Student Tuition Forum
April 17, 2014
• “An investment in knowledge always pays the best dividend.”
• “The only thing more expensive than education is ignorance.”
Education and General Fund
Fiscal Years 2002 through 2015
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15(est)
Mill
ion
s
Fiscal Year
State Appropriations Institutional
70%
30%57%
43%
$5,775$8,120
Funding
Outcomes of the Session
•$66.3 million for Science Phase II
•$2 million for Aviation Program
•$75 million approval for public/private partnerships
•$15 million in agency bonds for athletics
•$136 million in on-going funds (biennium)
Science Building – Phase I Science Building – Phase II
Science Building – Phase II
Bad news
1.5% on-going budget cut for ALL public universities
in the Commonwealth
Education and General Fund
Fiscal Years 2002 through 2015
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15(est)
Mill
ion
s
Fiscal Year
State Appropriations Institutional
70%
30%57%
43%
$5,775$8,120
Funding
Comprehensive Universities ComparisonAverage 2012-13 Tuition and Required Fees
Comparison Tuition Rates
Undergraduate Graduate
University of Kentucky (1) 4,983.00$ 598.44
University of Louisville 4,875.00$ 599.00
Western Kentucky University 4,236.00$ 467.00
Northern Kentucky University 4,044.00$ 494.00
Eastern Kentucky University 3,768.00$ 455.00
Morehead State University 3,749.00$ 535.00
Murray State University 3,522.00$ 446.00
Kentucky State University 3,138.00$ 398.00 (1) Calculation is based on the lower rate
2013-14
Per Credit
Hour
Kentucky State 398.00$
Murray State 446.00$
Eastern Kentucky 455.00$
Western Kentucky 467.00$
Northern Kentucky 494.00$
Morehead State 535.00$
University of Kentucky 598.44$
University of Louisville 599.00$
Graduate Rates By InstitutionsFiscal Year 2013-14
Council on Postsecondary Education has two policies on tuition for the public institutions:
1. Resident undergraduate tuition rate must be within established parameter.
2. Nonresident undergraduate rate must be at least twice the resident undergraduate rate.
Tuition Policy
5%
Education and General Fund
Fiscal Years 2002 through 2015
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15(est)
Mill
ion
s
Fiscal Year
State Appropriations Institutional
70%
30%57%
43%
$5,775$8,120
Funding
Reduction in state appropriations $(1,036,000)KERS Funding 1,396,000Increase in tuition revenue 4,500,000Increase in recharges and misc. income 1,366,000Expected Revenue Increase $6,226,000
Tuition increase @ 5% $5,600,000Changes in enrollment ( 1,100,000)NET TUITION REVENUE CHANGE $4,500,000
Revenue
Fixed and Unavoidable Costs
Bad Debt 250,000$
Service Contracts 150,000$
University Insurance 100,000$
Financial Aid 258,000$
Faculty Changes (Promotion/Pay) 250,000$
Benefits (Health, Dental, Life, etc) 900,000$
Retirement (KERS/KTRS) 2,523,000$
Capital Initiatives 1,129,000$
Expected Fixed Cost Increase 5,660,000$
Undergraduate Proposed Tuition RatesFiscal Year 2014-15 (Per Semester)
2014-15 2013-14 $ %
Undergraduate
Resident (12 + hours) 3,960$ 3,768$ 192$ 5.10%
Per Credit Hour 330$ 314$ 16$ 5.10%
Non Resident (12 + hours) 8,724$ 8,304$ 420$ 5.06%
Per Credit Hour 727$ 692$ 35$ 5.06%
Online Courses 398$ 395$ 3$ 0.76%
Online Programs 398$ 395$ 3$ 0.76%
Effective Fall 2012, Targeted Rate is not offered to new students.
Non Resident - Targeted (12 + hours) 7,212$ 6,492$ 720$ 11.09%
Per Credit Hour 601$ 541$ 60$ 11.09%
Change
Graduate Proposed Tuition RatesFiscal Year 2014-15
2014-15 2013-14 $ %
Graduate (Masters and Non-Doctoral)
Resident 475$ 455$ 20$ 4.40%
Non Resident 805$ 780$ 25$ 3.21%
Online Courses 485$ 465$ 20$ 4.30%
Graduate Online Programs
Varied $490-595 $490-590 $5 0.85%
Graduate Doctoral
Doctorate in Education 495$ 495$ -$ 0.00%
Doctorate in Nursing Practice 610$ 610$ -$ 0.00%
Doctorate in Occupational Therapy 610$ 610$ -$ 0.00%
Change
Meal Plans and Housing
The average increase across the residential and faculty/staff meal plans was 2.75%. This average increase was consistent with projections for the “food away from home” category in the Consumer Price Index (CPI) – South Region.
