University
SUI / ISU / UNI
Tuition Category
Undergraduate
Residency Status
Resident / Nonresident
Other classification (define
as necessary upper division,
lower division, etc.)
Proposed increase (%):
(in addition to HEPI-based
increase)
Upper level (Junior/Senior) Business
$1,500 per year
27.9% Resident – 8.1% Nonresident
Discussed with leadership
of:
Faculty?
YES
Staff?
YES
Students?
YES
Discussed with other
university presidents?
Provide clear and concise
explanation along with
convincing justification for
proposed increase (use as
much space as necessary
and attach other documents
as appropriate, i.e.
comparative peer data)
NO
The Tippie College of Business Undergraduate Program was recently
recognized as the one of the top undergraduate business programs in the
country. However, the College has not reached its potential for providing the
highest quality business education. The Tippie College of Business (TCOB) is
recognized by students, recruiters and peers for offering a solid and rigorous
academic program and a selected set of highly-distinguished co-curriculum
programs. In particular, the John Pappajohn Entrepreneurial Center is
nationally ranked, while the Hawkinson Institute of Business Finance boasts a
100% placement rate for its graduates. Enrollments in the college have risen
by 60% since 1997. Demand for admission to the undergraduate program is
high; approximately 25% of the students who apply to the college cannot be
offered admission.
Given the TCOB’s facilities and students, the Tippie Undergraduate Program
has the potential to be ranked among the top twenty-five in the nation.
Although recruiters ranked us in the top 50 nationally, in terms of student
satisfaction, TCOB students ranked TCOB 73 out of 80 schools, producing an
overall ranking of 63. There are two key factors that underpin the low student
ranking: access to advising services and access to faculty members. A tuition
differential of $1,500 per year for junior and senior business majors is
proposed to enable the college to improve the undergraduate experience by
enhancing advising services, improving the student-faculty ratio, as well as
enriching co-curricular activities.
Currently, the College has three 60% time advisors, one 50% advisor, and one
10% advisor. This represents an advising load of ~900 students per advisor.
The tuition proceeds will support the addition of four academic advisors, each
of whom will both advise students and oversee an aspect of programming.
As a result of enrollment growth TCOB has seen an increase in the studentfaculty ratios - class sizes have grown while access to popular courses taught
by fulltime instructors has been restricted. With the exception of Management
Information Systems (MIS), students in one department are excluded from
taking courses in another department due to capacity constraints. Hence, a
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finance student who might benefit from an advanced Accounting course cannot
currently enroll in such a course. In fact, students in the Tippie College of
Business are currently prohibited from declaring a second major in the College
due to the inability to ensure access to courses and faculty. Advising surveys
indicate that many students want to earn a double major, and rate the business
program unfavorably because of the current restriction on double majors.
Tuition proceeds will support the addition of seven tenure/track faculty, in the
areas of Finance (4), Marketing (2), and Accounting (1), which will enable the
College to offer the type of programming and access to faculty that students
have come to expect from top-tier business schools.
A portion of the tuition proceeds will also support specialized programs that
enhance students’ academic experience and link them to career opportunities
including, the honors program for high achieving students, the global internship
program, and a Hawkinson-type institute in Marketing.
Tippie College of Business students are well-prepared academically for their
lives after graduation; however, their ability to leverage that education into a
fulfilling and successful career depends to a large extent on their participation
in co-curricular activities. Students who have held internships, pursued study
abroad opportunities, networked with business leaders, participated in student
organizations and developed their leadership capabilities are more competitive
candidates for employment opportunities or for advanced degree programs.
For example, Hawkinson Scholar students complete one or more internships
prior to graduating, interact on a one-on-one basis with business leaders, and
receive intensive career and academic counseling. The Hawkinson Institute
boasts a 100% placement rate for its students. The success of Hawkinson
Scholars has had a trickle down effect on other business students; employers
have found the Hawkinson Scholars to be some of their best recruits, and have
started to interview other Tippie students as well. Tuition proceeds will extend
the Hawkinson model to students interested in careers in Marketing.
