1 2015-16 and 2016-17 Tuition & Fees Presented to: Board of Trustees November 20, 2014 2 Table of Contents 3 Overview of BOG Guidance Page 3 Tuition Recommendations – Details 4–9 Mandatory Student Fees 10 – 18 Room + Board Rates 19 – 24 Summary of Changes / Compliance w/ BOG Guidance 25 – 30 BOG Guidance Year 1 of 3rd 4-Year Plan Tuition and Fee Rates will be set by the Board of Governors on a Biennial Basis Rates (both tuition and fees) for academic years 2015-16 and 2016-17 will be set in the winter of 2015 Maximum Allowable Increases – 5.0% per year (undergraduate resident students) Tuition – reduced by 1.5% for every 1% increase in appropriations / FTE above the 5% rate. Fees – applies only to general fees (no debt service) Combined tuition & fee rates for resident undergraduates shall remain within the bottom quartile of each campus’ public peers, as approved by Board of Governors. In addition, combined rates for non-resident undergraduate students should be market- driven. 4 Overview: FY 2015-16 and FY 2016-17 • Tuition Increases • Student Fees • Room and Board Rates 5 Tuition Recommendations FY 2015-16 6 Current Rate Proposed Increase Undergraduate Students In-State Out-State $4,026.00 $18,053.75 $162.00 $0.00 4.02% 0.0% Graduate Students In-State Out-State $4,162.73 $16,098.18 $166.50 $322.00 4.0% 2.0% MSA Students In-State Out-State $4,972.28 $16,640.26 $166.50 $322.00 3.35% 1.94% MBA Students In-State Out-State $4,744.58 $16,640.26 $166.50 $322.00 3.51% 1.94% % Increase Non- Resident Student Enrollment – Red Flags/Early Warnings 7 Out of State applications for the Class of 2014 freshman were down 8%. The offer rate for out of state freshman has gone from 33% in 2011 to 46% in 2014. Freshman out of state yield rates have fallen below 20% for two consecutive years. The Freshman to Sophomore Retention (84.4)rate is the lowest since 2006. The 2013 Freshman Fall to Spring persistence rate was 90.4% compared the 3 year average of 95.2%. The out of state proportion of UNCW’s undergraduate student body is steadily decreasing (14.5%). 9 of the top 10 states for UNCW recruitment are below their 5 year average yield. 8 of the top 10 states for UNCW recruitment are down in applications from the previous year. Tuition Recommendations FY 2015-16 Recommended increase summary FY 2015-16: Funding / FTE: 8 Funding Faculty Positions $441,850 Expanded Course Offerings 43,340 Academic Programs 125,000 Graduate Programs 177,125 Grant Development Fund 120,000 Student Services 215,238 Excellence and Equity 691,898 Total $1,814,451 % 24.4% 2.4% 6.9% 9.8% 6.6% 11.9% 38.0% 100.0% FTE 4.0 3.0 7.0 Tuition Recommendations FY 2016-17 Proposed FY 15-16 Rate 9 Proposed Increase % Increase Undergraduate Students In-State Out-State $4,188.00 $18,053.75 $167.50 $270.80 4.00% 1.50% Graduate Students In-State Out-State $4,329.23 $16,420.18 $119.00 $247.00 2.75% 1.50% MSA Students In-State Out-State $5,138.78 $16,962.26 $119.00 $247.00 2.32% 1.46% MBA Students In-State Out-State $4,911.08 $16,962.26 $119.00 $247.00 2.42% 1.46% Tuition Recommendations FY 2016-17 Recommended increase summary FY 2016-17: Funding / FTE: Faculty Positions Graduate Programs Student Services Excellence and Equity 10 Total Funding $644,775 177,125 352,540 1,132,008 $2,306,448 % 28.0% 7.7% 15.3% 49.0% 100.0% FTE 6.0 4.0 10.0 Tuition Recommendations Current Rate FY 14-15 % Increase Proposed FY 15-16 % Increase Proposed FY 16-17 Undergraduate Students — — In-State $ 4,026.00 4.02% $ 4,188.00 4.00% $ 4,355.50 — Out-State $ 18,053.75 0.00% $ 18,053.75 1.50% $ 18,324.55 Graduate Students — — In-State $ 4,162.73 4.00% $ 4,329.23 2.75% $ 4,448.23 — Out-State $ 16,098.18 2.00% $ 16,420.18 1.50% $ 16,667.18 MSA Students — — In-State $ 4,972.28 3.35% $ 5,138.78 2.32% $ 5,257.78 — Out-State $ 16,640.26 1.94% $ 16,962.26 1.46% $ 17,209.26 MBA Students — 11 — In-State $ 4,744.58 3.51% $ 4,911.08 2.42% $ 5,030.08 — Out-State $ 16,640.26 1.94% $ 16,962.26 1.46% $ 17,209.26 Mandatory Student Fees FY 2015-16 and FY 2016-17 12 General Fees (subject to 5.0% cap) (FY 15-16 Cap = $95.39) (FY 16-17 Cap = $100.15) General Fees - … shall be fixed by the Board of Governors upon the recommendation of the Chancellor and the President. Current Fee FY 2014-15 Increase Athletics $654.55 Health Services $28.00 Proposed FY 15-16 $682.55 Increase $42.00 Proposed FY 16-17 $724.55 $190.50 $0 $190.50 $0 $190.50 Student Activities** $644.15 $13.00 $657.15 $8.00 $665.15 Educational & Technology $398.50 $51.96 $450.46 $42.50 $492.96 $1,907.70 $92.96 $2,000.66 $92.50 $2,093.16 Total 4.9% 4.6% ** Student Activities: Student Support, Media, SGA, Union, Campus Recreation, Postal, Athletic Facilities, Cultural Events, ID/Debit Card, Leadership, Commencement, Green Fee (NEW) 13 General Athletics Fee 2014-15 Fee $654.55 2015-16 Proposed $682.55 Increase $28.00 % Change 4.3% 2016-17 Proposed $724.55 Increase $42.00 % Change 6.2% Recommendations /Comments: Fee increase addresses the following areas: Fiscal sustainability Staffing needs (inequities and legislative increases, several coaching positions) Competitive Excellence / Scholarship: including reducing game guarantees Student Athlete Well-Being / Program Operations (NCAA Autonomy) 14 Education & Technology Fee 2014-15 Fee $398.50 2015-16 Proposed $450.46 Increase $51.96 % Change 13.0% 2016-17 Proposed $492.96 Increase $42.50 % Change 9.4% Recommendations /Comments: Fee increase would address the following: Education ($28.46) Funds to support student supplies in the labs Technology ($66.00) Replace access layer of network in academic areas Address student concerns regarding connectivity across campus Fund future network replacements as technology continues to advance 15 New Fee – The Green Initiative Fund (TGIF) 2014-15 Fee $0.00 2015-16 Proposed $10.00 Increase $10.00 % Change N/A Recommendations / Comments: Fee will fund the following: 0.75 FTE Sustainability Coordinator Student and Faculty mini-grants Green energy projects Sustainability benchmarks and education This fee was proposed by Business Affairs and Students It was accompanied with an SGA resolution of support and 29 declarations of support from student organizations at UNCW. 16 Campus Life – Student Union 2014-15 Fee $129.00 2015-16 Proposed $137.00 Increase $3.00 % Change 2.3% 2016-17 Proposed $145.00 Increase $8.00 % Change 5.8% Recommendations /Comments: 17 Fee increase would have addressed the following areas: Capital improvement funds for facilities enhancement and technology upgrades Lumina Theater, Sharky’s game room, and Clock Tower lounge Continued digital upgrades in all facilities (video conferencing, streaming, and quality projection) Upgrade lighting and furniture in Warwick, including technology charging ports No longer charging student organizations for technology support in Fisher Student Center and Fisher University Union Enhance programming for traditional