University of Louisville Tuition Recommendation to CPE April 30, 2008

2 UofL Proposal ( per semester) $ Change ResidentNonResidentResidentNonResidentResidentNonResident Undergraduate$3,470$8,867$3,782$9,177$312$310 Graduate$3,764$9,045$4,103$9,045$3390

3 Justification 1.

4 2.Mandate – “The University of Louisville shall become a preeminent nationally recognized metropolitan research university” – Postsecondary Education Improvement Act of 1997 Progress – Despite lack of state support  ACT Scores –  Graduation rates – 10.6%  Federal Research Awards – 407.6%  Community – New Economic Clusters  UPS  Health Care Justification State Average UofL

5 Justification Net State Appropriation Increase Since 1999

6 Justification 3. Process  Task Force for Tuition and Fee Setting  Peers  Competitive  Affordability  Market  Faculty Senate  Staff Senate  Student Government Leaders (SGA)  Vice Presidents and Deans  Provost’s Budget Advisory Committee  Public Forums  Two Campus Tuition Forums  Campus Budget Forum – April 15  CPE – April 25 and April 30  Board of Trustees – May 8  Council on Postsecondary Education – May 9

7 Justification Undergraduate Admissions Fall 2002 Fall 2003 Fall 2004 Fall 2005 Fall 2006 Fall 2007 Fall % Change Total Applications 1 5,6595,9326,0926,3636,9167,5567, % Total Admitted 2 3,8904,0624,1634,3154,7265,0705, % GRS Cohort 3 2,2122,1992,3072,2562,3832, % 1,2 Source: Office of Undergraduate Admissions 3 Graduation Rate Survey (GRS) = defines the student cohort used to calculate the 6-year graduation rates and includes all first-time, full-time, baccalaureate degree-seeking students 4 As of 4/28/08

8 Justification 4. Financial Aid Available to Students Since First Budget Cut For FY Institutional merit-based aid increased $2,166,100 or 6 %. Institutional need-based aid increased $1,008,500 or 55%.

9 UofL Budget Snapshot

10 UofL Budget Snapshot

11 UofL Budget Snapshot

12 Moving Forward Strategies 1.Private Partnerships 2.Underperforming Assets eg. Reynolds Metal/Shelby Campus 3.Reengineering 4.Clinical Operations  PPP  ULH 5.Fund Raising 6.Other  Commercialization  TIF