I have done a little bit of research on performance funding over the last decade. That is the most charitable reading of the research evidence possible. The major benefit of PBF is the trust it garners from legislators to keep funding higher ed. https://www.insidehighered.com/opinion/views/2025/03/14/moment-truth-completion-agenda-opinion
Comments
https://informedstates.org/s/InformEd-States-Working-Paper_PBFSuccess.pdf
I would be curious to look at how many times legislatures have provided special funding to help cover funding gaps.
Happened in Indiana.