trinity tuition and fees and trinity budget explained 2011-2012 fiscal year for more information...
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Trinity Tuition and Feesand Trinity Budget Explained
2011-2012 Fiscal Year
For more information contact:President Patricia McGuire
Dear Students,
Every February, the Trinity Board of Trustees establishes the tuition and fee levels for the next academic year. On February 11, 2011, the Trustees established the tuition levels for 2011-2012. You will find a statement of these new tuition levels on the following slides. Along with these new tuition levels, you will find additional information to help you to understand how Trinity’s budget works, what your tuition dollar supports, and how to get financial aid.
Mindful of that Trinity students and families face financial challenges, the Trustees always strive to keep tuition and fee increases modest. At the same time, the economic climate is posing challenges for Trinity’s finances, including some reduction in charitable gifts and endowment income, and higher prices for goods and services including utilities, insurance and banking fees.
After much consideration, the Trustees decided upon a 2% increase for many 2011-2012 tuition and fees, the same low rate of increase as the previous year, and well below the CPI of 3.9%. With this increase, Trinity’s full-time undergraduate tuition next year will be $20,150, compared to more than $28,000 average tuition for private colleges nationally.
In the next few slides, you will see how Trinity’s tuition and fees stack up against other universities in this area. We also present important financial aid information as well as budget information of interest to you.
We are doing everything possible to control costs at Trinity, and to refrain from passing on all but the most essential expense increases to you, our students and families. I am happy to provide any additional information you may request to help you to plan your Trinity education effectively.
Thank you for being a vital part of the Trinity community!
President Patricia McGuire
The next slide shows Trinity’s new tuition levels for 2011-2012
Trinity Tuition for 2011-2012Showing Prior Year Levels and Percentage Increase
(Note: These rates are for programs on Trinity’s main campus. Rates at THE ARC and other sites will vary.)
Tuition prices change annually. Additional fees may apply. For the full list of fees see Trinity’s website www.trinitydc.edu and click on “Financial Aid & Tuition”
NEW
2011-2012
PREVIOUS
2010-2011
Percentage Increase
College of Arts and Sciences
Tuition, Full-Time Full Academic Year $20,150 $19,750 2%
Tuition, Part-Time, Per Credit Hour $640 $ 625 2%
Student Double Room, Full Academic Year $3,760 $ 3,760 0
Board Rate, 19 Meal Plan, Full Year $5,450 $ 5,300 2.75% (Sodexho rate)
School of Professional Studies
Tuition, Undergraduate Per Credit $500 $ 490 2%
Tuition Undergraduate Nursing Per Credit(Note: additional semesterly fees apply to Nursing)
$640 $ 630 2%
Tuition, Graduate MA/MSA Per Credit $670 $ 655 2%
Tuition, Graduate MBA Per Credit $710 $ 695 2%
School of Education
Tuition, Graduate Per Credit $670 $ 655 2%
Tuition, Workshops – each workshop $530 $ 530 0
Tuition rates change annually. Additional fees apply for certain courses and services. Check Trinity’s website www.trinitydc.edu for the most current list of tuition rates and fees each semester.
The next slide shows how the growth in Trinity’s
full-time undergraduate tuition (the yellow bars)
compares to the growth in private college tuitions nationally
(the purple bars)…since 1991!
