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of Florida  \nProfessional & Graduate Degree Excellence Program Report  \nJanuary 2026  \nIntroduction  \nThe Florida Legislature established the Professional and Graduate Degree Excellence Program to support the efforts of the State University System of Florida (SUS) institutions to enhance the quality and excellence of professional and graduate schools in medicine, law, and business. In addition, the program is intended to expand the economic impact of state universities. Section 1004.6498, Florida Statutes, requires the Board of Governors to submit a report by March 15 each year. The statute requires that the report include information on program expenditures, first-time pass rates on the United States Medical Licensing Examination, first-time pass rates on the Florida Bar Examination, the percentage of graduates enrolled or employed that reflects the added value of a graduate-level business degree, the advancement in the rankings of medicine, law, and graduate-level programs, and the added economic benefit of the universities to the state. The legislature began providing recurring funding to SUS institutions for the Professional and Graduate Degree Excellence Program starting in Fiscal Year (FY) 2017-18. This report explains how SUS institutions spent $60 million in recurring program funds during FY 2024-25.  \nRecruiting faculty and research scholars can often take longer than a year, and the timing of hiring individuals may depend on a variety of factors. Other metrics such as exam passage rates, employment outcomes, rankings, and economic benefits to the state often take several years to demonstrate improvements, as data collection and reporting timeframes may lag a year or two behind the fiscal year.  \nThe State University System includes six medical schools, four law schools, and ten institutions with graduate-level business programs.1 These universities received funding based on prior performance indicators such as licensure exam pass rates, employment outcomes, and the number of graduates. In 2024-25 , SUS institutions awarded 764 medical degrees, 620 law degrees, and 5,390 graduate-level business degrees. Appendix A provides details of these awards by institution.  \n1 New College of Florida and Florida Polytechnic University did not receive allocations for this program, as neither has a college of medicine, law, or graduate-level business program.  \n1  \nExpenditure Information  \nMost of the Professional and Graduate Degree Excellence Program funds were used to recruit and retain faculty, as well as support student success initiatives. The legislature provided recurring funding of $60 million to the SUS institutions in 2024-25 to support the program. Of this , 61% was used to recruit and retain faculty, and 24% was used to support students through various mechanisms. Some examples of student support activities include recruitment, preparation for licensure examinations , and advising. Specifically, six universities reported that funds directed to scholarships and stipends aided in recruiting top graduate students and increased enrollment. Florida International University invested nearly $9 million in student scholarships, contributing toa 24% increase in degrees awarded in Programs of Strategic Emphasis within its College of Business. Other expenditure activities varied across the medicine, law, and business categories. Exhibit 1 provides an overview of how SUS institutions spent the funds for the Professional and Graduate Degree Excellence Program in FY 2024-25.  \nExhibit 1  \nExpenditures of Professional and Graduate Degree Excellence Program Funds, 2024-2025  \nSource: Florida Board of Governors staff analysis of data provided by SUS institutions on the Professional and Graduate Degree Excellence Program, fall 2025.  \n*Other includes costs associated with conferences, data submission, journal submission, software, computers","cbCaioX1xzEJ5Zt4","https://ap.wps.com/l/cbCaioX1xzEJ5Zt4","pdf",980949,13,"English","# Introduction\n# Expenditure Information\n# Exhibit 1: Expenditures of Program Funds (2024-2025)\n# Exhibit 2: Expenditures by Program Area (2024-2025)\n## Business\n## Medicine\n## Law","[{\"question\":\"What program does the report describe and why was it created?\",\"answer\":\"The report describes Florida’s Professional and Graduate Degree Excellence Program, created to enhance the quality and excellence of professional and graduate schools in medicine, law, and business and to expand the economic impact of state universities.\"},{\"question\":\"What statute requires annual reporting and what must be included?\",\"answer\":\"Section 1004.6498, Florida Statutes requires the Board of Governors to submit an annual report by March 15, including expenditure information, licensing exam first-time pass rates, graduate value outcomes for business degrees, ranking advancements, and added economic benefits.\"},{\"question\":\"How were the FY 2024-25 funds primarily used?\",\"answer\":\"In FY 2024-25, SUS institutions spent $60 million, with 61% used to recruit and retain faculty and 24% used to support students through mechanisms such as preparation for licensure examinations and advising.\"}]","Professional & Graduate Degree Excellence Program Report - January 2026 | PDF",1792046712,33]