Tuition & Fee Presentation (PPT) - University of North Carolina

Report
1
2015-16 and 2016-17
Tuition & Fees
Presented to:
Board of Trustees
November 20, 2014
2
Table of Contents
3
Overview of BOG Guidance
Page 3
Tuition Recommendations – Details
4–9
Mandatory Student Fees
10 – 18
Room + Board Rates
19 – 24
Summary of Changes / Compliance w/ BOG Guidance
25 – 30
BOG Guidance
Year 1 of 3rd 4-Year Plan
 Tuition and Fee Rates will be set by the Board of Governors on a Biennial Basis
 Rates (both tuition and fees) for academic years 2015-16 and 2016-17 will be set in the winter
of 2015
 Maximum Allowable Increases – 5.0% per year (undergraduate resident students)
 Tuition – reduced by 1.5% for every 1% increase in appropriations / FTE above the
5% rate.
 Fees – applies only to general fees (no debt service)
 Combined tuition & fee rates for resident undergraduates shall remain within the bottom
quartile of each campus’ public peers, as approved by Board of Governors.
 In addition, combined rates for non-resident undergraduate students should be market-
driven.
4
Overview: FY 2015-16 and FY 2016-17
• Tuition Increases
• Student Fees
• Room and Board Rates
5
Tuition Recommendations
FY 2015-16
6
Current Rate
Proposed
Increase
 Undergraduate Students
 In-State
 Out-State
$4,026.00
$18,053.75
$162.00
$0.00
4.02%
0.0%
 Graduate Students
 In-State
 Out-State
$4,162.73
$16,098.18
$166.50
$322.00
4.0%
2.0%
 MSA Students
 In-State
 Out-State
$4,972.28
$16,640.26
$166.50
$322.00
3.35%
1.94%
 MBA Students
 In-State
 Out-State
$4,744.58
$16,640.26
$166.50
$322.00
3.51%
1.94%
% Increase
Non- Resident Student Enrollment –
Red Flags/Early Warnings
7

Out of State applications for the Class of 2014 freshman were down 8%.

The offer rate for out of state freshman has gone from 33% in 2011 to 46% in 2014.

Freshman out of state yield rates have fallen below 20% for two consecutive years.

The Freshman to Sophomore Retention (84.4)rate is the lowest since 2006.

The 2013 Freshman Fall to Spring persistence rate was 90.4% compared the 3 year average of
95.2%.

The out of state proportion of UNCW’s undergraduate student body is steadily decreasing
(14.5%).

9 of the top 10 states for UNCW recruitment are below their 5 year average yield.

8 of the top 10 states for UNCW recruitment are down in applications from the previous year.
Tuition Recommendations
FY 2015-16
 Recommended increase summary FY 2015-16:
 Funding / FTE:







8
Funding
Faculty Positions
$441,850
Expanded Course Offerings
43,340
Academic Programs
125,000
Graduate Programs
177,125
Grant Development Fund
120,000
Student Services
215,238
Excellence and Equity
691,898
 Total
$1,814,451
%
24.4%
2.4%
6.9%
9.8%
6.6%
11.9%
38.0%
100.0%
FTE
4.0
3.0
7.0
Tuition Recommendations
FY 2016-17
Proposed
FY 15-16 Rate
9
Proposed
Increase
% Increase
 Undergraduate Students
 In-State
 Out-State
$4,188.00
$18,053.75
$167.50
$270.80
4.00%
1.50%
 Graduate Students
 In-State
 Out-State
$4,329.23
$16,420.18
$119.00
$247.00
2.75%
1.50%
 MSA Students
 In-State
 Out-State
$5,138.78
$16,962.26
$119.00
$247.00
2.32%
1.46%
 MBA Students
 In-State
 Out-State
$4,911.08
$16,962.26
$119.00
$247.00
2.42%
1.46%
Tuition Recommendations
FY 2016-17
 Recommended increase summary FY 2016-17:
 Funding / FTE:
 Faculty Positions
 Graduate Programs
 Student Services
 Excellence and Equity

