Oct 27, 2010 9:35 AM by Nichole Larkey
BATON ROUGE, La. (AP) - Louisiana's public colleges are entering into contracts pledging to boost graduation rates, improve student
achievement and eliminate under-performing programs.
In exchange, they're getting to increase tuition by up to 10 percent a year.
The Board of Regents, which oversees higher education in the state, considers the performance agreements Wednesday for 34 campuses.
If the agreements are approved, the colleges will be able to access the increased tuition money, which they've been charging since the start of the fall semester, but which has been held in escrow until they work out the details of the performance contracts.
The voluntary, six-year agreements are tied to a new law called the GRAD Act. The Regents board will measure whether schools are meeting their improvement goals each year to determine if they can continue raising tuition.