College Cost

1. College Cost -by Bangsheng Sui

2. Outlines • Background • Objective • Data • Results • Conclusions • References

3. Background • College cost is now a very hot topic. For a long time, people don’t pay much attention on college cost. But now the situation has changed. • It seems to be out of control. Even in the recession, it keeps going high rapidly.

4. Objective • find out what causes the college cost increasing so rapidly and how college cost affects other aspects of college.

5. Data • 4 universities are selected. They are University of Houston, University of Florida, Rice University and Massachusetts Institute of Technology • The data for this research are collected from the internet. • One decade 2000-2009

6. Results

7. Results • the tuition and fees of each university goes up all the way within this decade. • trends of these four universities are almost the same. How can we get such consistent result since they are located in different places. • What is the only one thing they are in common with each other?

8. Resultstuition and fees vs.room and board

9. Tuition and fees vs. room and board • The correlation between tuition and fees and room and board for these four figures are 0.90, 0.96, 0.99 and 0.99. • The tuition and fees has increased by 117%, 128%, 76% and 48% while the room and board has increased by 55%, 49%, 65% and 68%. • On average, the tuition and fees has increased by 92% while the room and board has increased only 59%.

10. Tuition and fees vs. total students

11. Tuition and fees vs. total students • The correlations between tuition and fees and total students are 0.72, 0.93, 0.98 and 0.64. The total of students of each university has increased by 12%, 17%, 24% and 4%.

12. Tuition and fees vs. total degree awarded

13. Tuition and fees vs. total degree awarded • The correlations between tuition and fees and total degree awarded are 0.95, 0.98, 0.95 and 0.21. The total of degree awarded of each university has increased by 31%, 32%, 26% and 1%. • if tuition and fees increases by $4, the total degree awarded by college will increase by 1.

14. Total faculty and total staff

15. Total faculty and total staff • The correlations between tuition and fees and total faculty are 0.74, 0.83, 0.98 and 0.96 respectively. The total faculty of each university has increased by 33%, 46%, 38% and 33%. • The correlations between tuition and fees and total staff are 0.95, 0.96, 1 and 0.98. The total staff of each university has increased by 20%, 21%, 31%, and 39%. • The total of staff has increased by 28% and total of faculty has increased by 37.5% while the total of students has only increased by an average of 14%. • that if tuition and fees increases by $100, the total faculty will increase by 4 and the total staff will increase by 16 on average.

16. Total salary for faculty and total salary for staff

17. Total salary for faculty and total salary for staff • The correlations between tuition and fees and total salary for faculty are 0.93, 0.93, 0.99 and 0.97. The total salary for faculty of each university has increased by 81%, 90%, 74% and 73%. • The correlations between tuition and fees and total salary for staff are 0.94, 0.99, 1 and 0.98. The total salary for staff of each university has increased by 76%, 49%, 82% and 55%. • If the tuition and fees increased by $1, the total salary for staff will increase by $20,000 while the total salary will increase by $6,000.

18. Total revenue and total funding

19. Total revenue and total funding • The correlations between tuition and fees and total revenue are 0.98, 0.97, 0.97 and 0.93.The total revenue of each university has increased by 77%, 67%, 68% and 62%. • The total funding of each university has increased by 25%, 40%, 56% and 33%. • The total revenue of college has increased by 68.5% on average while the total funding has just increased by 38.5%. • the total revenue will increase by $70,000 if tuition and fees increased by $1.

20. Total financial aid

21. Total financial aid • The correlations between tuition and fees and financial aid are 0.72, 0.98, 0.95 and 0.98.The financial aid of each university has increased by 73%, 60%, 127% and 58%. • The financial aid has increased by 80% on average. This is approximate to the increment of tuition and fees. • means if tuition and fees increases by $1, the total financial aid will increase by $8,000.

22. Total assets

23. Total assets • The correlations between tuition and fees and total assets are 0.86, 0.94, 0.91 and 0.89.

24. Conclusions • Improve conditions • Hire more employees • Cause another considerable amount of money • Result in expanding budget • Funding can’t meet the increment of the budget

25. Conclusions • By calculating the correlation, we realize that many of the data items in this research have ideally positive linear relationships with the tuition and fees like • room and board • total salary for faculty • total salary for staff • total revenue • total financial aid • total assets

26. Website • http://www.uh.edu/ir/index.php?id=17 the institutional research office of University of Houston • http://www.uh.edu/finance/StateReport/AFR/AFR_HOU/ the annual financial reports of University of Houston • http://www.ir.ufl.edu/facts.htm the institutional research office of University of Florida • http://www.fa.ufl.edu/ga/ the annual financial reports of University of Florida • http://www.professor.rice.edu/professor/Selectivity-Tuition.asp?SnID=2043411922 the institutional research office of Rice University

27. http://www.professor.rice.edu/professor/Financial_Statement.asp?SnID=501627633 the annual financial reports of Rice University • http://web.mit.edu/ir/cds/2009/index.html the institutional research office of Massachusetts Institute of Technology • http://web.mit.edu/annualreports/ the annual reports to the president of Massachusetts Institute of Technology • http://nces.ed.gov/ipeds/datacenter/ the Data Center of IPEDS • http://www.aaup.org/aaup the website of AAUP-American Association of University Professors

28. Questions?

29. Thank you!