miami, FL 2013.
40
Number of graduates
Projected graduation
rate
Projected number of
graduates
Actual money per
graduate
Potential Earnings Actual Earnings
UF: 11404
FSU: 8392
USF: 9567
FIU: 4777
UCF: 8464
UF: 86 percent
FSU: 76 percent
USF: 70 percent
FIU: 70 percent
UCF: 70 percent
UF: 11404
FSU: 8392
USF: 10978
FIU: 6688
UCF: 8977
UF: $274,826,760.00
FSU: $202,245,272.00
USF: $230,555,783.00
FIU: $115,125,700.00
UCF: $203,978,544.00
UF: $0.00
FSU: $0.00
USF: $34,016,427.00
FIU: $46,050,280.00
UCF: $12,362,336.00
[Number of seniors] x
[Each university’s 6-year
graduation rate]
Example:
USF
[15683] x [61 percent] =
9567
[University’s graduation
rate] + [percent needed to
reach 70 percent]
Example:
USF
[61 percent] + [9 percent] =
70 percent
[Number of seniors] x
[Projected graduation rate
policy solution applied]
Example:
USF
[15683] x [70 percent] =
10978
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
Example:
USF
[$24,100] x [9567] =
$230,555,783.00
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
Example:
USF
[$264,572,210.00] –
[$230,555,783.00] =
$34,016,427.00
41
-UCF: “2013-2014 Enrollment”.
University of Central Florida,
Institutional Knowledge
Management. Orlando, FL 2013
-See above
-See above
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
Tier 2, Status Quo:
STATISTIC
University Base
Budgets
6-year graduation rates
Additional funding
needed to reach 70
percent graduation rates
Number of seniors
VALUE
FAMU: $168,474,998.12
FAU: $261,498,003.21
UWF: $121,618,965.92
UNF: $146,769,630.26
FGCU: $117,829,139.79
FAMU: 39 percent
FAU: 40 percent
UWF: 42 percent
UNF: 48 percent
FGCU: 43 percent
FAMU: $816,050,772.13
FAU: $1,225,771,890.05
UWF: $532,082,975.90
UNF: $504,520,604.02
FGCU: $497,091,683.48
FAMU: 2962*
FAU: 9020
UWF: 2163
UNF: 3658*
FGCU: 2989
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for
each university]
FAMU: 4.89% of total
FAU: 7.59% of total
UWF: 3.53% of total
UNF: 4.26% of total
FGCU: 3.42% of total
*Data taken directly from
“Annual Accountability
Report 2012-2013”
[Additional percentage
needed to reach 70
percent/0.064 percent] x [1
percent of base budget]
Example:
UWF:
[28 percent/0.064 percent]
x [$121,618,965.92 x 1
percent] = $532,082,975.90
*In cases where the number
of seniors was not provided
by the institution, the
number of seniors was
extrapolated based on their
share of the total student
population. On average,
seniors made up 25 percent
of the total student
population at Florida
universities.
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-FAMU: “Demographics, 20082009 (entering year of 6-year
cohort)”. Florida A&M
University, Overview. Tallahassee,
FL 2013.
-FAU: “Headcount Enrollment by
Level & Gender”. Florida Atlantic
University, Factbook. Boca Raton,
FL 2013.
-UWF: “Enrollment by
Race/Ethnicity - Ethnicity by
Gender, Level, and Load”.
Institutional Research and
Effectiveness Support. University
of West Florida, Factbook.
Pensacola, FL 2013.
-UNF: “Fall Student Headcount by
Student Level”. University of
North Florida, Factbook.
Jacksonville, FL 2013
42
-FGCU: “Headcount Enrolled by
Class, Fall Terms”. Florida Gulf
Coast University, Board of
Trustees Quarterly Report. Fort
Myers, FL 2012.
Number of graduates
Projected graduation
rate
Projected number of
graduates
Actual money per
graduate
Potential Earnings Actual Earnings
FAMU: 1155
FAU: 3608
UWF: 952
UNF: 1756
FGCU: 1285
FAMU: 70 percent
FAU: 70 percent
UWF: 70 percent
UNF: 70 percent
FGCU: 70 percent
FAMU: 2073
FAU: 6314
UWF: 1514
UNF: 2561
FGCU: 2092
FAMU: $27,839,838.00
FAU: $86,952,800.00
UWF: $21,893,886.00
UNF: $42,315,744.00
FGCU: $30,975,007.00
FAMU: $22,129,102.00
FAU: $65,214,600.00
UWF: $14,595,924.00
UNF: $19,394,716.00
FGCU: $19,449,423.00
[Number of seniors] x
[Each university’s 6-year
graduation rate]
Example:
UWF
[2163] x [42 percent] = 908
[University’s graduation
rate] + [percent needed to
reach 70 percent]
Example:
UWF
[42 percent] + [28 percent]
= 70 percent
[Number of seniors] x
[Projected graduation rate
policy solution applied]
Example:
UWF
[2163] x [70 percent] =
1514
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
Example:
UWF
[$24,100] x [908] =
$21,893,886.00
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
Example:
UWF
[$36,489,810.00] –
[$21,893,886.00]
] = $14,595,924.00
43
-See above
-See above
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
Status Quo Calculations:
School
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Total
School
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Total
44
Percent of Total
Base Budgets
6-year Graduation Rates Graduation rate increase needed to 70% Additional funding needed to reach 70%
19.07% $657,018,039.69
14.66% $505,080,464.70
4.89% $168,474,998.12
7.59% $261,498,003.21
3.53% $121,618,965.92
13.16% $453,401,017.43
4.26% $146,769,630.26
12.11% $417,225,404.33
3.42% $117,829,139.79
14.63% $504,046,875.76
1.02%
$35,142,024.15
98.34% $3,445,296,485.00
*does not equal
100% because
New College of
Florida and
Florida
Polytechic
University
removed
86.00%
76.00%
39.00%
40.00%
42.00%
61.00%
48.00%
50.00%
43.00%
66.00%
0.00%
0.00%
31.00%
30.00%
28.00%
9.00%
22.00%
20.00%
27.00%
4.00%
New Base
$0.00 $657,018,039.69
$0.00 $505,080,464.70
$816,050,772.13 $984,525,770.24
$1,225,771,890.05 $1,487,269,893.27
$532,082,975.90 $653,701,941.82
$637,595,180.76 $1,090,996,198.18
$504,520,604.02 $651,290,234.28
$1,303,829,388.54 $1,721,054,792.88
$497,091,683.48 $614,920,823.26
$315,029,297.35 $819,076,173.10
New projected graduation rate
86.00%
76.00%
70.000%
70.000%
70.000%
70.000%
70.000%
70.000%
70.000%
70.000%
$5,831,971,792.23
Number of seniors Number of graduates Projected number graduates Actual money per graduate Additional money made by graduates Potential Earnings - Actual Earnings
13260
11042
2962
9020
2163
15683
3658
9554
2989
12824
11404
8392
1155
3608
908
9567
1756
4777
1285
8464
11404
8392
2073
6314
1514
10978
2561
6688
2092
8977
$274,826,760.00
$202,245,272.00
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$274,826,760.00
$202,245,272.00
$49,968,940.00
$152,167,400.00
$36,489,810.00
$264,572,210.00
$61,710,460.00
$161,175,980.00
$50,424,430.00
$216,340,880.00
$0.00
$0.00
$22,129,102.00
$65,214,600.00
$14,595,924.00
$34,016,427.00
$19,394,716.00
$46,050,280.00
$19,449,423.00
$12,362,336.00
51316
60993
$1,236,709,334.00
$1,469,922,142.00
$233,212,808.00
Appendix 5: Statistical Inputs-Solution 2, Tier 1 and Tier 2
Tier 1, Solution 2
STATISTIC
University Base Budgets
6-year graduation rates
Application of Solution 2
on base budgets
Number of seniors
VALUE
UF: $657,018,039.69
FSU: $505,080,464.70
USF: $453,401,017.43
FIU: $417,225,404.33
UCF: $504,046,875.76
UF: 86 percent
FSU: 76 percent
USF: 61 percent
FIU: 50 percent
UCF: 66 percent
UF: $0.00*
FSU: $0.00*
USF: -$4,534,010.17
FIU: -$4,172,254.04
UCF: -$5,040,468.76
UF: 13260
FSU: 11042
USF: 15683
FIU: 9554*
UCF: 12824*
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for each
university]
UF: 19.07% of total
FSU: 14.66% of total
USF: 13.16% of total
FIU: 12.11% of total
UCF: 14.63% of total
*Data taken directly from
“Annual Accountability
Report 2012-2013”
[1 percent of base budget] x 1
*UF and FSU did not receive
a cut to their base budget
because their graduation rate
is higher than 70 percent.
Example:
USF
([$453,401,017.43] x [1
percent]) x -1 =
-$4,534,010.17
*In cases where the number
of seniors was not provided
by the institution, the number
of seniors was extrapolated
based on their share of the
total student population. On
average, seniors made up 25
percent of the total student
population at Florida
universities.
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-UF: “Final Headcount Enrollment
by Class Level (1989-2013)”. Office
of Institutional Planning and
Research- UF Factbook.
Gainesville, FL 2013.
-FSU: “Headcount Enrollment- Fall
Semesters”. Office of Institutional
Research –FSU Factbook.
Tallahassee, FL 2013
-USF: “Student Headcount- Fall
2013”. University of South Florida,
Info Center. Tampa, FL 2013.
-FIU: “Historical Fall Headcount by
Student Level”. Florida
International University, Factbook.
Miami, FL 2013.
-UCF: “2013-2014 Enrollment”.
45
Number of graduates
Projected graduation rate
Projected number of
graduates
Actual money per
graduate
Potential Earnings Actual Earnings
UF: 11404
FSU: 8392
USF: 9567
FIU: 4777
UCF: 8464
UF: 86.00 percent
FSU: 76.00 percent
USF: 60.936 percent
FIU: 49.936 percent
UCF: 65.936 percent
UF: 11404
FSU: 8392
USF: 9557
FIU: 4771
UCF: 8456
UF: $274,826,760.00
FSU: $202,245,272.00
USF: $230,555,783.00
FIU: $115,125,700.00
UCF: $203,978,544.00
UF: $0.00
FSU: $0.00
USF: -$241,894.59
FIU: -$147,360.90
UCF: -$197,797.38
[Number of seniors] x [Each
university’s 6-year
graduation rate]
Example:
USF
[15683] x [61 percent] =
9567
[University’s graduation
rate] – [0.064 percent]
*UF and FSU did not receive
a cut therefore their
graduation rates remained
unchanged.
Example:
USF
[61 percent] + [0.064
percent] = 60.936 percent
[Number of seniors] x [Each
university’s graduation rate
when each policy solution
applied]
Example:
USF
[15683] x [60.936 percent] =
9557
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
Example:
USF
[$24,100] x [9567] =
$230,555,783.00
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
Example:
USF
[$230,313,888.41] –
[$230,555,783.00] =
-$241,894.59
Tier 2, Solution 2:
46
University of Central Florida,
Institutional Knowledge
Management. Orlando, FL 2013
-See above
-See above
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown University.
Washington D.C. 2011.
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown University.
Washington D.C. 2011.
STATISTIC
University Base
Budgets
6-year graduation rates
Application of Solution
2 on base budgets
Number of seniors
VALUE
FAMU: $168,474,998.12
FAU: $261,498,003.21
UWF: $121,618,965.92
UNF: $146,769,630.26
FGCU: $117,829,139.79
FAMU: 39 percent
FAU: 40 percent
UWF: 42 percent
UNF: 48 percent
FGCU: 43 percent
FAMU: -$1,684,749.98
FAU: -$2,614,980.03
UWF: -$1,216,189.66
UNF: -$1,467,696.30
FGCU: -$1,178,291.40
FAMU: 2962*
FAU: 9020
UWF: 2163
UNF: 3658*
FGCU: 2989
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for
each university]
FAMU: 4.89% of total
FAU: 7.59% of total
UWF: 3.53% of total
UNF: 4.26% of total
FGCU: 3.42% of total
*Data taken directly from
“Annual Accountability
Report 2012-2013”
[1 percent of base budget] x
-1
Example:
UWF
([$121,618,965.92] x [1
percent]) x -1 =
-$1,216,189.66
*In cases where the number
of seniors was not provided
by the institution, the
number of seniors was
extrapolated based on their
share of the total student
population. On average,
seniors made up 25 percent
of the total student
population at Florida
universities.
