53B-7-709.  Five-year performance goals.

(1)  As used in this section:

Terms Used In Utah Code 53B-7-709

(a)  “Access metric” means the metric described in Subsection 53B-7-706(2)(a)(ii)(A).

(b)  “Award” means a degree or certificate that an institution grants.

(c)  “Cohort” means a group of students, defined by the year in which the group enrolls in an institution.

(d)  “Five-year performance period” means the five-year period beginning on July 1, 2022, and ending on June 30, 2027.

(e)  “High-yield award” means the same as that term is defined in board policy under Subsection 53B-7-706(2)(c).

(f)  “High-yield awards metric” means the metric described in Subsection 53B-7-706(2)(a)(ii)(C).

(g)  “Institution” means an institution of higher education described in Section 53B-1-102.

(h)  “Standard completion time” means the time in which a student typically completes an award program.

(i)  “System” means the Utah System of Higher Education.

(j)  “Timely completion metric” means the metric described in Subsection 53B-7-706(2)(a)(ii)(B).

(2)  The goals established by the board in accordance with Subsection 53B-7-706(1)(a)(ii) for the Utah System of Higher Education for the five-year performance period are:

(a)  for the access metric, to increase the percent of Utah high school graduates participating in the system by 3.0%;

(b)  for the timely completion metric, to increase the system percentage of a cohort that completes an award in up to and including 1.5 times the standard completion time by 3.0%; and

(c)  for the high-yield awards metric, to increase the system percentage of high-yield awards by 3.0%.

(3)  In order to meet the system goals described in Subsection (2), the goals for each institution for the five-year performance period are:

(a)  for the access metric, to increase the institution’s share of Utah high school graduates participating in the system by a percentage that the board determines;

(b)  for the timely completion metric, to increase the percent of a cohort enrolled at the institution that completes an award in up to and including 1.5 times the standard completion time or sooner by a percentage that the board determines; and

(c)  for the high-yield awards metric, to increase the percent of high-yield awards the institution grants by a percentage that the board determines.

Enacted by Chapter 254, 2022 General Session