This is the third paper on the topic of outcomes-based funding written by Dennis Jones for Complete College America. The first paper, "Performance Funding: From Idea to Action" (ED535356), proposed a set of design and implementation principles to help states develop and implement their own outcomes-based funding models. The second paper,…

Grant recipients risk losing millions of dollars in Race to the Top money if they fail to live up to their promises, federal education officials make clear. By threatening to revoke Hawaii's $75 million Race to the Top award for failing to make "adequate progress" on key milestones of its education reform plan, U.S. Secretary of…

The 12 winners of the federal Race to the Top competition have experienced near-universal challenges in turning their sweeping, multifaceted proposals into reality, among them a limited state capacity to execute fast, dramatic change and deeply rooted teacher-evaluation systems that have proved hard to transform. Reports unveiled by the U.S.…

Although a growing number of individuals are enrolling in college in response to the increasing payoff to higher education, more than a third of them never finish. College completion rates are especially disappointing for low-income students, in many cases because they tend to enter college underprepared academically but also because they have…

During the spring of 2004, the State of Colorado enacted legislation that fundamentally changed the mechanisms through which it financed its public higher education system, beginning with the 2005-06 academic year. Rather than appropriating funds directly to institutions, the legislation created the College Opportunity Fund (COF), the principal…

This report for the College Opportunity Fund (COF) covers the first two fiscal years of the COF program, FY05-06, FY06-07. It describes the implementation efforts of COF program stakeholders, the statistics of participation in the program, and concerns of the program. COF enables qualifying resident students to use higher education tuition…