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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?