TUITION 1991-2012Comparing Trinity FULL-TIME Tuition with National Average for 4 Yr Private College
9.9 10.6 11 11 11.4 11.7 12.3 12.8 13.4 13.8 14.2 14.7 15.4 16.2 16.7 17.2 17.7 18.2 18.8 19.3 19.7 20.1
9.3 10 10.4 11 11.7 12.4 12.8 13.6 14.215.3
16.3 17.118.5
19.7 2021
22.223.7
25.126.2
27.228.5
0
5
10
15
20
25
30
1991 92 93 94 95 96 97 98 99 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
TRINITY NATIONAL
7%… .3.7 .…..0 .…..3.6%……..2.6% …5%……..4%….4.6%…….3%…...3%…….3%……5%..........5%.........3%.........3%........3%.......3%........3%........3%...........2%.........2%TRINITY PERCENTAGE INCREASEs
The next two slides shows the growth in Trinity’s full-time undergraduate tuition in
the last three years compared to area universities and other women’s colleges,
and then the growth in the “comprehensive fee” that combines room
and board with tuition
14,204
18,800
21,300
22,160
22,842
24,575
24,322
23,580
25,242
25,000
25,240
26,000
26,668
26,200
27,200 25,750
28,200
30,520
15,270
19,360
22,370
23,246
23,642
26,540 25,457
26,230
25,576
26,500
26,502
27,000
26,668
27,770
28,150 27,000
29,200
31,740
17,100
19,750
23,160
24,932
25,180
27,870 26,792
27,730
27,110
27,600
27,580
28,100
28,567
29,440
30,170
27,000
30,600
33,580
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
2008-2009 2009-2010 2010-2011
Tuition Levels with Cohort Comparisons FY09-FY11
17,100
19,750
23,160
24,932
25,180
27,870
26,792
27,730
27,110
27,600
27,580
28,100
28,567
29,440
30,170 27,000
30,600
33,580
8,498
9,060
10,325
9,856
11,340
11,460 10,723
11,000
10,176
9,500
14,130
9,065
9,540
9,900
13,250
10,150
12,300
12,742
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
2010-2011 2010-2011RB
TUITION, ROOM + BOARD COHORT COMPARISON FY2011
The next slide shows comparisons of per-credit-hour tuitions for undergraduate, adult studies and graduate tuitions at
area universities
713
490
750
570
670
440
550530
325
425460 460
426
850
495
590
430
720
1222
655
750
695
857
810
736
650
800
480
630
535
627
360
840
620
665
1315
0
200
400
600
800
1000
1200
1400
UG PT FY11 GR PT FY11
PER CREDIT UNDERGRADUATE/GRADUATE RATES with Cohort Comparisons FY11(SHOWING ADULT UNDERGRAD SPECIAL RATES WHERE AVAILABLE)
FINANCIAL AID AT TRINITY
The next set of slides shows the volume of financial aid from all
sources awarded to Trinity students; note that all student aid is in this picture, including loans to graduate students (the largest
group of borrowers) and scholarships to full-time
undergraduates
FED LOAN 2011, 22834970,
57%DCTAG 2011, 761138, 2%
DCLEAP 2011, 130216, 0%
OTHER 2011, 364301, 1%DCCSF 2011, 438403, 1%
EMPLOYER 2011, 678003,
2%
STATE 2011, 37077, 0%
DCCAP 2011, 257378, 1%
PRIVATE LOAN 2011,
328241, 1%FED PARENT LOAN 2011,
1214094, 3%
PELL 2011, 5204536, 13%
ENDOWED 2011, 292450,
1%
TRINITYGRANT 2011,
7176362, 18%ALL AID FY2011
TRINITY GRANT, 6061568
TRINITY GRANT, 7176362
FED PARENT LOAN, 1083755
FED LOAN 20285331FED LOAN 22834970
PELL GRANT 5204536
PELL GRANT 3959419
FED PARENT LOAN, 1214094
DCTAG, 614343 DCTAG, 761138
EMPLOYER, 432653EMPLOYER, 678003
DCCSF, 195000DCCSF, 438403
OTHER, 367397 OTHER, 364301PRIVATE LOAN, 293226 PRIVATE LOAN, 328241
ENDOWED, 180300ENDOWED, 292450DCCAP, 257378
DCCAP, 226117
DCLEAP, 130216DCLEAP, 607569
STATE, 43198STATE, 37077
0
4000000
8000000
12000000
16000000
20000000
24000000
28000000
32000000
36000000
40000000
2010 2011
TOTAL FY10: $34,349,876
TOTAL FY11: $39,717,169
SOURCES AND VOLUME OF STUDENT SUBSIDIES FY10 AND FY11SOURCES AND VOLUME OF STUDENT SUBSIDIES FY10 AND FY11
15.6%
12.5%
18%
31%%
11%
Percentages show rate of increase for each category, with overall total aid increase of 15.6%. Note that overall enrollment increased 13% in this same time period, with CAS enrollment increasing 21% which is the major driver of grants, and all graduate enrollments increasing 13% which drives the federal loan volume.
