Key Funding Formula Elements
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DEGREES CONFERRED
The total number of bachelor's degrees, master's/education specialist's degrees and certificates, and doctoral degrees awarded in a given academic year. The academic year includes the summer, fall, and spring terms respectively.
Bachelor's Degrees Conferred - Formula Weight: 22.5%*
Master's / Ed Specialist Degrees Conferred - Formula Weight: 20.0%*
Doctoral Degrees Conferred - Formula Weight: 7.5%*
DEGREES PER FTE
The total number of bachelor's degrees awarded during an academic year per every 100 undergraduate degree-seeking full-time enrollment (FTE) generated in that same academic period. Formula Weight: 10.0%*
25.16
2018-19
25.24
2019-20
27.12
2020-21
26.79
2021-22
STUDENT PROGRESSION
The number of undergraduate students who reach the credit hour benchmarks of 30, 60, or 90 credit hours during an academic year.
GRADUATION RATES
The six-year graduation rate of first-time, full-time freshmen who receive a bachelor's degree as of the summer following their sixth year. Formula Weight: 15.0%*
2018-19
2019-20
2020-21
2021-22
ADULT LEARNERS ‡
The number of undergraduate students age 25 or older, at the time the outcome is achieved, who reach the credit hour benchmarks of 30, 60, or 90 credit hours during an academic year as well as those who were awarded bachelor's degrees in a given academic year.
Student Progression
Bachelor's Degrees
PELL-ELIGIBLE ** ‡
The number of undergraduate students eligible to receive the Federal Pell Grant for the academic year of the outcome who reach the credit hour benchmarks of 30, 60, or 90 credit hours during an academic year as well as those who were awarded bachelor's degrees in a given academic year.
Student Progression
Bachelor's Degrees
*Formula weights reflect the respective composition within the THEC outcomes-based funding formula, which determines the amount of State subsidized funds received by MTSU. The above data does not include the Research and Service component of the funding formula.
**Data provided is from the University’s live data system. THEC derives its Pell-eligible data from the TSAC eGrands Data System on a given date.
‡ These students are considered a focus population which in turn applies a premium to an institution’s progression and degrees awarded metrics. These students were recognized as "subpopulations" in the 2010-2015 model which applied a 40 percent premium to these metrics when low-income or adult students persisted or completed their degrees. These students are referred to as “focus populations” in the 2015-2020 model which applies elevated and graduated premium levels. Therefore, an 80 percent premium will be applied to students qualifying for one focus population and a 100 percent premium will be applied to those who qualify for two.
