December 19, 2017 Memorandum To: Valerie Ashby Ravi Bellamkonda William Boulding Marion E. Broome Kelly Brownell Elaine Heath Mary E. Klotman David F. Levi Paula D. McClain Jeffrey Vincent From: Sally Kornbluth Re: Tuition and Fee Recommendations for FY 18/19 Consistent with past practice, we will present our formal recommendation for FY 18/19 tuition and fees to the Board of Trustees in February. Our agreement with the Board is to present tuition increase recommendations with explicit reference to the following factors: market factors (relative tuition ranking, strength of student demand); programmatic needs (the resources needed to sustain and improve academic quality in a competitive environment); Duke s commitment to affordability (the importance of Duke s fundamental commitment to effective financial aid programs that enable admitted students to meet the costs of a Duke education); and alternative revenue sources (access to resources from endowment income, annual gifts, sponsored research, executive education, etc.). In accordance with our commitment to the Board, I would now like to ask each of the Deans to develop a formal rationale for your FY 18/19 tuition proposal for all degree programs in your school. Any newly proposed fees should be explicitly highlighted and justified. I would like your proposals (approximately two to three pages in length, plus any supporting data) by Friday, January 12. This will allow time to review tuition rates and meet the February Board mailing date. You will find attached to this memo drafts of the graphs and tables we will include with the annual tuition proposal. This information includes current tuition rates at peer institutions as well as a five year history of each school s tuition rate. The data for FY 18/19 is based on the tuition forecast provided in your three year budget model last year and any subsequent adjustments made by your staff. We will update the graphs as needed once we receive your formal tuition proposal. If you have questions or corrections in relation to the peer data cited, please contact Amy Oates at 6843501 or amy.oates@duke.edu.
Tuition and Fee Recommendations for FY 18/19 December 19, 2017 Page 2 SK/az Attachment xc: Vincent E. Price Tallman Trask III Timothy Walsh J. Scott Gibson James S. Roberts Amy B. Oates John Clements Kendrick P. Tatum School Financial Managers
Tuition & Fees Trinity College of Arts & Sciences and Pratt School of Engineering & Mandatory Fees Tuition $51,720 $53,760 $2,040 3.9% Tuition & Fees 53,500 55,695 $2,195 4.1% Tuition, Fees, Room & Board 68,298 70,873 $2,575 3.8% Comparative Cost of Attendance Context 2017/18 Columbia 1 70,826 2,496 3.7% Chicago 2 70,551 2,967 4.4% Northwestern 3 68,725 2,381 3.6% Penn 4 68,630 2,630 Georgetown 5 68,336 2,221 3.4% Duke 6 68,298 2,595 3.9% Dartmouth 7 68,109 1,935 2.9% Johns Hopkins 8 67,580 2,194 3.4% Cornell 9 67,541 2,688 4.1% Washington U. 10 67,539 2,173 3.3% Brown 11 67,439 2,873 4.4% Rochester 12 67,418 2,396 3.7% Yale 13 66,900 2,250 3.5% Harvard 14 65,609 