Presented to: Board of Trustees November 20, 2014 2015-16 and 2016-17 Tuition & Fees 2
3 Table of Contents Overview of BOG GuidancePage 3 Tuition Recommendations – Details4 – 9 Mandatory Student Fees10 – 18 Room + Board Rates19 – 24 Summary of Changes / Compliance w/ BOG Guidance25 – 30
Year 1 of 3 rd 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 BOG Guidance
Overview: FY 2015-16 and FY 2016-17 Tuition Increases Student Fees Room and Board Rates 5
Proposed Current Rate Increase% Increase Undergraduate Students In-State$4,026.00$162.004.02% Out-State$18,053.75$0.000.0% Graduate Students In-State$4,162.73$166.504.0% Out-State$16,098.18$322.002.0% MSA Students In-State$4,972.28$166.503.35% Out-State$16,640.26$322.001.94% MBA Students In-State$4,744.58$166.503.51% Out-State$16,640.26$322.001.94% 6 Tuition Recommendations FY 2015-16
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.
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. 13 Current Fee FY 2014-15Increase Proposed FY 15-16 Increase Proposed FY 16-17 Athletics$654.55$28.00$682.55$42.00$724.55 Health Services$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 Total$1,907.70$92.96$2,000.66$92.50$2,093.16 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)
General Athletics Fee 2014-15 Fee2015-16 ProposedIncrease% Change $654.55$682.55$28.004.3% 2016-17 ProposedIncrease% Change $724.55$42.006.2% 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 Fee2015-16 ProposedIncrease% Change $398.50$450.46$51.9613.0% 2016-17 ProposedIncrease% Change $492.96$42.509.4% 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) 16 2014-15 Fee2015-16 ProposedIncrease% Change $0.00$10.00$10.00N/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.
2014-15 Fee2015-16 ProposedIncrease% Change $129.00$137.00$3.002.3% 2016-17 ProposedIncrease% Change $145.00$8.005.8% Recommendations /Comments: 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) 17 Campus Life – Student Union
Miscellaneous Fee (not subject to 5% cap) Transportation 18 2014-15 Fee2015-16 ProposedIncrease% Change $76.00$90.00$14.0018.4% 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
Room Rate Justification 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 23
Proposed Board Rates Mandatory Meal Plan Types (Per Semester) Students living in traditional housing are required to select from these meal plans. 2014-152015-16Increase% Increase Default Meal Plan: All Access Plus 5 $1,598 $1,650$523.25% 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 Plans2015-16 All Access (Unlimited) with 10 Teal Meals/week and $225$1,760 All Access (Unlimited) with 14 Teal Meals/week and $250$1,880 24 NEW
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 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 25
Combined FY 15-16 Room + Board Rates 26 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 Seahawk Village / Landing (Block 125+$300) Two bedroom$10,879 Three bedroom$10,646 Four bedroom$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
Institution FY 2014-15 Undergraduate Resident Students Tuition & Fees University of North Carolina-Wilmington$6,315 California State University Chico$7,002 Truman State University$7,374 Murray State University$7,392 University of Northern Iowa$7,749 Towson University$8,590 SUNY at Binghamton$8,619 University of Wisconsin-Eau Claire$8,744 California Polytechnic University San Luis Obispo$8,919 Western Washington University$8,965 James Madison University$9,662 University of Maryland-Baltimore County$10,384 University of Maine$10,606 College of Charleston$10,878 The University of Texas at Dallas$11,806 Rowan University$12,616 The College of New Jersey$15,024 College of William and Mary$17,656 29 UNCW Peer Institutions – U/G Residents ( Approved by Board of Governors, October 2011) Source: College Board $1,434
Institution FY 2014-15 Undergraduate Non-Resident Students Tuition & Fees Truman State University$13,438 University of Wisconsin-Eau Claire$16,317 University of Northern Iowa$17,647 California State University Chico$19,632 California Polytechnic University San Luis Obispo$20,079 Murray State University$20,112 SUNY at Binghamton$20,259 Towson University$20,268 Western Washington University$20,407 University of North Carolina-Wilmington$20,419 Rowan University$20,570 University of Maryland-Baltimore County$22,682 James Madison University$24,522 The College of New Jersey$25,637 College of Charleston$27,868 University of Maine$28,486 The University of Texas at Dallas$31,328 College of William and Mary$39,360 30 UNCW Peer Institutions: Non-Residents ( Approved by Board of Governors, October 2011) Source: College Board FY 2015-16 Tuition & Fees = $20,526 FY 2016-17 Tuition & Fees = $20,890 BOG Guidance at or above 3 rd Quartile is met
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):FY 2014-15FY 2015-16Change Regular Term Tuition$4,026.00$4,188.00$162.004.02% Mandatory Fees General Fees1,907.702,000.6692.964.9% Debt Service381.00381.000.00 Special0.000.000.00 Miscellaneous77.0091.0014.001.8% Postal mailbox charge22.0022.000.00 Room 4,948.005,046.0098.002% Board (All Access plus 5)3,196.003,300.00104.003.25% Parking Fee (Resident)350.00350.000.00 Medical Insurance1,608.001,608.000.00 Total (w/ Med Ins)$16,515.70$16,986.66$470.962.85% Total (w/o Med Ins)$14,907.70$15,378.66$470.963.16% Undergraduate Non-Resident W/ Med Insurance$30,543.45$30,852.41$308.961.01% W/O Med Insurance$28,935.45$29,244.41 $308.961.07% Graduate Resident W/ Med Insurance, No Room + Board$8,508.43$8,781.89$273.463.21% W/O Med Insurance, No Room + Board$6,900.44$7,173.89$273.463.96% Graduate Non-Resident W/ Med Insurance, No Room + Board$20,443.88$20,872.84$428.962.10% W/O Med Insurance, No Room + Board$18,835.88$19,264.84$428.962.28% 32 Medical Insurance still needs to be updated
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):FY 2015-16FY 2016-17Change Regular Term Tuition$4,188.00$4,355.50$167.504.0% Mandatory Fees General Fees2,000.662,093.1692.504.7% Debt Service381.00381.000.00 Special0.000.000.00 Miscellaneous91.0091.000.00 Postal mailbox charge22.0022.000.00 Room 5,046.005,146.00100.002.0% Board (All Access plus 5)3,300.003,366.0066.002.0% Parking Fee (Resident)350.00350.000.00 Medical Insurance1,608.001,608.000.00 Total (w/ Med Ins)$16,986.66$17,412.66$426.002.51% Total (w/o Med Ins)$15,378.66$15,804.66$426.002.77% Undergraduate Non-Resident W/ Med Insurance$30,852.41$31,381.71$529.301.72% W/O Med Insurance$29,244.41$29,773.71$529.301.81% Graduate Resident W/ Med Insurance, No Room + Board$8,781.89$8,993.39$211.502.41% W/O Med Insurance, No Room + Board$7,173.90$7,385.40$211.502.95% Graduate Non-Resident W/ Med Insurance, No Room + Board$20,872.84$21,212.34$339.501.63% W/O Med Insurance, No Room + Board$19,264.84$19,604.34$339.501.76% 33 Medical Insurance still needs to be updated