fiscal year 2015-16 undergraduate resident tuition rates ... · 4/2/2015 · april 2, 2015 8...
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Fiscal Year 2015-16 Undergraduate Resident Tuition Rates
Health and Student Incidental Fee Rates Recommendations
Higher Education Coordinating Commission Funding and Achievement Subcommittee
April 2, 2015
Summary recommendations:
Resident undergraduate- Corvallis: $100 plus $183/credit hour (eliminates plateau)* Cascades: $100 plus $174/credit hour (eliminates plateau)* Differential tuition rates- No increases, in recognition of plateau changes Mandatory fees- No increases (building, matriculation, distance ed fees) Health and incidental fees- Corvallis Health fees increase $9.47 or 7.6%* Corvallis Incidental fees increase $24.07 or 7.52%* Cascades Incidental fees increase $35.00 or 25%* *these increases require approval by the HECC
April 2, 2015
1
Process:
• Tuition and mandatory fee rate proposals developed by a subcommittee of the University Budget Committee, including representatives of student government from Corvallis and Cascades. Proposals approved by the Budget Committee, then referred to the Provost and approved by the President for referral to the Board of Trustees. This group has been involved at each step in the three-year phase out of the plateau.
• Student health and incidental fee proposals at Corvallis are developed by
the Student Incidental Fee Committee, a committee of ASOSU, then approved by ASOSU and President Ray for review by the Board.
• Student incidental fee proposals at Cascades are developed by the Student
Fee Committee, approved by the Associated Students of Cascades Campus, and by Vice President Johnson and President Ray for review by the Board.
April 2, 2015
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Undergraduate Tuition Rate Proposal
• OSU has been moving from a tuition plateau to linear undergraduate tuition over the last three years with discussion and approval from student government and appropriate governing boards (originally approved by the SBHE). This is a unique and one-time adjustment.
• OSU was the last public university in Oregon to utilize an undergraduate tuition plateau model.
April 2, 2015
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1,500
1,700
1,900
2,100
2,300
2,500
2,700
2,900
3,100
3,300
3,500
10 12 14 16 18 20
Tu
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es p
er
qu
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er
Credit hours taken per quarter
Resident Undergraduate Tuition Changes
FY13
FY14
FY15
FY16
Model for Undergraduate Tuition
• The last step in phasing out the plateau is a significant increase for students at 14, 15, and 16 credit hours. To lessen the impact, the recommendation is for a flat charge plus a per credit hour charge (the green line).
April 2, 2015
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0 2 4 6 8 10 12 14 16 18 20
TuionCharge
CredithourLoad
Illustra onofproposedundergraduatetui onstructure(green)
Current
Percredithouronly
Flatchargepluspercredithour
Undergraduate Tuition Rate Proposal
• This approach flattens the increase for students at the full-time threshold of 12 credit hours per term and lowers the increase for students at 15 credit hours. The weighted increase for resident students is 7.6% at Corvallis and Cascades campuses.
April 2, 2015
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Annual Dollar
Increase Percent Increase
Corvallis undergraduate resident:
12 credit hours $84 1.10%
15 credit hours $885* 11.60%
Cascades undergraduate resident:
12 credit hours $120 1.70%
15 credit hours $885* 12.20%
*$855 from end of tuition discount left from the plateau;
$30 increase over that
Undergraduate Tuition Rate Proposal
• Because the tuition plateau was a discount for > 13 credit hours, eliminating the plateau does impact students differently depending on credit hour load (7.6% weighted average increase).
April 2, 2015
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0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Percent of resident student population taking various credit hour loads
$0
$100
$200
$300
$400
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Dollar Increase Distribution, Resident Undergraduate Tuition (by credit hour load)
Credit hour load
Still appropriate relative to peer institutions’ rates:
April 2, 2015
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Comparison of OSU resident tuition to peer institutions - excluding program specific differential tuition or course specific fees
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
Annual Resident Tuition (FY15)
Health and Incidental Fees (recommended by student government):
Health and incidental fees- Corvallis Health fees increase $9.47 or 7.6%* Student Health services +$6.33 Counseling and Psychological Services +$3.14
Corvallis Incidental fees increase $24.07 or 7.52%* Cascades Incidental fees increase $35.00 or 25%* *these increases require approval by the HECC
April 2, 2015
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Allocations for : Memorial Union, Student Media, Intercultural Services, Recreational Sports, ASOSU, Sustainability Initiative, Music and Performing Arts, Student Facility Improvement, Student Access and Family Resources, Educational Activities
Allocations for : Associated Students of Cascades Campus, student clubs and groups (16 clubs), student services, tutoring, student gear store, counselor, disability services, leadership training, reserve fund
Summary recommendations:
Resident undergraduate- Corvallis: $100 plus $183/credit hour (eliminates plateau)* Cascades: $100 plus $174/credit hour (eliminates plateau)* Differential tuition rates- No increases, in recognition of plateau changes Mandatory fees- No increases (building, matriculation, distance ed fees) Health and incidental fees- Corvallis Health fees increase $9.47 or 7.6%* Corvallis Incidental fees increase $24.07 or 7.52%* Cascades Incidental fees increase $35.00 or 25%* *these increases would require approval by the HECC
April 2, 2015
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Questions?
April 2, 2015
10
Net Corvallis E&G Revenue Increases
April 2, 2015
11
2015-16 revenue estimates:
Co-chairs budget, Undergraduate Tuition as Recommended
FY16 Estimate
Growth from 2nd Quarter FY15
estimates % Growth
State Appropriation $101,166,010 $7,831,281 8.4%
Gross Tuition
Undergrad Resident $108,380,509 $7,939,505 7.9%
Undergrad Non-resident $115,705,759 $8,363,650 7.8%
Other Tuition* $57,526,784 $2,315,728 4.2%
Online and Summer $76,542,102 $10,660,720 16.2%
Tuition Waivers $(34,194,270) $(4,194,270) 14.0%
Student Fees $12,592,802 $47,901 0.4%
Sales, Service & Misc. $13,154,098 $383,129 3.0%
Net F&A Recovery $36,000,000 $900,000 2.6%
Total: $486,873,795 $34,247,645 7.6%
*graduate, professional
about 0.5% of undergraduate revenue increase is from enrollment growth
Corvallis E&G Projected Cost Increases
April 2, 2015
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2015-16 Education and General Expense Increase Estimates
Current operations cost escalation (3% raise, benefit increases as defined at present, 2.5% general inflation)
Total Increase Contribution to Increase
Unclassified Salary and Benefits $9,285,367
Classified Salary and Benefits $2,290,942
Other Pay and Benefits $1,329,408
Service, Supplies, Capital Outlay $2,296,847
Subtotal $15,202,564 3.4%
New investments, costs, and program commitments
Faculty and academic staff in areas of student need 5,666,560
Facilities improvements and operations 3,842,500
Reserves and liabilities 4,850,000
Targeted student experience & success initiatives 1,280,150
Student recruitment and enrollment stability 1,578,000
Risk management and additions 585,750
Management and governance 914,339
Subtotal 18,717,299 4.2%
Total Projected Cost Increases: $33,919,863 7.5%
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