In order actually to solve a problem, you need to understand it, which it isn’t at all clear that Louisiana’s Legislative Higher Education Funding and Formula Task Force does.
As the landscape of higher education continues to change, senators thought it would be a good idea to review the outcomes-based funding formula. It’s a good idea, considering the challenges funding for higher education faces, beginning with the fact of the “demographic cliff” in the country, or that traditional-aged college students will fall in number nationally over the next several years.
At the hearing last week of legislators and higher education officials, other presumed variables were presented that could impact funding: increased workforce development demands, higher price inflation, escalating costs of intercollegiate athletic programs, and reduced federal financial aid. On top of all of this, one official argued that supposedly higher education fell over $800 million annually short of necessary, although it was not explained how that figure was derived but presumably through the lens of the existing formula of 70 percent basic, 30 percent outcomes.
