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Cecilia M. Orphan; Sophia Laderman – Journal of Higher Education, 2024
Performance-funding for higher education diffused across the U.S. following the Great Recession that led to funding cuts for the system. Postsecondary funding never returned to pre-Recession levels, and public colleges are held to higher expectations even as the funding they might use to meet these expectations has diminished. This is a challenge…
Descriptors: Higher Education, Public Colleges, Funding Formulas, Full State Funding
McKillip, Mary; Farrie, Danielle – Education Law Center, 2022
The Illinois Evidence-Based Funding for Student Success Act (EBF), a comprehensive overhaul of the state's school funding formula, was signed into law in August 2017. The Act requires an overall increase of more than $7 billion in state education aid and sets 2027 as the deadline to reach full funding of the EBF formula. The Act also sets $350…
Descriptors: School Funds, Educational Finance, Funding Formulas, State Legislation