20285331
6061568
3959419 43198
22834970
7176362
5204536
37077
226117
180300
293226
607569
367397
195000
432653
614343
1083755 257378
328241
292450
130216
364301
438403
678003
761138
12140940
1000000
2000000
3000000
4000000
5000000
6000000
7000000
8000000
9000000
10000000
11000000
12000000
13000000
14000000
15000000
16000000
17000000
18000000
19000000
20000000
21000000
22000000
23000000
FED LOAN
TRINITY GRANT
PELLFED PARENT LOAN
DCTAG
EMPLO
YER
DCCSF
OTHER
PRIVATE LOAN
ENDOW
ED
DCCAP
DCLEAP
STATE
TOTAL FY10: $34,349,876
TOTAL FY11: $39,717,169
Student Subsidies by Source Showing Change FY10 to FY11Student Subsidies by Source Showing Change FY10 to FY11
Note that DC LEAP was cut back mid-year by $477,353, which Trinity absorbed in Trinity grants.
2011 STUDENT SUBSIDIES BY CLASS YEAR
0
5000
000
1000
0000
1500
0000
2000
0000
2500
0000
TRINITYGRANT 2011
ENDOWED 2011
PELL 2011
DCTAG 2011
DCLEAP 2011
STATE 2011
DCCAP 2011
OTHER 2011
DCCSF 2011
EMPLOYER 2011
FED LOAN 2011
FED PARENT LOAN 2011
PRIVATE LOAN 2011
First Years
Sophomores
Juniors
Seniors
Graduate
2011 FEDERAL LOAN VOLUME BY CLASS YEAR
Sophomores, 2400623, 11%
First Years, 3706656, 16%
Seniors, 2102395, 9%
Juniors, 3239205, 14%
Graduate, 11386091, 50%
Graduate
Seniors
Juniors
Sophomores
First Years
2011 FEDERAL LOAN VOLUME WITH REFUNDS BY CLASS YEAR
GR Loan, 7,986,091, 35%
JUN REF, 612,000, 3%
Soph Loan, 1,864,623, 8%
SOPH REF, 536,000, 2%
FR Loan, 3,440,656, 15%
GR REF, 3,400,000, 15%
SEN LOAN, 1,426,395, 6%
SEN REF, 676,000, 3%
JUN Loan, 2,627,205, 12%
FR REF, 266,000, 1%
2011 FEDERAL LOANS AND REFUNDS AGGREGATERefunds UG, 2,200,000,
10%
Refunds GR, 3,400,000 15%
Fed Loans after Refunds, 17,234,000, 75%
2011 FEDERAL LOAN REFUNDS BY DEGREE LEVEL
Refunds UG, 2200, 39%
Refunds GR, 3400, 61%
2011 FEDERAL LOAN REFUNDS BY SCHOOL/CLASS YR
CAS SN, 136, 5%
CAS JN, 123, 4%
CAS SO, 110, 4%
SPS FR, 145, 5%
SPS SO, 158, 5%
SPS JN, 183, 6%
SPS SN, 202, 7%
GR SPS, 851, 29%
CAS FR, 121, 4%
GR EDU, 917, 31%
2011 FEDERAL LOAN # Borrowers and Refunds
709
326 343 353
541
2272
644
231332 307
538
2052
533
190 218 212265
1418
0
500
1000
1500
2000
2011 GRANTS BY CLASS YEAR
0100
0000
20000
00300
0000
40000
00500
0000
60000
00700
0000
80000
00
TRINITYGRANT 2011
ENDOW
ED 2011
PELL 2011
DCTAG 2011
DCLEAP 2011
STATE 2011
DCCAP 2011
OTHER 2011
DCCSF 2011
EMPLO
YER 2011
First Years
Sophomores
Juniors
Seniors
Graduate
2011 GRANTS TRINITY, ALL OTHERS
7,871,052
7,468,812
010
0000
020
0000
030
0000
040
0000
050
0000
060
0000
070
0000
080
0000
090
0000
0
ALL TRINITY GRANT ALL OTHER GRANT
2011 GRANTS AND LOANS24377305
78710527468812
0
5000
000
1000
0000
1500
0000
2000
0000
2500
0000
ALL TRINITY GRANT ALL OTHER GRANT ALL LOAN
DC TUITION ASSISTANCE GRANTS
ENROLLED, 349, 34%STOPPED OUT, 379,
37%
GRADUATED, 293, 29%
Of 1025 Students enrolled in the DC TAG Program since 2002, 642 or 63% are still enrolled or have graduated.
