Issuu on Google+

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


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