2,584 4.1% Stanford 15 64,729 2,188 3.5% Cal Tech 16 64,704 3,027 4.9% M.I.T. 17 64,612 1,950 3.1% Vanderbilt 18 63,248 2,676 4.4% Princeton 19 62,822 2,660 4.4% Rice 20 59,458 1,760 3.1% Cost of Attendence History 80,000 70,000 60,000 201213 201314 201415 201516 201617 201718 201819 $ Cost of Attendance 56,067 58,278 60,945 63,273 65,703 68,298 70,873 % COA Increase 3.9% 4.6% 3.8% 3.8% 3.9% 3.8% NOTES: 201415 rate reflects the change from weighted room average to double AC Does not include NC sales tax surcharge on Board Plan
Divinity School Master of Divinity (M.Div.) 23,250 24,180 930 Comparative Tuition Context 2017/18 Chicago 1 34,146 1,314 Harvard 2 28,096 688 2.5% Yale 3 24,400 480 Columbia (Union) 4 23,670 690 Duke 5 23,250 890 SMU (Perkins) 6 23,016 192 0.8% Emory (Candler) 7 22,500 300 1.4% Boston U. 8 20,100 600 3.1% Wake Forest 9 Drew U. 10 19,888 580 Princeton 11 15,500 1,000 6.9% Asbury 12 15,240 864 25,000 15,000 5,000 201213 201314 201415 201516 201617 201718 201819 $ Tuition Rate 19,120 19,880 20,680 21,500 22,360 23,250 24,180 % Tuition Increase 3.9%
Fuqua School of Business Daytime MBA 65,665 68,200 2,535 3.9% Comparative Tuition Context 2017/18 Harvard 1 72,000 2,550 3.7% Columbia 2 71,544 2,752 M.I.T. 3 71,000 2,750 Penn (Wharton) 4 70,200 2,684 Chicago 5 69,200 2,660 Northwestern 6 68,955 2,493 3.8% Dartmouth 7 68,910 2,520 3.8% Stanford 8 68,868 2,328 3.5% Michigan 9 67,300 5,710 9.3% Yale 10 66,650 2,450 3.8% Duke 11 65,665 2,465 3.9% Carnegie Mellon 12 64,000 2,560 4.2% Cornell 13 63,894 2,310 3.8% Virginia (Darden) 14 62,342 2,234 3.7% Emory 15 59,000 2,000 3.5% UCLA (Anderson) 16 58,588 3,429 6.2% UNC (Kenan Flagler) 17 58,138 2,000 3.6% Berkeley 18 57,143 1,872 3.4% Vanderbilt 19 53,900 2,000 3.9% NOTE: Harvard increased tuition and reduced mandatory fees so I have adjusted the FY17 tuition to be cons 80,000 70,000 60,000 201213 201314 201415 201516 201617 201718 201819 $ Tuition Rate 52,900 55,300 58,000 60,600 63,200 65,665 68,200 % Tuition Increase 5.2% 4.5% 4.9% 4.5% 4.3% 3.9% 3.9%
Graduate School Doctoral Programs 51,480 53,540 2,060 Comparative Tuition Context 2017/18 Chicago 1 55,836 2,124 Northwestern 2 52,239 1,815 3.6% Johns Hopkins 3 52,170 1,760 3.5% Duke 4 51,480 1,980 MIT 5 49,580 1,440 Stanford 6 48,987 1,656 3.5% Princeton 7 47,140 1,820 Columbia 8 44,864 1,312 Harvard 9 44,816 1,520 3.5% Yale 10 41,000 1,200 Pennsylvania 11 33,604 1,318 4.1% Cornell 12 29,500 60,000 201213 201314 201415 201516 201617 201718 201819 $ Tuition Rate 42,350 44,000 45,760 47,590 49,500 51,480 53,540 % Tuition Increase 3.9%
Law School Juris Doctor (JD), Master of Laws (LLM), Doctor of Juridical Science (SJD), Dual Degrees $ 61,000 $ 63,400 2,400 3.9% Comparative Tuition Context 2017/18 Columbia 1 65,252 2,204 3.5% Cornell 2 63,242 1,842 Southern Cal 3 61,898 2,322 3.9% Northwestern 4 61,784 2,234 3.8% New York 5 61,764 2,206 3.7% Harvard 6 61,650 2,100 3.5% Chicago 7 61,626 2,085 3.5% Duke 8 61,000 2,300 3.9% Michigan 9 60,090 2,406 4.2% Yale 10 59,920 2,305 Georgetown 11 