For Immediate Release
September 22, 2005
BLOOMSBURG—Bloomsburg University of Pennsylvania will receive more than $2.6 million in the Pennsylvania State System of Higher Education’s performance funding program.
This year, PASSHE will distribute a total of $31.2 million to the 14 state-owned universities, including Bloomsburg. The performance funding program, begun six years ago, rewards universities for demonstrated success and continued improvement in areas related to student achievement, university excellence and operational efficiency.
BU's funding was a reflection of success in the following areas: retention and graduation rates, faculty productivity (as measured in total credits per faculty), percent of faculty who are minority, personnel ratio (as percentage of total expenditures), instructional costs, and percent of full time tenured faculty who have terminal degrees.
"The university community should feel quite proud to receive this external validation of the university's performance," said BU president Jessica Kozloff. "I'm particularly pleased that we do so well in those measures that directly relate to student success, such as retention and graduation rates. At the same time we score well in efficiency measures such as cost per student.
"That really sums up our university's mission: to provide an outstanding education that culminates in student success, while being good stewards of the Commonwealth's financial investment and of student's tuition dollars."
Kozloff added that the planning and budget committee will discuss how to allocate BU’s performance funds.
Performance funding comes from each university’s base appropriation. The universities this year qualified for a share of the funding based on their own improvement on a set of eight groups of performance measures, how well they fared compared to their own set of peer institutions outside of PASSHE on those same measures, and, on their performance in relation to System wide goals.
BU’s performance award of $2,678,082 is based on these criteria:
- Degrees awarded, bachelor’s and masters, $651,489
- Second-year persistence rate, overall and minority, $593,918
- Four- and six-year graduation rates, overall and minority, $449,510
- Faculty productivity, total credits per full-time equivalent (FTE) instructional faculty, $307,967
- Employee diversity, percent of faculty who are minority, $176,307
- Personnel ratio, total personnel compensation as a percentage of total expenditures, $119,149
- Instructional cost, undergraduate and master’s cost per FTE student, $279,796
- Terminal degrees, percent of full-time tenured and tenure-track instructional faculty with terminal degrees, $99,946
As in past years, the distribution of the funds has been adjusted based on institutional size. The amount of funding awarded to the universities has been increased every year, from $2 million in the first year of the program to an amount equivalent to 7 percent of PASSHE’s base appropriation from the Commonwealth this year.
Bloomsburg University is one of 14 universities in the Pennsylvania State System of Higher Education. The university serves approximately 8,000 students and offers 65 bachelor’s, 18 master’s and one doctoral degree.