Board of Governors releases money to USF, UCF and more
The money has arrived.
Florida's Board of Governors, which oversees the State University System, has officially released $20 million in performance funding dollars. The University of South Florida and the University of Central Florida fared best in the distribution, each getting $2.6 million. The awards were based on the average wages of employed graduates with bachelor's degrees, the percent of those graduates who have jobs or are continuing their education, and how much it costs on average for students to get undergraduate degrees.
This round of funding is one step toward a bigger model being developed with 10 metrics, tied to a $50 million legislative budget request for the upcoming legislative session.