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Tuition Differential Fee Report Budget, Finance, and Business Operations Committee

Tuition Differential Fee Report Budget, Finance, and Business Operations Committee January 27, 2010. Background. Five universities charged tuition differential fees in 2008-09 Changes in 2009 All universities Raised cap Financial aid Accountability BOG implementation. 2008-09 Summary.

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Tuition Differential Fee Report Budget, Finance, and Business Operations Committee

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  1. Tuition Differential Fee Report Budget, Finance, and Business Operations Committee January 27, 2010

  2. Background • Five universities charged tuition differential fees in 2008-09 • Changes in 2009 • All universities • Raised cap • Financial aid • Accountability • BOG implementation

  3. 2008-09 Summary • Five universities authorized, charged fee • $10.3M revenue • Charge of $6.96 per hour at FIU, FSU, UF, and USF (excluding branches) and $2.32 per hour at UCF • Uses of funds: • Hire faculty and advisors • Maintain course offerings • Maintain or improve student services

  4. 2009 Implementation • Approved university proposals for 2009-10 • Monitoring revenue and expenditures • Revised Tuition and Fees regulation (7.001): • Outline of the approval process; and • Financial aid accountability provisions. • Adopted University Work Plans and Annual Reports regulation (2.002), including tuition differential-related performance measures.

  5. 2009-10 Plans and Estimates • Eleven universities authorized, charging fee • $37.9M estimated revenue • $10.4M to need-based financial aid • Charges range from $5.74 to $13.74 per hour • Uses of funds: • Hire new faculty and advisors, and improve support for existing faculty and staff • Increase course offerings • Maintain or improve student services • Support enhanced and individualized instruction

  6. Financial Aid Update • As of October 31, $7.8M undergraduate need-based financial aid awarded • Also, $145,621 in tuition differential fee waivers granted • Process and baseline data established to monitor compliance with spending and supplanting provisions

  7. Performance Baseline • BOG passed new University Work Plans and Annual Report regulation, which includes: • Tuition differential proposals in annual work plans; • Statutorily specified performance measures. • Baseline data from which to determine changes from 2009-10 forward • Summary of system-wide baseline performance data

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