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FY10 Statutory Tuition Revenue Projections Different Rates for UG and GR; Resident and Non-resident Undergraduate, Resid

FY10 Statutory Tuition Revenue Projections Different Rates for UG and GR; Resident and Non-resident Undergraduate, Resident $50 / Semester Credit Hour Graduate, Resident $100 / Semester Credit Hour

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FY10 Statutory Tuition Revenue Projections Different Rates for UG and GR; Resident and Non-resident Undergraduate, Resid

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  1. FY10 Statutory Tuition Revenue Projections • Different Rates for UG and GR; Resident and Non-resident Undergraduate, Resident $50 / Semester Credit Hour Graduate, Resident $100 / Semester Credit Hour Non-Resident Rate established by THECB average NR tuition of the 5 most populous states FY08 Rate: UG $328 / SCH GR $656 / SCH FY09 Rate: UG $331 / SCH GR $662 / SCH FY10 Rate: UG $327 / SCH GR $654 / SCH

  2. Texas Public Education Grants Mandatory financial aid ‘set-aside’ for Texas Public Education Grants (TPEG) per Ed Code 56.033(a)(2) Funds for TPEG are netted from statutory tuition revenue: 15% of Resident tuition 3% of Non Resident tuition (can be reset each biennium by the legislature) 2

  3. FY10 Statutory Tuition Revenue Projections We are liable for the actual TPEG requirement by Ed Code based on census data not budget data: Budgeted TPEG is adjusted for the: Estimated Change in mix of ‘paying’ students: UG/GR Res/NR Other legislative changes (e.g. set-aside rate) 3

  4. FY10 Statutory Tuition Revenue Projections Difficult to know with precision what future enrollment mix will be: How many non-residents paying the out of state tuition rate? Non-resident & international students appointed to a 20 hour per week TA/GA position pay in-state tuition rates Graduate student taking undergraduate level courses, pay UG tuition rate Over estimating non-resident tuition can have substantial financial impacts; for example, a shift of 10 FTE UG NR students (30 SCH each) = $ 98,100 annualized (next year’s rate) 10 FTE GR NR students (18 SCH each) = $117,720 annualized (next year’s rate) 4

  5. Last Year at this time: We were expecting a loss of student head count in FY09 due to admissions criteria 800 students FY09 tuition budgets were conservatively based on 648,648 SCH No change in mix of students 5

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  7. Projection is 0.2% SCH less than projected FY09, with a 5.5% decline for UG NR SCH (20 FTE UG) and 7% decline for GR NR SCH (10 FTE GR). 7

  8. FY10 Designated Tuition Revenue Projections Normally, easier to compute – Board approved rate times SCH Summer is the trailing semester. Predicting next year’s total SCH / Summer trailing semester Legislature may change the FY10 Board approved rate Rate Projection Scenarios: No rate increase Board Approved Rate 5% Designated Tuition Rate Cap 5% Total Academic Cost Cap 8

  9. FY10 Designated Tuition Revenue Projections FY10 SCH Basis: <0.2%> of projected FY09 or 670,450 SCH 3.4% increase over FY09 budgeted SCH Even the flat rate scenario will generate additional base budget given prior year conservative projections 9

  10. Scenario 1: Designated Tuition Rate is flat. 10

  11. Scenario 2: FY10 DT Rate is capped at 5% 11

  12. Scenario 3: FY10 Total Academic Costs Capped at 5% but Designated Tuition Rate is Maximized 12

  13. Scenario 4: Board of Regents’ Approved FY10 Designated Tuition Rate 13

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