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FY17 Budget Update April BOT Draft April 13 · Average In-State Net Price (2014-15): $14,601. 91.1%...

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University Overview Michigan State University has successfully navigated some of the most challenging times higher education has faced. Despite these challenges, MSU has augmented its position among the top 100 universities in the world, serving Michigan first. State Support for Higher Education Michigan ranks 47 th , out of 48 states reporting, for the rate of change in state appropriations for higher education over 10 years (2006-2016) and 40 th of 48 states reporting for rate of change over 5 years. -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% National Average State of Michigan -9.3% 25.5% If Michigan’s support for higher education funding kept pace with the national average, MSU’s state appropriation would be $87.8 million above the current funding level. 0 10 20 30 40 10-Year Rate of Change Rank 5-Year Rate of Change Rank 40 47 Relentless Pursuit of Excellence and Value The 2014 graduation rate of 79% outperforms the U.S. News and World Report (USNWR) predicted rate by 11%; second in the Big Ten. The 2016 USNWR ranks MSU 29 th for undergraduate education amongst public institutions. MSU has 27 undergraduate and graduate programs in the top 20 nationwide including: Rank 1 Supply Chain Management (2016 ed. ed.) 1 Elementary Teacher Education (2017 ed.)* 1 Secondary Teacher Educatdion (2017 ed.)* 2 Higher Education Administration (2017 ed.)* 4 Curriculum and Instruction (2017 ed.)* 5 Educational Psychology (2017 ed.)* Rank 7 Educational Administration and Supervision (2017 ed.)* 8 Production/Operations Management (2016 ed.) 12 Accounting (2016 ed.) 11 Education Policy (2017 ed.)* 13 Special Education (2017 ed.)* 20 Management (2016 ed.) University Overview | Michigan State University | Office of Planning and Budgets *Indicates graduate program More than 90% of all 2014 graduates surveyed were employed or continuing their education. MSU had 8,623 Pell Grant recipients in 2013-14. The Carnegie Peers (public & private) average is 5,052. Outreach & Learning Beyond the Classroom More than 26,100 students participated in service learning experiences during the 2014-15 academic year. This is an increase of more than 60% since the 2009-10 academic year. 32% participated in service learning as part of an academic course 68% participated in service learning without obtaining academic credit Approximately 1 in 4 undergraduate students participate in research experiences annually. Worked with more than 170 school districts across the state over the last three years. This includes 198 focus schools and 122 priority schools. 3 Just over 2,000 study abroad participants.
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Page 1: FY17 Budget Update April BOT Draft April 13 · Average In-State Net Price (2014-15): $14,601. 91.1% of all undergraduate students are full time. First Time Undergraduate Average H.S.

University Overview

Michigan State University has successfully navigated some of the most challenging times higher education has faced. Despite these challenges, MSU has augmented its position among the top 100 universities in the world, serving Michigan first.

State Support for Higher EducationMichigan ranks 47th, out of 48 states reporting, for the rate of change in state appropriations for higher education over 10 years (2006-2016) and 40th of 48 states reporting for rate of change over 5 years.

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

National Average

State of Michigan

-9.3%

25.5% If Michigan’s support for higher education funding kept pace with the national average, MSU’s state appropriation would be $87.8 million above the current funding level.

0 10 20 30 40

10-Year Rate of Change Rank

5-Year Rate of Change Rank

40

47

Relentless Pursuit of Excellence and ValueThe 2014 graduation rate of 79% outperforms the U.S. News and World Report (USNWR) predicted rate by 11%; second in the Big Ten.The 2016 USNWR ranks MSU 29th for undergraduate education amongst public institutions.MSU has 27 undergraduate and graduate programs in the top 20 nationwide including:

Rank

1 Supply Chain Management (2016 ed. ed.)

1 Elementary Teacher Education (2017 ed.)*

1 Secondary Teacher Educatdion (2017 ed.)*

2 Higher Education Administration (2017 ed.)*

4 Curriculum and Instruction (2017 ed.)*

5 Educational Psychology (2017 ed.)*

Rank

7 Educational Administration and Supervision (2017 ed.)*

8 Production/Operations Management (2016 ed.)

12 Accounting (2016 ed.)

11 Education Policy (2017 ed.)*

13 Special Education (2017 ed.)*

20 Management (2016 ed.)

University Overview | Michigan State University | O�ce of Planning and Budgets

*Indicates graduate program

More than 90% of all 2014 graduates surveyed were employed or continuing their education.

