State Board of Education Tuition & Fee Hearing 4/18/2012

Commitment to Student Success University of Idaho 2012-13 Fee Presentation April 18, 2012

Change in Funding Sources General Educa,on Budget

FY01

FY12

• State Funds -­‐ 73% • Tui1on/Fees -­‐ 19% • Endowment -­‐ 8%

• State Funds -­‐ 49% • Tui1on/Fees -­‐ 47% • Endowment -­‐ 4%

FY13 Fiscal Challenges • 2% CEC plus Increased Medical Benefits • $4.3 million

• Required Increases (u1li1es, contracts, promo1ons, library) • $2.1 million

• Unfunded State Obliga1ons • $3.6 million

• Moving the University Forward • $1.3 million

• Total Challenge: $11.3 million

Existing Tuition and Fee Package

Fees

Amount per year

Facility Fee Technology Fee

$790.50 $125.40

Student Activity Fee

$1,065.92

Tuition (Matriculation Fee)

$3,874.18

$5,856.00

Fee Increase Proposal • Tui1on and Fee Package • 6.1% =

Addi1onal revenue

$356 per year $2.5 million

• Student Ac1vity Fee

No Increase

• Facility Fee

No increase

• Technology Fee

No Increase

• Nonresident Fee

$268 per year

• 2.1% = Addi1onal revenue

• Graduate Fee • 15% =

Addi1onal revenue

$800,000

$124 per year $80,000

FY13 Tuition & Fee Rates

• Resident

• Peer Avg. Resident (est.)

$6,212 $8,290

– 75% of the peer average

• Non-­‐resident

• Peer Avg. Non-­‐resident (est.)

– 90% of the peer average.

$19,000 $21,200

New FY13 Resources

• State Funding • CEC + Medical Benefits • EWA

• Occupancy Costs

$2.1 million $0.9 million $0.6 million

• Tui1on and Fees • Fee Increase Proposal

• Summer Session (FY12 rate)

• Total

$3.4 million $0.3 million

$7.3 million

Meeting the Challenges • CEC plus Medical Benefit Increase • State Appropriation • Tuition and Fees • Reallocations

~ $4.3 million ~ $2.1 million ~ $1.8 million ~ $0.4 million

• Required Cost Increases • EWA Funding • Occupancy Cost Funding • Tuition and Fees

~ $2.1 million ~ $0.9 million ~ $0.6 million ~ $0.6 million

• Moving Forward • Tuition and Fees • Unfunded State Obligations • Unaddressed

~ $1.3 million ~ $1.3 million ~ $3.6 million

Context

• Fiay State Peer Comparison • 47th in na1on for resident tui1on and fees • Utah State and Wyoming are lower • Median Household Income – Idaho ranks 31st

• 36% of entering students are First Genera1on

Inflation and Efficiency

• Higher Educa1on Price Index (HEPI) • 46.5% cumula1ve infla1on over past decade

• Total “purchasing power” per student • 20% decrease over past decade

• Impact • 20% more efficient per FTE than in FY01

• Revenue Impact • Would need addi1onal $36 million to recapture FY01 purchasing power

Positive Steps for Change

• Promote entrepreneurial thinking to cut costs & raise revenues • Increase class and program efficiencies • Ac1vely expand on-­‐line, dual & summer courses • Refine interac1ve learning opportuni1es • Revamp financial aid program • Restructured research & economic development • Overhauled recrui1ng, enrollment processes • Increase community involvement

Building for the Future

Conclusion