New metrics for Ontario university and college funding include employment and graduation rates

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New metrics for Ontario university and college funding include employment and graduation rates
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By 2025, up to 60 per cent of operating grant funding from the Ministry of Training, Colleges and Universities will be linked to performance measures, although a number of details remain unclear, such as whether, or by how much, institutions could see their funding cut for failing to reach their targets

In an interview, Minister Merrilee Fullerton said the funding metrics align with the government’s priorities and will encourage institutions to be more transparent and to focus on areas where they perform best.

The list of metrics includes six described as skills and jobs outcomes: graduate earnings, experiential learning, skills and competencies, graduation rate, graduate employment, and one related to a particular institutional strength or focus. Linda Franklin, president of Colleges Ontario, applauded the government’s move to tie a greater proportion of funding to student outcomes.

“If it were easy to figure out how to tie funding to outcomes, it would have been done generations ago,” Mr. Gooch said. “This is an accountability tool.”One of the most interesting items on the government’s list is skills and competencies, which can be difficult to measure.

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