SB 18-133

Senate Bill 18-133, also known as Higher Education Certificate Performance Funding, aims to increase the financial incentive for higher education institutions in Colorado by setting a minimum performance funding rate. Under this bill, each certificate awarded would receive at least half of the funding that a bachelor's degree receives. This change is intended to encourage colleges and universities to offer more certificates, which can help students gain skills faster and potentially enter the workforce sooner. The bill has been signed into law, meaning it will now be implemented as part of Colorado’s higher education policies.

Official Summary

Under current law, higher education fee-for-service contracts include performance funding based in part on the number of degrees or certificates awarded by each institution. The bill sets the minimum amount of performance funding received for each certificate awarded at 50% of the amount for each bachelor's degree awarded. (Note: This summary applies to this bill as introduced.) , Read More