59,850 2,274 3.9% Pennsylvania 12 59,382 2,146 3.7% Stanford 13 58,041 1,962 3.5% Virginia 14 57,858 1,934 3.5% Notre Dame 15 55,802 1,990 3.7% Washington U. 16 54,888 1,872 3.5% Vanderbilt 17 54,526 1,844 3.5% Emory 18 54,500 1,800 3.4% Texas (Austin) 19 52,244 3,932 8.1% Berkeley 20 50,617 282 0.6% Tulane 21 50,358 1,844 3.8% 70,000 60,000 201213 201314 201415 201516 201617 201718 201819 $ Tuition Rate 50,750 52,620 54,460 56,500 58,700 61,000 63,400 % Tuition Increase 3.7% 3.5% 3.7% 3.9% 3.9% 3.9%
Nicholas School of the Environment Master of Environmental Management Master of Forestry 39,000 39,500 500 1.3% Comparative Tuition Context 2017/18 Michigan 1 43,718 1,426 3.4% Yale 2 41,065 1,390 3.5% Duke 3 39,000 1,750 4.7% UCSanta Barbara 4 26,604 282 1.1% 8.0% 7.0% 201213 201314 201415 201516 201617 201718 201819 $ Tuition Rate 30,700 31,800 32,900 34,710 37,250 39,000 39,500 % Tuition Increase 3.6% 3.5% 5.5% 7.3% 4.7% 1.3%
Sanford School of Public Policy Master of Public Policy 45,545 46,900 1,355 Comparative Tuition Context 2017/18 Columbia 1 53,036 2,088 4.1% Johns Hopkins 2 52,368 1,728 3.4% Tufts 3 49,892 Harvard 4 48,574 1,506 3.2% Georgetown 5 47,880 1,608 3.5% Chicago 6 47,340 1,710 3.7% Princeton 7 47,140 1,820 Carnegie Mellon 8 46,870 1,370 Duke 9 45,545 2,374 5.5% Michigan 10 44,848 626 1.4% Maryland 11 43,632 2,088 George Washington 12 42,360 1,800 4.4% American 13 39,408 1,512 Syracuse 14 36,000 1,368 Minnesota 15 27,780 816 UC San Diego 16 23,748 282 1.2% 201213 201314 201415 201516 201617 201718 201819 $ Tuition Rate 37,900 38,658 40,011 41,511 43,171 45,545 46,900 % Tuition Increase 3.6% 3.5% 3.7% 5.5%
School of Medicine Doctor of Medicine (M.D.) 57,100 59,100 2,000 3.5% Comparative Tuition Context 2017/18 Washington U. 1 63,230 2,432 Dartmouth 2 61,247 1,784 Harvard 3 59,800 1,750 Columbia 4 59,364 1,730 Yale 5 59,360 1,731 Brown 6 58,328 2,776 Northwestern 7 57,957 2,068 3.7% Duke 8 57,100 1,920 3.5% Stanford 9 56,229 1,902 3.5% Pennsylvania 10 55,928 1,892 3.5% Pittsburgh 11 55,548 1,512 2.8% Cornell 12 55,125 2,625 Rochester 13 54,600 2,200 4.2% Chicago 14 53,286 2,049 Vanderbilt 15 53,213 3,713 7.5% Johns Hopkins 16 51,900 1,739 3.5% Georgetown 17 50,892 1,120 2.3% Emory 18 70,000 60,000 201213 201314 201415 201516 201617 201718 201819 $ Tuition Rate 48,065 49,940 51,888 53,575 55,180 57,100 59,100 % Tuition Increase 3.9% 3.9% 3.9% 3.3% 3.5% 3.5%
School of Nursing Doctor of Nursing Practice (DNP) * 40,872 42,456 1,584 3.9% * MSN and DNP tuition Comparative Tuition Context 2017/18 NYU 1 52,440 8,208 18.6% Case Western 2 48,264 1,416 Georgetown 3 47,880 1,608 3.5% Pennsylvania 4 46,632 3,288 7.6% UNC Chapel Hill 5 46,584 1,085 2.4% Emory 6 44,400 792 1.8% Duke 7 40,872 1,536 3.9% Yale 8 39,840 1,908 Johns Hopkins 9 38,184 1,128 Columbia 10 35,856 1,056 Vanderbilt 11 34,896 2,280 7.0% Rush 12 25,584 384 1.5% 1 8.0% 201213 201314 201415 201516 201617 201718 201819 $ Tuition Rate 32,592 34,200 35,880 37,632 39,336 40,872 42,456 % Tuition Increase 4.9% 4.9% 4.9% 4.9% 4.5% 3.9% 3.9%