Transcript Tuition Policy Advisory Committee September 23, 2004 Tuition and Fee Sources • • • • • • Statutory Tuition – rate established by the Legislature, scheduled to increase annually by.

Tuition Policy Advisory
Committee
September 23, 2004
1
Tuition and Fee Sources
•
•
•
•
•
•
Statutory Tuition – rate established by the Legislature, scheduled to increase
annually by $2/SCH until 2005-06; rate is $48/SCH for 2004-05 academic year
Base Designated Tuition – authorized by the Legislature, with rate set by the
Board of Regents; UT Austin rate is fixed at $46/SCH
Differential Tuition - authorized by the Legislature, with rate set by the Board of
Regents for graduate programs, and Law and Pharmacy first-professional
programs
Academic Sustainability Tuition – flat rate, designated tuition set by the Board
of Regents for full time students; for 2004-05: resident $720, non-resident
returning $800, first-time enrolled non-resident $1200
Mandatory Incidental Fees – authorized by the Board of Regents; University
wide, required fees assessed on SCH or headcount basis
College & Course Specific Incidental Fees – authorized by the Board of
Regents, assessed on SCH or headcount basis
2
Mandatory & Incidental Student Fees
2004 – 05 Expenditures
Information Technology
31.7 M
Advising
12.5 M
Application / Admissions
4.1 M
Placement
6.3 M
Equipment
5.7 M
Instructional Resource
16.3 M
Orientation
1.5 M
Writing Center
1.1 M
Course Specific Fees
2.3 M
Library
Book Fines / Late Fees
Other
TOTAL
15.7 M
0.7 M
10.4 M
108.3 M
3
Academic Sustainability Tuition
2003– 04 vs 2004 – 05 Expenditures
FY 03-04
FY 04-05
Tuition Grants (Financial Aid)
3.9 M
17.1 M
B-On-Time (Financial Aid)
0.6 M
2.6 M
11.7 M
16.0 M
Faculty & Staff Salary Increase
0.0 M
25.6 M
Hire 30 additional Faculty members
0.0 M
2.3 M
Faculty & Program Start-up funding
0.0 M
6.6 M
16. 2 M
70.2 M
Maintenance, R&R, ADA Compliance
TOTAL
4
Academic Sustainability Tuition
Fall 2004 / Spring 2005
SEM Credit Hrs (SCH)
Resident
Continuing
Non-Resident
New
Non-Resident
Undergraduate
Full-Time
12+ Hours (Fixed)
$720
$800
$1,200
Part-Time
8 – 11 Hours (Fixed)
$576
$640
$960
1st Hour
$216
$240
$360
Each Add’l Hour
$36
$40
$60
$720
$800
$1,200
1st Hour
$216
$240
$360
All Other Hours
$65
$72
$108
1 – 7 Hours (Prorated)
Graduate
Full-Time
9+ Hours (Fixed)
Part-Time
1 – 8 Hours (Prorated)
5
Financial Aid Grant Award
for Academic Sustainability
Resident Undergraduate Tuition
Annual Income
Awards
$0 - $40,000
100%
$40,001 - $60,000
75%
$60,001 - $80,000
50%
6
DRAFT Operating Forecast
($ in Millions)
STATUS QUO BUDGET SOURCES 1
GR 2
Tuition & Fees 3,4
AUF
Other 5
TOTAL
STATUS QUO USES
Salaries
Other Oper 6
TOTAL
Net Status Quo Deficit
Quality Requirements Beyond Status Quo
Salary Merit Program (3%) 7
Salary Market Adjustments (2%) 7
Reduction of Student/Faculty Ratio 7
Expenses Funded by Incidental Fees (3%)
Faculty Start-up Costs & New Programs Initiatives
ESSENTIAL OPERATING
BUDGET DEFICIT
1 - Enrollment decline based on OIR projections
2 - GR increased at 2.5% per biennium
3 - Tuition: $2 statutory increase in 04-05 & 05-06 to $50 cap
(No Designated Tuition Increase)
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
$297.8
153.0
119.3
68.3
638.5
$291.8
183.6
109.4
59.7
644.5
$291.9
225.0
106.3
65.6
688.7
$298.0
222.7
112.0
61.2
693.8
$298.0
218.2
122.9
63.1
702.2
$304.2
216.5
131.9
65.3
717.9
$304.2
216.9
138.2
67.7
727.0
$310.5
223.3
144.4
70.2
748.4
390.3
248.2
638.5
394.2
250.3
644.4
413.0
275.8
688.8
413.0
281.5
694.5
413.0
289.5
702.5
413.0
297.8
710.8
413.0
306.4
719.4
413.0
315.2
728.2
$0.0
$0.0
($0.0)
($0.7)
($0.3)
$7.1
$7.6
$20.2
-
-
-
(14.2)
(9.6)
(2.3)
(3.1)
(11.8)
(29.3)
(19.6)
(4.7)
(3.2)
(12.2)
(45.1)
(30.1)
(7.1)
(3.3)
(12.6)
(61.7)
(41.2)
(9.6)
(3.4)
(12.9)
(79.2)
(52.8)
(12.2)
(3.5)
(13.3)
$0.0
$0.0
($0.0)
($41.7)
($69.2)
($91.1)
($121.2)
($140.8)
KEY STATUS QUO BUDGET ASSUMPTIONS
4 - Incidental fees held at 03-04 levels
5 - Indirect Cost increased 5% annually
6 - Operating Expenses increased 3% annually
7 - Salary related increases include Fringes
7