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-FAMU: “Demographics, 20082009 (entering year of 6-year
cohort)”. Florida A&M
University, Overview. Tallahassee,
FL 2013.
-FAU: “Headcount Enrollment by
Level & Gender”. Florida Atlantic
University, Factbook. Boca Raton,
FL 2013.
-UWF: “Enrollment by
Race/Ethnicity - Ethnicity by
Gender, Level, and Load”.
Institutional Research and
Effectiveness Support. University
of West Florida, Factbook.
Pensacola, FL 2013.
-UNF: “Fall Student Headcount by
Student Level”. University of
North Florida, Factbook.
Jacksonville, FL 2013
-FGCU: “Headcount Enrolled by
Class, Fall Terms”. Florida Gulf
47
Coast University, Board of
Trustees Quarterly Report. Fort
Myers, FL 2012.
Number of graduates
Projected graduation
rate
Projected number of
graduates
Actual money per
graduate
Potential Earnings Actual Earnings
FAMU: 1155
FAU: 3608
UWF: 952
UNF: 1756
FGCU: 1285
FAMU: 38.936 percent
FAU: 39.936 percent
UWF: 41.936 percent
UNF: 47.936 percent
FGCU: 42.936 percent
FAMU: 1153
FAU: 3602
UWF: 907
UNF: 1753
FGCU: 1283
FAMU: $27,839,838.00
FAU: $86,952,800.00
UWF: $21,893,886.00
UNF: $42,315,744.00
FGCU: $30,975,007.00
FAMU: -$45,685.89
FAU: -$139,124.48
UWF: -$33,362.11
UNF: -$56,420.99
FGCU: -$46,102.34
[Number of seniors] x
[Each university’s 6-year
graduation rate]
Example:
UWF
[2163] x [42 percent] = 908
[University’s graduation
rate] – [0.064 percent]
Example:
UWF
[42 percent] - [0.064
percent] = 41.936 percent
[Number of seniors] x
[Each university’s
graduation rate when each
policy solution applied]
Example:
UWF
[2163] x [41.936 percent] =
907
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
UWF
[$24,100] x [908] =
$21,893,886.00
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
Example:
UWF
[$21,860,523.89] –
[$21,893,886.00] =
-$33,362.11
48
-See above
-See above
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
49
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Total
Total
19.07% $657,018,039.69
14.66% $505,080,464.70
4.89% $168,474,998.12
7.59% $261,498,003.21
3.53% $121,618,965.92
13.16% $453,401,017.43
4.26% $146,769,630.26
12.11% $417,225,404.33
3.42% $117,829,139.79
14.63% $504,046,875.76
1.02% $35,142,024.15
98.34% $3,445,296,485.00
*does not equal
100% because
New College of
Florida and
Florida
Polytechic
University
removed
School Percent of Total
86.00%
76.00%
39.00%
40.00%
42.00%
61.00%
48.00%
50.00%
43.00%
66.00%
6-year Graduation Rates
$657,018,039.69
$505,080,464.70
$166,790,248.14
$258,883,023.18
$120,402,776.26
$448,867,007.25
$145,301,933.96
$413,053,150.29
$116,650,848.39
$499,006,407.00
New Base
-$21,908,640.35 $3,331,053,898.85
$0.00
$0.00
-$1,684,749.98
-$2,614,980.03
-$1,216,189.66
-$4,534,010.17
-$1,467,696.30
-$4,172,254.04
-$1,178,291.40
-$5,040,468.76
Solution 2
86.00%
76.00%
38.936%
39.936%
41.936%
60.936%
47.936%
49.936%
42.936%
65.936%
83155
13260
11042
2962
9020
2163
15683
3658
9554
2989
12824
51316
11404
8392
1155
3608
908
9567
1756
4777
1285
8464
51278
11404
8392
1153
3602
907
9557
1753
4771
1283
8456
$1,236,709,334.00
$274,826,760.00
$202,245,272.00
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$1,235,801,585.33
$274,826,760.00
$202,245,272.00
$27,794,152.11
$86,813,675.52
$21,860,523.89
$230,313,888.41
$42,259,323.01
$114,978,339.10
$30,928,904.66
$203,780,746.62
-$907,748.67
$0.00
$0.00
-$45,685.89
-$139,124.48
-$33,362.11
-$241,894.59
-$56,420.99
-$147,360.90
-$46,102.34
-$197,797.38
New projected graduation rate Number of seniors Number of graduates Projected number graduates Actual money per graduate Additional money made by graduates Potential Earnings - Actual Earnings
Solution 2 Calculations:
Appendix 6: Statistical Inputs-Solution 3, Tier 1 and Tier 2
Tier 1, Solution 3
STATISTIC
University Base Budgets
6-year graduation rates
Application of Solution 3
on base budgets
Number of seniors
VALUE
UF: $657,018,039.69
FSU: $505,080,464.70
USF: $453,401,017.43
FIU: $417,225,404.33
UCF: $504,046,875.76
UF: 86 percent
FSU: 76 percent
USF: 61 percent
FIU: 50 percent
UCF: 66 percent
UF: $6,570,180.40
FSU: $5,050,804.65
USF: $0.00*
FIU: $0.00*
UCF: $0.00*
UF: 13260
FSU: 11042
USF: 15683
FIU: 9554*
UCF: 12824*
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for each
university]
UF: 19.07% of total
FSU: 14.66% of total
USF: 13.16% of total
FIU: 12.11% of total
UCF: 14.63% of total
*Data taken directly from
“Annual Accountability
Report 2012-2013”
[1 percent of base budget]
*USF, FIU, and UCF did not
receive an increase to their
base budget because their
graduation rate is below 70
percent.
Example:
FSU
[$505,080,464.70] x [1
percent] = $5,050,804.65
*In cases where the number
of seniors was not provided
by the institution, the number
of seniors was extrapolated
based on their share of the
total student population. On
average, seniors made up 25
percent of the total student
population at Florida
universities.
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-UF: “Final Headcount Enrollment
by Class Level (1989-2013)”. Office
of Institutional Planning and
Research- UF Factbook.
Gainesville, FL 2013.
-FSU: “Headcount Enrollment- Fall
Semesters”. Office of Institutional
Research –FSU Factbook.
Tallahassee, FL 2013
-USF: “Student Headcount- Fall
2013”. University of South Florida,
Info Center. Tampa, FL 2013.
-FIU: “Historical Fall Headcount by
Student Level”. Florida
International University, Factbook.
Miami, FL 2013.
-UCF: “2013-2014 Enrollment”.
University of Central Florida,
Institutional Knowledge
50
Number of graduates
Projected graduation rate
Projected number of
graduates
Actual money per
graduate
Potential Earnings Actual Earnings
UF: 11404
FSU: 8392
USF: 9567
FIU: 4777
UCF: 8464
UF: 86.064 percent
FSU: 76.064 percent
USF: 61 percent
FIU: 50 percent
UCF: 66 percent
UF: 11412
FSU: 8399
USF: 9567
FIU: 4777
UCF: 8464
UF: $274,826,760.00
FSU: $202,245,272.00
USF: $230,555,783.00
FIU: $115,125,700.00
UCF: $203,978,544.00
UF: $204,522.24
FSU: $170,311.81
USF: $0.00
FIU: $0.00
UCF: $0.00
[Number of seniors] x [Each
university’s 6-year
graduation rate]
*USF, FIU, and UCF did not
receive an increase to their
graduation rate because they
did not receive additional
funding.
Example:
FSU
[11042] x [76 percent] =
8392
[University’s graduation
rate] + [0.064 percent]
Example:
FSU
[76 percent] + [0.064
percent] = 76.064 percent
[Number of seniors] x [Each
university’s graduation rate
when each policy solution
applied]
Example:
FSU
[11042] x [76.064 percent] =
8399
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
Example:
USF
[$24,100] x [9567] =
$230,555,783.00
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
Example:
FSU
[$202,415,583.81] –
[$202,245,272.00] =
$170,311.81
51
Management. Orlando, FL 2013
-See above
-See above
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown University.
Washington D.C. 2011.
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown University.
Washington D.C. 2011.
Tier 2, Solution 3
STATISTIC
University Base
Budgets
6-year graduation rates
Application of Solution
3 on base budgets
Number of seniors
VALUE
FAMU: $168,474,998.12
FAU: $261,498,003.21
UWF: $121,618,965.92
UNF: $146,769,630.26
FGCU: $117,829,139.79
FAMU: 39 percent
FAU: 40 percent
UWF: 42 percent
UNF: 48 percent
FGCU: 43 percent
FAMU: $0.00*
FAU: $0.00*
UWF: $0.00*
UNF: $0.00*
FGCU: $0.00*
FAMU: 2962*
FAU: 9020
UWF: 2163
UNF: 3658*
FGCU: 2989
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for
each university]
FAMU: 4.89% of total
FAU: 7.59% of total
UWF: 3.53% of total
UNF: 4.26% of total
FGCU: 3.42% of total
*Data taken directly from
“Annual Accountability
Report 2012-2013”
[1 percent of base budget]
*No Tier 2 universities
received an increase to their
base budget because their
graduation rates are below
70 percent.
*In cases where the number
of seniors was not provided
by the institution, the
number of seniors was
extrapolated based on their
share of the total student
population. On average,
seniors made up 25 percent
of the total student
population at Florida
universities.
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-FAMU: “Demographics, 20082009 (entering year of 6-year
cohort)”. Florida A&M
University, Overview. Tallahassee,
FL 2013.
-FAU: “Headcount Enrollment by
Level & Gender”. Florida Atlantic
University, Factbook. Boca Raton,
FL 2013.
-UWF: “Enrollment by
Race/Ethnicity - Ethnicity by
Gender, Level, and Load”.
Institutional Research and
Effectiveness Support. University
of West Florida, Factbook.
Pensacola, FL 2013.
-UNF: “Fall Student Headcount by
Student Level”. University of
North Florida, Factbook.
Jacksonville, FL 2013
52
-FGCU: “Headcount Enrolled by
Class, Fall Terms”. Florida Gulf
Coast University, Board of
Trustees Quarterly Report. Fort
Myers, FL 2012.