10
Total
Funding
$644,775
177,125
352,540
1,132,008
$2,306,448
%
28.0%
7.7%
15.3%
49.0%
100.0%
FTE
6.0
4.0
10.0
Tuition Recommendations
Current Rate
FY 14-15
%
Increase
Proposed
FY 15-16
%
Increase
Proposed
FY 16-17
Undergraduate Students
—
—
In-State
$
4,026.00
4.02%
$ 4,188.00
4.00%
$
4,355.50
—
Out-State
$ 18,053.75
0.00%
$ 18,053.75
1.50%
$ 18,324.55
Graduate Students
—
—
In-State
$
4,162.73
4.00%
$ 4,329.23
2.75%
$
4,448.23
—
Out-State
$ 16,098.18
2.00%
$ 16,420.18
1.50%
$ 16,667.18
MSA Students
—
—
In-State
$
4,972.28
3.35%
$ 5,138.78
2.32%
$
5,257.78
—
Out-State
$ 16,640.26
1.94%
$ 16,962.26
1.46%
$ 17,209.26
MBA Students
—
11
—
In-State
$
4,744.58
3.51%
$ 4,911.08
2.42%
$
5,030.08
—
Out-State
$ 16,640.26
1.94%
$ 16,962.26
1.46%
$ 17,209.26
Mandatory Student Fees
FY 2015-16 and FY 2016-17
12
General Fees (subject to 5.0% cap)
(FY 15-16 Cap = $95.39) (FY 16-17 Cap = $100.15)
General Fees - … shall be fixed by the Board of Governors upon the recommendation of the Chancellor and the
President.
Current Fee
FY 2014-15
Increase
Athletics
$654.55
Health Services
$28.00
Proposed
FY 15-16
$682.55
Increase
$42.00
Proposed
FY 16-17
$724.55
$190.50
$0
$190.50
$0
$190.50
Student Activities**
$644.15
$13.00
$657.15
$8.00
$665.15
Educational & Technology
$398.50
$51.96
$450.46
$42.50
$492.96
$1,907.70
$92.96
$2,000.66
$92.50
$2,093.16
Total
4.9%
4.6%
** Student Activities: Student Support, Media, SGA, Union, Campus Recreation, Postal, Athletic Facilities,
Cultural Events, ID/Debit Card, Leadership, Commencement, Green Fee (NEW)
13
General Athletics Fee
2014-15 Fee
$654.55
2015-16 Proposed
$682.55
Increase
$28.00
% Change
4.3%
2016-17 Proposed
$724.55
Increase
$42.00
% Change
6.2%
Recommendations /Comments:
Fee increase addresses the following areas:
 Fiscal sustainability
 Staffing needs (inequities and legislative increases, several coaching positions)
 Competitive Excellence / Scholarship: including reducing game guarantees
 Student Athlete Well-Being / Program Operations (NCAA Autonomy)
14
Education & Technology Fee
2014-15 Fee
$398.50
2015-16 Proposed
$450.46
Increase
$51.96
% Change
13.0%
2016-17 Proposed
$492.96
Increase
$42.50
% Change
9.4%
Recommendations /Comments:
 Fee increase would address the following:
 Education ($28.46)
 Funds to support student supplies in the labs
 Technology ($66.00)
 Replace access layer of network in academic areas
 Address student concerns regarding connectivity across campus
 Fund future network replacements as technology continues to advance
15
New Fee – The Green Initiative Fund (TGIF)
2014-15 Fee
$0.00
2015-16 Proposed
$10.00
Increase
$10.00
% Change
N/A
Recommendations / Comments:
 Fee will fund the following:
 0.75 FTE Sustainability Coordinator
 Student and Faculty mini-grants
 Green energy projects
 Sustainability benchmarks and education
 This fee was proposed by Business Affairs and Students
 It was accompanied with an SGA resolution of support and 29 declarations of
support from student organizations at UNCW.
16
Campus Life – Student Union
2014-15 Fee
$129.00
2015-16 Proposed
$137.00
Increase
$3.00
% Change
2.3%
2016-17 Proposed
$145.00
Increase
$8.00
% Change
5.8%
Recommendations /Comments:
17
Fee increase would have addressed the following areas:
 Capital improvement funds for facilities enhancement and technology upgrades
 Lumina Theater, Sharky’s game room, and Clock Tower lounge
 Continued digital upgrades in all facilities (video conferencing, streaming, and
quality projection)
 Upgrade lighting and furniture in Warwick, including technology charging ports
 No longer charging student organizations for technology support in Fisher Student
Center and Fisher University Union
 Enhance programming for traditional UNCW events (Homecoming, Family and Alumni
Weekend)
Miscellaneous Fee (not subject to 5% cap)
Transportation
2014-15 Fee
$76.00
2015-16 Proposed
$90.00
Increase
$14.00
Recommendations / Comments:
 Recommend funding for the following:
 Transportation & Commuter Sustainability Coordinator
 Additional costs associated with WAVE
 Additional hourly cost
 Additional routes within one mile radius
18
% Change
18.4%
FY 2015-16 – Combined Tuition & Mandatory Fees
Undergraduate Resident (Academic Year):
 Regular Term Tuition
 Mandatory Fees
 General Fees
 Debt Service
 Special
 Miscellaneous
 Total =Tuition + Mandatory Fees
FY 2014-15
$4,026.00
Proposed
FY 2015-16
$4,188.00
1,907.70
381.00
0.00
77.00
$6,391.70
2,000.66
381.00
0.00
91.00
$6,660.66
92.96
0.00
0.00
14.00
$268.96
4.21%

