George Mason University 2018-2024 Six-Year Plan Presented to the - PowerPoint PPT Presentation

George Mason University 2018-2024 Six-Year Plan Presented to the State Council of Higher Education for Virginia Office of the Senior Vice President | August 15, 2017

G E George Mason University Six-Year Plan presented by: O Ángel Cabrera President R S. David Wu Provost and Executive Vice President G E J.J. Wagner Davis Senior Vice President Frank Strike Interim Vice President, Facilities David B. Moore Assistant Vice President & Chief Budget Officer A Renate Guilford Associate Provost, Academic Administration S O N GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 2

Our University 3 GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT

Mason Strategic Plan Innovative Diverse Entrepreneurial Accessible GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 4

G E O R G E A S O N GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 5

G E O GMU Transfer R G E A S O N GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 6

New Rankings! Times Higher Education New ranking by Business Most Innovative Young University Rankings First of the top 499 public Schools by U.S. News of 200 colleges and universities. Best Colleges 2017. universities worldwide. Top 50 most beautiful Best College Value Starbucks around the world! by Forbes. GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 7

Our Students GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 8

We continue to GROW G E 35,000 O R G 30,000 E 25,000 A S 20,000 O FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 N Fall Headcount Annualized FTE Source: Office of Institutional Research & Reporting, enrollment excludes Mason Korea GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 9

Who’s Going to School at MASON? G E UNDERGRADUATES O IN-STATE FULL-TIME R G 81% 68% E 68% A S O N Fall 2016 Enrolled Student Population by Headcount: ~ 35,000 GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 10

A DIVERSE undergraduate class G E UNDERREPRESENTED O FIRST OVER AGE 25 RACIAL / ETHNIC GENERATION AT ENTRY R G E 49% 15% 37% A S O N Fall 2016 Undergraduate Student Population by Headcount: ~ 24,000 GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 11

How George Mason University’s student G loan default rates compare E O 2011 2012 2013 R 15 G E 10 5 A S O 0 George Mason National three-year Public four-year three- Virginia three-year Virginia public four- Virginia doctoral N University three-year loan default rate year loan default rate loan default rate year three-year loan universities three-year loan default rate default rate* loan default rate* * Excludes Mason GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 12 Source: U.S. Department of Education

Student Debt & Repayment Below National Average G E O 44% % of Mason students incurred no debt prior to graduation R G For those students graduating with debt, Mason undergraduate E debt averaged $30, 0,132 132 Mason’s Default Rate is 2.1% 1% compared to a National Three- A Year Average Default Rate of 10.3% 3% for Public Universities S O N Source: Common Data Set 2016-17, H5 Federal Student Financial Aid, Three-year default rate (cohort 2013) GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 13

STUDENT SUCCESS - No Disparity in Graduation Rates G GRADUATION GAPS: E Nationally, 62% of white students, but only 53% of Latino students, and 40% of African American students who started college in 2009 at a public four-year institution, hold bachelor’s degrees from that institution six years later. O HISPANIC STUDENTS R G White student graduation rates surpass E No Disparity those of Hispanic students by 9%-pts at George Mason University at public institutions nationwide A AFRICAN AMERICAN STUDENTS S White student graduation rates surpass O those of African American students by No Disparity 21%-pts N at George Mason University at public institutions nationwide GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 14 Source: National Center for Education Statistics 2016 Digest and GMU IRR, Fall 2009 entering cohort

Six-Year Plan Financial Framework GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 15

The Financial Framework G REVENUES EXPENSES E O New Programs Philanthropy R G E Retention & Tuition Enrollment Academic & & Fees Cost Instructional Administrative State Increases Appropriations Enterprise A NET RESOURCES S O Capital Infrastructure Operating & Capital Reserves Physical Plant N GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 16

Stable Financial Ratings in 2017 G E O R January 2017 G AA- Aa3 Received Two E Ratings A+ A1 GMUF’s Prince A A2 William Lab LLC Refunding Bonds A A- A3 S BBB+ Baa1 O N GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 17

