2005-06 student tuition & fees
DESCRIPTION
2005-06 Student Tuition & Fees. UK Achievements Since 2000:. Enrollment has increased by 2,693 students (11.3%). First-year student class increased by 1,033 students (35%). Governor’s Scholars and Governor’s School for the Arts students have almost tripled to 303 students. - PowerPoint PPT PresentationTRANSCRIPT
2005-06 Student Tuition & Fees
2005-06 Student Tuition & Fees
UK Achievements Since 2000:UK Achievements Since 2000:
Enrollment has increased by 2,693 students (11.3%).
First-year student class increased by 1,033 students (35%).
Governor’s Scholars and Governor’s School for the Arts students
have almost tripled to 303 students.
Six-year graduation rate increased by over 4 percentage points to
59.6%, the highest of all public universities in Kentucky.
Total number of degrees awarded annually increased by 369 to
5,247 (7.6%).
UK researchers brought in a record $238.3 million of outside
funding for grants and contracts, an increase of 37%.
Market value of endowments increased by more than $179 million
(48%).
Enrollment has increased by 2,693 students (11.3%).
First-year student class increased by 1,033 students (35%).
Governor’s Scholars and Governor’s School for the Arts students
have almost tripled to 303 students.
Six-year graduation rate increased by over 4 percentage points to
59.6%, the highest of all public universities in Kentucky.
Total number of degrees awarded annually increased by 369 to
5,247 (7.6%).
UK researchers brought in a record $238.3 million of outside
funding for grants and contracts, an increase of 37%.
Market value of endowments increased by more than $179 million
(48%).
2004-05 Undergraduate Annual Resident Tuition and Fees 2004-05 Undergraduate Annual Resident Tuition and Fees RANK INSTITUTION TOTAL
1 Pennsylvania State University $10,856
2 University of Michigan - Ann Arbor $8,202
3 University of Minnesota - Twin Cities $8,029
4 University of Illinois - Urbana-Champaign $7,966
5 Ohio State University $7,542
6 University of Maryland - College Park $7,410
7 University of Virginia $6,790
8 Purdue University $6,092
9 Texas A & M University $6,041
10 University of California - Los Angeles $6,028
11 University of Wisconsin - Madison $5,866
12 University of Texas - Austin $5,735
13 University of Iowa $5,396
14 University of Washington $5,286
15 University of Kentucky $5,165
16 University of North Carolina - Chapel Hill $4,450
17 North Carolina State University $4,282
18 University of Georgia $4,272
19 University of Arizona $4,097
20 University of Florida $2,955
Source: Integrated Postsecondary Education Data System
Tuition as a Percentage of Per Capita IncomeTuition as a Percentage of Per Capita Income
Rank Institution 2002 Per Capita Income
2002-03 Tuition & Fees Percent
1
Pennsylvania State University
$31,727
$8,382
26% 2
University of Michigan - Ann Arbor
$30,296
$7,485
25% 3
University of Illinois - Urbana-Champaign
$33,404
$6,704
20% 4
Purdue University
$28,240
$5,580
20% 5
Ohio State University
$29,405
$5,691
19% 6
University of Minnesota - Twin Cities
$34,071
$6,280
18% 7
Texas A&M
$28,551
$4,748
17% 8
University of Maryland - College Park
$36,298
$5,670
16% 9
University of Kentucky
$25,579
$3,975
16% 10
University of Iowa
$28,280
$4,191
15% 11
University of Wisconsin - Madison
$29,923
$4,423
15% 12
University of Virginia
$32,922
$4,780
15% 13
University of Washington
$32,677
$4,636
14% 14
University of Texas - Austin
$28,551
$3,950
14% 15
North Carolina State University
$27,711
$3,827
14% 16
University of North Carolina - Chapel Hill
$27,711
$3,826
14% 17
University of California - Los Angeles
$32,996
$4,225
13% 18
University of Georgia
$28,821
$3,616
13% 19
University of Arizona
$26,183
$2,593
10% 20
University of Florida
$29,596
$2,581
9%
Source: Bureau of Economic Analysis; Integrated Postsecondary Education Data System
2003-04 ‘Best Value’ Rankings by Kiplinger
100
96
91
86
78
77
73
72
67
66
58
45
41
37
32
28
20
16
14
4
0 20 40 60 80 100 120
UCLA
Pennsylvania State University
University of Michigan
University of Maryland
Ohio State University
Purdue University
University of Illinois
University of Texas
University of Minnesota
University of Washington
University of Wisconsin
University of Virginia
Texas A & M University
University of Iowa
University of North Carolina
University of Arizona
North Carolina State University
University of Florida
University of Georgia
University of Kentucky
100
96
91
86
78
77
73
72
67
66
58
45
41
37
32
28
20
16
14
4
0 20 40 60 80 100 120
UCLA
Pennsylvania State University
University of Michigan
University of Maryland
Ohio State University
Purdue University
University of Illinois
University of Texas
University of Minnesota
University of Washington
University of Wisconsin
University of Virginia
Texas A & M University
University of Iowa
University of North Carolina
University of Arizona
North Carolina State University
University of Florida
University of Georgia
University of KentuckyUniversity of Kentucky
Rankings based upon annual cost to students, including tuition, mandatory fees, room & board, and books.
