Section 53B-7-709 - Five-year performance goals(1) As used in this section: (a) "Access metric" means the metric described in Subsection 53B-7-706(2)(a)(ii)(A).(b) "Award" means a degree or certificate that an institution grants.(c) "Cohort" means a group of students, defined by the year in which the group enrolls in an institution.(d) "Five-year performance period" means the five-year period beginning on July 1, 2022, and ending on June 30, 2027.(e) "High-yield award" means the same as that term is defined in board policy under Subsection 53B-7-706(2)(c).(f) "High-yield awards metric" means the metric described in Subsection 53B-7-706(2)(a)(ii)(C).(g) "Institution" means an institution of higher education described in Section 53B-1-102.(h) "Standard completion time" means the time in which a student typically completes an award program.(i) "System" means the Utah System of Higher Education.(j) "Timely completion metric" means the metric described in Subsection 53B-7-706(2)(a)(ii)(B).(2) The goals established by the board in accordance with Subsection 53B-7-706(1)(a)(ii) for the Utah System of Higher Education for the five-year performance period are: (a) for the access metric, to increase the percent of Utah high school graduates participating in the system by 3.0%;(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(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: (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;(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(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.Added by Chapter 254, 2022 General Session ,§ 1, eff. 5/4/2022.