Number of graduates
Projected number of
graduates
Actual money per
graduate
Potential Earnings Actual Earnings
FAMU: 1155
FAU: 3608
UWF: 952
UNF: 1756
FGCU: 1285
FAMU: 1155
FAU: 3608
UWF: 952
UNF: 1756
FGCU: 1285
FAMU: $27,839,838.00
FAU: $86,952,800.00
UWF: $21,893,886.00
UNF: $42,315,744.00
FGCU: $30,975,007.00
FAMU: $0.00*
FAU: $0.00*
UWF: $0.00*
UNF: $0.00*
FGCU: $0.00*
[Number of seniors] x
[Each university’s 6-year
graduation rate]
Example:
UWF
[2163] x [42 percent] = 908
[Number of seniors] x
[Each university’s
graduation rate when each
policy solution applied]
*Rates are unchanged
because no Tier 2
university received an
increase to their base
budgets
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
Example:
UWF
[$21,860,523.89] –
[$21,893,886.00] =
-$33,362.11
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
*Graduation rates remain
unchanged at Tier 2
universities in Solution 3
therefore no additional
money is made by
graduates
53
-See above
-See above
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
54
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Totals
Total
19.07% $657,018,039.69
14.66% $505,080,464.70
4.89% $168,474,998.12
7.59% $261,498,003.21
3.53% $121,618,965.92
13.16% $453,401,017.43
4.26% $146,769,630.26
12.11% $417,225,404.33
3.42% $117,829,139.79
14.63% $504,046,875.76
1.02%
$35,142,024.15
98.34% $3,445,296,485.00
*does not equal
100% because
New College of
Florida and
Florida
Polytechic
University
removed
School Percent of Total
-$11,620,985.04
86.06400%
76.06400%
39.00%
40.00%
42.00%
61.00%
48.00%
50.00%
43.00%
66.00%
83155
13260
11042
2962
9020
2163
15683
3658
9554
2989
12824
51316
11404
8392
1155
3608
908
9567
1756
4777
1285
8464
51331
11412
8399
1155
3608
908
9567
1756
4777
1285
8464
$1,236,709,334.00
$274,826,760.00
$202,245,272.00
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$1,237,084,168.05
$275,031,282.24
$202,415,583.81
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$374,834.05
$204,522.24
$170,311.81
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
New Base New projected graduation rate Number of seniors Number of graduates Projected number graduates Actual money per graduate Additional money made by graduates Potential Earnings - Actual Earnings
86.00% $6,570,180.40 $663,588,220.09
76.00% $5,050,804.65 $510,131,269.35
39.00%
0 $168,474,998.12
40.00%
0 $261,498,003.21
42.00%
0 $121,618,965.92
61.00%
0 $453,401,017.43
48.00%
0 $146,769,630.26
50.00%
0 $417,225,404.33
43.00%
0 $117,829,139.79
66.00%
0 $504,046,875.76
6-year Graduation Rates (2013) Solution 3
Solution 3 Calculations:
Appendix 7: Statistical Inputs-Solution 4, Tier 1 and Tier 2
Tier 1, Solution 4
STATISTIC
University Base Budgets
6-year graduation rates
Application of Solution 4
on base budgets
VALUE
UF: $657,018,039.69
FSU: $505,080,464.70
USF: $453,401,017.43
FIU: $417,225,404.33
UCF: $504,046,875.76
UF: 86 percent
FSU: 76 percent
USF: 61 percent
FIU: 50 percent
UCF: 66 percent
UF: $6,570,180.40
FSU: $5,050,804.65
USF: -$4,534,010.17
FIU: -$4,172,254.04
UCF: -$5,040,468.76
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for each
university]
UF: 19.07% of total
FSU: 14.66% of total
USF: 13.16% of total
FIU: 12.11% of total
UCF: 14.63% of total
*Data taken directly from
“Annual Accountability
Report 2012-2013”
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-For universities with 70
percent or higher graduation
rates: [1 percent of base
budget]
-“2013-2014 Allocation Summary
and Workpapers”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
Example:
FSU
[$505,080,464.70] x [1
percent] = $5,050,804.65
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-For universities with lower
than 70 percent graduation
rates: [1 percent of base
budget] x -1
Number of seniors
UF: 13260
FSU: 11042
USF: 15683
FIU: 9554*
UCF: 12824*
Example:
USF
([$453,401,017.43] x [1
[percent]) x -1 =
-$4,534,010.17
*In cases where the number
of seniors was not provided
by the institution, the number
of seniors was extrapolated
based on their share of the
total student population. On
average, seniors made up 25
percent of the total student
population at Florida
universities.
-UF: “Final Headcount Enrollment
by Class Level (1989-2013)”. Office
of Institutional Planning and
Research- UF Factbook.
Gainesville, FL 2013.
-FSU: “Headcount Enrollment- Fall
Semesters”. Office of Institutional
Research –FSU Factbook.
Tallahassee, FL 2013
-USF: “Student Headcount- Fall
2013”. University of South Florida,
Info Center. Tampa, FL 2013.
55
-FIU: “Historical Fall Headcount by
Student Level”. Florida
International University, Factbook.
Miami, FL 2013.
Number of graduates
Projected graduation rate
Projected number of
graduates
Actual money per
graduate
Additional money made
by graduates
UF: 11404
FSU: 8392
USF: 9567
FIU: 4777
UCF: 8464
UF: 86.064 percent
FSU: 76.064 percent
USF: 60.936 percent
FIU: 49.936 percent
UCF: 65.936 percent
UF: 11412
FSU: 8399
USF: 9557
FIU: 4771
UCF: 8456
UF: $274,826,760.00
FSU: $202,245,272.00
USF: $230,555,783.00
FIU: $115,125,700.00
UCF: $203,978,544.00
UF: $204,522.24
FSU: $170,311.81
USF: -$241,894.59
FIU: -$147,360.90
UCF: -$197,797.38
[Number of seniors] x [Each
university’s 6-year
graduation rate]
Example:
FSU
[11042] x [76 percent] =
8392
[University’s graduation
rate] + [0.064 percent]
Example:
FSU
[76 percent] + [0.064
percent] = 76.064 percent
[Number of seniors] x [Each
university’s graduation rate
when each policy solution
applied]
Example:
USF
[15683] x [60.936 percent] =
9557
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
Example:
USF
[$24,100] x [9567] =
$230,555,783.00
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
Example:
FSU
[$202,415,583.81] –
[$202,245,272.00] =
$170,311.81
56
-UCF: “2013-2014 Enrollment”.
University of Central Florida,
Institutional Knowledge
Management. Orlando, FL 2013
-See above
-See above
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown University.
Washington D.C. 2011.
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown University.
Washington D.C. 2011.
Tier 2, Solution 4:
STATISTIC
University Base
Budgets
6-year graduation rates
Application of Solution
2 on base budgets
Number of seniors
VALUE
FAMU: $168,474,998.12
FAU: $261,498,003.21
UWF: $121,618,965.92
UNF: $146,769,630.26
FGCU: $117,829,139.79
FAMU: 39 percent
FAU: 40 percent
UWF: 42 percent
UNF: 48 percent
FGCU: 43 percent
FAMU: -$1,684,749.98
FAU: -$2,614,980.03
UWF: -$1,216,189.66
UNF: -$1,467,696.30
FGCU: -$1,178,291.40
FAMU: 2962*
FAU: 9020
UWF: 2163
UNF: 3658*
FGCU: 2989
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for
each university]
FAMU: 4.89% of total
FAU: 7.59% of total
UWF: 3.53% of total
UNF: 4.26% of total
FGCU: 3.42% of total
*Data taken directly from
“Annual Accountability
Report 2012-2013”
[1 percent of base budget] x
-1
Example:
UWF
([$121,618,965.92] x [1
percent]) x -1 =
-$1,216,189.66
*In cases where the number
of seniors was not provided
by the institution, the
number of seniors was
extrapolated based on their
share of the total student
population. On average,
seniors made up 25 percent
of the total student
population at Florida
universities.
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-FAMU: “Demographics, 20082009 (entering year of 6-year
cohort)”. Florida A&M
University, Overview. Tallahassee,
FL 2013.
-FAU: “Headcount Enrollment by
Level & Gender”. Florida Atlantic
University, Factbook. Boca Raton,
FL 2013.
-UWF: “Enrollment by
Race/Ethnicity - Ethnicity by
Gender, Level, and Load”.
Institutional Research and
Effectiveness Support. University
of West Florida, Factbook.
Pensacola, FL 2013.
-UNF: “Fall Student Headcount by
Student Level”. University of
North Florida, Factbook.
Jacksonville, FL 2013
57
-FGCU: “Headcount Enrolled by
Class, Fall Terms”. Florida Gulf
Coast University, Board of
Trustees Quarterly Report. Fort
Myers, FL 2012.
Number of graduates
Projected graduation
rate
Projected number of
graduates
Actual money per
graduate
Potential Earnings Actual Earnings
FAMU: 1155
FAU: 3608
UWF: 952
UNF: 1756
FGCU: 1285
FAMU: 38.936 percent
FAU: 39.936 percent
UWF: 41.936 percent
UNF: 47.936 percent
FGCU: 42.936 percent
FAMU: 1153
FAU: 3602
UWF: 907
UNF: 1753
FGCU: 1283
FAMU: $27,839,838.00
FAU: $86,952,800.00
UWF: $21,893,886.00
UNF: $42,315,744.00
FGCU: $30,975,007.00
FAMU: -$45,685.89
FAU: -$139,124.48
UWF: -$33,362.11
UNF: -$56,420.99
FGCU: -$46,102.34
[Number of seniors] x
[Each university’s 6-year
graduation rate]
Example:
UWF
[2163] x [42 percent] = 908
[University’s graduation
rate] – [0.064 percent]
Example:
UWF
[42 percent] - [0.064
percent] = 41.936 percent
[Number of seniors] x
[Each university’s
graduation rate when each
policy solution applied]
Example:
UWF
[2163] x [41.936 percent] =
907
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
UWF
[$24,100] x [908] =
$21,893,886.00
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
Example:
UWF
[$21,860,523.89] –
[$21,893,886.00] =
-$33,362.11
Solution 4 Calculations:
58
-See above
-See above
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Totals
19.07%
14.66%
4.89%
7.59%
3.53%
13.16%
4.26%
12.11%
3.42%
14.63%
1.02%
98.34%
*does not equal
100% because
New College of
Florida and
Florida
Polytechic
University
removed
School Percent of Total
59
$657,018,039.69
$505,080,464.70
$168,474,998.12
$261,498,003.21
$121,618,965.92
$453,401,017.43
$146,769,630.26
$417,225,404.33
$117,829,139.79
$504,046,875.76
$35,142,024.15
$3,445,296,485.00
Total
86.00%
76.00%
39.00%
40.00%
42.00%
61.00%
48.00%
50.00%
43.00%
66.00%
6-year Graduation Rates
$10,287,655.30
$6,570,180.40
$5,050,804.65
-$1,684,749.98
-$2,614,980.03
-$1,216,189.66
-$4,534,010.17
-$1,467,696.30
-$4,172,254.04
-$1,178,291.40
-$5,040,468.76
Solution 4
$663,588,220.09
$510,131,269.35
$166,790,248.14
$258,883,023.18
$120,402,776.26
$448,867,007.25
$145,301,933.96
$413,053,150.29
$116,650,848.39
$499,006,407.00
New Base
86.06400%
76.06400%
38.93600%
39.93600%
41.93600%
60.93600%
47.93600%
49.93600%
42.93600%
65.93600%
83155
13260
11042
2962
9020
2163
15683
3658
9554
2989
12824
51316
11404
8392
1155
3608
908
9567
1756
4777
1285
8464
51294
11412
8399
1153
3602
907
9557
1753
4771
1283
8456
$1,236,709,334.00
$274,826,760.00
$202,245,272.00
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$1,236,176,419.38
$275,031,282.24
$202,415,583.81
$27,794,152.11
$86,813,675.52
$21,860,523.89
$230,313,888.41
$42,259,323.01
$114,978,339.10
$30,928,904.66
$203,780,746.62
-$532,914.62
$204,522.24
$170,311.81
-$45,685.89
-$139,124.48
-$33,362.11
-$241,894.59
-$56,420.99
-$147,360.90
-$46,102.34
-$197,797.38
New projected graduation rate Number of seniors Number of graduates Projected number graduates Actual money per graduate Additional money made by graduates Potential Earnings - Actual Earnings
Appendix 8: Sensitivity Analysis:
The sensitivity analysis for this memorandum follows the same format and statistical inputs as referenced in the
proposed solutions. In order to increase the understanding of the relationships between state appropriations and
student earnings, two additional rates relating to state appropriations and graduation rates was used.
As seen by Zhang, a 1 percent increase (or decrease) in state appropriations leads to a 0.064 percent increase (or
decrease) in graduation rates at a university. In this sensitivity analysis, a 0.05 percent rate and a 0.1 percent
rate were substituted in the calculations for each policy solution. For the purposes of this memorandum, the
sensitivity analysis shows the impact the different rates have on a university’s 6-year graduation rate and on
student earnings.
