Higher education, College and Higher Education Excellence and Results (CHEER) Act established, bonus funding for eligible institutions authorized based on achievement of performance goals and objectives

Summary

The College and Higher Education Excellence and Results (CHEER) Act creates a state fund that awards extra money to public colleges and universities that hit specific student and institutional performance targets. It applies to a defined list of universities and community colleges and uses a new coordinating committee to set goals such as graduation rates, retention, and post‑graduation employment. The money comes from appropriations moved into the CHEER Fund and is managed by the Alabama Commission on Higher Education.

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