DC TUITION ASSISTANCE GRANTS
PELL, 2,625,488, 15%
DC TAG, 4,652,860, 26%TRINITY, 10,788,173, 59%
Of 1025 Trinity Students enrolled in the DC TAG Program since 2002, 642 or 63% are still enrolled or have graduated. The Average Expected Family Contribution is $3,139, with 427 or 42% having 0 EFC
DC TUITION ASSISTANCE GRANTS: 2010 DATA FROM OSSE
618,406
86,56357,500
44,143 32,962
178,528
272
78
37
2421
17
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
TRINITY
Howard
GWU
Georgetown
American
Catholic
0
50
100
150
200
250
300Red line (right axis) shows number of students participating, green columns (left axis) shows dollar volume received
This chart summarizes data provided to the Consortium of Universities from the Office of the State Superintendent for DC TAG grants in 2009-2010
DC TUITION ASSISTANCE GRANTS
1,211,328
1,205,129
1,176,106
1,143,306
1,127,635
1,118,567
1,026,138
1,013,435
958,508
920,373
876,101
816,579
741,362 625,000
618,406
563,544
555,000
540,000
523,232
516,584
178,528 86,563
57,500
44,143
32,962
154
135 130121 124 125
146
131142
10193 96
79
65
272
289
59 55 5765
78
3724
21 17
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
VA State
Bowie
Temple
VCUUM
CP
Norfolk ST
Del ST
Penn ST
UMES
Morgan ST
GMU
NCATT
NCCent
U Mich
TRINITY
MontCC
U VTU W
ISC M
FL AM
Cheney
Howard
GWU
Georgetown
American
Catholic
0
50
100
150
200
250
300
350Red line (right axis) shows number of students participating, green columns (left axis) shows dollar volume received
This chart summarizes data provided to the Consortium of Universities from the Office of the State Superintendent for DC TAG grants in 2009-2010
How can I get more financial aid?
Trinity’s Office of Enrollment Services (Main 154) will work with every student individually to develop the best possible financial aid package.
Trinity’s website includes extensive financial aid information. Please visit: http://www.trinitydc.edu/offices/enrollment/Applying_for_Financial_Aid.html
Trinity’s Enrollment Services staff will provide instructions for you to apply for Federal Pell Grants and Loans. Our staff will also tell you more about Trinity grants and scholarships, as well as outside scholarships.
Please take advantage of the expertise of our staff. They can help you!
You can also contact our staff for financial aid help by writing to [email protected]
Phone: 202-884-9530
What
Do
We Do
With Your
Money?