Undergraduate Non-Resident
$20,419.45
$20,526.41
$106.96
0.52%

Graduate Resident
$6,528.44
$6,801.89
$273.46
4.19%

Graduate Non-Resident
$18,463.88
$18,892.84
$428.96
2.32%

19
Change
$162.00
FY 2016-17 – Combined Tuition & Mandatory Fees

20
Undergraduate Resident (Academic Year):
 Regular Term Tuition
 Mandatory Fees
 General Fees
 Debt Service
 Special
 Miscellaneous
 Total =Tuition + Mandatory Fees

Undergraduate Non-Resident

Graduate Resident

Graduate Non-Resident
Proposed
FY 2015-16
$4,188.00
Proposed
FY 2016-17
$4,355.50
Change
$167.50
2,000.66
381.00
0.00
91.00
$6,660.66
2,093.16
381.00
0.00
91.00
$6,920.66
92.50
0.00
0.00
0.00
$260.00
3.90%
$20,526.41
$20,889.71
$363.30
1.77%
$6,801.89
$7,013.39
$211.50
3.11%
$18,892.84
$19,232.34
$339.50
1.80%
Room + Board Rates
21
Proposed Room Rates
Housing Types (Per Semester)
2014-15
2015-16
Increase
$2,474
$2,523
$49.00
Suite Double rooms
Honors, International, Double Suite, Cornerstone
$2,797
$2,853
$56.00
Apartments and Single Suites
$2,996
$3,056
$60.00
Seahawk Crossing
4-, 6-, 8-person suites
$3,156
$3,219
$63.00
Year-Round Leases (Annual Rates)
SeahawkVillage / Landing
Two-Bedroom
Three-Bedroom
Four-Bedroom
$8,117
$7,887
$7,556
$8,279
$8,046
$7,707
$81.00
$79.50
$75.50
Seahawk Crossing
$7,575
$7,726
$75.50
Double rooms
Belk, Galloway, Graham, Hewlett, Schwartz
22
FY 2015-16 rates increases over FY 2014-15: 2.0% - Housing Services Main; 2.0% - Seahawk Complexes)
Room Rate Justification
23

Research of housing rates:
 Comparable to UNC-system institutions, UNCW national peer institutions and off-campus
housing costs in Wilmington

