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UNIVERSITY OF KENTUCKY 2010-11 Tuition and Mandatory Fees

UNIVERSITY OF KENTUCKY 2010-11 Tuition and Mandatory Fees. see. blue. Considerations. 2010-11 Tuition and Mandatory Fees Schedule January – April: Discussions with CPE President and Staff April 21: Campus Forum April 23: CPE sets tuition parameters

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UNIVERSITY OF KENTUCKY 2010-11 Tuition and Mandatory Fees

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  1. UNIVERSITY OF KENTUCKY 2010-11 Tuition and Mandatory Fees see blue.

  2. Considerations

  3. 2010-11 Tuition and Mandatory Fees Schedule • January – April: Discussions with CPE President and Staff • April 21: Campus Forum • April 23: CPE sets tuition parameters • April 27: UK Board of Trustees approves tuition/fees • May 21: CPE reviews UK’s tuition/fees • June 8: UK Board of Trustees approves 2010-11 Operating and Capital Budget, including program and course fees

  4. Where the money comes from and what it pays for(2009-10 Operating Budget - $2.4 billion)

  5. Where the money comes from and what it pays for(2009-10 Operating Budget - $2.4 billion)

  6. Revised 2009-10 Operating Budget Revenue

  7. State Appropriations, net of debt service (in millions) Federal Stimulus Funds $289.2 For FY 2009-10, the state replaced $21.1 million in state appropriations with federal stimulus funds. For FY 2010-11, it is anticipated that the state will replace $17.2 million in state appropriations with federal stimulus funds.

  8. Gross Tuition and Mandatory Fee Revenue and Net State Appropriations(actual in millions) State appropriations net of debt service and mandated programs. *Projected

  9. Undesignated General FundsEstimated Fixed Cost Increase - FY 2010-11 *The increase in the cost of student financial aid is dependent upon the increase in the level of tuition.

  10. Maintaining MomentumTotal Enrollment

  11. Maintaining MomentumFirst- to Second-Year Retention

  12. Maintaining MomentumDegrees Awarded

  13. Maintaining MomentumGeneral Education Reform In May 2009, the University Senate adopted a new General Education curriculum. When implemented, every course in the new General Education Foundation curriculum will: • Be conducted as a small class or, at least, incorporate a small-group breakout session; and • Have defined outcomes and an embedded “assessable product.”

  14. Affordability RESEARCH UNIVERSITIES

  15. AffordabilityResident Undergraduate Tuition and Fees, FY 2010 Median: $8,679 UK and Top 20 Institutions* *Per the Top 20 Business Plan Source: 2009-10 Survey of Tuition and Required Fees Summary - University of Virginia

  16. AffordabilityNon-Resident Undergraduate Tuition and Fees, FY 2010 Median: $23,990 UK and Top 20 Institutions* *Per the Top 20 Business Plan Source: 2009-10 Survey of Tuition and Required Fees Summary - University of Virginia

  17. Applications, Acceptances, and Enrollment – Week 32 First-Time Freshmen Applications Acceptances Enrollments

  18. Applications and Acceptances – Week 32 Transfers Applications Acceptances

  19. Student Financial Assistance In FY 2009-10, 16,207 undergraduate students (84.5%) received some type of financial assistance. • Federal - Pell Grants ($5,350 maximum FY 2009-10 – increasing to $5,500 maximum in FY 2010-11) • State • Kentucky Educational Excellence Scholarships (KEES)($2,500 maximum award) • College Access Program ($1,900 maximum award) • Institutional Scholarships • Merit and need-based programs • Employee and family education programs

  20. Institutional Scholarships General Funds Original Budget (in millions)

  21. FY 2010-11 Funding Sources - Operating

  22. FY 2010-11 Funding Gap - Operating

  23. 2010-11 Tuition and Mandatory Fees Schedule • January – April: Discussions with CPE President and Staff • April 21: Campus Forum • April 23: CPE sets tuition parameters • April 27: UK Board of Trustees approves tuition/fees • May 21: CPE reviews UK’s tuition/fees • June 8: UK Board of Trustees approves 2010-11 Operating and Capital Budget, including program and course fees

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