UNCW events (Homecoming, Family and Alumni Weekend) Miscellaneous Fee (not subject to 5% cap) Transportation 2014-15 Fee $76.00 2015-16 Proposed $90.00 Increase $14.00 Recommendations / Comments: Recommend funding for the following: Transportation & Commuter Sustainability Coordinator Additional costs associated with WAVE Additional hourly cost Additional routes within one mile radius 18 % Change 18.4% FY 2015-16 – Combined Tuition & Mandatory Fees Undergraduate Resident (Academic Year): Regular Term Tuition Mandatory Fees General Fees Debt Service Special Miscellaneous Total =Tuition + Mandatory Fees FY 2014-15 $4,026.00 Proposed FY 2015-16 $4,188.00 1,907.70 381.00 0.00 77.00 $6,391.70 2,000.66 381.00 0.00 91.00 $6,660.66 92.96 0.00 0.00 14.00 $268.96 4.21% Undergraduate Non-Resident $20,419.45 $20,526.41 $106.96 0.52% Graduate Resident $6,528.44 $6,801.89 $273.46 4.19% Graduate Non-Resident $18,463.88 $18,892.84 $428.96 2.32% 19 Change $162.00 FY 2016-17 – Combined Tuition & Mandatory Fees 20 Undergraduate Resident (Academic Year): Regular Term Tuition Mandatory Fees General Fees Debt Service Special Miscellaneous Total =Tuition + Mandatory Fees Undergraduate Non-Resident Graduate Resident Graduate Non-Resident Proposed FY 2015-16 $4,188.00 Proposed FY 2016-17 $4,355.50 Change $167.50 2,000.66 381.00 0.00 91.00 $6,660.66 2,093.16 381.00 0.00 91.00 $6,920.66 92.50 0.00 0.00 0.00 $260.00 3.90% $20,526.41 $20,889.71 $363.30 1.77% $6,801.89 $7,013.39 $211.50 3.11% $18,892.84 $19,232.34 $339.50 1.80% Room + Board Rates 21 Proposed Room Rates Housing Types (Per Semester) 2014-15 2015-16 Increase $2,474 $2,523 $49.00 Suite Double rooms Honors, International, Double Suite, Cornerstone $2,797 $2,853 $56.00 Apartments and Single Suites $2,996 $3,056 $60.00 Seahawk Crossing 4-, 6-, 8-person suites $3,156 $3,219 $63.00 Year-Round Leases (Annual Rates) SeahawkVillage / Landing Two-Bedroom Three-Bedroom Four-Bedroom $8,117 $7,887 $7,556 $8,279 $8,046 $7,707 $81.00 $79.50 $75.50 Seahawk Crossing $7,575 $7,726 $75.50 Double rooms Belk, Galloway, Graham, Hewlett, Schwartz 22 FY 2015-16 rates increases over FY 2014-15: 2.0% - Housing Services Main; 2.0% - Seahawk Complexes) Room Rate Justification 23 Research of housing rates: Comparable to UNC-system institutions, UNCW national peer institutions and off-campus housing costs in Wilmington Increases in room rates will provide: Cost of living increases impacting most of the Housing budget: Utilities (3.5% - electricity; 3.0% sewer and water) Insurance – 4% Administrative Support (internal services, e.g. security) – 3.0% Capital outlays (~ $1.6M): Furniture replacement, safety items (bike racks, etc.), sustainability initiatives (recycling, water bottle refill stations), University Apartments flooring, IT (Camera Replacement), HVAC – Honors & International Wireless Network Upgrade – replacing access layer of network ($250K for the next 5 years) Meet debt service coverage requirement of 1.10x for future years Housing System engineering study – identify maintenance required of aging facilities Proposed Board Rates Mandatory Meal Plan Types (Per Semester) Students living in traditional housing are required to select from these meal plans. Default Meal Plan: All Access Plus 5 Meals Food Dollars Teal Meals 2014-15 2015-16 Increase % Increase $1,598 $1,650 $52 3.25% 14 per week Unlimited (~ 21 per week) 225 150 *0 5 Teal Meals per week *could exchange in Hawks Nest 6-10pm