Funding Guidelines

...what are the details of the Fiscal Year 2004 funding guideline calculation?

Statutory Authority Chapter 515 of the Acts of 1999 and Section 11-105(g)(4) of the Education Article of the Maryland Annotated Code require the Maryland Higher Education Commission to develop operating funding guidelines based on current and aspirational peer comparisons and other appropriate factors. These guidelines must be developed in consultation with all segments of higher education, including the presidents of home institutions.
 
Official MHEC Funding Guidelines for the University of Maryland, Baltimore

1. In fiscal year 2001 and thereafter, the funding guidelines for the University of Maryland, Baltimore shall be based on the unweighted average percentile of five composite peers selected by the six professional schools utilizing defining characteristics such as: size, location, programmatic structure, national reputation, and other key variables.
   
   
2. Composite Peers shall be selected from the Carnegie Research I and the Specialized-Medical institution classifications. Each peer selected shall contain a medical school and at least one of the other five professional schools.
   
   
3. The Maryland Higher Education Commission shall annually compute the unweighted average percentile of resources per full-time equivalent student appropriated to composite peers based on the latest national data.
   
   
4. The Maryland Higher Education Commission shall annually compute funding guidelines based on composite peer comparisions for eligible home institutions by multiplying the adjusted resources per full-time equivalent student by the projected enrollment and subtracting the projected tuition and mandatory fees.
   
   
5. Adjusted full-time equivalent enrollment shall be based on fall headcount enrollment data, taken from the Integrated Postsecondary Data Systems national database, according to the following formula: adjusted FTE students = full-time students + 1/3 part-time students. The adjusted full-time equivalent enrollment for the University of Maryland, Baltimore and its composite peers shall be weighted to reflect the full instructional cost ratios per full-time equivalent student. Each first professional student shall be equal to four full-time equivalent students.