Making Opportunity Affordable-
Tennessee Initiative
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Funding Formula Review Committee
The Complete College Tennessee Act of 2010 includes a provision for an outcomes-based funding formula model. THEC, in conjunction with UT, TBR and state government representatives, will develop the model to be used for the 2011-12 budget cycle. The Formula Review Committee (FRC) will recommend changes to the calculations and design of the formula model that reflect the new Master Plan. The funding formula should provide incentives to institutions that reinforce the policy objectives of the Master Plan.
