FY14 Designated Tuition Offset

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Presentation transcript:

FY14 Designated Tuition Offset 11/27/2012 FY14 Designated Tuition Offset Strategic Resource Planning Council Presentation November 27, 2012

11/27/2012 Background The BOR feel strongly that resident undergraduate students should not bear the burden of tuition rate increases for this year and next year. BOR allocated $16M in Available University Funds (AUF) to UT System for the benefit of its 8 UT academic institutions (excluded UT Austin) to eliminate or greatly reduce tuition and fee increases for FY13 and FY14 2

Background UTSA will be reimbursed the following cost per year for 2 years for approximately $2M in order to offset tuition rate reduction for UG resident students. IT - $662K Insurance related - $276K Copyright license - $69K Tuition reduction will be effective Fall 2013 (FY14). No additional revenue but change in revenue source. 3

Rates and Total Academic Cost 11/27/2012 Rates and Total Academic Cost Designated tuition rates will be reduced for Undergraduate Resident students. Undergraduate Resident FY13 Board Approved FY14 Proposed FY14 Designated Tuition Rate $147.60 $152.65 $149.41 $ increase $5.05 $1.81 % increase 3.4% 1.2% Total Academic Cost 1 $4,477.50 $4,553.25 $4,504.65 $75.75 $27.15 1.7% .6% 1 Based on 15 SCH course load and net of Athletic Fee increases 4

A Look Forward FY15 tuition rates could be rolled back to FY12 rates. 11/27/2012 A Look Forward FY15 tuition rates could be rolled back to FY12 rates. FY13 and FY14 designated tuition increases were allocated for one-time expenditures. State Funding may be reduced for the next biennium 5