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