The Tennessee Higher Education Commission (THEC) coordinates the statewide performance funding program. According to the THEC web site, the performance funding program is an incentive-based funding initiative "for public higher education that financially rewards exemplary institutional performance on selected measures of effectiveness." The funds are used to improve the quality of the University's academic programs and student services.

• Performance Funding 2014-2015 Report Summary
• Performance Funding 2013-2014 Report Summary
• Performance Funding 2012-2013 Report Summary
• Performance Funding 2011-2012 Report Summary
• Performance Funding 2010-2011 Report Summary
• Performance Funding 2009-2010 Report Summary

Under the performance funding program, institutions can earn up to 5.45% over their operating budget. The program is based on a 100 point scale. This program is reviewed every five years by institutional representatives, governing boards, and the THEC staff for needed modifications. The 2010-15 five-year cycle  addressed the following standards and maximum points awarded:

• General Education Assessment (15 points)
• Major Field Assessment (15 points)
• Accreditation and Program Review (25 points)
• Satisfaction Studies: Student/Alumni/Employer (10 points)
• Assessment Implementation - QEP (10 points)
• Quality of Student Access and Success (25 points)