During the 2017 legislative, the Joint Chairman’s Report (JCR) required a modification of the 2008 Maryland Model for Funding Higher Education. The 2017 model used the same ten states (i.e., California, Massachusetts, Washington, North Carolina, New York, New Jersey, Pennsylvania, Ohio, Virginia, and Minnesota) that Maryland competes against most heavily in the national economy that were utilized in the 2008 model. However, the 2017 model also required that a cluster analysis of all public four-year institutions in those ten states, and within an institution’s Carnegie group classification, be applied to select a group of funding peers based on a variety of institutional characteristics. As a result, 36 funding peers were selected as closest to SU based on five statistical models. Currently, the 10 performance peers are under review to align them with the newly selected funding peer group.