Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the SSI formula?

Formula ssi
0
Posted

What is the SSI formula?

0

The State Share of Instruction (SSI) formula is a formula used to distribute General Revenue Fund dollars appropriated to the SSI line item (235-501) in the Board of Regents’ operating budget. The purpose of the SSI is to pay for a portion of instructional costs incurred by campuses. At approximately $1.5 billion, the SSI represents 74% of the Regents’ total operating budget. SSI dollars are distributed directly to Ohio’s public colleges and universities through a formula primarily driven by enrollments that are classified into models based on levels of instruction and the statewide average costs of each model. For example, it costs more for a campus to offer an advanced engineering course than it costs to offer an introductory history course. Therefore, enrollments in introductory courses are funded at a lower rate than enrollments in more advanced courses. Additional information on the SSI formula is available on the Regents’ website at http://regents.ohio.gov/legislative/TheIssue/Pa

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123