60
Tier 1, 0.05 percent:
Benefits
Costs
Stakeholders
Students
State budgets
Universities
Stakeholders
Students
State budgets
Universities
Net Present Value, Tier 1
Status Quo
Solution 2
Solution 3
-$121,325,184.00
$0.00
$357,003.90
$0.00
$13,746,732.98
$0.00
$0.00
$0.00
$11,620,985.04
Status Quo
Solution 2
Solution 3
-$458,635.05
$0.00
$0.00
$0.00
$0.00
-$11,969,614.60
$0.00
-$14,159,134.96
$0.00
Solution 4
Status Quo
Solution 2
Solution 3
-$121,325,184.00
-$871,037.04
$8,374.35
Solution 4
-$243,498.19
Status Quo
Solution 2
Solution 3
-$145,516,041.00
$0.00
$0.00
$8,161,907.37
$0.00
$0.00
Status Quo
Solution 2
Solution 3
$0.00
-$261,099.40
$0.00
$0.00
$0.00
-$8,406,764.59
Solution 4
$0.00
$2,125,747.93
$0.00
Solution 4
-$179,725.75
$0.00
-$2,189,520.37
Tier 2, 0.05 percent:
Stakeholders
Benefits Students
State budgets
Universities
Stakeholders
Students
Costs
State budgets
Universities
Net Present Value, Tier 2
61
Status Quo
Solution 2
Solution 3
-$145,516,041.00
-$505,956.62
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$8,161,907.37
$0.00
Solution 4
-$261,099.40
$0.00
-$8,406,764.59
Solution 4
-$505,956.62
Tier 1, 0.1 percent:
Benefits
Costs
Stakeholders
Students
State budgets
Universities
Stakeholders
Students
State budgets
Universities
Net Present Value, Tier 1
Status Quo
Solution 2
Solution 3
-$121,325,184.00
$0.00
$557,818.60
$0.00
$13,746,732.98
$0.00
$0.00
$0.00
$11,620,985.04
Status Quo
Solution 2
Solution 3
-$917,270.10
$0.00
$0.00
$0.00
$0.00
-$11,969,614.60
$0.00
-$14,159,134.96
$0.00
Solution 4
Status Quo
Solution 2
Solution 3
-$121,325,184.00
-$1,329,672.09
$209,189.05
Solution 4
-$423,223.94
Status Quo
Solution 2
Solution 3
-$145,516,041.00
$0.00
$0.00
$8,161,907.37
$0.00
$0.00
Status Quo
Solution 2
Solution 3
$0.00
-$522,198.80
$0.00
$0.00
$0.00
-$8,406,764.59
Solution 4
$0.00
$2,125,747.93
$0.00
Solution 4
-$359,451.50
$0.00
-$2,189,520.37
Tier 2, 0.1 percent:
Stakeholders
Benefits Students
State budgets
Universities
Stakeholders
Students
Costs
State budgets
Universities
Net Present Value, Tier 2
Status Quo
Solution 2
Solution 3
-$145,516,041.00
-$767,056.02
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$8,161,907.37
$0.00
Solution 4
-$522,198.80
$0.00
-$8,406,764.59
Solution 4
-$767,056.02
Benefits to each stakeholder were calculated adding the total impact each solution had on the group. For
example, the benefits/costs to students were calculated by adding the additional earnings students received at all
universities in their respective tiers when each solution was implemented. The benefits/costs to state budgets
were calculated by adding the increases or decreases to the base budgets for universities in their respective tiers
when each solution was implemented.
Additionally, the benefits/costs to universities were calculated by adding the increases or decreases to the base
budgets for universities in their respective tiers when each solution was implemented. In the case universities, a
62
3 percent administration fee was assessed to cuts to account for potential costs associated with the transfer of
those funds back to state budgets.
63
Statistical Inputs, Sensitivity Analysis-Status Quo
Status Quo, 0.05 percent:
STATISTIC
University Base
Budgets
6-year graduation rates
Additional funding
needed to reach 70
percent graduation rates
Number of seniors
64
VALUE
UF: $657,018,039.69
FSU: $505,080,464.70
USF: $453,401,017.43
FIU: $417,225,404.33
UCF: $504,046,875.76
FAMU: $168,474,998.12
FAU: $261,498,003.21
UWF: $121,618,965.92
UNF: $146,769,630.26
FGCU: $117,829,139.79
UF: 86 percent
FSU: 76 percent
USF: 61 percent
FIU: 50 percent
UCF: 66 percent
FAMU: 39 percent
FAU: 40 percent
UWF: 42 percent
UNF: 48 percent
FGCU: 43 percent
UF: $0.00
FSU: $0.00
USF: $816,121,831.37
FIU: $1,668,901,617.33
UCF: $403,237,500.60
FAMU:
$1,044,544,988.32
FAU: $1,568,988,019.27
UWF: $681,066,209.15
UNF: $645,786,373.15
FGCU: $636,277,354.85
UF: 13260
FSU: 11042
USF: 15683
FIU: 9554*
UCF: 12824*
FAMU: 2962*
FAU: 9020
UWF: 2163
UNF: 3658*
FGCU: 2989
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for
each university]
UF: 19.07% of total
FSU: 14.66% of total
USF: 13.16% of total
FIU: 12.11% of total
UCF: 14.63% of total
FAMU: 4.89% of total
FAU: 7.59% of total
UWF: 3.53% of total
UNF: 4.26% of total
FGCU: 3.42% of total
---
[Additional percentage
needed to reach 70
percent/0.05 percent] x [1
percent of base budget]
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
*In cases where the number
of seniors was not provided
by the institution, the
number of seniors was
extrapolated based on their
share of the total student
population. On average,
seniors made up 25 percent
of the total student
population at Florida
universities.
-UF: “Final Headcount Enrollment
by Class Level (1989-2013)”.
Office of Institutional Planning
and Research- UF Factbook.
Gainesville, FL 2013.
-FSU: “Headcount EnrollmentFall Semesters”. Office of
Institutional Research –FSU
Factbook. Tallahassee, FL 2013
-USF: “Student Headcount- Fall
2013”. University of South
Florida, Info Center. Tampa, FL
2013.
-FIU: “Historical Fall Headcount
by Student Level”. Florida
International University, Factbook.
Miami, FL 2013.
-UCF: “2013-2014 Enrollment”.
University of Central Florida,
Institutional Knowledge
Management. Orlando, FL 2013
-FAMU: “Demographics, 20082009 (entering year of 6-year
cohort)”. Florida A&M
University, Overview. Tallahassee,
FL 2013.
-FAU: “Headcount Enrollment by
Level & Gender”. Florida Atlantic
University, Factbook. Boca Raton,
FL 2013.
-UWF: “Enrollment by
Race/Ethnicity - Ethnicity by
Gender, Level, and Load”.
Institutional Research and
Effectiveness Support. University
of West Florida, Factbook.
Pensacola, FL 2013.
-UNF: “Fall Student Headcount by
Student Level”. University of
North Florida, Factbook.
Jacksonville, FL 2013
-FGCU: “Headcount Enrolled by
Class, Fall Terms”. Florida Gulf
Coast University, Board of
Trustees Quarterly Report. Fort
Myers, FL 2012.
Number of graduates
65
UF: 11404
FSU: 8392
USF: 9567
FIU: 4777
UCF: 8464
FAMU: 1155
FAU: 3608
UWF: 952
UNF: 1756
FGCU: 1285
[Number of seniors] x
[Each university’s 6-year
graduation rate]
-See above
Projected number of
graduates
UF: 11404
FSU: 8392
USF: 10978
FIU: 6688
UCF: 8977
FAMU: 2073
FAU: 6314
UWF: 1514
UNF: 2561
FGCU: 2092
[Number of seniors] x
[Each university’s
graduation rate when each
policy solution applied]
-See above
Actual money per
graduate
UF: $274,826,760.00
FSU: $202,245,272.00
USF: $230,555,783.00
FIU: $115,125,700.00
UCF: $203,978,544.00
FAMU: $27,839,838.00
FAU: $86,952,800.00
UWF: $21,893,886.00
UNF: $42,315,744.00
FGCU: $30,975,007.00
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
Additional money made
by graduates
UF: $0.00
FSU: $0.00
USF: $34,016,427.00
FIU: $46,050,280.00
UCF: $12,362,336.00
FAMU: $22,129,102.00
FAU: $65,214,600.00
UWF: $14,595,924.00
UNF: $19,394,716.00
FGCU: $19,449,423.00
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
66
Sensitivity Analysis, Status Quo, 0.05 percent Calculations
School Percent of Total
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Totals
Total
6-year Graduation Rates Graduation rate increase needed to 70% Additional funding needed to reach 70%
19.07% $657,018,039.69
14.66% $505,080,464.70
4.89% $168,474,998.12
7.59% $261,498,003.21
3.53% $121,618,965.92
13.16% $453,401,017.43
4.26% $146,769,630.26
12.11% $417,225,404.33
3.42% $117,829,139.79
14.63% $504,046,875.76
1.02%
$35,142,024.15
98.34% $3,445,296,485.00
*does not equal
100% because
New College of
Florida and
Florida
Polytechic
University
removed
86.00%
76.00%
39.00%
40.00%
42.00%
61.00%
48.00%
50.00%
43.00%
66.00%
0.00%
0.00%
31.00%
30.00%
28.00%
9.00%
22.00%
20.00%
27.00%
4.00%
$0.00
$0.00
$1,044,544,988.32
$1,568,988,019.27
$681,066,209.15
$816,121,831.37
$645,786,373.15
$1,668,901,617.33
$636,277,354.85
$403,237,500.60
$7,464,923,894.05
New Base
$657,018,039.69
$505,080,464.70
$1,213,019,986.44
$1,830,486,022.48
$802,685,175.08
$1,269,522,848.79
$792,556,003.41
$2,086,127,021.67
$754,106,494.64
$907,284,376.36
Status Quo
$657,018,039.69
$505,080,464.70
$168,474,998.12
$261,498,003.21
$121,618,965.92
$453,401,017.43
$146,769,630.26
$417,225,404.33
$117,829,139.79
$504,046,875.76
New projected graduation rate
86.00%
76.00%
70.000%
70.000%
70.000%
70.000%
70.000%
70.000%
70.000%
70.000%
-$3,352,962,539.20
School Number of seniors Number of graduates Projected number graduates Actual money per graduate Additional money made by graduates Potential Earnings - Actual Earnings
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Totals
13260
11042
2962
9020
2163
15683
3658
9554
2989
12824
67
11404
8392
1155
3608
908
9567
1756
4777
1285
8464
11404
8392
2073
6314
1514
10978
2561
6688
2092
8977
$274,826,760.00
$202,245,272.00
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$274,826,760.00
$202,245,272.00
$49,968,940.00
$152,167,400.00
$36,489,810.00
$264,572,210.00
$61,710,460.00
$161,175,980.00
$50,424,430.00
$216,340,880.00
$0.00
$0.00
$22,129,102.00
$65,214,600.00
$14,595,924.00
$34,016,427.00
$19,394,716.00
$46,050,280.00
$19,449,423.00
$12,362,336.00
51316
60993
$1,236,709,334.00
$1,469,922,142.00
$233,212,808.00
Status Quo, 0.1 percent:
STATISTIC
University Base
Budgets
6-year graduation rates
Additional funding
needed to reach 70
percent graduation rates
Number of seniors
VALUE
UF: $657,018,039.69
FSU: $505,080,464.70
USF: $453,401,017.43
FIU: $417,225,404.33
UCF: $504,046,875.76
FAMU: $168,474,998.12
FAU: $261,498,003.21
UWF: $121,618,965.92
UNF: $146,769,630.26
FGCU: $117,829,139.79
UF: 86 percent
FSU: 76 percent
USF: 61 percent
FIU: 50 percent
UCF: 66 percent
FAMU: 39 percent
FAU: 40 percent
UWF: 42 percent
UNF: 48 percent
FGCU: 43 percent
UF: $0.00
FSU: $0.00
USF: $408,060,915.68
FIU: $834,450,808.67
UCF: $201,618,750.30
FAMU: $522,272,494.16
FAU: $784,494,009.63
UWF: $340,533,104.58
UNF: $322,893,186.57
FGCU: $318,138,677.42
UF: 13260
FSU: 11042
USF: 15683
FIU: 9554*
UCF: 12824*
FAMU: 2962*
FAU: 9020
UWF: 2163
UNF: 3658*
FGCU: 2989
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for
each university]
UF: 19.07% of total
FSU: 14.66% of total
USF: 13.16% of total
FIU: 12.11% of total
UCF: 14.63% of total
FAMU: 4.89% of total
FAU: 7.59% of total
UWF: 3.53% of total
UNF: 4.26% of total
FGCU: 3.42% of total
---
[Additional percentage
needed to reach 70
percent/0.1 percent] x [1
percent of base budget]
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
*In cases where the number
of seniors was not provided
by the institution, the
number of seniors was
extrapolated based on their
share of the total student
population. On average,
seniors made up 25 percent
of the total student
population at Florida
universities.
