Truth in Tuition Hearing. March 1, 2018

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1 Truth in Tuition Hearing March 1, 2018

2 Tuition Setting in Utah Truth in Tuition Hearing Opportunity for student input Statutory requirement Advertised Resident Undergraduate Tuition Increase between 0 and 4% (combined 1 st and 2 nd tier tuition increases)

3 What do my Tuition Dollars Pay For? Fuel & Power 1.5% Travel 0.5% Equipment 0.2% Student Aid 1.1% Salaries & Wages 58% Benefits 26% Supplies 13%

4 Appropriated Revenue Budget $235,193,300 $128,329,300 54% $106,864,000 46% TAX FUNDS TUTION

5 Two-Tier Process Tuition Setting in Utah First-tier tuition increase Established by Board of Regents Applies to all USHE institutions Funds utilized by Legislature in funding compensation increases 75% state tax funds 25% tuition revenue Second-tier tuition increase Recommended by individual institutions in consultation with students Requires Board of Trustees and Board of Regents approval

6 UVU s 2 nd Tier Tuition Accountability Increase 7.66% 4.50% 2.40% 0.00% 1.00% 0.00% 0.00% 0.00% 0.00% Revenue $3.667m $2.267m $1.7m $0.00 $0.81m $0.00 $0.00 $0.00 $0.00 Enhanced quality Responded to enrollment growth Promoted student success

7 Factors in Tuition Setting State-support for compensation increases Wages, medical/dental premiums Level of tax fund support Enrollment changes Market pressures Campus needs Commitment to access and affordability

8 Regents Budget Request (Tax Funds Only) 1. Compensation 2% salary/8% medical Regents Priority Total USHE Request $29,869,600 UVU Portion $4,219, Student Growth & Capacity $15,969,000 $5,133, Completion $7,958,000 $1,258, Workforce $15,848,900 $1,523, Statewide Priorities $13,395,000 TBD Total Request $83,040,500 $12,134,300

9 Enrollments Enrollments Headcount FTE Summer (EOT) 10,370 5,352 Fall (EOT) 37,785 25,198 Spring (3 rd Week) 32,670 22,317

10 Projected Enrollments Projected Enrollments Headcount FTE Summer (EOT) 10,733 5,539 Fall (EOT) 38,919 25,954 Spring (3 rd Week) 33,650 22,987

11 UVU s Tuition and Fees Undergraduate credit hours per semester Resident Non-Resident Tuition $2,481 $7,688 Tuition and Fees $2,826 $8,033

12 USHE Tuition & Fees Academic Year, Resident Undergraduate Source: State Board of Regents ( SNOW SLCC Dixie WSU UVU SUU USU U of U $3,692 $3,781 Tuition Tuition & Fees $5,080 $5,712 $5,652 $6,676 $7,175 $8,824 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000

13 Wyoming Florida Utah Montana New Mexico Idaho Nevada North Carolina Alaska West Virginia New York Mississippi North Dakota Nebraska South Dakota Oklahoma Arkansas Georgia Iowa Missouri Wisconsin Kansas Louisiana Indiana Washington Maryland California Tennessee Texas Maine United States Kentucky Oregon Ohio Alabama Hawaii Colorado Arizona Minnesota Rhode Island Delaware Connecticut South Carolina Massachusetts Virginia Michigan Illinois New Jersey Pennsylvania Vermont New Hampshire Average Tuition & Fees Public Four-Year Institutions by State $18,000 $16,000 $14,000 $12,000 $10,000 National Avg $9,583 $8,000 $6,000 $4,000 $2,000 $0

14 Peer Institution Comparison Resident, Undergraduate Tuition and Fees $12,000 $10,000 $8,000 Peer Average $7,761 $6,000 $4,000 $2,000 $0 UVU Weber Cal State Northridge Boise State Alaska Anchorage Kennesaw State Metro State Youngstown State IPFW Fort Wayne Northern Kentucky Ferris State

15 Tuition Setting Timeline 2 nd Tier Tuition hearing March 1 at 2:00 pm Legislative session ends on March 8 President s Council reviews/approves any 2 nd tier tuition increase on March 15 Board of Trustees reviews/approves any 2 nd tier tuition increase on March 28 Board of Regents reviews/approves 1 st tier and any 2 nd tier tuition increase on March 30

16 Impact of Possible Tuition Increase Range Per Semester First Tier Resident Non-Resident Percent Change 0 to 4.0% 0 to 4.0% Amount Change $0 to $99 $0 to $308 Second Tier Percent Change 0 to 4.0% 0 to 1.29% Amount Change $0 to $99 $0 to $99 Combined Total Percent Change 0 to 4.0% 0 to 4.0% Amount Change $0 to $99 $0 to $308

17 Impact of Possible Second Tier Tuition Increase Increase % Resident Non-Resident Estimated Revenue 0% $0 $0 $0 1% $25 $25 (0.32%) $1,065,800 2% $50 $50 (0.65%) $2,131,600 3% $74 $74 (0.96%) $3,197,400 4% $99 $99 (1.29%) $4,263,200

18 Possible Revenue Allocation of a 2 nd Tier Tuition Increase Student Success ($1,600,000) Reduce barriers to completion Student analytics and guided pathways Alternative course access Serious ($600,000) Support key student/academic support programs and services Academic classroom equipment and data technologies Operate Effectively ($863,200) Compensation (medical premium increase, tenure/rank advancements, key retention) Strengthen support services Implement & sustain technology and automated systems Manage Growth ($1,200,000) Expand capacity in critical courses and high demand programs

19 Best Guesstimate (aka today s crystal ball) First Tier Resident Non-Resident Percent Change 1.5% 1.5% Amount Change $37 $115 Second Tier Percent Change 0% 0% Amount Change $0 $0 Combined Total Percent Change 1.5% 1.5% Amount Change $37 $115 Governor recommended 0% (if full tax funding of compensation increase) Regents recommended 1.2% if budget request fully funded Estimate 1.5% tuition required to cover 25% of estimated compensation increase

20 Final Tuition Decision Final tuition rates will be set by the Board of Regents at their meeting on Friday, March 30, 2018, at Dixie State University

21 Questions? Thank you!