Universities share $20 million in performance funding
State universities are finding out today how much they will receive in performance funding. This is the first time in recent history the state has attempted to reward schools based on how they perform on measurable categories instead of tying money to enrollment or specific project requests.
The funding is based on a point system for three categories. A school received two points for meeting the system-wide average, one point for falling slighty short of the average and zero points if they are way behind. There was an opportunity to receive three points for going far above average, but no schools met that threshold for any of the categories.
Two schools earned six points and will share the biggest portion of the funding. University of South Florida and University of Central Florida will each receive $2.6 million.
Earning $2.2 million for five points: Florida International University, Florida State University, Florida Gulf Coast University and University of North Florida.
University of Florida and Florida Atlantic University will receive $1.7 million for four points. University of West Florida will receive $1.3 million for three points.
Florida A&M University will receive $869,565 for earning two points and New College of Florida will receive $434,783 after receiving one point.
Read more on The Gradebook.