OPEN – FIN – 1-22 January 31 – February 1, 2013 OPEN – FIN – 1-22 January 31 – February...
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Transcript of OPEN – FIN – 1-22 January 31 – February 1, 2013 OPEN – FIN – 1-22 January 31 – February...
OPEN – FIN – 1-1
January 31 – February 1, 2013
OPEN – FIN – 1-1
January 31 – February 1, 2013
FY 2014 Tuition And Other Related Enrollment Fees
UM
1
University of Missouri SystemBoard of CuratorsJanuary 31, 2013
FINANCE COMMITTEE
OPEN – FIN – 1-2
January 31 – February 1, 2013
Tuition, Fees, and Housing Rates
Activity Facility & Health Service FeesUndergrad 1.7% - 1.8%Grad/Prof 1.7% - 2.3%
Approval: January - February 2013
Graduate & Professional
Fees
Professional & Specialty Grad
0% - 5.7%
GraduateMU, UMKC 1.7% S&T 4.4% UMSL 1.9% - 5.9%
Approval: January - February 2013
Housing and Dining Rates
Proposed Increases1.3% to 3%
Approval: January - February 2013
Other Undergraduate
FeesSupplemental Course Fees
0% to 35.2% ($4.30)
Out of State Tuition
MU, UMKC 1.7% S&T 4.4% UMSL 6.8%
Approval: January - February 2013
In-state Undergrad tuition
1.7%
IT Fee1.5% - 1.6%
Fees Covered by Senate Bill 389
OPEN – FIN – 1-3
January 31 – February 1, 2013
Tuition Recommendations SB389 Compliant
Tuition and Required Fees, Missouri Resident Undergraduate Students *
FY2013 FY2014 Change % Change
MU $9,185 $9,343 $158 1.7%UMKC $8,926 $9,076 $150 1.7%S&T $9,290 $9,450 $160 1.7%UMSL $9,266 $9,426 $160 1.7% Average $9,167 $9,324 $157 1.7%
* Excludes fees passed by student referendum per SB389
OPEN – FIN – 1-4
January 31 – February 1, 2013
Sticker Price versus Actual Cost
Tuition and Required Fees Compared to Average Grant Aid for Missouri
FY2012 Average
Grant Aid
FY2012 Average Grant Aid Neediest Students
FY2014 Tuition & Required
Fees*
FY2014 Projected
Net Tuition
Average Student
FY2014 Projected
Net Tuition
Average Neediest Students
MU $4,028 $7,684 $9,343 $5,315 $1,659UMKC $4,546 $6,206 $9,076 $4,530 $2,870S&T $5,013 $7,526 $9,450 $4,437 $1,924UMSL $4,255 $5,351 $9,426 $5,171 $4,075 Average $4,287 $6,797 $9,324 $5,037 $2,527
* Excludes fees passed by student referendum per SB389
Undergraduate Students
OPEN – FIN – 1-5
January 31 – February 1, 2013
UM: An Affordable Option
FY2012 FY2013
Private Doctoral - Nat'l Average $35,195 $35,660Public Doctoral - Nat'l Average $9,185 $9,539MU $8,989 $9,257UMKC $9,029 $9,299Missouri S&T $9,084 $9,350UMSL $9,038 $9,314UM Average $9,035 $9,305
Average Doctoral In-State Undergraduate Tuition and Fees Compared to UM Campuses
Tuition & Required Fees
OPEN – FIN – 1-6
January 31 – February 1, 2013
UMSL Proposes to Restructure Base Tuition
UMSL Base Tuition per Credit Hour by Student Level
FY2013 Combined
FY2014 Proposed
Percent Change
Undergrad Resident $265.50 $310.50 $315.80 1.7%
Undergrad Non Resident $717.90 $762.80 $814.30 6.8%
Undergrad Metro $265.50 $310.50 $315.80 1.7%
Graduate Resident $348.50 $401.40 $409.10 1.9%
Graduate Non Resident $899.80 $952.70 $1,008.50 5.9%
Graduate Metro $348.50 $401.40 $409.10 1.9%
FY2013 without
Required Fees
OPEN – FIN – 1-7
January 31 – February 1, 2013
Undergraduate & Graduate Tuition
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* Reflects UMSL Combined Rate
Resident and Metro Undergrad
Nonresident Undergrad
MU 1.7% 1.7%UMKC 1.7% 1.7%S&T 1.7% 4.4%UMSL * 1.7% 6.8%
Undergraduate Tuition
Resident and Metro Graduate
Nonresident Graduate
MU 1.7% 1.7%UMKC 1.7% 1.7%S&T 4.4% 4.4%UMSL * 1.9% 5.9%
Graduate Tuition
* Reflects UMSL Combined Rate
OPEN – FIN – 1-8
