Cross-Cutting Themes - Academic Plan

4. Cross-Cutting Themes - Academic Plan • Enhance Value for Students and Faculty • International Opportunities • Experiential Learning • Interdisciplinary Solutions • Online Learning • Innovation and Partnerships • Self-Reliance

5. Why Such Value-based Themes? • Relevance in the 21st Century • Revenue - self-reliance; limited state suppport • Quality – attract/retain good students & faculty • Institutional Pride • Societal contributions – local to global • Scholarly excellence

7. Value Investments for URI • New Faculty Positions – 8 tt + 4 Lecturers - $1.1 million -- leverage lecturers with per course $ to create 8 positions -- strategically allocate -- student to faculty ratio from 14:1 to 15.5:1 over 2 years -- low in comparison with peers, achieved with part-timers -- need more full-time faculty in 1st year and gen eds and to enhance scholarly work -- ratios vary widely by department and college -- of 795 faculty FTE; 110 FTE are part-time -- investment in quality, value, learning, and scholarship

10. Student to Faculty Ratio Comparisons URI – from 14:1 to 15.5:1 --- target ~16.5:1 UCONN - 17:1 PSU – 17:1 UMASS - 18:1 UILL - 17:1 UNH - 18:1 UFL - 22:1 UVM - 16:1 UTA - 18:1 URI achieves lower ratio with disproportionate reliance on part-time faculty teaching intro courses

11. Value Investments for URI • Global Learning/International Opportunities: $250,000 -- leadership to oversee all global activities -- ESL partnership -- institutional partnerships, intl students, travel courses III. Coordinator of Summer Programs: $150,000 -- attractive campus/location - summer session under-utilized -- online and on-campus – attract URI and other students -- traditional courses and creative new programming -- generate revenue – would pay for itself

12. Value Investments for URI • Liaison for Academic Internships: $100,000 -- expand experiential learning – staff support between colleges, UC, and Career Center -- build connections and partnerships on- and off-campus -- quality credit-bearing internships -- student employment and institutional reputation V. Graduate Research Tuition Differential Fellow: $150,000 -- current program is at $1.3 m needs to grow to $2 m -- GTA program at $12.5 m -- supports students, enhances faculty research and grant competitiveness, creates vibrant graduate programs

13. Financial Aid • Driver of revenue of our increasingly tuition dependant budget • Driver of our enrollment, retention, diversity, and student quality goals as well as our financial goals • Means by which we address the access, affordability, and quality aspects of our mission • Despite growth in our aid budget, we are increasingly not competitive in yielding quality OS students • Our OS discount rate of 18% is below NE doctoral peers (33%) and privates (42 – 45%) • Our “price”, “value”, “aid” equation is out of balance

14. State Appropriation, Tuition and Fees, Student Aid Note: * FY00-FY06, GO Debt Service is budgeted in the Department of Administration (prior years’ data normalized). * Effective FY07, state appropriation does not include GO Debt Service Pass-through * Asset Protection and other RICAP projects budgeted separately.

15. Undergraduate Tuition Comparison Undergraduate Tuition & Mandatory Fees (2009/2010 rates) In-State Out-State Room/Board • University of Vermont $13,556 $31,412 $8996 • University of New Hampshire $12,461 $26,750 $9112 • University of Connecticut $9886 $25,846 $10,120 • University of Maine $9626 $23,876 $8348 • University of Massachusetts $11,732 $23,229 $8276 • University of Rhode Island $9528 $26,026 $10,550 In-State Rank: 6th lowest Out-State Rank: 3rd Highest Room & Board: Highest

16. A few other comparisons on Financial Aid 2009/2010: US News • Avg. % % Students Receiving Avg. Need • Need Met Need Based Grants Based Grant • University of Vermont 76% 50% $12,478 • University of New Hampshire 81% 39% $3025 • University of Connecticut 67% 34% $6649 • University of Maine 78% 50% $6427 • Montana State 72% 34% $4295 • University of Massachusetts 87% 41% $8520 • University of Rhode Island 57% 55% $7236 % Need Met: Lowest - % Students receiving need-based grants: Highest - Avg Need Grant : 3rd Highest

17. Financial Aid, Scholarships & Tuition Remission: FY 2010, Total $60M

18. Financial Aid/Discounting Needs $10 million dollar increase in Aid Budget for FY 12 -- increase discount to 32% -- ~ $6.4 million for recruitment/yield of OS freshman -- ~ $3 million for retention of current students -- ~ $600K for IS recruitment/yield -- projected difference of 1460 vs.1160 OS students --allows enhanced selectivity and quality – yield 1100-1200 SATrange vs. <900 range

19. Student Financial Aid, Scholarships & Tuition Waivers: Fiscal Years 2007 - 2012 • FY 07 $39.1M • FY 08 $47.7M • FY 09 $51.9M • FY 10 (mid-year) $60M • FY 11 (allocation) $70.4M • FY 12 request $80.4M

20. Financial Aid Dilemma • Not sustainable – relying too much on new $ • Strategic allocation of aid – “net revenue” model Potential Other Sources of Aid Private giving: targeted & unrestricted aid endowment (will take time) Careful scrutiny of cost/value equation in GF budget Reallocation within & across fund lines – is this only a GF responsibility?

23. Discount Rate Comparison Peer Comparison (2007 Data): • University of New Hampshire 31% • University of Maine 28% • University of Connecticut 27% • University of Massachusetts 22% • Montana State 13% • University of Rhode Island 17% • University of Vermont 17% (Based on 2007 data, Minter & Assoc, 2008)

24. A few other comparisons on Financial Aid 2009/2010: US News: Part 2 • Avg Financial Avg Need-Based Avg Non-Need • Aid Package Loan(excludes Plus/Private) Grant/Scholarship • University of Vermont $19,519 $6061 $2232 • University of New Hampshire $17,910 $3848 $7552 • University of Connecticut $11,048 $4305 $6080 • University of Maine $11,369 $5061 $11,399 • Montana State $9834 $4640 $1813 • University of Massachusetts $13,282 $4374 $3193 • University of Rhode Island $12,654 $6557 $5468 Avg Financial Aid Package Rank: 4th Avg Need-Based Loan Rank: 1st Avg Non-Need: 4th