The purpose of the non-experimental quantitative research study was to identify if there is a significant difference between the types of budget model an institution utilizes, institutional size, and student enrollment, retention, and graduation rates. This study was to identify if there is significant difference between institutional size and the type budget model utilized. Member institutions of the American Association of State Colleges and Universities (AASCU) were selected to participate in this study due to their similarities of mission and admissions policy. AASCU institutions share a common mission that focuses on access, innovation, regional support, and inclusion. AASCU institutions are all public regional institutions. Larger institutions within the study presented significantly higher retention and graduation rates compared to medium size institutions. I used the Carnegie classification of size as institutions that have enrollments less than 3,000 as small, institutions that have enrollments less than 10,000 as medium, and institutions with enrollments greater than 10,000 as large. I study found no significant difference in the types of budget model utilized and the student outcomes related to enrollment, retention, or graduation rates. I did indicate that institutions that utilized a more decentralized budgeting approach had higher enrollment percentages and higher retention and graduation rates than institutions that utilized a centralized budget model. I also did not identify any significant difference in the size of an institution and the type of budget model utilized. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://bibliotheek.ehb.be:2222/en-US/products/dissertations/individuals.shtml.]