January 31 – February 1, 2013
Professional/Specialty Graduate Tuition
Professional Schools Tuition Rate Increases
Resident Nonresident
MU Law, JD 4.9% 3.5%MU Law, LLM 4.6% 3.3%MU Medicine, MD 3.5% 3.5%MU Veterinary Medicine, DVM 5.7% 1.7%UMKC Dentistry, DDS 3.0% 3.0%UMKC Dentistry, Graduate 2.0% 2.0%UMKC Law, JD 2.0% 2.0%UMKC Law, LLM 2.0% 2.0%UMKC Medicine, YR 1-2 0.0% 0.0%UMKC Medicine, YR 3-6 1.5% 1.5%UMKC Anesthesia, MS 1.5% 1.5%UMKC Pharmacy, Dpharm 2.0% 2.0%UMKC Pharmacy, Graduate 2.0% 2.0%UMSL Optometry 4.7% 2.7%
OPEN – FIN – 1-9
January 31 – February 1, 2013
Supplemental Fees – MU
Supplemental Fees Increase at inflation
Exceptions
New Fee
School of Accountancy Program Fee:
$200
Program fee of $1,000/year phased in over 3 years
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FY2013 FY2014 Change %
Engineering $74.00 $78.40 $4.40 5.9%Lab Fee * $12.20 $16.50 $4.30 35.2%
* Proposed increase phased in over three years
OPEN – FIN – 1-10
January 31 – February 1, 2013
Supplemental Fees – UMKC
Supplemental Fees Increase at inflation
Exceptions
New Fees
Public Admin Grad:$15$45/credit hour phased in over 3
years
Studio Voice Fee:$250
Assessed per semester10
FY2013 FY2014 Change %
Engineering $64.90 $68.80 $3.90 6.0%Bloch School
Graduate $79.90 $84.00 $4.10 5.1%Undergrad * $25.00 $31.70 $6.70 26.8%
* Proposed increase of $20 phased in over three years
OPEN – FIN – 1-11
January 31 – February 1, 2013
Supplemental Fees – Missouri S&T & UMSL
Missouri S&T
Supplemental Fees are Recommended to increase
by 6%
UMSL
Supplemental Fees are Recommended to increase
by 2%
New FeesEducation Fee:
$5.00Art History Fee:
$3.30 11
OPEN – FIN – 1-12
January 31 – February 1, 2013
eLearning & Special Program Fees
Graduate eLearning & Special Program Delivery
Minimum: Equal to the resident graduate rate
Maximum: MU: $1,500 UMKC: $871.10
S&T: $3,000UMSL: $2,000
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eLearning SupplementalUMSL Campus
UMSL Online : $59.20CE Distance Learning: $57.40
eLearning Program RatesMU: Vet Biomed Tech Certificate
$385.80
UMSL: Nursing Undergrad$ 59.20
$436.40
OPEN – FIN – 1-13
January 31 – February 1, 2013
Continuing Ed & Grad Exam Only
Continuing Education
Minimum: Equal to the resident
undergraduate rate
Maximum:MU & UMKC: Equal to the graduate nonresident rate
Missouri S&T & UMSL: equal to the graduate eLearning rate
Examination Only- Graduate Enrollment
This fee is equal to the graduate resident rate
Students who have completed degree requirements excluding the final exam or thesis defense and do
not wish to take coursework are assessed this fee to remain actively
enrolled.
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OPEN – FIN – 1-14
January 31 – February 1, 2013
Recommended Action: FY2014 Tuition & Fees
That the schedule of rates for tuition and supplemental fees be approved, effective beginning with the 2013 Summer Session.1. Tuition, supplemental fees, and eLearning, special program
delivery and continuing education fees as shown in the attached schedules and described in the Board materials be approved and become effective beginning with the 2013 summer session.
2. Effective beginning with the 2013 summer session, the Board of Curators revokes and repeals all previous tuition and fee schedules and adopts the attached tuition and other related enrollment fee schedules. The Board finds such action to be necessary for the maintenance and operation of the University.
OPEN – FIN – 1-15
January 31 – February 1, 2013
Questions?