T U I T I O N A N D F E E S A N D F I N A N C I A L A I D U P D AT E S BY:

U N I V E R S I T Y O F F I C E F O R P L A N N I N G A N D B U D G E T I N G

D E C E M B E R 1 0 , 2 0 1 4

P R E S E N T E D BY:

C H A N C E L L O R S U S A N J . KO C H

J A N UA R Y 1 5 , 2 0 1 5

University of Illinois at Springfield

Dashboard Indicators

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Peer Groups

University of Illinois at Springfield Auburn University-Montgomery (AL) Clark University* (Worcester, MA) College of Charleston (SC) Georgia College and State University (Milledgeville, GA) Iona College* (New Rochelle, NY) Lake Superior State University (Sault Ste. Marie, MI) Marist College* (Poughkeepsie, NY) Northern Michigan University (Marquette, MI) Shippensburg University of Pennsylvania State University of New York at Brockport Trinity University (San Antonio, TX)* Union College (Schenectady, NY)* University of South Dakota University of Wisconsin-Green Bay

* Private Institution

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Tuition and Financial Aid

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Undergraduate In-State Tuition and Fees Per Academic Year AY 2009 – AY 2014

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Undergraduate tuition and fees at the University of Illinois at Springfield are higher than its peer median.

9,007 9,815 10,408 10,865 11,132 11,367

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

2009 2010 2011 2012 2013 2014

UIS

Peer 75th Percentile

Peer Median

Peer 25th Percentile

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Percent Undergraduate Students Receiving Federal, State, or Local Institutional or Other Sources of Need or Merit Grant Aid: AY 2008 – AY 2012

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Percent of students receiving aid at the University of Illinois at Springfield is below its peer median. 56%

60% 63% 63% 65%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

2008 2009 2010 2011 2012

UIS

Peer 75th Percentile

Peer Median

Peer 25th Percentile

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Percent Undergraduate Students Receiving Pell Grants AY 2008 – AY 2012

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University of Illinois at Springfield has a higher percent of Pell grant recipients than its peer median.

26%

32%

36% 36% 37%

0%

5%

10%

15%

20%

25%

30%

35%

40%

2008 2009 2010 2011 2012

UIS

Peer 75th Percentile

Peer Median

Peer 25th Percentile

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Percent Full-Time Undergraduates Awarded Any Need-Based Scholarship/Grant Aid Where Need Was Fully Met: AY 2009 – AY 2013

(excludes PLUS loans, unsubsidized, and private alternative loans)

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Note: Excludes Auburn University at Montgomery, Iona College, and Marist College due to lack of available data.

Compared to its peer median, a lower percentage of need-based aid recipients at the University of Illinois at Springfield have their need fully met.

7.4%

5.2% 4.7% 4.4%

5.3%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

2009 2010 2011 2012 2013

UIS

Peer Median

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Percent Need Met of Full-Time Undergraduates Awarded Any Need-Based Aid AY 2009 – AY 2013

(excludes any aid awarded in excess of need as well as any that were awarded to replace EFC: PLUS, unsubsidized and private alternative loans)

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Note: Excludes Auburn University at Montgomery, Georgia College and State University, Iona College, and Marist College due to lack of available data.

University of Illinois at Springfield students who receive need-based aid have a slightly lower percentage of financial need met as their peer median.

72.0% 71.0%

65.0% 66.0% 66.0%

0%

10%

20%

30%

40%

50%

60%

70%

80%

2009 2010 2011 2012 2013

UIS

Peer Median

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Average Per Undergraduate-Borrower Cumulative Principal Borrowed AY 2009 – AY 2013

(excludes any aid awarded in excess of need as well as any that were awarded to replace EFC: PLUS, unsubsidized and private alternative loans)

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Note: Excludes Auburn University at Montgomery, Iona College, Trinity University, and University of South Dakota due to lack of available data.

Compared to the peer median, the average debt of University of Illinois at Springfield students is lower.

$14,717

$17,335

$20,323 $21,057

$23,766

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$2,009 $2,010 $2,011 $2,012 $2,013

UIS

Peer Median

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Percent Full-Time Undergraduates Paying Less than $3,000 Per Semester Fall 2009 – Fall 2013

(Includes all forms of financial aid and tuition waivers. Excludes loans and employment)

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About one-half of undergraduates at the University of Illinois at Springfield pay less than $3,000 per semester for tuition.

30%

29%

28% 28%

29%

25%

26%

25%

28% 28%

22%

23%

24%

25%

26%

27%

28%

29%

30%

31%

2009 2010 2011 2012 2013

$0

$1 - $2,999

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Tuition and Financial Aid: Goals

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• Campus goal

• Campus goal

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Action Items

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Campus action item

Campus action item

time-frame (1-2 year)

time-frame (3-5 year)

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Questions?

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University of Illinois at Springfield

TUITION AND FEES AND FINANCIAL AID UPDATES

PRESENTED BY:

CHANCELLOR SUSAN J. KOCH

JANUARY 15, 2015

Analysis of Dashboard Indicators

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Areas Meeting or Exceeding Expectations

• UIS is attracting an economically diverse student body

• Average debt of UIS students is lower than students at its peer institutions

• UIS financial assistance has kept pace with increased educational costs

• UIS has increased scholarship awards

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Accomplishments

• UIS continues to increase the enrollment of students from under-represented groups many of whom are first generation and economically disadvantaged

• Strategic packaging of financial aid continues to enhance

affordability and accessibility

• UIS tuition remains highly competitive compared to private university peers

• UIS has implemented a new on-campus student employment program that provides additional employment opportunities

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Areas Needing Improvement

• Staffing in the Office of Financial Assistance

• Student financial literacy

• Need-based scholarships

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Strategy to improve Staffing in the Office of Financial Assistance

• Action: – Add two staff positions

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Strategy to improve Student Financial Literacy

• Action:

- Financial Literacy Workshops are being

provided from orientation through

graduation for students and parents

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Strategy to improve Need-based Scholarships

• Actions:

– Strategically award need-based financial aid

– Increasing scholarships remains a top priority of the Development Office

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Areas we are watching

• Tuition and fees compared to other public universities in Illinois and peer private institutions

• Student debt and fees compared to other public universities in Illinois

• Student employment

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