Increases in room rates will provide:
 Cost of living increases impacting most of the Housing budget:
 Utilities (3.5% - electricity; 3.0% sewer and water)
 Insurance – 4%
 Administrative Support (internal services, e.g. security) – 3.0%
 Capital outlays (~ $1.6M):
 Furniture replacement, safety items (bike racks, etc.), sustainability initiatives (recycling, water
bottle refill stations), University Apartments flooring, IT (Camera Replacement), HVAC –
Honors & International
 Wireless Network Upgrade – replacing access layer of network ($250K for the next 5 years)
 Meet debt service coverage requirement of 1.10x for future years
 Housing System engineering study – identify maintenance required of aging facilities
Proposed Board Rates
Mandatory Meal Plan Types (Per Semester)
Students living in traditional housing are required to select from these meal plans.
Default Meal Plan: All Access Plus 5
Meals
Food Dollars
Teal Meals
2014-15
2015-16
Increase
% Increase
$1,598
$1,650
$52
3.25%
14 per week
Unlimited (~ 21 per week)
225
150
*0
5 Teal Meals per week
*could exchange in Hawks Nest 6-10pm
Benefits:
Can never go hungry with unlimited meal swipes
Greater or same quality; expanded capacity
All plans – mandatory and voluntary have a Lower cost per meal than previous year
Teal Meals offer use of meal swipes in any retail dining venue (including national brands)
No restrictions on times of day: breakfast, lunch or dinner
Additional Mandatory Meal Plans
24
2015-16
All Access (Unlimited) with 10 Teal Meals/week and $225
$1,760
All Access (Unlimited) with 14 Teal Meals/week and $250
$1,880
Proposed Board Rates
Cost Increase Drivers

No increase in pricing last year (for FY 2014-15); meanwhile, food costs have risen
 Average of 9% increase on top ingredients from January 2013 to January 2014, while in fact some
proteins have been climbing as high as 38% from January to April 2014
 Ensuring we meet today’s student dietary requests, vegan/vegetarian/gluten free, requires adaptive
menus and higher cost items

Continuing to retain talent and recruit a solid workforce, along with rising healthcare employer
costs, places a minimum of 2.4% increase on labor metrics

Port City Java & Dub City Brew cafés drove a 140% increase in building housekeeping costs

Aging Infrastructure – walk-in freezer replacements, plumbing infrastructure, Madeline Suite

Coupon incentives necessary to offset sales tax increase
Efficiencies
25

Contractor sharing in utility expense; utility usage reductions, and future reductions to be
accomplished with retro-commissioning

Contractor financial contributions for new and expanded venues
Combined FY 15-16 Room + Board Rates
Effective Fall, 2015
Per Semester
Double Rooms (All Access Plus 5)
$4,173
Suite Double Rooms (All Access Plus 5)
$4,503
Suite/Apartment Single Rooms (Block 125+$300)
$4,356
Seahawk Crossing (Block 125+$300)
$4,519
Per Year
26
Seahawk Village / Landing (Block 125+$300)
Two bedroom
Three bedroom
Four bedroom
$10,879
$10,646
$10,307
Seahawk Crossing (Block 125+$300)
$10,326
*Meal plans are being completely restructured for FY 2015-16.The board rates used for FY 2015-16 reflect the most common
plan likely to be purchased based on where the student lives on campus.
Summary of Changes
Compliance w/ BOG Guidance
27
Compliance w/ BOG Guidance
 “…requests for increases in campus-initiated tuition…”
 Combined tuition & fee rates for resident undergraduates shall remain
within the bottom quarter of each campus’ public peers.
 In addition, combined rates for non-resident undergraduate students
should be at or above the third quartile of each campus’ public
peers…
28
UNCW Peer Institutions – U/G Residents
(Approved by Board of Governors, October 2011)
Institution
University of North Carolina-Wilmington
California State University Chico
Truman State University
Murray State University
University of Northern Iowa
Towson University
SUNY at Binghamton
University of Wisconsin-Eau Claire
California Polytechnic University San Luis Obispo
Western Washington University
James Madison University
University of Maryland-Baltimore County
University of Maine
College of Charleston
The University of Texas at Dallas
Rowan University
The College of New Jersey
College of William and Mary
29
Source: College Board
FY 2014-15
Undergraduate Resident Students
Tuition & Fees
$6,315
$7,002
$7,374
$7,392
$7,749
$8,590
$8,619
$8,744
$8,919
$8,965
$9,662
$10,384
$10,606
$10,878
$11,806
$12,616
$15,024
$17,656
$1,434
UNCW Peer Institutions: Non-Residents
(Approved by Board of Governors, October 2011)
Institution
Truman State University
University of Wisconsin-Eau Claire
University of Northern Iowa
California State University Chico
California Polytechnic University San Luis Obispo
Murray State University
SUNY at Binghamton
Towson University
Western Washington University
University of North Carolina-Wilmington
Rowan University
University of Maryland-Baltimore County
James Madison University
The College of New Jersey
College of Charleston
University of Maine
The University of Texas at Dallas
College of William and Mary
30
Source: College Board
FY 2014-15
Undergraduate Non-Resident Students
Tuition & Fees
$13,438
$16,317
$17,647
$19,632
$20,079
$20,112
$20,259
$20,268
$20,407
$20,419
$20,570
$22,682
$24,522
$25,637
$27,868
$28,486
$31,328
$39,360
FY 2015-16 Tuition
& Fees = $20,526
FY 2016-17 Tuition
& Fees = $20,890
BOG Guidance at
or above 3rd
Quartile is met
Action Items for Consideration
31
UNCW Student Financial Commitment
FY 2014-15 to FY 2015-16