Benefits: Can never go hungry with unlimited meal swipes Greater or same quality; expanded capacity All plans – mandatory and voluntary have a Lower cost per meal than previous year Teal Meals offer use of meal swipes in any retail dining venue (including national brands) No restrictions on times of day: breakfast, lunch or dinner Additional Mandatory Meal Plans 24 2015-16 All Access (Unlimited) with 10 Teal Meals/week and $225 $1,760 All Access (Unlimited) with 14 Teal Meals/week and $250 $1,880 Proposed Board Rates Cost Increase Drivers No increase in pricing last year (for FY 2014-15); meanwhile, food costs have risen Average of 9% increase on top ingredients from January 2013 to January 2014, while in fact some proteins have been climbing as high as 38% from January to April 2014 Ensuring we meet today’s student dietary requests, vegan/vegetarian/gluten free, requires adaptive menus and higher cost items Continuing to retain talent and recruit a solid workforce, along with rising healthcare employer costs, places a minimum of 2.4% increase on labor metrics Port City Java & Dub City Brew cafés drove a 140% increase in building housekeeping costs Aging Infrastructure – walk-in freezer replacements, plumbing infrastructure, Madeline Suite Coupon incentives necessary to offset sales tax increase Efficiencies 25 Contractor sharing in utility expense; utility usage reductions, and future reductions to be accomplished with retro-commissioning Contractor financial contributions for new and expanded venues Combined FY 15-16 Room + Board Rates Effective Fall, 2015 Per Semester Double Rooms (All Access Plus 5) $4,173 Suite Double Rooms (All Access Plus 5) $4,503 Suite/Apartment Single Rooms (Block 125+$300) $4,356 Seahawk Crossing (Block 125+$300) $4,519 Per Year 26 Seahawk Village / Landing (Block 125+$300) Two bedroom Three bedroom Four bedroom $10,879 $10,646 $10,307 Seahawk Crossing (Block 125+$300) $10,326 *Meal plans are being completely restructured for FY 2015-16.The board rates used for FY 2015-16 reflect the most common plan likely to be purchased based on where the student lives on campus. Summary of Changes Compliance w/ BOG Guidance 27 Compliance w/ BOG Guidance “…requests for increases in campus-initiated tuition…” Combined tuition & fee rates for resident undergraduates shall remain within the bottom quarter of each campus’ public peers. In addition, combined rates for non-resident undergraduate students should be at or above the third quartile of each campus’ public peers… 28 UNCW Peer Institutions – U/G Residents (Approved by Board of Governors, October 2011) Institution University of North Carolina-Wilmington California State University Chico Truman State University Murray State University University of Northern Iowa Towson University SUNY at Binghamton University of Wisconsin-Eau Claire California Polytechnic University San Luis Obispo Western Washington University James Madison University University of Maryland-Baltimore County University of Maine College of Charleston The University of Texas at Dallas Rowan University The College of New Jersey College of William and Mary 29 Source: College Board FY 2014-15 Undergraduate Resident Students Tuition & Fees $6,315 $7,002 $7,374 $7,392 $7,749 $8,590 $8,619 $8,744 $8,919 $8,965 $9,662 $10,384 $10,606 $10,878 $11,806 $12,616 $15,024 $17,656 $1,434 UNCW Peer Institutions: Non-Residents (Approved by Board of Governors, October 2011) Institution