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Tuition Differential Fee Report Budget, Finance, and Business Operations Committee January 27, 2010. Background. Five universities charged tuition differential fees in 2008-09 Changes in 2009 All universities Raised cap Financial aid Accountability BOG implementation. 2008-09 Summary.

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Tuition Differential Fee Report Budget, Finance, and Business Operations Committee

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Tuition Differential Fee Report

Budget, Finance, and Business Operations Committee

January 27, 2010


Background

  • Five universities charged tuition differential fees in 2008-09

  • Changes in 2009

    • All universities

    • Raised cap

    • Financial aid

    • Accountability

  • BOG implementation


2008-09 Summary

  • Five universities authorized, charged fee

  • $10.3M revenue

    • Charge of $6.96 per hour at FIU, FSU, UF, and USF (excluding branches) and $2.32 per hour at UCF

  • Uses of funds:

    • Hire faculty and advisors

    • Maintain course offerings

    • Maintain or improve student services


2009 Implementation

  • Approved university proposals for 2009-10

  • Monitoring revenue and expenditures

  • Revised Tuition and Fees regulation (7.001):

    • Outline of the approval process; and

    • Financial aid accountability provisions.

  • Adopted University Work Plans and Annual Reports regulation (2.002), including tuition differential-related performance measures.


2009-10 Plans and Estimates

  • Eleven universities authorized, charging fee

  • $37.9M estimated revenue

    • $10.4M to need-based financial aid

    • Charges range from $5.74 to $13.74 per hour

  • Uses of funds:

    • Hire new faculty and advisors, and improve support for existing faculty and staff

    • Increase course offerings

    • Maintain or improve student services

    • Support enhanced and individualized instruction


Financial Aid Update

  • As of October 31, $7.8M undergraduate need-based financial aid awarded

    • Also, $145,621 in tuition differential fee waivers granted

  • Process and baseline data established to monitor compliance with spending and supplanting provisions


Performance Baseline

  • BOG passed new University Work Plans and Annual Report regulation, which includes:

    • Tuition differential proposals in annual work plans;

    • Statutorily specified performance measures.

  • Baseline data from which to determine changes from 2009-10 forward

  • Summary of system-wide baseline performance data


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