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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.

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Tuition Differential Fee Report

Budget, Finance, and Business Operations Committee

January 27, 2010

background
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
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
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
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
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
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