Earlier this year, the Board of Governors promised to split $20 million among Florida universities that excelled in getting recent grads with bachelor’s degrees employed with good median wage salaries, while delivering their education at a low cost.
Which universities performed the best? On Wednesday, the University of Central Florida and the University of South Florida took top honors, took home $2.6 million apiece. Here’s a look at the winning stats. A year after graduation at USF, 69% of grads were employed or continuing their education. The average salary for grads, after one year, was $33,466. The cost of educating an average undergraduate came in at $23,276. A full database of performance metrics for all 11 universities can be found here.
Next year, the Board of Governors promises a pot of $50 million, while developing a larger set of metrics to evaluate schools. Below, this helpful graph from StateImpact Florida breaks down how each university performed across all three metrics: employment after one year, median wage after one year and average cost per undergrad.
Just yesterday, the Florida College System voted to institute a similar set of metrics at their own institutions. Nationally, there is a strong movement to tie college funding and financial aid delivery to schools based on a similar set of criteria, what President Obama in a recent speech on college reform referred to as higher education institutions “where you can get the most bang for your educational buck.”