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Understanding University Major Costs

Explore the allocation of expenses to academic majors, including departmental expenditures, faculty compensation, and student support. Calculate cost per credit and fixed costs for each major using chargeback models.

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Understanding University Major Costs

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  1. Cost of an Academic Major Most expenditures directly or indirectly support our majors. • Departmental Expenditures • Compensation • Administration • Faculty • Staff • Graduate Teaching Assistants • Faculty Professional Development • Supplies • Equipment • Support Expenditures • AIS • Library • Academic Computing • CITE • Laptops • Digital Infrastructure • Deans • Student Affairs • Other Expenditures • Senior Administration • Public Broadcasting • Buildings and Grounds • Athletics • Transfers • Debt Service Chargeback model to allocate costs to majors.

  2. Chargeback model to allocate costs to majors. • Departmental Expenditures • Compensation • Administration • Faculty • Staff • Graduate Teaching Assistants • Faculty Professional Development • Supplies • Equipment • Support Expenditures • AIS • Library • Academic Computing • CITE • Laptops • Digital Infrastructure • Deans • Student Affairs • Other Expenditures • Senior Administration • Public Broadcasting • Buildings and Grounds • Athletics • Transfers • Debt Service Cost per Credit = Total Departmental Expenditures ÷ Total Credits

  3. Departmental Expenditures • Compensation • Administration • Faculty • Staff • Graduate Teaching Assistants • Faculty Professional Development • Supplies • Equipment Economics: $4,237 Cost per Credit = Total Departmental Expenditures ÷ Total Credits

  4. Chargeback model to allocate costs to majors. • Departmental Expenditures • Compensation • Administration • Faculty • Staff • Graduate Teaching Assistants • Faculty Professional Development • Supplies • Equipment • Support Expenditures • AIS • Library • Academic Computing • CITE • Laptops • Digital Infrastructure • Deans • Student Affairs • Other Expenditures • Senior Administration • Public Broadcasting • Buildings and Grounds • Athletics • Transfers • Debt Service Cost per Credit = Total Departmental Expenditures ÷ Total Credits

  5. Chargeback model to allocate costs to majors. • Departmental Expenditures • Compensation • Administration • Faculty • Staff • Graduate Teaching Assistants • Faculty Professional Development • Supplies • Equipment • Support Expenditures • AIS • Library • Academic Computing • CITE • Laptops • Digital Infrastructure • Deans • Student Affairs • Other Expenditures • Senior Administration • Public Broadcasting • Buildings and Grounds • Athletics • Transfers • Debt Service First Approximation: Fixed Cost Per Fiscal Year Equated Student.

  6. Chargeback model to allocate costs to majors. • Departmental Expenditures • Compensation • Administration • Faculty • Staff • Graduate Teaching Assistants • Faculty Professional Development • Supplies • Equipment • Support Expenditures • AIS • Library • Academic Computing • CITE • Laptops • Digital Infrastructure • Deans • Student Affairs • Other Expenditures • Senior Administration • Public Broadcasting • Buildings and Grounds • Athletics • Transfers • Debt Service Model: Credit Cost per Major + Fixed Cost per Major

  7. Chargeback model to allocate costs to majors. • Departmental Expenditures • Compensation • Administration • Faculty • Staff • Graduate Teaching Assistants • Faculty Professional Development • Supplies • Equipment • Support Expenditures • AIS • Library • Academic Computing • CITE • Laptops • Digital Infrastructure • Deans • Student Affairs • Other Expenditures • Senior Administration • Public Broadcasting • Buildings and Grounds • Athletics • Transfers • Debt Service Model: Credit Cost per Major for now.

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