Higher education, College and Higher Education Excellence and Results (CHEER) Act established, bonus funding for eligible institutions authorized based on achievement of performance goals and objectives

This bill creates the College and Higher Education Excellence and Results (CHEER) Act, which would provide bonus funding to specific Alabama higher education institutions that meet performance goals related to student outcomes. The program would establish a new fund and create a coordinating committee to set performance metrics, track student success, and distribute additional money to schools that improve in areas like student retention, degree completion, and post-graduation employment. Eligible institutions include all state universities, community colleges, and historically Black universities in Alabama, with funding bonuses tied to measurable achievements such as helping low-income students succeed and placing graduates in high-wage jobs. The bill defines various student categories and performance measures that the coordinating committee would use to evaluate institutional progress and determine bonus funding amounts.