Example: Undergraduate, North Carolina resident, lives in Galloway Hall, owns a car (park on campus) and needs medical insurance.

Undergraduate Resident (Academic Year):
 Regular Term Tuition
 Mandatory Fees
 General Fees
 Debt Service
 Special
 Miscellaneous
 Postal mailbox charge
 Room
 Board (All Access plus 5)
 Parking Fee (Resident)
 Medical Insurance
 Total (w/ Med Ins)
 Total (w/o Med Ins)



32
Medical Insurance
still needs to be updated
FY 2014-15
$4,026.00
FY 2015-16
$4,188.00
Change
$162.00
1,907.70
381.00
0.00
77.00
22.00
4,948.00
3,196.00
350.00
1,608.00
$16,515.70
$14,907.70
2,000.66
381.00
0.00
91.00
22.00
5,046.00
3,300.00
350.00
1,608.00
$16,986.66
$15,378.66
92.96
0.00
0.00
14.00
0.00
98.00
104.00
0.00
0.00
$470.96
$470.96
4.9%
$30,543.45
$28,935.45
$30,852.41
$29,244.41
$308.96
$308.96
1.01%
1.07%
Graduate Resident
 W/ Med Insurance, No Room + Board
 W/O Med Insurance, No Room + Board
$8,508.43
$6,900.44
$8,781.89
$7,173.89
$273.46
$273.46
3.21%
3.96%
Graduate Non-Resident
 W/ Med Insurance, No Room + Board
 W/O Med Insurance, No Room + Board
$20,443.88
$18,835.88
$20,872.84
$19,264.84
$428.96
$428.96
2.10%
2.28%
Undergraduate Non-Resident
 W/ Med Insurance
 W/O Med Insurance
4.02%
1.8%
2%
3.25%
2.85%
3.16%
UNCW Student Financial Commitment
FY 2015-16 to FY 2016-17

Example: Undergraduate, North Carolina resident, lives in Galloway Hall, owns a car (park on campus) and needs medical insurance.

Undergraduate Resident (Academic Year):
 Regular Term Tuition
 Mandatory Fees
 General Fees
 Debt Service
 Special
 Miscellaneous
 Postal mailbox charge
 Room
 Board (All Access plus 5)
 Parking Fee (Resident)
 Medical Insurance
 Total (w/ Med Ins)
 Total (w/o Med Ins)



33
Medical Insurance
still needs to be updated
FY 2015-16
$4,188.00
FY 2016-17
$4,355.50
Change
$167.50
2,000.66
381.00
0.00
91.00
22.00
5,046.00
3,300.00
350.00
1,608.00
$16,986.66
$15,378.66
2,093.16
381.00
0.00
91.00
22.00
5,146.00
3,366.00
350.00
1,608.00
$17,412.66
$15,804.66
92.50
0.00
0.00
0.00
0.00
100.00
66.00
0.00
0.00
$426.00
$426.00
4.7%
$30,852.41
$29,244.41
$31,381.71
$29,773.71
$529.30
$529.30
1.72%
1.81%
Graduate Resident
 W/ Med Insurance, No Room + Board
 W/O Med Insurance, No Room + Board
$8,781.89
$7,173.90
$8,993.39
$7,385.40
$211.50
$211.50
2.41%
2.95%
Graduate Non-Resident
 W/ Med Insurance, No Room + Board
 W/O Med Insurance, No Room + Board
$20,872.84
$19,264.84
$21,212.34
$19,604.34
$339.50
$339.50
1.63%
1.76%
Undergraduate Non-Resident
 W/ Med Insurance
 W/O Med Insurance
4.0%
2.0%
2.0%
2.51%
2.77%

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