Truman State University University of Wisconsin-Eau Claire University of Northern Iowa California State University Chico California Polytechnic University San Luis Obispo Murray State University SUNY at Binghamton Towson University Western Washington University University of North Carolina-Wilmington Rowan University University of Maryland-Baltimore County James Madison University The College of New Jersey College of Charleston University of Maine The University of Texas at Dallas College of William and Mary 30 Source: College Board FY 2014-15 Undergraduate Non-Resident Students Tuition & Fees $13,438 $16,317 $17,647 $19,632 $20,079 $20,112 $20,259 $20,268 $20,407 $20,419 $20,570 $22,682 $24,522 $25,637 $27,868 $28,486 $31,328 $39,360 FY 2015-16 Tuition & Fees = $20,526 FY 2016-17 Tuition & Fees = $20,890 BOG Guidance at or above 3rd Quartile is met Action Items for Consideration 31 UNCW Student Financial Commitment FY 2014-15 to FY 2015-16 Example: Undergraduate, North Carolina resident, lives in Galloway Hall, owns a car (park on campus) and needs medical insurance. Undergraduate Resident (Academic Year): Regular Term Tuition Mandatory Fees General Fees Debt Service Special Miscellaneous Postal mailbox charge Room Board (All Access plus 5) Parking Fee (Resident) Medical Insurance Total (w/ Med Ins) Total (w/o Med Ins) 32 Medical Insurance still needs to be updated FY 2014-15 $4,026.00 FY 2015-16 $4,188.00 Change $162.00 1,907.70 381.00 0.00 77.00 22.00 4,948.00 3,196.00 350.00 1,608.00 $16,515.70 $14,907.70 2,000.66 381.00 0.00 91.00 22.00 5,046.00 3,300.00 350.00 1,608.00 $16,986.66 $15,378.66 92.96 0.00 0.00 14.00 0.00 98.00 104.00 0.00 0.00 $470.96 $470.96 4.9% $30,543.45 $28,935.45 $30,852.41 $29,244.41 $308.96 $308.96 1.01% 1.07% Graduate Resident W/ Med Insurance, No Room + Board W/O Med Insurance, No Room + Board $8,508.43 $6,900.44 $8,781.89 $7,173.89 $273.46 $273.46 3.21% 3.96% Graduate Non-Resident W/ Med Insurance, No Room + Board W/O Med Insurance, No Room + Board $20,443.88 $18,835.88 $20,872.84 $19,264.84 $428.96 $428.96 2.10% 2.28% Undergraduate Non-Resident W/ Med Insurance W/O Med Insurance 4.02% 1.8% 2% 3.25% 2.85% 3.16% UNCW Student Financial Commitment FY 2015-16 to FY 2016-17 Example: Undergraduate, North Carolina resident, lives in Galloway Hall, owns a car (park on campus) and needs medical insurance. Undergraduate Resident (Academic Year): Regular Term Tuition Mandatory Fees General Fees Debt Service Special Miscellaneous Postal mailbox charge Room Board (All Access plus 5) Parking Fee (Resident) Medical Insurance Total (w/ Med Ins) Total (w/o Med Ins) 33 Medical Insurance still needs to be updated FY 2015-16 $4,188.00 FY 2016-17 $4,355.50 Change $167.50 2,000.66 381.00 0.00 91.00 22.00 5,046.00 3,300.00 350.00 1,608.00 $16,986.66 $15,378.66 2,093.16 381.00 0.00 91.00 22.00 5,146.00 3,366.00 350.00 1,608.00 $17,412.66 $15,804.66 92.50 0.00 0.00 0.00 0.00 100.00 66.00 0.00 0.00 $426.00 $426.00 4.7% $30,852.41 $29,244.41 $31,381.71 $29,773.71 $529.30 $529.30 1.72% 1.81% Graduate Resident W/ Med Insurance, No Room + Board W/O Med Insurance, No Room + Board $8,781.89 $7,173.90 $8,993.39 $7,385.40 $211.50 $211.50 2.41% 2.95% Graduate Non-Resident W/ Med Insurance, No Room + Board W/O Med Insurance, No Room + Board $20,872.84 $19,264.84 $21,212.34 $19,604.34 $339.50 $339.50 1.63% 1.76% Undergraduate Non-Resident W/ Med Insurance W/O Med Insurance 4.0% 2.0% 2.0% 2.51% 2.77%