Pennsylvania Statutes Title 24 P.S. Education § 20-2035-L. Performance-based funding formula

(i) Full-time, fall undergraduate students.

(ii) Students who have received a Pell Grant.

(iii) Students who transferred from a community college.

(iv) Students from a low-matriculation high school.

(v) Students who earned a high-demand degree.

(vi) Students who have earned 60 credits by the start of their third year.

(i) A proportion between 0 and 1 of the maximum allocation that is based upon an equal share between each State-related university.

(ii) A proportion between 0 and 1 of the maximum allocation that is based upon each State-related university's share of the total student-weighted count determined under subsection (b)(2).

(iii) The sum of the assigned proportions under subparagraphs (i) and (ii) shall equal 1.

(i) Multiply the amount available in the fund by 0.95.

(ii) Multiply the product determined in subparagraph (i) by the proportion determined under paragraph (1)(ii).

(iii) Divide the State-related university's student-weighted count calculated under subsection (b)(2) by the sum of the student-weighted count for all State-related universities calculated under subsection (b)(2).

(iv) Multiply the product determined under subparagraph (ii) by the quotient determined under subparagraph (iii).

(v) Multiply one-third by the proportion determined under paragraph (1)(i).

(vi) Multiply the product in subparagraph (i) by the product in subparagraph (v).

(vii) Add the products in subparagraphs (iv) and (vi).

(i) Four-year graduation rates for in-State, undergraduate students.

(ii) Six-year graduation rates for in-State, undergraduate students.

(iii) Six-year graduation rates for in-State, Pell-Grant-recipient undergraduate students.

(iv) High-demand degree production for in-State undergraduate students.

(i) A high-demand degree production target rate shall be determined as a proportion between 0 and 1.

(ii) Divide a State-related university's total bachelor's degrees awarded for the most recent year available by the Statewide bachelor's degrees awarded for the most recent year available.

(iii) Multiply the quotient in subparagraph (ii) by the short-term workforce demand projection.

(iv) Multiply the product in subparagraph (iii) by the proportion in subparagraph (i).

(i) For the performance metrics in subsection (d)(1)(i), (ii) and (iii), divide the current rate of each metric for the most recent year available by each metric's respective goal rate as determined in subsection (d)(3).

(ii) For the metric in subsection (d)(1)(iv), divide the number of high-demand degrees for the most recent year available by the product in subsection (d)(4)(iv).

(iii) Calculate the average of the quotients in subparagraphs (i) and (ii).

(i) Add the positive percentage point increases in the rates of the performance metrics in subsection (d)(1)(i), (ii) and (iii) from the most recent year of data available compared to the prior year.

(ii) Subtract the high-demand degrees awarded for the prior year from the high-demand degrees awarded for the most recent year data is available.

(iii) Divide the difference in subparagraph (ii) by the high-demand degrees awarded for the prior year.

(iv) Determine the greater of the quotient found in subparagraph (iii) or zero.

(v) Add the amounts in subparagraphs (i) and (iv).

(i) Add the amounts in paragraph (2)(v) for each State-related university.

(ii) Add the amounts in paragraph (3) for each State-related university.

(iii) Add the sums in subparagraphs (i) and (ii).

(iv) Add the sum in paragraph (2)(v) for the State-related university to the amount in paragraph (3) for the State-related university.

(v) Divide the sum in subparagraph (iv) for the State-related university by the sum in subparagraph (iii).

(vi) Multiply the quotient in subparagraph (v) by the amount available for the improvement and affordability allocation under paragraph (1).