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Florida Board of Governors, yesterday, announced the State University Systems’ Performance-Based Funding allocations for 2022-23. FAMU scored 72 out of a possible 100 points,10 points below last year’s adjusted score of 82. The university was one of three universities placed on the BOG’s “watch list”.
FAMU’s score was the ninth best among Florida's 12 public universities. Only FGCU (71 pts), FPU (66 pts) and NCF (66) had lower scores.
A silver lining
Despite the drop in overall score, FAMU saw improvement in eight of the 10 performance metrics.
FAMU showed gains in the Academic Progress Rate, a measure of freshmen who continued on to the sophomore year with a 2.0 GPA or greater, a key barometer for college success. The number of degrees awarded to Florida College System Associate of Arts transfer students continues to rise.
Score good enough for $12.5m in new money
In terms of cash, the university will have 100 percent of its institutional investment of $14,012,282 returned, and receive an additional $12,587,304 in state investments for a total of $26,599,586.
“Moving forward, we will maintain our focus on elevating our annual outcomes on the Performance Based Funding Model, as guided by the ambitious goals and priorities outlined in the new university strategic plan. Key areas of emphasis include retention and graduation rates, post-graduate employment outcomes, and degree production in STEM and health fields,” said VP for Academic Affairs and Provost Maurice Edington. “We will make strategic investments in our academic programs, expand student recruitment, and aggressively promote our brand, with the overall goal of firmly establishing FAMU as a leading national public university.
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BOG requested $150 million to improve UF, FSU & USF's national ranking
