(1)As used in this section:
(1)(a) "Access metric" means the metric described in Subsection 53H-8-304(2)(a)(i).
(1)(b) "Award" means a degree or certificate that an institution grants.
(1)(c) "Cohort" means a group of students, defined by the year in which the group enrolls in an institution.
(1)(d) "Five-year performance period" means the five-year period beginning on July 1, 2022, and ending on June 30, 2027.
(1)(e) "High-yield award" means the same as that term is defined in board policy under Subsection 53H-8-304(2)(c).
(1)(f) "High-yield awards metric" means the metric described in Subsection 53H-8-304(2)(a)(iii).
(1)(g) "Standard completion time" means the time in which a student typically completes an award program.
(1)(h) "System" means the Utah System of Higher Education.
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(1) As used in this section:
(1)(a) "Access metric" means the metric described in Subsection 53H-8-304(2)(a)(i).
(1)(b) "Award" means a degree or certificate that an institution grants.
(1)(c) "Cohort" means a group of students, defined by the year in which the group enrolls in an institution.
(1)(d) "Five-year performance period" means the five-year period beginning on July 1, 2022, and ending on June 30, 2027.
(1)(e) "High-yield award" means the same as that term is defined in board policy under Subsection 53H-8-304(2)(c).
(1)(f) "High-yield awards metric" means the metric described in Subsection 53H-8-304(2)(a)(iii).
(1)(g) "Standard completion time" means the time in which a student typically completes an award program.
(1)(h) "System" means the Utah System of Higher Education.
(1)(i) "Timely completion metric" means the metric described in Subsection 53H-8-304(2)(a)(ii).
(2) The goals established by the board in accordance with Subsection 53H-8-304(1)(a)(ii) for the Utah System of Higher Education for the five-year performance period are:
(2)(a) for the access metric, to increase the percent of Utah high school graduates participating in the system by 3.0%;
(2)(b) for the timely completion metric, to increase the system percentage of a cohort that completes an award in up to and including 1.5 times the standard completion time by 3.0%; and
(2)(c) for the high-yield awards metric, to increase the system percentage of high-yield awards by 3.0%.
(3) In order to meet the system goals described in Subsection (2), the goals for each institution for the five-year performance period are:
(3)(a) for the access metric, to increase the institution's share of Utah high school graduates participating in the system by a percentage that the board determines;
(3)(b) for the timely completion metric, to increase the percent of a cohort enrolled at the institution that completes an award in up to and including 1.5 times the standard completion time or sooner by a percentage that the board determines; and
(3)(c) for the high-yield awards metric, to increase the percent of high-yield awards the institution grants by a percentage that the board determines.