MyEdu Introduces Program to Help Tennessee Colleges Increase Graduation Rates

NASHVILLE, Tenn., March 22, 2011 /PRNewswire/ -- MyEdu – an established academic platform for college students – announced a partnership program designed to help Tennessee universities and community colleges increase their on-time graduation rate.

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Tennessee is shifting state funding for higher education institutions that graduate more students – a performance-based funding model(1) – instead of automatically granting money to larger universities – an enrollment based model.

MyEdu specifically designed their partnership program to give Tennessee schools a free option to help with on-time graduation rates, degree completion, block scheduling and managing transfer-credits.

"Performance-based funding only works when institutions have the tools to assist in meeting college completion goals," said Karen Holst, VP of Corporate Marketing for MyEdu, "The free services MyEdu provides to partner campuses will help institutions meet their goals without draining their budget."

The following applications are included in the partnership program to increase academic success:

More about MyEdu:

MyEdu.com, founded in 2008, is a leading provider of academic information and applications for students, parents and advisors. MyEdu houses the largest warehouse of course, professor, degree and college information in the United States. The use of MyEdu's applications has proven to cut college costs by up to 20% by reducing the amount of time it takes to earn a degree. MyEdu has also helped more than 2 million students graduate from college. To learn more, visit: www.myedu.com

(1) Performance based funding model: Tennessee institutions will be rewarded money based on degree completion, time to degree, transfer rates, the number of degrees awarded, or the number of low-income and minority graduates. Traditionally colleges and universities receive funding based on enrollment. One hundred percent of performance-based funding eventually will be tied to course completion and other performance indicators instead of to course enrollment. Because this is the first instance of large-scale performance-based funding, results are not yet known.

SOURCE MyEdu

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