Source: Kiplinger
$3,792
$2,208
$3,707$3,840
$3,984
$4,368
$5,165 $5,040
$4,752
0
1,000
2,000
3,000
4,000
5,000
6,000
EKU KCTCS KSU Morehead Murray NKU UK UofL WKU
Kentucky Public Colleges and Universities 2004-05 Annual Tuition and Fees
Undergraduate Resident
Source: Integrated Postsecondary Education Data System
8,318 8,4498,879
9,418
10,608
6,6446,914
7,2507,603
8,141
2,928 3,037
3,718 3,6883,961
0
2,000
4,000
6,000
8,000
10,000
12,000
2000 2001 2002 2003 2004
Applied
Admitted
Enrolled
First-Year Students, Fall 2000 to Fall 2004Applied, Admitted, and Enrolled
First-Year Students, Fall 2000 to Fall 2004Applied, Admitted, and Enrolled
Source: Integrated Postsecondary Education Data System
Quality of First Year StudentsFall 2000 to Fall 2004
Quality of First Year StudentsFall 2000 to Fall 2004
Source: Office of Planning, Budget and Policy Analysis; Office of Admissions
Year
Total Number of First-Year Students
Governor Scholars/Governor School for the Arts
Valedictorians High
School GPA
Number of Students
Entering with AP Credit
ACT
First-Year Student
Cumulative GPA
2004 3,961 303 157 3.53 944 24.2 Not Available
2003 3,688 318 145 3.56 857 24.3 2.81
2002 3,718 272 148 3.50 728 23.8 2.75
2001 3,037 125 125 3.53 577 24.1 2.79
2000 2.928 98 86 3.49 502 24.0 2.76
First-Year Students, Fall 2001 to Fall 2004Kentucky Residents
2,466
2,981
2,918
3,109
5,760
5,889
6,142
6,690
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000
2001
2002
2003
2004
Enrolled Applied
Source: Office of Planning, Budget and Policy Analysis; Office of Admissions
UK was the only public university in Kentucky that increased the percentage of Kentuckians among its undergraduate population between Fall 1998 and Fall 2002 - from 84.3 percent to 85.8 percent.
Total Enrollment, Fall 2000 to Fall 2004Total Enrollment, Fall 2000 to Fall 2004
23,852
24,791
25,741
26,260
26,545
22,500
23,000
23,500
24,000
24,500
25,000
25,500
26,000
26,500
27,000
2000 2001 2002 2003 2004
Source: Office of Institutional Research, Planning, and Effectiveness
Net Change in Student Support, 2000-01 to 2004-05Net Change in Student Support, 2000-01 to 2004-05
Change in Annual Net
State Appropriations
Change in Full-Time Equivalent Enrollment
(FTE)
Change in Annual State
Appropriations per FTE
Change in Annual Tuition
and Fees (Undergraduate
Resident)
Net Change in Student Support
-$13,900,800 2,372 -$1,760 $1,719 -$41
This “loss” does not take into account the dramatic increases in the cost of university operations since 2000. During this time, the Higher Education Price Index (a measure of the cost of goods and services purchased by postsecondary institutions) has increased 17.6%.
Source: Office of Planning, Budget and Policy Analysis
Full-Time Positions by Funding CategoryFull-Time Positions by Funding Category
Source: Office of Institutional Research, Planning, and Effectiveness; Office of Planning, Budget and Policy Analysis
Number Percent FY 2000-01 FY 2004-05 Change Change
State & Tuition 4,536.1 4,484.5 (51.6) -1.1%
Self-Supporting 2,746.7 2,718.8 (27.9) -1.0%
Federal 204.0 241.4 37.4 18.3%
Grant and Contract 949.6 1,234.7 285.1 30.0%
Hospital 2,663.0 2,772.0 109.1 4.1%
11,099.3 11,451.4 352.1 3.2%
UK has redirected more than $35.4 million in three years.
