The ΒιΆΉΣ³»­΄«Γ½ again ranks among the top universities in the state based on performance measures that include graduation rates and graduates’ employment and wages.

The Florida Board of Governors, which oversees the State University System, is scheduled to discuss the performance funding achievements of the state’s public universities today. ΒιΆΉΣ³»­΄«Γ½ earned 39 out of a possible 50 points, making it among the university system’s top three performers. ΒιΆΉΣ³»­΄«Γ½ has ranked in the top three among all state universities during all three years that performance-based funding has been awarded.

If the Legislature funds the Board of Governors’ request for performance funding this year, ΒιΆΉΣ³»­΄«Γ½ plans to use its share to hire more faculty members.

Last year, ΒιΆΉΣ³»­΄«Γ½ earned $21.8 million in performance funding, which it is using to hire new faculty members in high-demand areas from molecular biology to mechanical engineering.

β€œOur new faculty members will help ΒιΆΉΣ³»­΄«Γ½ strengthen academic programs in STEM fields and other strategic areas, and they will help students across our university thrive in the classroom and in research labs,” said ΒιΆΉΣ³»­΄«Γ½ President John C. Hitt. β€œWe hope this year’s allotment of performance funding will enable us to create a significant number of new faculty positions.”

ΒιΆΉΣ³»­΄«Γ½ also is using last year’s performance funding to pay for two new software programs with national track records of promoting student success. One such program, leveraging predictive analytics, uses student data to identify which students are struggling and likely to leave school. Counselors will reach out to those students to offer them services, from tutoring and counseling to help applying for financial aid.

The performance funding model implemented by the Board of Governors rewards universities based on their performance on 10 metrics critical to students, families and taxpayers — from student retention rates to the cost-per degree awarded.

ΒιΆΉΣ³»­΄«Γ½ by the Numbers:

  • The number of ΒιΆΉΣ³»­΄«Γ½ students who are employed full-time or continuing their education one year after graduation increased from 70-74 percent.
  • Median wages for recent graduates increased by 4 percent.
  • More students are graduating with bachelor’s degrees in high-wage, high-demand areas, up from 46 to 49 percent.
  • ΒιΆΉΣ³»­΄«Γ½ has improved its six-year graduation rate from 67 to 69 percent.
  • Roughly 38 percent of students receive Pell grants, earning ΒιΆΉΣ³»­΄«Γ½ the maximum score for the level of access it provides to low-income students.