-UF: “Final Headcount Enrollment
by Class Level (1989-2013)”.
Office of Institutional Planning
and Research- UF Factbook.
Gainesville, FL 2013.
-FSU: “Headcount EnrollmentFall Semesters”. Office of
Institutional Research –FSU
Factbook. Tallahassee, FL 2013
-USF: “Student Headcount- Fall
68
2013”. University of South
Florida, Info Center. Tampa, FL
2013.
-FIU: “Historical Fall Headcount
by Student Level”. Florida
International University, Factbook.
Miami, FL 2013.
-UCF: “2013-2014 Enrollment”.
University of Central Florida,
Institutional Knowledge
Management. Orlando, FL 2013
-FAMU: “Demographics, 20082009 (entering year of 6-year
cohort)”. Florida A&M
University, Overview. Tallahassee,
FL 2013.
-FAU: “Headcount Enrollment by
Level & Gender”. Florida Atlantic
University, Factbook. Boca Raton,
FL 2013.
-UWF: “Enrollment by
Race/Ethnicity - Ethnicity by
Gender, Level, and Load”.
Institutional Research and
Effectiveness Support. University
of West Florida, Factbook.
Pensacola, FL 2013.
-UNF: “Fall Student Headcount by
Student Level”. University of
North Florida, Factbook.
Jacksonville, FL 2013
-FGCU: “Headcount Enrolled by
Class, Fall Terms”. Florida Gulf
Coast University, Board of
Trustees Quarterly Report. Fort
Myers, FL 2012.
Number of graduates
Projected number of
69
UF: 11404
FSU: 8392
USF: 9567
FIU: 4777
UCF: 8464
FAMU: 1155
FAU: 3608
UWF: 952
UNF: 1756
FGCU: 1285
UF: 11404
[Number of seniors] x
[Each university’s 6-year
graduation rate]
-See above
[Number of seniors] x
-See above
graduates
FSU: 8392
USF: 10978
FIU: 6688
UCF: 8977
FAMU: 2073
FAU: 6314
UWF: 1514
UNF: 2561
FGCU: 2092
[Each university’s
graduation rate when each
policy solution applied]
Actual money per
graduate
UF: $274,826,760.00
FSU: $202,245,272.00
USF: $230,555,783.00
FIU: $115,125,700.00
UCF: $203,978,544.00
FAMU: $27,839,838.00
FAU: $86,952,800.00
UWF: $21,893,886.00
UNF: $42,315,744.00
FGCU: $30,975,007.00
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
Additional money made
by graduates
UF: $0.00
FSU: $0.00
USF: $34,016,427.00
FIU: $46,050,280.00
UCF: $12,362,336.00
FAMU: $22,129,102.00
FAU: $65,214,600.00
UWF: $14,595,924.00
UNF: $19,394,716.00
FGCU: $19,449,423.00
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
70
Sensitivity Analysis, Status Quo, 0.1 percent Calculations
School
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Totals
Percent of Total
Total
6-year Graduation Rates Graduation rate increase needed to 70% Additional funding needed to reach 70%
19.07% $657,018,039.69
14.66% $505,080,464.70
4.89% $168,474,998.12
7.59% $261,498,003.21
3.53% $121,618,965.92
13.16% $453,401,017.43
4.26% $146,769,630.26
12.11% $417,225,404.33
3.42% $117,829,139.79
14.63% $504,046,875.76
1.02%
$35,142,024.15
98.34% $3,445,296,485.00
*does not equal
100% because
New College of
Florida and
Florida
Polytechic
University
removed
86.00%
76.00%
39.00%
40.00%
42.00%
61.00%
48.00%
50.00%
43.00%
66.00%
0.00%
0.00%
31.00%
30.00%
28.00%
9.00%
22.00%
20.00%
27.00%
4.00%
New Base
$0.00 $657,018,039.69
$0.00 $505,080,464.70
$522,272,494.16 $690,747,492.28
$784,494,009.63 $1,045,992,012.85
$340,533,104.58 $462,152,070.50
$408,060,915.68 $861,461,933.11
$322,893,186.57 $469,662,816.84
$834,450,808.67 $1,251,676,213.00
$318,138,677.42 $435,967,817.21
$201,618,750.30 $705,665,626.06
$3,732,461,947.02
Status Quo
$657,018,039.69
$505,080,464.70
$168,474,998.12
$261,498,003.21
$121,618,965.92
$453,401,017.43
$146,769,630.26
$417,225,404.33
$117,829,139.79
$504,046,875.76
New projected graduation rate
86.00%
76.00%
70.000%
70.000%
70.000%
70.000%
70.000%
70.000%
70.000%
70.000%
-$3,352,962,539.20
School Number of seniors Number of graduates Projected number graduates Actual money per graduate Additional money made by graduates Potential Earnings - Actual Earnings
13260
11042
2962
9020
2163
15683
3658
9554
2989
12824
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Totals
71
11404
8392
1155
3608
908
9567
1756
4777
1285
8464
11404
8392
2073
6314
1514
10978
2561
6688
2092
8977
$274,826,760.00
$202,245,272.00
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$274,826,760.00
$202,245,272.00
$49,968,940.00
$152,167,400.00
$36,489,810.00
$264,572,210.00
$61,710,460.00
$161,175,980.00
$50,424,430.00
$216,340,880.00
$0.00
$0.00
$22,129,102.00
$65,214,600.00
$14,595,924.00
$34,016,427.00
$19,394,716.00
$46,050,280.00
$19,449,423.00
$12,362,336.00
51316
60993
$1,236,709,334.00
$1,469,922,142.00
$233,212,808.00
Statistical Inputs, Sensitivity Analysis-Solution 2
Solution 2, 0.05 percent:
STATISTIC
University Base
Budgets
6-year graduation rates
Application of Solution
2 on base budgets
Number of seniors
72
VALUE
UF: $657,018,039.69
FSU: $505,080,464.70
USF: $453,401,017.43
FIU: $417,225,404.33
UCF: $504,046,875.76
FAMU: $168,474,998.12
FAU: $261,498,003.21
UWF: $121,618,965.92
UNF: $146,769,630.26
FGCU: $117,829,139.79
UF: 86 percent
FSU: 76 percent
USF: 61 percent
FIU: 50 percent
UCF: 66 percent
FAMU: 39 percent
FAU: 40 percent
UWF: 42 percent
UNF: 48 percent
FGCU: 43 percent
UF: $0.00*
FSU: $0.00*
USF: -$4,534,010.17
FIU: -$4,172,254.04
UCF: -$5,040,468.76
FAMU: -$1,684,749.98
FAU: -$2,614,980.03
UWF: -$1,216,189.66
UNF: -$1,467,696.30
FGCU: -$1,178,291.40
UF: 13260
FSU: 11042
USF: 15683
FIU: 9554*
UCF: 12824*
FAMU: 2962*
FAU: 9020
UWF: 2163
UNF: 3658*
FGCU: 2989
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for
each university]
UF: 19.07% of total
FSU: 14.66% of total
USF: 13.16% of total
FIU: 12.11% of total
UCF: 14.63% of total
FAMU: 4.89% of total
FAU: 7.59% of total
UWF: 3.53% of total
UNF: 4.26% of total
FGCU: 3.42% of total
---
[1 percent of base budget] x
-1
*UF and FSU did not
receive a cut to their base
budget because their
graduation rate is higher
than 70 percent.
*In cases where the number
of seniors was not provided
by the institution, the
number of seniors was
extrapolated based on their
share of the total student
population. On average,
seniors made up 25 percent
of the total student
population at Florida
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-UF: “Final Headcount Enrollment
by Class Level (1989-2013)”.
Office of Institutional Planning
and Research- UF Factbook.
Gainesville, FL 2013.
-FSU: “Headcount EnrollmentFall Semesters”. Office of
Institutional Research –FSU
Factbook. Tallahassee, FL 2013
universities.
-USF: “Student Headcount- Fall
2013”. University of South
Florida, Info Center. Tampa, FL
2013.
-FIU: “Historical Fall Headcount
by Student Level”. Florida
International University, Factbook.
Miami, FL 2013.
-UCF: “2013-2014 Enrollment”.
University of Central Florida,
Institutional Knowledge
Management. Orlando, FL 2013
-FAMU: “Demographics, 20082009 (entering year of 6-year
cohort)”. Florida A&M
University, Overview. Tallahassee,
FL 2013.
-FAU: “Headcount Enrollment by
Level & Gender”. Florida Atlantic
University, Factbook. Boca Raton,
FL 2013.
-UWF: “Enrollment by
Race/Ethnicity - Ethnicity by
Gender, Level, and Load”.
Institutional Research and
Effectiveness Support. University
of West Florida, Factbook.
Pensacola, FL 2013.
-UNF: “Fall Student Headcount by
Student Level”. University of
North Florida, Factbook.
Jacksonville, FL 2013
-FGCU: “Headcount Enrolled by
Class, Fall Terms”. Florida Gulf
Coast University, Board of
Trustees Quarterly Report. Fort
Myers, FL 2012.
