The purpose and outcome of this study was to provide insight into clearly articulated parameters that might serve as a basis for the development of a generalizable outcomes-based funding model that any higher education system could use. Funding models were analyzed and telephone interviews were conducted from the ten states that were identified by the National Center for Higher Education Management Systems (NCHEMS.Org) as having fully implemented funding models for the 2010 - 2015 fiscal years. The analysis of the funding models and research participant responses from these ten states provided the parameters that might serve as a basis for the development of a generalizable outcomes-based funding model that any higher education system could use.