Proposed Meal PlanFiscal Year 2014-15
Flex
Dollars
Included
Total Meals
per
Semester Rate 2013-14 $ %
Residential
Unlimited Meal Membership 200$ 304 + 1,760$ 1,715.00 45$ 2.62%
Unlimited Meal Membership 375$ 304 + 1,935$ 1,890.00 45$ 2.38%
200 Block Meal Membership 200$ 200 1,505$ 1,450.00 55$ 3.79%
200 Block Meal Membership 375$ 200 1,680$ 1,625.00 55$ 3.38%
150 Block Meal Membership 375$ 150 1,425$ 1,380.00 45$ 3.26%
100 Block Meal Membership 375$ 100 1,160$ 1,125.00 35$ 3.11%
Faculty and Staff
75 Block Meal Membership 75 510$ 496.00 14$ 2.82%
50 Block Meal Membership 50 365$ 353.00 12$ 3.40%
2014-15 Change
Proposed Meal PlanFiscal Year 2014-15
The average increase across all housing rates was 5.0 %. Two residence halls will go offline:
- Commonwealth- Combs
Two new living and learning communities:- Sullivan- Burnam
Proposed HousingFiscal Year 2014-15
Double Single Double Single Double Single Double SingleNo ammenities
Dupree, Martin, Sullivan, Todd 1,962$ 2,943$ 1,869$ 2,804$ 93$ 139$ 5.0% 5.0%Palmer 1,977$ 2,958$ 1,879$ 2,814$ 98$ 144$ 5.2% 5.1%Keene 1,990$ 2,985$ 1,895$ 2,843$ 95$ 142$ 5.0% 5.0%
No ammenities (LLC)
Sullivan 1,977$ 2,958$ -$ -$ -$ -$ 0.0% 0.0%Keene 2,005$ 3,000$ 1,905$ 2,853$ 100$ 147$ 5.2% 5.2%
Sinks in room
Burnam, McGregor 2,158$ 3,237$ 2,055$ 3,085$ 103$ 152$ 5.0% 4.9%New Renovated (LLC)
Burnam, Case, McGregor 2,173$ 3,252$ 2,065$ 3,092$ 108$ 160$ 5.2% 5.2%Newly Renovated
Clay, Walters, Burnam, Telford 2,254$ 3,381$ 2,147$ 3,221$ 107$ 160$ 5.0% 5.0%New Renovated (LLC)
Clay, Walters, Burnam, Telford 2,269$ 3,396$ 2,157$ 3,234$ 112$ 162$ 5.2% 5.0%New Construction
New Hall 2,457$ 3,071$ 2,340$ 2,925$ 117$ 146$ 5.0% 5.0%Grand Campus at Yorrick $540-545
2013-142014-15 $ Change % Change
Proposed HousingFiscal Year 2014-15
Fees
Campus Signage – Before and After
Campus Improvements
MALL LANDSCAPING/BEAUTIFICATION NOEL READING PORCH
Walnut Hall Ramp
New Residence Hall
EKU Boasts First LEED Gold Residence Hall on State University Campus in Kentucky
University Restoring Keen Johnson Carillon
Water Tank Branding Project
Lancaster Avenue Entranceway Project
Lancaster Avenue Entranceway Project
College of Education / Model Lab Campus
Proposed Campus Improvement Fee
A $50 (non mandatory) campus improvement fee will be assessed to students.
Fee would be used to cover various capital improvements to existing facilities, particularly the Powell Student Union remodel
Powell Building Modernization Project
“If you think of a house, sports is kinda like the front porch. No one thinks of the front porch as the most important part of a
house, obviously. The kitchen, the living quarters are the most important parts of a house. But when people drive by your
house, they see your porch. They don’t see your kitchen; they don’t see your living room; they don’t see your library; they
don’t see your bedrooms. That makes it very important that your porch has everything in order.”
Allen Meadors
During the course of their Sweet 16 run, unique visitors to the admissions page on FGCU’s website leaped from 2,280 to 42,793. Overall visits to the school’s website topped out at 230,985, not counting the 117,113 who went directly to the athletics page. In the month leading up, visitors to the website had seen a daily count as low as 18,863.
In the year following their upset of Michigan, App State saw a 24.42% increase in applications
2014 Guarantee Games against Miami (OH) and the
University of Florida
Budget Breakdown
Personnel Operating Scholarships• FY09 3,778,823 1,954,523 4,170,092• FY10 3,846,258 1,829,067 4,302,487• FY11 3,972,407 1,829,067 4,477,590• FY12 4,109,395 1,829,067 4,679,085• FY13 4,015,917 2,341,067 4,519,251
‘13 Overall% 37% 22% 41%
Revenue Generation
• Revenue Total• FY09 1,286,608• FY10 1,616,002• FY11 1,552,231• FY12 1,536,566
• Athletics Department revenue has increased 19% in five years.
• Revenue comprised of:• Ticket sales (FB, MBB, WBB)• Guarantee games• Corporate partnerships• Fundraising• NCAA and OVC funds
Personnel Needs
• Staff• Development +2
• Sports Medicine +2
• Strength & Con. +2
• Academics +1
• Compliance +1
• Facilities +1
• Marketing +1
• Public Relations +1
• Tickets +1
• Coaches• Football +1
• PT to FT +1
• Operations +1
• Equipment +1
• Video +1
• Baseball +1
• Softball +1
• Tennis +1
• XC/Track & Field +1
Overall Budget Summary
Austin Peay EKU Murray SIU-E TN Tech TN State
Total Annual
Budget (12-13) $9,823,957 $10,876,676 $10,763,691 $7,771,544 $13,079,450 $9,398,100
University subsidy
included $5,234,295 $9,300,000 $5,821,070 $2,840,696 $5,058,500 $5,144,100
Student Service Fee
subsidy included $2,104,699 — $2,526,121 $4,413,936 $4,161,704 $2,300,000
Student Athletic Fees
$50/semester
$212/semester
*For all full-time students; part-time students pay a prorated portion
KentuckyPeers
$103.65/semester
$170.65/semester
OVC Peers
$125/semester
$154/semester
Historic Rivals
$334/semester
*Plus an additional fee of $73.50/semester for athletics facilities
$139/semester
$175/semester
A $50 non mandatory athletic fee will be assessed to students.
A non-mandatory fee by our definition is a fee that assessed to Richmond only students that are taking more than 5 credit hours per semester.
Proposed Athletic Fee
Total new tuition and fees for 2014-15
•Per semester $192 increase tuition
•Per semester $100 increase
fees•Total: $292 per semester
Questions?