MSU had 8,623 Pell Grant recipients in 2013-14. The Carnegie Peers (public & private) average is 5,052.

Outreach & Learning Beyond the ClassroomMore than 26,100 students participated in service learning experiences during the 2014-15 academic year. This is an increase of more than 60% since the 2009-10 academic year.

32% participated in service learning as part of an academic course

68% participated in service learning without obtaining academic credit

More than 163,000 4-H youth participants.

Approximately 1 in 4 undergraduate students participate in research experiences annually.

Worked with more than 170 school districts across the state over the last three years. This includes 198 focus schools and 122 priority schools.

3Just over 2,000 study abroad participants.

Page 2: FY17 Budget Update April BOT Draft April 13 · Average In-State Net Price (2014-15): $14,601. 91.1% of all undergraduate students are full time. First Time Undergraduate Average H.S.

University Overview

University Overview | Michigan State University | O�ce of Planning and Budgets

Michigan State University has successfully navigated some of the most challenging times higher education has faced. Despite these challenges, MSU has augmented its position among the top 100 universities in the world, serving Michigan first.

Helping Move Michigan’s Economy Forward

Of 2014 graduates with employment, 63% are employed in Michigan and 78% found employment in the Midwest.

Michigan (63%) Midwest (15%) Other location (22%)

MSU’s total economic impact on the state isin excess of $5 billion.

$511.3 million in spending with Michigan based companies.

Across the state of Michigan, MSU has:

7 o�-campus teaching locations 20 medical sites more than 30 partner hospitals 15 research stations

Research Portfolio

For the period 2011-2014, MSU is 2nd in the Big Ten for rate of change for National Science Foundation Higher Education Research & Development (HERD) report R&D expenditures.

FRIB is a $730 million facility, with Congress approving $100M for the current fiscal year.

Sponsored awards now stand at $583 million. This is up more than 50% over the last ten years.

MSU research highlights include:the Great Lakes Bioenergy Research Center, the Center for Advancing Microbial Risk Assessment, the Institute for Cyber-Enabled Research, and the Center for Research on Ingredient Safety.

Total Sponsored Awards

4

$0

$100,000,000

$200,000,000

$300,000,000

$400,000,000

$500,000,000

$600,000,000

$700,000,000

2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

To

tal

Aw

ard

s

Total awards up 54% over the last 10 years.

ARRA Funding

Page 3: FY17 Budget Update April BOT Draft April 13 · Average In-State Net Price (2014-15): $14,601. 91.1% of all undergraduate students are full time. First Time Undergraduate Average H.S.

2015 Undergraduate Student Snapshot

Fall 2015 Entering ClassThe entering class consists of 7,967 students.

72.1%

are in-state students

24.5%

of domestic students are students of color

22.4%

are Pell Grant recipients

11%

are first generation students (according to the FAFSA)

66%Admit Ratio 34%Yield

University OverviewThere are a total of 50,543 total students, 77.4% are undergraduates.

Between 2005 and 2015, undergraduate enrollment increased nearly 10%.

35,678

39,143

30,000

32,000

34,000

36,000

38,000

40,000

42,000Average In-State Net

Price (2014-15): $14,60191.1% of all undergraduate

students are full time

First Time Undergraduate

Average H.S. GPA: 3.68

21.5% of all domestic undergraduate students are

students of color

Persistence & GraduationBetween 2009 and 2014, the number of first time undergraduate students returning for their first fall semester after their original enrollment has increased.

On average, it takes first-time undergraduates 4.2 calendar years to earn a degree.

90.7

92.1

85.0

87.0

89.0

91.0

93.0

79%

68%

MSU’s actual 6-year graduation rate for

the 2008 cohort beat the US News &

World Report predicted

graduation rate by 11 percentage

points.

2014 Graduate Outcomes 64% of 2014 graduates surveyed were employed within 6 months of graduation. This is the highest employment rate since the online survey of graduates began in 2006.

