Budget and Finance

♦ Success Challenge – This program is aimed at increasing the success of four-year

students and shortening the length of time to degree completion. As a major source

of funding, it is providing the opportunity to target new services and programs at

students having difficulty making normal academic progress. Part of these funds

assist in keeping our past fee increases below the past State fee cap and the State

average. The funds are allocated in proportion to the number of “at risk or under-

prepared” students enrolled and how they perform.

♦ Research Challenge – This program, which matches State funding for research to the

level of research grant holdings, has been around for many years. This funding is

being included with the other Challenge programs in our unrestricted income. Thus,

it can apply to new allocations or help support existing allocations.

♦ Priorities in Graduate Education – This is a focused program to improve key

graduate programs that will drive Ohio’s economy in the next century.

♦ FTE – Full Time Equivalent student, based on a 15 credit hour load per quarter.