Number of graduates
73
UF: 11404
FSU: 8392
USF: 9567
FIU: 4777
UCF: 8464
FAMU: 1155
FAU: 3608
UWF: 952
UNF: 1756
[Number of seniors] x
[Each university’s 6-year
graduation rate]
-See above
Projected number of
graduates
FGCU: 1285
UF: 11404
FSU: 8392
USF: 9559
FIU: 4772
UCF: 8457
FAMU: 1154
FAU: 3603
UWF: 907
UNF: 1754
FGCU: 1284
[Number of seniors] x
[Each university’s
graduation rate when each
policy solution applied]
-See above
Actual money per
graduate
UF: $274,826,760.00
FSU: $202,245,272.00
USF: $230,555,783.00
FIU: $115,125,700.00
UCF: $203,978,544.00
FAMU: $27,839,838.00
FAU: $86,952,800.00
UWF: $21,893,886.00
UNF: $42,315,744.00
FGCU: $30,975,007.00
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
Additional money made
by graduates
UF: $0.00
FSU: $0.00
USF: -$188,980.15
FIU: -$115,125.70
UCF: -$154,529.20
FAMU: -$35,692.10
FAU: -$108,691.00
UWF: -$26,064.15
UNF: -$44,078.90
FGCU: -$36,017.45
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
74
75
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Totals
19.07%
14.66%
4.89%
7.59%
3.53%
13.16%
4.26%
12.11%
3.42%
14.63%
1.02%
98.34%
*does not equal
100% because
New College of
Florida and
Florida
Polytechic
University
removed
School Percent of Total
$657,018,039.69
$505,080,464.70
$168,474,998.12
$261,498,003.21
$121,618,965.92
$453,401,017.43
$146,769,630.26
$417,225,404.33
$117,829,139.79
$504,046,875.76
$35,142,024.15
$3,445,296,485.00
Total
86.00%
76.00%
39.00%
40.00%
42.00%
61.00%
48.00%
50.00%
43.00%
66.00%
New Base
$21,908,640.35
$0.00 $657,018,039.69
$0.00 $505,080,464.70
-$1,684,749.98 $166,790,248.14
-$2,614,980.03 $258,883,023.18
-$1,216,189.66 $120,402,776.26
-$4,534,010.17 $448,867,007.25
-$1,467,696.30 $145,301,933.96
-$4,172,254.04 $413,053,150.29
-$1,178,291.40 $116,650,848.39
-$5,040,468.76 $499,006,407.00
6-year Graduation Rates Solution 2
86.00%
76.00%
38.950%
39.950%
41.950%
60.950%
47.950%
49.950%
42.950%
65.950%
13260
11042
2962
9020
2163
15683
3658
9554
2989
12824
51316
11404
8392
1155
3608
908
9567
1756
4777
1285
8464
51286
11404
8392
1154
3603
907
9559
1754
4772
1284
8457
$1,236,709,334.00
$274,826,760.00
$202,245,272.00
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$1,236,000,155.35
$274,826,760.00
$202,245,272.00
$27,804,145.90
$86,844,109.00
$21,867,821.85
$230,366,802.85
$42,271,665.10
$115,010,574.30
$30,938,989.55
$203,824,014.80
-$709,178.65
$0.00
$0.00
-$35,692.10
-$108,691.00
-$26,064.15
-$188,980.15
-$44,078.90
-$115,125.70
-$36,017.45
-$154,529.20
New projected graduation rate Number of seniors Number of graduates Projected number graduates Actual money per graduate Additional money made by graduates Potential Earnings - Actual Earnings
Sensitivity Analysis, Solution 2, 0.05 percent Calculations:
Solution 2, 0.1 percent
STATISTIC
University Base
Budgets
6-year graduation rates
Application of Solution
2 on base budgets
Number of seniors
VALUE
UF: $657,018,039.69
FSU: $505,080,464.70
USF: $453,401,017.43
FIU: $417,225,404.33
UCF: $504,046,875.76
FAMU: $168,474,998.12
FAU: $261,498,003.21
UWF: $121,618,965.92
UNF: $146,769,630.26
FGCU: $117,829,139.79
UF: 86 percent
FSU: 76 percent
USF: 61 percent
FIU: 50 percent
UCF: 66 percent
FAMU: 39 percent
FAU: 40 percent
UWF: 42 percent
UNF: 48 percent
FGCU: 43 percent
UF: $0.00*
FSU: $0.00*
USF: -$4,534,010.17
FIU: -$4,172,254.04
UCF: -$5,040,468.76
FAMU: -$1,684,749.98
FAU: -$2,614,980.03
UWF: -$1,216,189.66
UNF: -$1,467,696.30
FGCU: -$1,178,291.40
UF: 13260
FSU: 11042
USF: 15683
FIU: 9554*
UCF: 12824*
FAMU: 2962*
FAU: 9020
UWF: 2163
UNF: 3658*
FGCU: 2989
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for
each university]
UF: 19.07% of total
FSU: 14.66% of total
USF: 13.16% of total
FIU: 12.11% of total
UCF: 14.63% of total
FAMU: 4.89% of total
FAU: 7.59% of total
UWF: 3.53% of total
UNF: 4.26% of total
FGCU: 3.42% of total
---
[1 percent of base budget] x
-1
*UF and FSU did not
receive a cut to their base
budget because their
graduation rate is higher
than 70 percent.
*In cases where the number
of seniors was not provided
by the institution, the
number of seniors was
extrapolated based on their
share of the total student
population. On average,
seniors made up 25 percent
of the total student
population at Florida
universities.
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-UF: “Final Headcount Enrollment
by Class Level (1989-2013)”.
Office of Institutional Planning
and Research- UF Factbook.
Gainesville, FL 2013.
-FSU: “Headcount EnrollmentFall Semesters”. Office of
Institutional Research –FSU
Factbook. Tallahassee, FL 2013
-USF: “Student Headcount- Fall
76
2013”. University of South
Florida, Info Center. Tampa, FL
2013.
-FIU: “Historical Fall Headcount
by Student Level”. Florida
International University, Factbook.
Miami, FL 2013.
-UCF: “2013-2014 Enrollment”.
University of Central Florida,
Institutional Knowledge
Management. Orlando, FL 2013
-FAMU: “Demographics, 20082009 (entering year of 6-year
cohort)”. Florida A&M
University, Overview. Tallahassee,
FL 2013.
-FAU: “Headcount Enrollment by
Level & Gender”. Florida Atlantic
University, Factbook. Boca Raton,
FL 2013.
-UWF: “Enrollment by
Race/Ethnicity - Ethnicity by
Gender, Level, and Load”.
Institutional Research and
Effectiveness Support. University
of West Florida, Factbook.
Pensacola, FL 2013.
-UNF: “Fall Student Headcount by
Student Level”. University of
North Florida, Factbook.
Jacksonville, FL 2013
-FGCU: “Headcount Enrolled by
Class, Fall Terms”. Florida Gulf
Coast University, Board of
Trustees Quarterly Report. Fort
Myers, FL 2012.
Number of graduates
Projected number of
77
UF: 11404
FSU: 8392
USF: 9567
FIU: 4777
UCF: 8464
FAMU: 1155
FAU: 3608
UWF: 952
UNF: 1756
FGCU: 1285
UF: 11404
[Number of seniors] x
[Each university’s 6-year
graduation rate]
-See above
[Number of seniors] x
-See above
graduates
FSU: 8392
USF: 9551
FIU: 4767
UCF: 8451
FAMU: 1152
FAU: 3599
UWF: 906
UNF: 1752
FGCU: 1282
[Each university’s
graduation rate when each
policy solution applied]
Actual money per
graduate
UF: $274,826,760.00
FSU: $202,245,272.00
USF: $230,555,783.00
FIU: $115,125,700.00
UCF: $203,978,544.00
FAMU: $27,839,838.00
FAU: $86,952,800.00
UWF: $21,893,886.00
UNF: $42,315,744.00
FGCU: $30,975,007.00
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
Additional money made
by graduates
UF: $0.00
FSU: $0.00
USF: -$377,960.30
FIU: -$230,251.40
UCF: -$309,058.40
FAMU: -$71,384.20
FAU: -$217,382.00
UWF: -$52,128.30
UNF: -$88,157.80
FGCU: -$72,034.90
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
78
79
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Totals
Total
19.07% $657,018,039.69
14.66% $505,080,464.70
4.89% $168,474,998.12
7.59% $261,498,003.21
3.53% $121,618,965.92
13.16% $453,401,017.43
4.26% $146,769,630.26
12.11% $417,225,404.33
3.42% $117,829,139.79
14.63% $504,046,875.76
1.02% $35,142,024.15
98.34% $3,445,296,485.00
*does not equal
100% because
New College of
Florida and
Florida
Polytechic
University
removed
School Percent of Total
86.00%
76.00%
39.00%
40.00%
42.00%
61.00%
48.00%
50.00%
43.00%
66.00%
$21,908,640.35
86.00%
76.00%
38.900%
39.900%
41.900%
60.900%
47.900%
49.900%
42.900%
65.900%
83155
13260
11042
2962
9020
2163
15683
3658
9554
2989
12824
51316
11404
8392
1155
3608
908
9567
1756
4777
1285
8464
51257
11404
8392
1152
3599
906
9551
1752
4767
1282
8451
$1,236,709,334.00
$274,826,760.00
$202,245,272.00
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$1,235,290,976.70
$274,826,760.00
$202,245,272.00
$27,768,453.80
$86,735,418.00
$21,841,757.70
$230,177,822.70
$42,227,586.20
$114,895,448.60
$30,902,972.10
$203,669,485.60
-$1,418,357.30
$0.00
$0.00
-$71,384.20
-$217,382.00
-$52,128.30
-$377,960.30
-$88,157.80
-$230,251.40
-$72,034.90
-$309,058.40
New Base New projected graduation rate Number of seniors Number of graduates Projected number graduates Actual money per graduate Additional money made by graduates Potential Earnings - Actual Earnings
$0.00 $657,018,039.69
$0.00 $505,080,464.70
-$1,684,749.98 $166,790,248.14
-$2,614,980.03 $258,883,023.18
-$1,216,189.66 $120,402,776.26
-$4,534,010.17 $448,867,007.25
-$1,467,696.30 $145,301,933.96
-$4,172,254.04 $413,053,150.29
-$1,178,291.40 $116,650,848.39
-$5,040,468.76 $499,006,407.00
6-year Graduation Rates Solution 2
Sensitivity Analysis, Solution 2, 0.1 percent Calculations:
Statistical Inputs, Sensitivity Analysis-Solution 3
Solution 3, 0.05 percent:
STATISTIC
University Base
Budgets
6-year graduation rates
Application of Solution
3 on base budgets
Number of seniors
80
VALUE
UF: $657,018,039.69
FSU: $505,080,464.70
USF: $453,401,017.43
FIU: $417,225,404.33
UCF: $504,046,875.76
FAMU: $168,474,998.12
FAU: $261,498,003.21
UWF: $121,618,965.92
UNF: $146,769,630.26
FGCU: $117,829,139.79
UF: 86 percent
FSU: 76 percent
USF: 61 percent
FIU: 50 percent
UCF: 66 percent
FAMU: 39 percent
FAU: 40 percent
UWF: 42 percent
UNF: 48 percent
FGCU: 43 percent
UF: $6,570,180.40
FSU: $5,050,804.65
USF: $0.00*
FIU: $0.00*
UCF: $0.00*
FAMU: $0.00*
FAU: $0.00*
UWF: $0.00*
UNF: $0.00*
FGCU: $0.00*
UF: 13260
FSU: 11042
USF: 15683
FIU: 9554*
UCF: 12824*
FAMU: 2962*
FAU: 9020
UWF: 2163
UNF: 3658*
FGCU: 2989
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for
each university]
UF: 19.07% of total
FSU: 14.66% of total
USF: 13.16% of total
FIU: 12.11% of total
UCF: 14.63% of total
FAMU: 4.89% of total
FAU: 7.59% of total
UWF: 3.53% of total
UNF: 4.26% of total
FGCU: 3.42% of total
---
[1 percent of base budget]
*Only UF and FSU
received an increase of 1
percent to their base budget
because their graduation
rate is higher than 70
percent.
*In cases where the number
of seniors was not provided
by the institution, the
number of seniors was
extrapolated based on their
share of the total student
population. On average,
seniors made up 25 percent
of the total student
population at Florida
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-UF: “Final Headcount Enrollment
by Class Level (1989-2013)”.
Office of Institutional Planning
and Research- UF Factbook.
Gainesville, FL 2013.
-FSU: “Headcount EnrollmentFall Semesters”. Office of
Institutional Research –FSU
Factbook. Tallahassee, FL 2013
universities.
-USF: “Student Headcount- Fall
2013”. University of South
Florida, Info Center. Tampa, FL
2013.
-FIU: “Historical Fall Headcount
by Student Level”. Florida
International University, Factbook.
Miami, FL 2013.
-UCF: “2013-2014 Enrollment”.
University of Central Florida,
Institutional Knowledge
Management. Orlando, FL 2013
-FAMU: “Demographics, 20082009 (entering year of 6-year
cohort)”. Florida A&M
University, Overview. Tallahassee,
FL 2013.
-FAU: “Headcount Enrollment by
Level & Gender”. Florida Atlantic
University, Factbook. Boca Raton,
FL 2013.
-UWF: “Enrollment by
Race/Ethnicity - Ethnicity by
Gender, Level, and Load”.
Institutional Research and
Effectiveness Support. University
of West Florida, Factbook.
Pensacola, FL 2013.
-UNF: “Fall Student Headcount by
Student Level”. University of
North Florida, Factbook.
Jacksonville, FL 2013
-FGCU: “Headcount Enrolled by
Class, Fall Terms”. Florida Gulf
Coast University, Board of
Trustees Quarterly Report. Fort
Myers, FL 2012.