The Tippie College of Business Senate, an elected representative student
group within the Tippie College of Business, has expressed its support for this
proposal.
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It is anticipated the new supplement will generate $2,400,000 in FY2009. The
proposed use of these funds includes:
Amount
Category
$245,000 P&S
Salaries
$105,000 P&S
Salaries
$1,040,000 Faculty
Salaries
$400,000 Faculty
Salaries
$250,000 Faculty
Salaries
$360,000 Student
Aid
Description
Academic Advisors – add 4 FTE – Reduce
Student Advising Load from ~900 to 350
0.5 FTE Staff in each of the following student
support areas: Marketing Institute ($35K),
Honors Program ($35K), International
Internship Program ($35K)
Finance
4 Tenure/Track Faculty –
Increase Course Sections by
14
Marketing
2 Tenure/Track Faculty –
Increase Course Sections by 6
Accounting
1 Tenure/Track Faculty –
Increase Course Sections by 3
Set Aside for Student Financial Aid @ 15%
$2,400,000 Total
As the table below indicates, even if the $1,500 tuition supplement was in
effect this year, upper division tuition at the UI Tippie College of Business
would remain the lowest among colleges of business at public Big Ten
universities.
Upper Division
Business College
Tuition (2007-08)
University
Penn State
Michigan
Michigan State
Purdue
Illinois
Minnesota
Ohio State
Wisconsin
Indiana
Iowa current
Iowa + 1,500
14,068
12,396
10,975
8,394
8,306
7,950
7,875
7,330
6,999
5,376
6,876
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Concisely describe how
proposed increase will
assist the university in
making progress on
strategic goals and
objectives
This plan is consistent with the The Iowa Promise: A Strategic Plan for The
University of Iowa 2005-2010. Specifically, the supplement will support the
following strategies:
GOAL: To create a University experience that enriches the lives of
undergraduates and helps them to become well-informed individuals,
lifelong learners, engaged citizens, and productive employees and
employers.
Strategy: Recruit and retain a student population that can succeed at a
comprehensive research university, and nurture their success, by:
•
Easing the transition for new students, guiding all students through their
majors, and providing excellent academic advising. [TCOB: improve
and expand access to academic advising]
Strategy: Promote excellent teaching, effective learning environments, and
learning opportunities that leverage the University’s strengths by:
•
•
Strengthening the honors program and other opportunities for highachieving students. [TCOB: create additional Hawkinson-type
experiences for students; enhance the Honors Program; increase the
number of students participating in national leadership conferences]
Developing more first-year seminars, honors courses, and other small
class venues where students can interact with tenured faculty; [TCOB:
enhance faculty vitality to ensure sufficient tenured and tenure-track
faculty are available to teach in high-demand majors]
Strategy: Ensure that all students graduate with strong core skills, a broad
liberal arts education, and concentrated study in one or more majors by:
•
•
Providing them with opportunities to develop leadership and teamwork
skills and an understanding of business and other organizations;
[TCOB: increase access to leadership programs, expand advising
capability]
Continuing efforts to internationalize the educational experience;
[TCOB: increase access to international internship experiences; ensure
that any student who wishes to participate has the opportunity and
resources to participate]
Strategy: Help undergraduates prepare for life within and beyond college by:
•
•
•
Communicating to them the value of community involvement and
participation in democratic governance; [TCOB: create leadership
center to encourage community engagement and the enhancement of
leadership skills]
Providing career advising that will enable them to pursue their
employment goals; [TCOB: enhance advising services]
Providing curricular and cocurricular opportunities that will enable them
to understand and succeed in a multicultural and global community
[TCOB: increase funding for international internship opportunities]
4
For nonresident
undergraduates, does the
tuition amount cover the full
cost of education as
calculated by the biennial
unit cost study?
YES
I:\VPFO\Yanecek\09TuitionFees-TCOB-Undergrad Upper REVISED.doc
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