• Two most important issues facing NJIT Enrollment Location
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Two most important issues facing NJIT Total Enrollment Fall, 1996-2005 •Enrollment 10,000 8,000 7,865 8,133 8,191 8,258 8,829 8,854 8,831 8,770 8,450 8,058 Graduate 6,000 4,000 Undergraduate 2,000 0 96F 97F 98F 99F •Location 00F 01F 02F 03F 04F 05F Enrollment: 1996 2005 ∆% 7,865 8,058 2.5% Beginning Enrollment ∆CCS-UG only ∆Mt. Laurel-UG only ∆Grad ∆other UG programs Ending Enrollment 2,345 2,400 College of Computing Sciences Enrollment 1996-2005 ∆ 1996 to ∆ 2001 to 2001 2005 7,865 8,854 799 -310 135 -135 321 -366 -266 15 8,854 8,058 Enrollment/Years 2,234 2,073 2,032 2,100 1,832 1,808 1,800 1,597 1,466 1,500 1,326 1,300 1,200 900 600 300 0 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 NJIT Tuition & Fees Compared to State Appropriation 13,000 12,000 11,000 10,000 9,000 8,000 7,000 6,000 5,000 4,000 FY 06 FY 04 FY 02 FY 00 FY 98 FY 96 Tuition, Fee & Base State Appropriation Per Full-Time Equivalent Student Net Present Value FY 94 FY 95 FY 96 FY 97 FY 98 FY 99 FY 00 FY 01 FY 02 FY 03 FY 04 FY 05 FY 06 $21,000 $20,000 $19,000 $18,000 $17,000 $16,000 $15,000 $14,000 $13,000 $12,000 Actual Tuition & Fee Income Per Full-Time Equivalent Student FY 94 Effect of Inflation on Tutition+Fee+Appropriation Revenue per FTE CPI for NE Urban Area State $ Per Full-Time Equivalent Students NJIT % of Educational Costs 65% 60% 55% 50% 45% 40% FY 94 FY 95 FY 96 FY 97 FY 98 FY 99 FY 00 FY 01 FY 02 FY 03 FY 04 FY 05 FY 06 35% 30% State Percentage Student Percentage State FY07 Budget Issue Budget Gap (millions) •Growth in earmarked expenditures •Revenue growth •Property tax rebate •FY06 balance •Total $4,900 -$725 $550 -$175 $4,550 NEW JERSEY INSTITUTE OF TECHNOLOGY FY07 BUDGET DEVELOPMENT POTENTIAL EXPENSE/ INVESTMENT BUDGET ISSUES MARCH 15, 2006 ($000'S) • Salary Program 4,225 • State Approp Reduction 4,465 • Utilities 1,335 • Debt Service 836 • FY06 Salary Annualization 625 • Fund CCS and SOM Deans 440 • Restore FY06 Mid Year Vacancy Reduction 375 • Graduate Stipend Rate Increase 219 • Insurance Premiums 165 Total Anticipated Expense Increases • Strategic Plan Investment Total Anticipated Expense/ Investment Increases 12,685 2,053 14,738 Current Efforts to Increase Enrollment to 8300 for fall 2006 •GoalQuest's eCruit •GoalQuest’s Fyre Program •Increased marketing and on-site visits at county colleges •Weekend University program expansion; BS Communication, MS Engineering Management •Increased Provost Fellowship Program (partial fellowships to Master’s students) •Overseas graduate recruiting (India) Longer Term Strategies to Increase the Enrollment to 9500 by fall 2009 •External assessment of recruitment/ enrollment management effort (start May 06) •Add additional undergraduate majors, e.g., media arts, teacher education, international affairs, social sciences, political science •Revise the General University Requirements (GUR) to be less rigid and more competitive in non-engineering majors •Implement marketing program using a reconstructed website, revised print and media products, and internet marketing with the new logo, descriptor and tag line Longer Term Strategies to Increase the Enrollment to 9500 by fall 2009 •Continue to improve the appearance of the campus •Partner with the City in the completion of the Downtown Core Redevelopment •Improve Greek life •Partner with the City in the redevelopment of the James Street Historic District Sample programs for consideration Georgia Tech Stevens BS Building Construction BS/MS City & Regional Planning BS Computational Media MS Information Security MS Health Systems MS International Logistics MS Operations Research MS Quantitative & Computational Finance BS/MS Economics BS/MS International Affairs BS/MS Public Policy MS Prosthetics & Orthotics BS Applied Psychology BA Art & Technology BA Music & Technology BA Philosophy RPI BS Economics BS Electronic Arts BS Electronic Media, Arts, & Comm. BS Geology BS Philosophy BS Psychology Intended College Major NJ HS Seniors Major Business Health Services Education Social Sciences Arts Engineering Undecided Communication Computer/Info Sci Biological Sciences Public Affairs 2004 Interest 7316 7011 5094 4646 3972 3387 3038 2475 2444 2373 1674 Increasing/ Decreasing 15.3% 14.7% 10.7% 9.7% 8.3% 7.1% 6.4% 5.2% 5.1% 5.0% 3.5% Ð Ï Ð Ð Ð Ð Ð Ð Ð Ð Ï
