1 / 18

Tuition & Aid Advisory Board

Tuition & Aid Advisory Board. A Discussion of UCB Priorities and Funding Strategies September 27, 2004. UCB Priorities. Enhance quality Avoid budget cuts in FY06 (COF value + Fee for Service > FY05 appropriation)

lixue
Download Presentation

Tuition & Aid Advisory Board

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Tuition & Aid Advisory Board A Discussion of UCB Priorities and Funding Strategies September 27, 2004

  2. UCB Priorities • Enhance quality • Avoid budget cuts in FY06 (COF value + Fee for Service > FY05 appropriation) • Gain approval for tuition rate increases sufficient to meet expense needs over multi-year planning horizon • Cover fixed cost increases • Provide funds to remain competitive w/in AAU • Define substance of enterprise status

  3. Investment Strategy • Maintain outstanding faculty • Competitive salaries and benefits • Start-up and matching funds • Selective allocation of faculty lines • PhD support and enrollment growth • Encourage innovative instruction and interdisciplinary research

  4. Investment Strategy • Attract improved student quality • Greater selectivity and diversity in admissions • Increase financial aid/scholarships • Offer small group learning experiences and increased research opportunities for undergraduates • Improve tenure-track faculty to student ratio

  5. Investment Strategy • Provide necessary infrastructure • Develop and renovate instructional, research and support facilities • Enhance student support services • Promote staff development • Upgrade and improve business systems and operations

  6. STATE SUPPORT FOR HIGHER ED

  7. State Effort, FY04State Higher Ed Appropriation per $1000 Personal Income

  8. CU-Boulder Tuition & Fees vs. AAU Publics & Colorado Privates FY04

  9. UCB Affordability

  10. State Tax Support & Tuition Per Resident Student FTE $8,879 below average

  11. SB-189 New Funding Model • College Opportunity Fund • Provides UG per credit hour grant for residents up to 145 hours ($80/hr est.) • 50% grant for Pell-eligible students at certain Colorado private institutions • Replaces current direct state tax appropriation to institutions • Allows enterprise status for qualifying institutions • Removes revenues from state TABOR limits • Authorizes revenue bonding authority for academic facilities

  12. SB-189 New Funding Model • Performance Contracts • May replace Quality Indicator System accountability reporting to CCHE • May provide opportunity for increased management flexibility • Fee for Service • Contract for services beyond UG COF grant • Provides funding for graduate/professional education

  13. Non-Resident: Cost $17,800 Tuition -$20,592 Net /Over $ 2,792 Resident: Cost $17,800 COF -$ 2,400 NRes Cr. -$ 1,396 Endw/Gft. -$ 2,628 Tuition -$ 3,480 Net /Under ($ 7,896) The Cost of a Quality Education

  14. Bridging the Resource Gap • To address the shortfall in funding resident education: • Endowment income and annual gifts will need to double, • Entrepreneurial revenues will need to increase, and; • Resident tuition rates may need to address remaining shortfalls • To do this will require a multi-year implementation strategy

  15. A Proposed Tuition Plan • Establish UG resident base tuition increases over six year planning horizon • Utilize “fixed tuition” plan to minimize impacts to students • One-time increase per cohort – then tuition fixed for five years • One-time increase would approximate total of normal annual increases • Utilize financial aid to ensure accessibility and student quality

  16. Moving Toward a New Economy • Establish fund-raising targets by Schools/Colleges and CUF • Establish a tuition and fee advisory board to evaluate market tuition and financial aid goals • Expand other revenue opportunities, such as executive education, summer school, technology transfer, real estate, and investment income

  17. Summary • A world renowned institution with a significant role in Colorado’s future • Long known for efficiency, but precariously maintaining competitiveness • With the right financial model and legislative support, UCB can sustain its excellence, and enhance Colorado’s economic future and quality of life

More Related