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Haslam Regrets Not Adequately Funding Higher Ed

Haslam Regrets Not Adequately Funding Higher Ed

CREATED May 19, 2014

NASHVILLE, Tenn. (AP) - Gov. Bill Haslam says he regrets not being able to adequately fund higher education so that all institutions that showed improved outcomes can be rewarded financially.

About four years ago, Tennessee started funding its colleges and universities based on outcomes like graduation rates and credit completions instead of enrollment.

However, the state opted not to add any new funding to higher education for the next budget cycle because of a revenue shortfall of more than $270 million.

That means some schools will be rewarded for their outcomes, and others won't.

Haslam told The Associated Press before a speech to a group of education writers on Monday that he hopes to fund higher education going forward so that schools can be properly rewarded.

(Copyright 2014 The Associated Press. All rights reserved.)