Number of graduates
81
UF: 11404
FSU: 8392
USF: 9567
FIU: 4777
UCF: 8464
FAMU: 1155
FAU: 3608
UWF: 952
UNF: 1756
[Number of seniors] x
[Each university’s 6-year
graduation rate]
-See above
Projected number of
graduates
FGCU: 1285
UF: 11410
FSU: 8397
USF: 9567
FIU: 4777
UCF: 8464
FAMU: 1155
FAU: 3608
UWF: 908
UNF: 1756
FGCU: 1285
[Number of seniors] x
[Each university’s
graduation rate when each
policy solution applied]
-See above
Actual money per
graduate
UF: $274,826,760.00
FSU: $202,245,272.00
USF: $230,555,783.00
FIU: $115,125,700.00
UCF: $203,978,544.00
FAMU: $27,839,838.00
FAU: $86,952,800.00
UWF: $21,893,886.00
UNF: $42,315,744.00
FGCU: $30,975,007.00
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
Additional money made
by graduates
UF: $159,783.00
FSU: $133,056.10
USF: $0.00
FIU: $0.00
UCF: $0.00
FAMU: $0.00
FAU: $0.00
UWF: $0.00
UNF: $0.00
FGCU: $0.00
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
82
83
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Totals
Total
19.07% $657,018,039.69
14.66% $505,080,464.70
4.89% $168,474,998.12
7.59% $261,498,003.21
3.53% $121,618,965.92
13.16% $453,401,017.43
4.26% $146,769,630.26
12.11% $417,225,404.33
3.42% $117,829,139.79
14.63% $504,046,875.76
1.02% $35,142,024.15
98.34% $3,445,296,485.00
*does not equal
100% because
New College of
Florida and
Florida
Polytechic
University
removed
School Percent of Total
-$11,620,985.04
86.05000%
76.05000%
39.00%
40.00%
42.00%
61.00%
48.00%
50.00%
43.00%
66.00%
83155
13260
11042
2962
9020
2163
15683
3658
9554
2989
12824
51316
11404
8392
1155
3608
908
9567
1756
4777
1285
8464
51328
11410
8397
1155
3608
908
9567
1756
4777
1285
8464
$1,236,709,334.00
$274,826,760.00
$202,245,272.00
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$1,237,002,173.10
$274,986,543.00
$202,378,328.10
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$292,839.10
$159,783.00
$133,056.10
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
New Base New projected graduation rate Number of seniors Number of graduates Projected number graduates Actual money per graduate Additional money made by graduates Potential Earnings - Actual Earnings
86.00% $6,570,180.40 $663,588,220.09
76.00% $5,050,804.65 $510,131,269.35
39.00%
0 $168,474,998.12
40.00%
0 $261,498,003.21
42.00%
0 $121,618,965.92
61.00%
0 $453,401,017.43
48.00%
0 $146,769,630.26
50.00%
0 $417,225,404.33
43.00%
0 $117,829,139.79
66.00%
0 $504,046,875.76
6-year Graduation Rates Solution 3
Sensitivity Analysis, Solution 3, 0.05 percent Calculations:
Solution 3, 0.1 percent
STATISTIC
University Base
Budgets
6-year graduation rates
Application of Solution
3 on base budgets
Number of seniors
VALUE
UF: $657,018,039.69
FSU: $505,080,464.70
USF: $453,401,017.43
FIU: $417,225,404.33
UCF: $504,046,875.76
FAMU: $168,474,998.12
FAU: $261,498,003.21
UWF: $121,618,965.92
UNF: $146,769,630.26
FGCU: $117,829,139.79
UF: 86 percent
FSU: 76 percent
USF: 61 percent
FIU: 50 percent
UCF: 66 percent
FAMU: 39 percent
FAU: 40 percent
UWF: 42 percent
UNF: 48 percent
FGCU: 43 percent
UF: $6,570,180.40
FSU: $5,050,804.65
USF: $0.00*
FIU: $0.00*
UCF: $0.00*
FAMU: $0.00*
FAU: $0.00*
UWF: $0.00*
UNF: $0.00*
FGCU: $0.00*
UF: 13260
FSU: 11042
USF: 15683
FIU: 9554*
UCF: 12824*
FAMU: 2962*
FAU: 9020
UWF: 2163
UNF: 3658*
FGCU: 2989
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for
each university]
UF: 19.07% of total
FSU: 14.66% of total
USF: 13.16% of total
FIU: 12.11% of total
UCF: 14.63% of total
FAMU: 4.89% of total
FAU: 7.59% of total
UWF: 3.53% of total
UNF: 4.26% of total
FGCU: 3.42% of total
---
[1 percent of base budget]
*Only UF and FSU
received an increase of 1
percent to their base budget
because their graduation
rate is higher than 70
percent.
*In cases where the number
of seniors was not provided
by the institution, the
number of seniors was
extrapolated based on their
share of the total student
population. On average,
seniors made up 25 percent
of the total student
population at Florida
universities.
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-UF: “Final Headcount Enrollment
by Class Level (1989-2013)”.
Office of Institutional Planning
and Research- UF Factbook.
Gainesville, FL 2013.
-FSU: “Headcount EnrollmentFall Semesters”. Office of
Institutional Research –FSU
Factbook. Tallahassee, FL 2013
-USF: “Student Headcount- Fall
84
2013”. University of South
Florida, Info Center. Tampa, FL
2013.
-FIU: “Historical Fall Headcount
by Student Level”. Florida
International University, Factbook.
Miami, FL 2013.
-UCF: “2013-2014 Enrollment”.
University of Central Florida,
Institutional Knowledge
Management. Orlando, FL 2013
-FAMU: “Demographics, 20082009 (entering year of 6-year
cohort)”. Florida A&M
University, Overview. Tallahassee,
FL 2013.
-FAU: “Headcount Enrollment by
Level & Gender”. Florida Atlantic
University, Factbook. Boca Raton,
FL 2013.
-UWF: “Enrollment by
Race/Ethnicity - Ethnicity by
Gender, Level, and Load”.
Institutional Research and
Effectiveness Support. University
of West Florida, Factbook.
Pensacola, FL 2013.
-UNF: “Fall Student Headcount by
Student Level”. University of
North Florida, Factbook.
Jacksonville, FL 2013
-FGCU: “Headcount Enrolled by
Class, Fall Terms”. Florida Gulf
Coast University, Board of
Trustees Quarterly Report. Fort
Myers, FL 2012.
Number of graduates
Projected number of
85
UF: 11404
FSU: 8392
USF: 9567
FIU: 4777
UCF: 8464
FAMU: 1155
FAU: 3608
UWF: 952
UNF: 1756
FGCU: 1285
UF: 11417
[Number of seniors] x
[Each university’s 6-year
graduation rate]
-See above
[Number of seniors] x
-See above
graduates
FSU: 8403
USF: 9567
FIU: 4777
UCF: 8464
FAMU: 1155
FAU: 3608
UWF: 908
UNF: 1756
FGCU: 1285
[Each university’s
graduation rate when each
policy solution applied]
Actual money per
graduate
UF: $274,826,760.00
FSU: $202,245,272.00
USF: $230,555,783.00
FIU: $115,125,700.00
UCF: $203,978,544.00
FAMU: $27,839,838.00
FAU: $86,952,800.00
UWF: $21,893,886.00
UNF: $42,315,744.00
FGCU: $30,975,007.00
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
Additional money made
by graduates
UF: $319,566.00
FSU: $266,112.20
USF: $0.00
FIU: $0.00
UCF: $0.00
FAMU: $0.00
FAU: $0.00
UWF: $0.00
UNF: $0.00
FGCU: $0.00
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
86
87
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Totals
Total
19.07% $657,018,039.69
14.66% $505,080,464.70
4.89% $168,474,998.12
7.59% $261,498,003.21
3.53% $121,618,965.92
13.16% $453,401,017.43
4.26% $146,769,630.26
12.11% $417,225,404.33
3.42% $117,829,139.79
14.63% $504,046,875.76
1.02% $35,142,024.15
98.34% $3,445,296,485.00
*does not equal
100% because
New College of
Florida and
Florida
Polytechic
University
removed
School Percent of Total
-$11,620,985.04
86.10000%
76.10000%
39.00%
40.00%
42.00%
61.00%
48.00%
50.00%
43.00%
66.00%
83155
13260
11042
2962
9020
2163
15683
3658
9554
2989
12824
51316
11404
8392
1155
3608
908
9567
1756
4777
1285
8464
51340
11417
8403
1155
3608
908
9567
1756
4777
1285
8464
$1,236,709,334.00
$274,826,760.00
$202,245,272.00
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$1,237,295,012.20
$275,146,326.00
$202,511,384.20
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$585,678.20
$319,566.00
$266,112.20
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
New Base New projected graduation rate Number of seniors Number of graduates Projected number graduates Actual money per graduate Additional money made by graduates Potential Earnings - Actual Earnings
86.00% $6,570,180.40 $663,588,220.09
76.00% $5,050,804.65 $510,131,269.35
39.00%
0 $168,474,998.12
40.00%
0 $261,498,003.21
42.00%
0 $121,618,965.92
61.00%
0 $453,401,017.43
48.00%
0 $146,769,630.26
50.00%
0 $417,225,404.33
43.00%
0 $117,829,139.79
66.00%
0 $504,046,875.76
6-year Graduation Rates Solution 3
Sensitivity Analysis, Solution 3, 0.1 percent Calculations:
Statistical Inputs, Sensitivity Analysis-Solution 4
Solution 4, 0.05 percent:
STATISTIC
University Base
Budgets
6-year graduation rates
Application of Solution
4 on base budgets
Number of seniors
88
VALUE
UF: $657,018,039.69
FSU: $505,080,464.70
USF: $453,401,017.43
FIU: $417,225,404.33
UCF: $504,046,875.76
FAMU: $168,474,998.12
FAU: $261,498,003.21
UWF: $121,618,965.92
UNF: $146,769,630.26
FGCU: $117,829,139.79
UF: 86 percent
FSU: 76 percent
USF: 61 percent
FIU: 50 percent
UCF: 66 percent
FAMU: 39 percent
FAU: 40 percent
UWF: 42 percent
UNF: 48 percent
FGCU: 43 percent
UF: $6,570,180.40
FSU: $5,050,804.65
USF: -$4,534,010.17
FIU: -$4,172,254.04
UCF: -$5,040,468.76
FAMU: -$1,684,749.98
FAU: -$2,614,980.03
UWF: -$1,216,189.66
UNF: -$1,467,696.30
FGCU: -$1,178,291.40
UF: 13260
FSU: 11042
USF: 15683
FIU: 9554*
UCF: 12824*
FAMU: 2962*
FAU: 9020
UWF: 2163
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for
each university]
UF: 19.07% of total
FSU: 14.66% of total
USF: 13.16% of total
FIU: 12.11% of total
UCF: 14.63% of total
FAMU: 4.89% of total
FAU: 7.59% of total
UWF: 3.53% of total
UNF: 4.26% of total
FGCU: 3.42% of total
---
[1 percent of base budget]
* UF and FSU received an
increase of 1 percent to
their base budget because
their graduation rate is
higher than 70 percent.
*Base budgets at all other
universities were cut by 1
percent because their
graduation rate is lower
than 70 percent.
*In cases where the number
of seniors was not provided
by the institution, the
number of seniors was
extrapolated based on their
share of the total student
population. On average,
seniors made up 25 percent
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-UF: “Final Headcount Enrollment
by Class Level (1989-2013)”.
Office of Institutional Planning
and Research- UF Factbook.
Gainesville, FL 2013.
-FSU: “Headcount EnrollmentFall Semesters”. Office of
UNF: 3658*
FGCU: 2989
of the total student
population at Florida
universities.
Institutional Research –FSU
Factbook. Tallahassee, FL 2013
-USF: “Student Headcount- Fall
2013”. University of South
Florida, Info Center. Tampa, FL
2013.
-FIU: “Historical Fall Headcount
by Student Level”. Florida
International University, Factbook.
Miami, FL 2013.
-UCF: “2013-2014 Enrollment”.
University of Central Florida,
Institutional Knowledge
Management. Orlando, FL 2013
-FAMU: “Demographics, 20082009 (entering year of 6-year
cohort)”. Florida A&M
University, Overview. Tallahassee,
FL 2013.
-FAU: “Headcount Enrollment by
Level & Gender”. Florida Atlantic
University, Factbook. Boca Raton,
FL 2013.
-UWF: “Enrollment by
Race/Ethnicity - Ethnicity by
Gender, Level, and Load”.
Institutional Research and
Effectiveness Support. University
of West Florida, Factbook.
Pensacola, FL 2013.