The following slide shows revenues and expenses for
Trinity’s operating budgets in Fiscal Years 2011 and 2012
FISCAL 2011 OPERATING BUDGET
CAS, $16,107,777
EDU, 5,335,354
SPS, 8,149,539
FIN AID, 6,512,702
INSTRUCTION, 7,992,694
ACA SUPPORT, 2,296,767
STUDENT SVCS, 3,251,327
FACILITIES, 4,114,768
INSTITUTIONAL, 7,875,397
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
FY11 REVENUES FY11 EXPENSES
CONFERENCES
TRINITYCENTER
INTEREST
PUBLIC SVC
INSTITUTIONAL
FACILITIES
STUDENT SVCS
ACA SUPPORT
INSTRUCTION
OTHER REVS
OP INTEREST
STUDENT ROOMS
CONFERENCES
TRINITYCENTER
GOVT
GIFTS
FEES
FIN AID
SPS
EDU
CAS
$35,300,000 $34,500,000
Discount
TUITION81%
Auxiliary Income14%
Charitable Gifts5%
CAS TUITION35%
EDU TUITION24%
SPS TUITION34%
TRINITY REVENUES FISCAL 2011
What Tuition Contributes to the University Budget
• Overall, net student tuition (gross tuition minus the $7 million in discount) contributes about 81 cents toward every dollar of the net expense budget that Trinity devotes to direct operating expenses, with the revenue streams from each student population as follows:
– College of Arts & Sciences tuition contributes about 35 cents to every dollar spent;
– School of Education tuition contributes about 24 cents to every dollar spent;
– School of Professional Studies tuition contributes about 34 cents to every dollar spent.
If Tuition Revenues Pay Only 76% of Expenses, Where Does the Rest of the Money Come From?
• The remaining 19 cents of every dollar that Trinity spends comes from
• Charitable gifts from alumnae and benefactors (The Trinity Annual Fund) –
• Government grants and private contracts, and
• Revenues derived from “auxiliary enterprises” including student room rentals, conference income, Trinity Center rentals and fees, and other similar sorts of miscellaneous income.
46 cents = Salaries and Benefits for Trinity’s Faculty and Staff
14 cents = Facilities including utilities
3 cents = SECURITY
1 cent = Debt Service
3 cents = Food Service
1 cent = Advertising
1 cent = Insurance, Legal, Audit
1 cent = Campus Shuttle
8 cents = Everything Else (Supplies, Equipment, Fees, Postage)
Trinity Fiscal 2012 Expense Budget = $35 Million: for every dollar Trinity spends here’s how the money is allocated…
22 cents = Trinity Grants and Scholarships for Trinity Students
THE BOTTOM LINE We know that our students and families experience a great deal of
financial stress in pursuing their dream of a Trinity education. In the current recession, we are doing everything possible to sustain Trinity’s quality while restraining prices. We provide extensive financial aid for our students to help them achieve their educational goals.
As a private university, Trinity does not receive the taxpayer-subsidized support of the public universities in this region, like the University of Maryland or George Mason. Our main source of operating funds comes from tuition, gifts and grants, and payments for auxiliary services like conferences.
Trinity makes every effort to control costs while providing a high quality learning experience for every student. Our devoted staff and faculty work long hours with modest amenities to make this education effective each day.
Continued…
THE BOTTOM LINE Trinity’s top priorities in every budget cycle are those budget items that
contribute to excellence in education here: improving faculty salaries; continuous upgrades of Trinity’s technological capacity, especially academic
technology and the telecommunications infrastructure; improvement in Trinity’s student services like academic support and advising; and continuing to fund a large amount of student financial aid through Trinity’s own
resources.
We also must attend continuously to facilities needs and the growing costs of additional regulatory compliance imposed by federal and local governments.
Trinity has ambitious plans to renovate and expand our academic and student life facilities in the years to come. The funding for these projects will come largely from gifts and grants and auxiliary revenues, as is true right now for the Trinity Center for Women and Girls in Sports.
• Note: Funding for the Trinity Center’s operations and debt service comes from charitable gifts and grants as well as auxiliary revenues collected from membership fees and rentals. Since the Trinity Center opened in 2003, all students have had full access to the sports, health, wellness and fitness facilities and programs of the Trinity Center with no additional fees charged to students for access to these facilities and programs, unlike many other universities that charge a special fee for use of the recreation center.
FREQUENTLY ASKED QUESTIONS
About College Tuition
… at Trinity… at other universities
College Tuition FAQ’s• Why Does Tuition Go Up Every Year?
Labor. Technology. Utilities. Facilities.