2005-06 Budget Decision Process State Budget Outlook
2005-06 Budget Decision Process State Budget Outlook
State Appropriations
Earmarked funds
Operating funds
December
$2,887,900
$0
February
$2,887,900
$2,766,300
March
$5,412,900
$13,248,100
Source: Office of Planning, Budget and Policy Analysis
2005-06 Budget Decision Process Tuition and Fees (Per Semester)
Full-Time Undergraduate
2005-06 Budget Decision Process Tuition and Fees (Per Semester)
Full-Time Undergraduate
2005-06
Resident
Dollar Change
Percent Change
Nonresident
Dollar Change
Percent Change
December
$3,005
$422.75
16.4%
$6,445
$472.75
7.9%
February
$2,958
$375.75
14.6%
$6,398
$425.75
7.1%
March
$2,906
$323.75
12.5%
$6,399
$426.75
7.1%
2004-05
Resident
Nonresident
$2,582.25
$5,972.25
Source: Office of Planning, Budget and Policy Analysis
2005-06 Budget Decision Process University Needs
2005-06 Budget Decision Process University Needs
December
Priorities:
Salaries3% increase
$10.7 M
Health Benefits10% increase
$3.6 M
Scholarships $13.5 M
Reserves and internal reallocations
$14.7 M
February
3% increase and
faculty “fighting fund”
$11.3 M
10% increase
$3.6 M
$13.7 M
$10.3 M
March
4% increase, faculty “fighting fund” and staff equity pool
$14.5 M
9.4% increase
$2.7 M
$11.6 M
$3.2 M
Source: Office of Planning, Budget and Policy Analysis
Average Faculty Salary (All-Ranks), 2004-05UK Benchmark Institutions
Average Faculty Salary (All-Ranks), 2004-05UK Benchmark Institutions
70,843
73,961
74,393
75,288
77,049
77,312
77,387
78,796
81,393
81,713
81,998
82,612
84,797
85,193
86,281
86,435
87,735
91,090
100,391
71,026
60,000 70,000 80,000 90,000 100,000
Purdue University
University of Georgia*
North Carolina State University
Pennsylvania State University*
Texas A&M
University of Florida
University of Washington
University of Arizona
University of Illinois - Urbana-Champaign
University of Wisconsin - Madison
University of Texas - Austin
University of Iowa
University of Michigan - Ann Arbor
University of North Carolina - Chapel Hill
University of Minnesota - Twin Cities
Ohio State University
University of Maryland - College Park
University of Virginia
University of California - Los Angeles
* Estimated
$73,542 Goal - 90% of the
benchmark median
$81,713 median
University of Kentucky
Source: Office of Institutional Research, Planning, and Effectiveness
Student Scholarships as a Percentage of Education and General Expenditures, 2002-03
Student Scholarships as a Percentage of Education and General Expenditures, 2002-03
University of Michigan - Ann Arbor 9.7%University of Virginia 8.2%University of Maryland - College Park 6.4%University of Texas - Austin 6.3%University of Arizona 6.1%University of Georgia 5.9%Ohio State University 5.6%North Carolina State University 5.6%Purdue University 5.3%University of Minnesota - Twin Cities 5.0%University of Kentucky 4.6%University of California - Los Angeles 4.3%University of Florida 3.3%University of North Carolina - Chapel Hill 3.0%University of Washington 2.4%University of Wisconsin - Madison 2.3%University of Illinois - Urbana-Champaign 2.0%Texas A&M University 1.9%University of Iowa 1.6%Pennsylvania State University NA
Benchmark Institutions
Murray State University 11.7%Northern Kentucky University 8.9%Morehead State University 6.4%University of Louisville 5.7%Kentucky State University 5.4%Eastern Kentucky University 5.3%Western Kentucky University 5.1%University of Kentucky 4.6%
Kentucky Public Institutions
Source: Integrated Postsecondary Education Data
2005-06 Budget Decision ProcessMarch 2005
2005-06 Budget Decision ProcessMarch 2005
Source: Office of Planning, Budget and Policy Analysis
Funding Needs
Salaries (4% increase, faculty 'fighting fund' and staff equity pool) $14,500,600
Health Benefits (9.4% increase) 2,708,200
Scholarships 11,604,100
Operating Expenses 2,603,400
Academic and Public Safety Improvements 1,760,800
Reduced Service Assessments and Endowment Management Fee Income 1,482,500
Total Needs $34,659,600
2005-06 Budget Decision ProcessMarch 2005
2005-06 Budget Decision ProcessMarch 2005
Source: Office of Planning, Budget and Policy Analysis
Funding Sources
Investment Income $3,833,000Flexible Operating Funds* 13,248,100Tuition Revenue 14,339,400
Total Funding Sources $31,420,500
Internal Reallocations/Reserves
$3,239,100
* Does not include over $5.4 M in earmarked state funds.
Proposed Resident Tuition and FeesPer Semester
Proposed Resident Tuition and FeesPer Semester
Fall 2004 Fall 2005 Increase
Undergraduate
Lower Division $2,582.25 $2,906.00 $323.75
Upper Division $2,657.25 $2,990.00 $332.75
Graduate $2,826.25 $3,159.00 $332.75
Source: Office of Planning, Budget and Policy Analysis
UK Total Annual Resident CostTuition, Mandatory Fees, Housing, and Dining
UK Total Annual Resident CostTuition, Mandatory Fees, Housing, and Dining
2004-05 2005-06 Dollar
IncreasePercent
Increase
Undergraduate
Lower Division $ 9,899.50 $10,941.00 $1, 041.50 10.5%
Upper Division $10,049.50 $11,109.00 $1,059.50 10.5%
Graduate $10,387.50 $11,447.00 $1,059.50 10.2%
Source: Office of Planning, Budget and Policy Analysis
2005-06 Student Tuition & Fees
2005-06 Student Tuition & Fees