Tie State Funds to Colleges' Graduation Rates, Texas Governor Urges

Gov. Rick Perry of Texas on Thursday urged the state's higher-education leaders to tie 10 percent of a college's state appropriation to its graduation rate, and to encourage more campuses to come up with four-year bachelor's degrees that can be completed for a total cost of $10,000 or less.

Speaking at a news conference before a room full of regents, state lawmakers, and other higher-education officials, the Republican governor outlined the steps he saw as key to making higher