Higher education commission looks to revive college performance funding

Indiana's Commission for Higher Education has taken a step towards improving public college outcomes by proposing a new performance funding formula that rewards institutions for on-time degree completion and graduate retention. This initiative aims to incentivize better academic results and could potentially lead to more efficient use of state resources. Such a move is significant as it directly ties funding to measurable success, which could enhance the overall quality and accountability of higher education in the state.