Tennessee Tech has scored high marks in the state’s funding formula.
During Monday’s Board of Trustees meeting, Tech President Phil Oldham said TTU scored atop all state locally governed universities, which could lead to additional funding appropriations to the university.
“An additional 6.5-percent increase in state appropriations is being proposed for this year or approximately $3 million,” Oldham said. “Doing the right things not only pays of for those students, but ultimately are reflected in the funding formula which is a positive indication.”
Oldham said a significant increase in bachelor’s degrees awarded is one of the top reasons why Tennessee Tech received a high score in the formula. Over the past three years Tech has increased bachelor’s degree production by over 20-percent.