Employed (64%)

Continuing education (26%)

Starting a business or other commitments (2%)

Unplaced or unresolved (8%)

Employment Location

Of 2014 graduates with employment, 63% were employed in Michigan and an additional 15% were employed in the Midwest.

5Undergraduate Student Data Snapshot | Michigan State University | O�ce of Planning and Budgets

2005 2015

2009 2010 2011 2012 2013 2014

Page 4: FY17 Budget Update April BOT Draft April 13 · Average In-State Net Price (2014-15): $14,601. 91.1% of all undergraduate students are full time. First Time Undergraduate Average H.S.

Total MSU Student Assistance Percent Change, FY2004-05 to 2014-15

Total Support 83.5% $358.7 $658.2

Federal 98.1% $215.6 $427.2

State -92.1% $44.2 $3.5

Non-Governmental Loans & External Awards

70.8% $35.9 $61.3

MSU General Fund 190.7% $41.8 $121.5

MSU Non-General Fund 110.8% $21.2 $44.7

-150.0% -100.0% -50.0% 0.0% 50.0% 100.0% 150.0% 200.0% 250.0%

FY04-05 FY14-15(in millions, not adjusted for

inflation)

Financial Aid

Financial Aid | Michigan State University | O�ce of Planning and Budgets

Undergraduate Financial AidThere were 38,786 undergraduates enrolled for the 2014-15 academic year. The average in-state net cost was $14,601.

Number of recipients

Recipients as a percentage of all undergraduates

Average amount of

aid awarded

Pell Grant 8,576 22% $4,329

($37.1 million annually)

Federal Student Loans 17,468 45% $7,326

($127.9 million annually)

Student Debt & RepaymentFewer MSU students graduate with debt compared to the state and national average.

MSU

State of Michigan

National

69%45% 62%

Of students graduating with debt, the average amount of 2014 MSU graduates is lower than the state & national average.

MSU $26,122

State of Michigan $29,450

National $28,950

4% of MSU students default on their student loans. This is significantly lower than the national average of 11.8%

6

Page 5: FY17 Budget Update April BOT Draft April 13 · Average In-State Net Price (2014-15): $14,601. 91.1% of all undergraduate students are full time. First Time Undergraduate Average H.S.

All Funds Budget Snapshot

All Funds Budget Snapshot | Michigan State University | O�ce of Planning and Budgets

FY 15 All Funds BudgetFY 2015 All Funds Revenue = $2,435,300,000**Includes all University Advancement activity, deviates from audited financial reports.

Tuition & Fees, 32.7%

Sponsored Programs,

18.6%

State Appropriation,

10.9%

Auxiliary Activities, 13.4%

Investment Income, 3.8%

Departmental Activities, 8.4%

AgBio/MSU Extension,

2.4% Gifts, 9.8%

FY 2015 All Funds Expenditures = $2,167,101,000

Academic & Related Services, 63.7%

Scholarships & Fellowships, 2.9%

Physical Plant Operations, Institutional Support, & Depreciation, 19.0%

Auxiliary Enterprises, 14.2%

Other, 0.2%

FY16 General Fund Budget = $1,263,800,000

FY 2016 General Fund Revenue

Tuition & Fees, 71.2%

State Appropriations, 21.2%

Indirect Cost Recoveries, 4.7%

Other, 0.6%

Investment Income, 2.3%

The General Fund does not support: Athletics

FY 2016 General Fund Expenditures

Academic & Related Services, 66.8%

Scholarships & Fellowships, 10.1%

Physical Plant Operations & Instiutional Support, 23.2%

Housing MSU HealthTeam

Measures of E�ciencyExpenses Per StudentMSU operates with $6,395 less per student than the Association of American Univierities (AAU) public median.

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

Instruction Research PublicService

AcademicSupport

InstitutionalSupport

StudentServices

Other CoreExpenses

MSU AAU Public Median

Students Per EmployeeMSU functions with more students per employee than the Big Ten average.

Students Per Employee

4.21

3.23

0.00

1.00

2.00

3.00

4.00

5.00

MSU Big Ten Average

MSU ranks 13th among 14 Big Ten Schools for the number of students per employee.

7


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