Many reasons drive annual tuition increases. The most notable reason stems from the fact that colleges and universities are largely labor-driven businesses, meaning that salaries and benefits are our primary expense.
At Trinity, salaries and benefits account for 46% of our expense budget, which is below normal. Our faculty and staff expect to get raises every year, just like other workers. These raises help our employees to keep up with the cost of living. At Trinity, where salaries and benefits are relatively modest, annual raises have held steady at 2-3% or less for many years.
We also often have to add faculty and staff to keep up with the instructional and service needs of our students. Or, we might want to add a new program, like Nursing, that meets a distinctive workforce need in our region. Personnel additions are an investment cost that we hope will pay for themselves over time, but in the first few years, they are often additions to budget without offsetting revenues.
Trinity must also purchase goods and services in order to deliver our academic programs --- everything from the cost of insurance to telephone and internet providers to food service to electricity, water and natural gas. These expenses are rising all the time, and so Trinity’s tuition increases keep up with the rising costs of goods and services we must purchase.
College Tuition FAQ’s• OK, I get it about some annual increases, but why does tuition go
up faster than the rate of inflation?
Some of the goods and services that Trinity must buy have price rises that are much higher than inflation --- for example, the cost of employee health care goes up every year. The cost of water and electricity in the Washington region is skyrocketing.
Every time the federal or local government passes a new regulation affecting higher education, we have additional legal fees and other fees and costs to ensure compliance. The new Higher Education Act has 110 NEW federal regulations that we have to abide by.
We also want to make ongoing investments in technology, and the cost of technological equipment and services is very high, and we have to invest more than just a “steady state” increase each year in order to provide “state of the art” equipment and software.
It’s also no secret that we have some fairly old buildings on Trinity’s campus, and we are constantly trying to upgrade our older infrastructure. Upgrading or replacing the old infrastructure costs a lot more than simply the price of a spigot at Home Depot --- in many cases here at Trinity, we have to special order parts because our mechanical equipment is so very special.
Every time there’s a bad incident on a college campus elsewhere --- a violent crime, a weather catastrophe --- we have to do a “risk management” review here to see how prepared we are to cope with a crisis. Often, in planning a better response, we have to spend additional money on personnel, consultation, equipment or other services in order to improve our ability to respond to a crisis.
College Tuition FAQ’s• Those seem like all administrative issues, but I came here to get
a great education. How do the faculty and academic programs benefit from tuition increases?
Beyond increases in salaries and benefits mentioned above, Trinity also continuously assesses whether to add full-time faculty or staff positions to serve the academic and co-curricular needs of students. For example, with the growth in demand for Nursing, Trinity will be adding more faculty in that discipline, along with disciplines like Criminal Justice, Business, Psychology and in related programs, all of which enroll large numbers of majors or support large general education courses.
Trinity will continue to add staff in related Academic Services like advising and academic support, as well as in Enrollment Services where so many students go to get assistance with registration, financial aid, and preparation for graduation.
Improving academic technology is a continuous focus at Trinity. All computers and peripherals in classrooms, labs, faculty offices and elsewhere are on a continuous upgrade plan, and often the equipment needs replacement at an earlier moment. Software upgrades must occur frequently, and sometimes we need to retain consultants to assist with academic technology needs.
College Tuition FAQ’s• Trinity’s classrooms, science labs and library are old. Are we going to
get some new facilities any time soon?
• Yes! But it will take a few years…. This year we have begun in earnest a planning process that will lead to the creation of the Trinity Academic Center, with new classrooms and renovated science laboratories and library facilities. We will work with architects who will interview members of the campus community about our facilities needs.
• As the economy comes out of the recession, we will also launch a new capital campaign to underwrite the large expenses of facilities development.
• We have not forgotten about new campus housing --- working with partners to develop new campus housing is also on our very ambitious building agenda.
Trinity Welcomes Your Input!
To Comment on this Slideshowor to Receive Additional Information
Please Contact:
President Patricia [email protected]
202-884-9050
Office of the President125 Michigan Avenue, NEWashington, DC 20017