Examine the Base: Efficiency & Effectiveness Measures G Debt Deauthorization and NO NEW DEBT: 4 Year Total $230M E Partial List Fairfax Concert Hall $41.1M O Housing IX $41.1M Economics Building $30.7M R FY 2014 - 2017 Parking Deck IV $27.2M SW Campus Dining $14.6M G Asset Reutilization E Mason Inn Conversion Historical Loss $12M Mason Hall Phase I & II Cost Avoidance $13M Science & Technology Campus A Broadlands Properties S Base Budget Reductions & Reallocation 4 Year Total $33.3M O Increased Financial Flexibility N GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 18

Six-Year Plan Priorities & Strategy GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 19

Aligns with Goals of Virginia Plan G E • Mason requests • Mason requests support for Salary increase for O Compensation Undergraduate & Increases Graduate Financial R Assistance Advance the Provide Economic & Affordable G Cultural Access for All Prosperity of the E Commonwealth & its Regions Goals of the Virginia Plan for Higher Education Drive Change & A Optimize Student Improvement Success for Work through S and Life Innovation & • Mason requests Investment increase for O • Mason requests Enrollment Growth & funding for Degree Awards for N Multidisciplinary Virginia Undergraduate Institutes & Graduate Residents GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 20

Priority 1 #1 Provide Affordable Access for All Students G Mason Priority 1 E Virginia Plan Goal 1 O R G Strategy 1: Mason must make available additional E student aid resources at both the undergraduate and graduate level. A Biennium Request: $4M General Fund, $1M Nongeneral Fund S O N GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 21

Priority 1 #1 Student Enrollment Growth Fall 2008-2016 G 5,000 E 4,475 O 4,000 GEORGE MASON UNIVERSITY R enrolled ~48% of growth! Student Growth (Head Count) 2,816 3,000 2,431 G 2,000 E 1,236 1,000 725 285 257 244 158 138 0 -358 A -458 -640 -1,000 -904 -1,066 S -2,000 O N Virginia Public Institutions of Higher Education GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 22

Mason maintains selectivity, while enrolling 74% of in- Priority 1 #1 G state undergraduates from underrepresented groups. E 22,000 O 20,000 All Other Students R 18,000 5,294 26% G All Other Students 16,000 5,887 14,000 33% Underrepresented Groups E 15,105 74% 12,000 10,925 Underrepresented Groups 10,000 11,828 67% 8,057 8,000 A 6,191 6,000 5,024 5,218 S 3,742 4,000 3,230 2,891 O 2,000 106 85 0 N FY 2013 FY 2017 VA Localities Minority Race/Ethnicity Economically Disadvantaged 1st Generation Adult Students VA Localities GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 23

Priority 1 #1 G E O R G E A S O N GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 24

Priority 1 #1 Increase Student Financial Aid G E Virginia Student Financial Aid Program Funds Needed to Achieve 100% of the Model O % of Mason undergraduate, $80 $49.9 degree-seeking, in-state R $70 students receiving Pell Grants $47.5 G $60 $39.3 35% 30.3% 31.9% E $50 30% $40 $25.5 25% 18.7% 18.3% 20% $30 15% A $20 10% S $10 $6.0 5% $2.4 O 0% $0 W&M UVA VT ODU MASON VCU 2001 2006 2011 2016 N Total FY 2018 Need Total FY 2018 Funded Mason Pell Grant Recipients dollars in millions SCHEV 2016-18 Operating Budget Amendments GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 25

Priority 2 #4 Support Salary Compensation Increases #3 G Mason Priority 2 E Virginia Plan Goal 3, 4 O R G Strategy 8: Mason must recognize high-quality faculty and E staff by providing an annual merit based salary increase. Biennium Request: $12.7M General Fund, $12.7M Nongeneral Fund A S O N GEORGE MASON UNIVERSITY | OFFICE OF THE SENIOR VICE PRESIDENT 26

Priority 2 FACULTY & STAFF: Metrics #4 #3 G E O R G E A S O N