-UNF: “Fall Student Headcount by
Student Level”. University of
North Florida, Factbook.
Jacksonville, FL 2013
-FGCU: “Headcount Enrolled by
Class, Fall Terms”. Florida Gulf
Coast University, Board of
Trustees Quarterly Report. Fort
Myers, FL 2012.
Number of graduates
89
UF: 11404
FSU: 8392
USF: 9567
FIU: 4777
UCF: 8464
FAMU: 1155
FAU: 3608
[Number of seniors] x
[Each university’s 6-year
graduation rate]
-See above
Projected number of
graduates
UWF: 952
UNF: 1756
FGCU: 1285
UF: 11410
FSU: 8397
USF: 9559
FIU: 4772
UCF: 8457
FAMU: 1154
FAU: 3603
UWF: 907
UNF: 1754
FGCU: 1284
[Number of seniors] x
[Each university’s
graduation rate when each
policy solution applied]
-See above
Actual money per
graduate
UF: $274,826,760.00
FSU: $202,245,272.00
USF: $230,555,783.00
FIU: $115,125,700.00
UCF: $203,978,544.00
FAMU: $27,839,838.00
FAU: $86,952,800.00
UWF: $21,893,886.00
UNF: $42,315,744.00
FGCU: $30,975,007.00
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
Additional money made
by graduates
UF: $159,783.00
FSU: $133,056.10
USF: -$188,980.15
FIU: -$115,125.70
UCF: -$154,529.20
FAMU: -$35,692.10
FAU: -$108,691.00
UWF: -$26,064.15
UNF: -$44,078.90
FGCU: -$36,017.45
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
90
91
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Totals
Total
19.07% $657,018,039.69
14.66% $505,080,464.70
4.89% $168,474,998.12
7.59% $261,498,003.21
3.53% $121,618,965.92
13.16% $453,401,017.43
4.26% $146,769,630.26
12.11% $417,225,404.33
3.42% $117,829,139.79
14.63% $504,046,875.76
1.02% $35,142,024.15
98.34% $3,445,296,485.00
*does not equal
100% because
New College of
Florida and
Florida
Polytechic
University
removed
School Percent of Total
86.00%
76.00%
39.00%
40.00%
42.00%
61.00%
48.00%
50.00%
43.00%
66.00%
$10,287,655.30
86.05000%
76.05000%
38.95000%
39.95000%
41.95000%
60.95000%
47.95000%
49.95000%
42.95000%
65.95000%
83155
13260
11042
2962
9020
2163
15683
3658
9554
2989
12824
51316
11404
8392
1155
3608
908
9567
1756
4777
1285
8464
51298
11410
8397
1154
3603
907
9559
1754
4772
1284
8457
$1,236,709,334.00
$274,826,760.00
$202,245,272.00
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$1,236,292,994.45
$274,986,543.00
$202,378,328.10
$27,804,145.90
$86,844,109.00
$21,867,821.85
$230,366,802.85
$42,271,665.10
$115,010,574.30
$30,938,989.55
$203,824,014.80
-$416,339.55
$159,783.00
$133,056.10
-$35,692.10
-$108,691.00
-$26,064.15
-$188,980.15
-$44,078.90
-$115,125.70
-$36,017.45
-$154,529.20
New Base New projected graduation rate Number of seniors Number of graduates Projected number graduates Actual money per graduate Additional money made by graduates Potential Earnings - Actual Earnings
$6,570,180.40 $663,588,220.09
$5,050,804.65 $510,131,269.35
-$1,684,749.98 $166,790,248.14
-$2,614,980.03 $258,883,023.18
-$1,216,189.66 $120,402,776.26
-$4,534,010.17 $448,867,007.25
-$1,467,696.30 $145,301,933.96
-$4,172,254.04 $413,053,150.29
-$1,178,291.40 $116,650,848.39
-$5,040,468.76 $499,006,407.00
6-year Graduation Rates (2013) Solution 4
Sensitivity Analysis, Solution 4, 0.05 percent Calculations:
Solution 4, 0.1 percent
STATISTIC
University Base
Budgets
6-year graduation rates
Application of Solution
4 on base budgets
Number of seniors
92
VALUE
UF: $657,018,039.69
FSU: $505,080,464.70
USF: $453,401,017.43
FIU: $417,225,404.33
UCF: $504,046,875.76
FAMU: $168,474,998.12
FAU: $261,498,003.21
UWF: $121,618,965.92
UNF: $146,769,630.26
FGCU: $117,829,139.79
UF: 86 percent
FSU: 76 percent
USF: 61 percent
FIU: 50 percent
UCF: 66 percent
FAMU: 39 percent
FAU: 40 percent
UWF: 42 percent
UNF: 48 percent
FGCU: 43 percent
UF: $6,570,180.40
FSU: $5,050,804.65
USF: -$4,534,010.17
FIU: -$4,172,254.04
UCF: -$5,040,468.76
FAMU: -$1,684,749.98
FAU: -$2,614,980.03
UWF: -$1,216,189.66
UNF: -$1,467,696.30
FGCU: -$1,178,291.40
UF: 13260
FSU: 11042
USF: 15683
FIU: 9554*
UCF: 12824*
FAMU: 2962*
FAU: 9020
UWF: 2163
UNF: 3658*
FGCU: 2989
CALCULATION
METHOD
[Total state appropriations
for universities excluding
special units
($3,445,296,485)] x
[Percentage of total for
each university]
UF: 19.07% of total
FSU: 14.66% of total
USF: 13.16% of total
FIU: 12.11% of total
UCF: 14.63% of total
FAMU: 4.89% of total
FAU: 7.59% of total
UWF: 3.53% of total
UNF: 4.26% of total
FGCU: 3.42% of total
---
[1 percent of base budget]
* UF and FSU received an
increase of 1 percent to
their base budget because
their graduation rate is
higher than 70 percent.
*Base budgets at all other
universities were cut by 1
percent because their
graduation rate is lower
than 70 percent.
*In cases where the number
of seniors was not provided
by the institution, the
number of seniors was
extrapolated based on their
share of the total student
population. On average,
seniors made up 25 percent
of the total student
population at Florida
SOURCE(S)
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-“2013-2014 Allocation Summary
and Workpapers”. State
University System of Florida,
Board of Governors. Tallahassee,
FL 2013
-“Annual Accountability Report
2012-2013”. State University
System of Florida, Board of
Governors. Tallahassee, FL 2013
-UF: “Final Headcount Enrollment
by Class Level (1989-2013)”.
Office of Institutional Planning
and Research- UF Factbook.
Gainesville, FL 2013.
-FSU: “Headcount EnrollmentFall Semesters”. Office of
Institutional Research –FSU
Factbook. Tallahassee, FL 2013
universities.
-USF: “Student Headcount- Fall
2013”. University of South
Florida, Info Center. Tampa, FL
2013.
-FIU: “Historical Fall Headcount
by Student Level”. Florida
International University, Factbook.
Miami, FL 2013.
-UCF: “2013-2014 Enrollment”.
University of Central Florida,
Institutional Knowledge
Management. Orlando, FL 2013
-FAMU: “Demographics, 20082009 (entering year of 6-year
cohort)”. Florida A&M
University, Overview. Tallahassee,
FL 2013.
-FAU: “Headcount Enrollment by
Level & Gender”. Florida Atlantic
University, Factbook. Boca Raton,
FL 2013.
-UWF: “Enrollment by
Race/Ethnicity - Ethnicity by
Gender, Level, and Load”.
Institutional Research and
Effectiveness Support. University
of West Florida, Factbook.
Pensacola, FL 2013.
-UNF: “Fall Student Headcount by
Student Level”. University of
North Florida, Factbook.
Jacksonville, FL 2013
-FGCU: “Headcount Enrolled by
Class, Fall Terms”. Florida Gulf
Coast University, Board of
Trustees Quarterly Report. Fort
Myers, FL 2012.
Number of graduates
93
UF: 11404
FSU: 8392
USF: 9567
FIU: 4777
UCF: 8464
FAMU: 1155
FAU: 3608
UWF: 952
UNF: 1756
[Number of seniors] x
[Each university’s 6-year
graduation rate]
-See above
Projected number of
graduates
Actual money per
graduate
Additional money made
by graduates
94
FGCU: 1285
UF: 11417
FSU: 8403
USF: 9551
FIU: 4767
UCF: 8451
FAMU: 1152
FAU: 3599
UWF: 906
UNF: 1752
FGCU: 1282
UF: $274,826,760.00
FSU: $202,245,272.00
USF: $230,555,783.00
FIU: $115,125,700.00
UCF: $203,978,544.00
FAMU: $27,839,838.00
FAU: $86,952,800.00
UWF: $21,893,886.00
UNF: $42,315,744.00
FGCU: $30,975,007.00
UF: $319,566.00
FSU: $266,112.20
USF: -$377,960.30
FIU: -$230,251.40
UCF: -$309,058.40
FAMU: -$71,384.20
FAU: -$217,382.00
UWF: -$52,128.30
UNF: -$88,157.80
FGCU: -$72,034.90
[Number of seniors] x
[Each university’s
graduation rate when each
policy solution applied]
-See above
[Number of graduates] x
[$24,100 additional earning
with completion of an
undergraduate education]
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
([Projected number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education]) –
([Actual number of
graduates] x [$24,100
additional earnings with
completion of an
undergraduate education])
-“The College Payoff; Education,
Occupation, Lifetime Earnings”.
Center on Education and the
Workforce, Georgetown
University. Washington D.C. 2011.
95
UF
FSU
FAMU
FAU
UWF
USF
UNF
FIU
FGCU
UCF
Other
Totals
Total
19.07% $657,018,039.69
14.66% $505,080,464.70
4.89% $168,474,998.12
7.59% $261,498,003.21
3.53% $121,618,965.92
13.16% $453,401,017.43
4.26% $146,769,630.26
12.11% $417,225,404.33
3.42% $117,829,139.79
14.63% $504,046,875.76
1.02% $35,142,024.15
98.34% $3,445,296,485.00
*does not equal
100% because
New College of
Florida and
Florida
Polytechic
University
removed
School Percent of Total
86.00%
76.00%
39.00%
40.00%
42.00%
61.00%
48.00%
50.00%
43.00%
66.00%
$10,287,655.30
86.10000%
76.10000%
38.90000%
39.90000%
41.90000%
60.90000%
47.90000%
49.90000%
42.90000%
65.90000%
83155
13260
11042
2962
9020
2163
15683
3658
9554
2989
12824
51316
11404
8392
1155
3608
908
9567
1756
4777
1285
8464
51281
11417
8403
1152
3599
906
9551
1752
4767
1282
8451
$1,236,709,334.00
$274,826,760.00
$202,245,272.00
$27,839,838.00
$86,952,800.00
$21,893,886.00
$230,555,783.00
$42,315,744.00
$115,125,700.00
$30,975,007.00
$203,978,544.00
$1,235,876,654.90
$275,146,326.00
$202,511,384.20
$27,768,453.80
$86,735,418.00
$21,841,757.70
$230,177,822.70
$42,227,586.20
$114,895,448.60
$30,902,972.10
$203,669,485.60
-$832,679.10
$319,566.00
$266,112.20
-$71,384.20
-$217,382.00
-$52,128.30
-$377,960.30
-$88,157.80
-$230,251.40
-$72,034.90
-$309,058.40
New Base New projected graduation rate Number of seniors Number of graduates Projected number graduates Actual money per graduate Additional money made by graduates Potential Earnings - Actual Earnings
$6,570,180.40 $663,588,220.09
$5,050,804.65 $510,131,269.35
-$1,684,749.98 $166,790,248.14
-$2,614,980.03 $258,883,023.18
-$1,216,189.66 $120,402,776.26
-$4,534,010.17 $448,867,007.25
-$1,467,696.30 $145,301,933.96
-$4,172,254.04 $413,053,150.29
-$1,178,291.40 $116,650,848.39
-$5,040,468.76 $499,006,407.00
6-year Graduation Rates Solution 4
Sensitivity Analysis, Solution 4, 0.1 percent Calculations:
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