A substantial body of literature has examined the effects of PBF on college access and student success metrics, but less is known about the financial implications of PBF adoption. A serious concern pertaining to PBF in higher education is the potential for an inequitable funding system in which already under-resourced institution types, such as community colleges and minority-serving institutions, receive even fewer resources. In this brief, we leverage the InformEd States PBF Policies Dataset to examine the impact of various PBF policies on institutions’ revenue from state appropriations.
