The Evolution Of The Student’s Burden

(Historical Trend of Rising Higher Education Cost)

At UVA Wise

College Costs are Running away from affordability The Price of Tuition

is outpacing the rate of inflation

Faster than medical care

Students are borrowing more

Parents have less to support their college bound children

The 10 Years Cost War!!! (only 15% less War per serving)

2000-01 2002-03 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000 Cost of Attendance: Tuition/Fees/Room&Board

Tuition and fees (in-district/in-state)

Room and board

Total Cost of attendance (on-campus)

*Data N/A for year 2001-02 *Total cost = tuition and all fees + room and meal plan.

Tuition can’t do it all on its own, It got some help along the way

2000-01

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

Cost of Attendance: Changes in Educational and non-ed-ucational charges

Athletic Fee

Fees (non-educational)

Tuition&Fees (eductional)

Tuition and fees (in-district/in-state)

*Total tuition and fees = educa-tional and non-educational fees + Tuition

It’s a Cost Explosion!!!(with extra ‘splosion)

2000-01 2011-12$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$4,500

$5,000

Increase in Cost Paid By StudentsYear 200-01 to 2011-12

Athletic FeeFees (non-educational)Tuition&Fees (eductional)

If only my ROTH IRA Could Get Growth Like This…

Tuition&Fees (eductional)$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$4,500

$5,000

$1,930

$4,3572000-012011-12

Tuition and Educa-tional Fees went up by 126% or $2,427 in 11 years

The higher the number, the worse off you are(like Golf)

2000-01 2011-12$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$1,400

$3,364Fees (non-educational)

Non-educational fees increased by 140% or

$1,964 in 11 years

85% Growth that’s Great! Oh wait, I have to pay for it?(Not so great)

2000-01 2011-12$0

$200

$400

$600

$800

$1,000

$1,200

$591

$1,098Athletic Fee

Athletic Fee has grown 85% or $507 in 11 years

Mmmm Pie! Wait, Cost Pie taste awful!

42%58%

% Share of Total Cost2000-2001

% non-educational fees make up total cost

% Educational Charges make up of total cost

44%56%

% Share of Total Cost2011-2012

% non-educational fees make up total cost

% Educational Charges make up of total cost

Who gets the best slice?

15%

28%57%

11 year Average % Share2000-2011

% Athletic fee make up of total cost% non-educational fees make up of total cost% Educational Charges make up of total cost

Low Income Students&Families are Increasing in the need for aid

2000-01 2002-03 2004-05 2005-06 2006-07 2007-08 2008-09 2009-100

100

200

300

400

500

600

700

800

900

Low Income Students: # of Students Applying and Receiv-ing low income aid

Pell Grant RecipientsLinear (Pell Grant Recipients)Dependents - Aid applicants below $30,000 (#)Linear (Dependents - Aid applicants below $30,000 (#))#

of

Stu

de

nts

Students overall needing aid are increasing

2000-01 2004-05 2005-06 2008-09 2009-100

200

400

600

800

1000

1200

# of students with financial need

Full time undergraduates with finacial need (#)Full-time undergraduates awarded need-based grant aid

# o

f S

tud

en

ts

*Some data for years 2002-2003,2007-2008 N/A

Students and Families are being Squeezed in the pursuit of a better life

2000

-01

2002

-03

2003

-04

2004

-05

2005

-06

2006

-07

2007

-08

2008

-09

2009

-10

2010

-11

2011

-12

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

Educational and Non-educational Charges Historical Trend

Fiscal Years 2000-2011

Athletic FeeFees (non-educational)Tuition&Fees (eductional)Tuition and fees (in-district/in-state)

Am

ou

nt

of

Ch

arg

e

With no other options, Students and Families have to borrow

2000-01 2003-04 2007-08 2008-09 2009-10$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000Average Debt of Graduates

Average debt of graduatesLinear (Average debt of graduates)

With a stagnant economy, many Graduates are unable to maintain their loan payments

2007-08 2009-106.0

6.2

6.4

6.6

6.8

7.0

7.2

7.4

7.6

7.8

8.0

% of Federal Loans Defaulted on

Default rateLinear (Default rate)

% D

efa

ult

Ra

te

DON”T DEFAULT!!! You can’t escape your

student loan debt Gov’t can garnish your

social security benefits

Deny your access to Medicare

Cannot discharge student loan debt in bankruptcy like you can credit card debt

I’ve come for the loan

Why are Cost going Up? Doesn’t the state Subsidize?

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

0

2,000

4,000

6,000

8,000

10,000

12,000

Full Time En-rollemnt Count

State Support Per Student

UVA Wise is Getting Tremendous State Support!

2000 2009$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

$14,000,000

$16,000,000

$18,000,000

$10,183,993

$16,791,907

State General Fund Appropriation

State General Fund Appropriation

State support grew by $6,607,914 or 64%

The State is Subsidizing Students more than ever

2000 2009$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$7,574

$10,128

State Support Per Student

State Support ...

State support per student grew by $2,554

or 34%

UVA Wise is Bringing in Record State and Tuition/Fee Revenues

(it can afford to give students & families a break)

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

$14,000,000

$16,000,000

$18,000,000

State General Fund Appro-priation

Total Rev-enue from gross tuition and fees

Closing Comments Tuition and fees are

reaching all new kinds of expensive

Students need aid more than ever

Almost half of the expense is non-educational related

School is getting record state support while other schools are seeing theirs diminished

Lowering cost can be done without sacrificing the pillars of a college education

I’ll gladly consume what lil discretionary

income you have left after

college

Data Sources

Collegeinsight Department of Education Delta Cost Project The Integrated Postsecondary Educatio

n Data System (IPEDS)

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