How did Pensacola State College fare in the performance funding metrics approved by the State Board of Education Thursday?

The agenda materials for the meeting, linked here, give details of the metrics and each state college’s score.

PSC’s results:

Job Placement or Continuing Education

The metric was defined as the percentage of graduates who were either employed or continuing their education in the year after graduation.

— 81.2 percent of last year’s graduates, (2012-2013 school year) were employed.

Completion rate

There are two metrics: percentage of students in an associate’s degree or certificate program who graduate within a set period; percentage of students in a bachelor’s program who graduate on time.

— 35.15 percent of students who started in the fall of 2010 graduates within 150 percent of the time required to complete their degree. Santa Fe State College had the best rate at 64.86 percent.

— If you measured how many students completed their degrees in twice the typical amount of time it should take, PSC saw 44.7 percent of their students complete.

Retention rate:

Metrics accounted for full- and part-time students in both associate’s degree and certificate programs and in bachelor’s degree programs.

A student must be enrolled in two, sequential fall terms in order to be counted as being retained for this measure.

— For full-time students, 61.39 percent of students from the 2012-2013 academic year were retained for the 2013-2014 year.

Palm Beach State College had the best retention rate at 75.44 percent.

— For part-time students, 49.42 percent of students from 2012-2013 were retained for 2013-2014.

Valencia College had the highest rate at 58.55 percent.

Entry level wage:

How much graduates are earning one year after graduation.

The metric was defined as the average wage of graduates found working full-time in the Florida Education and Training Placements Information Program database compared to entry-level wages in the college’s service area as determined by the Florida Department of Economic Opportunity.

— For the Pensacola metro area, the Florida Education and Training Placement program’s average wage is $34,216. The Department of Economic Opportunity’s average wage is $19,029.

— 79.81 percent of PSC grads were earning the FETPIP average starting wage.

Six colleges — Broward, Florida Southwestern, FKCC, Florida Gateway, Miami-Dade and St. Petersburg — had graduates making better than 100 percent of the FETPIP wage rate with in one year of graduation.