TUITION, FEES, AND ROOM/BOARD RATES ACADEMIC YEAR 2020-21 - PowerPoint PPT Presentation

Nov 24, 2022 •466 likes •613 views

TUITION, FEES, AND ROOM/BOARD RATES ACADEMIC YEAR 2020-21 Presentation to Board of Trustees January 16, 2020 COMMITMENT ACROSS U OF I SYSTEM Providing access for Illinois students Keeping education affordable Ensuring quality and

TUITION, FEES, AND ROOM/BOARD RATES ACADEMIC YEAR 2020-21 Presentation to Board of Trustees January 16, 2020
COMMITMENT ACROSS U OF I SYSTEM • Providing access for Illinois students • Keeping education affordable • Ensuring quality and competitiveness
CURRENT TUITION COMPARED TO PEERS
URBANA BIG TEN PUBLIC AND BOT PEER COMPARISONS AY19-20 Resident Undergraduate Tuition and Mandatory Fees $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0
CHICAGO BOT PEERS COMPARISON AY19-20 Resident Undergraduate Tuition and Mandatory Fees $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 S. Florida New Mexico Utah Buffalo Alabama Cincinnati Kentucky UIC VCU Connecticut
SPRINGFIELD BOT PEERS COMPARISON AY19-20 Resident Undergraduate Tuition and Mandatory Fees $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0
GOAL: Protect access and affordability, while sustaining academic excellence and competitiveness Additional considerations : • Multi-year decreases in level of state appropriations • Inflation-driven increases in costs (~2.5% per yr) • Need to hire more TS faculty to support growing enrollments • Ensure salaries keep pace with those at peer institutions • Most in-state students receive substantial discount
IMPACT OF INCREASED FINANCIAL AID 2014-2015 2019-20 Total Base-rate Tuition & Fees $15,602 $16,776 Cost of Attendance (including housing, etc.) $30,150 $31,390 Expected Family Contribution - $5,000 - $4,074 Financial Need $25,150 $27,316 Cost for Illinoisan Undergrad: Pell Grant $780 $2,145 Family of 4, 1 in college, State of IL Map Grant $4,133 $5,340 income $60K Institutional Aid $4,392 $3,322 Illinois Commitment $0 $5,197 Total Gift Aid $9,305 $16,004 Work Study/Loan $11,000 $8,500 Total Financial Aid $20,305 $24,504 COST NOT COVERED $4,845 $2,812
ANNUAL OUT-OF-POCKET EXPENSES FOR UNDERGRADS: TUITION AND FEES 21% 37% pay $0 ______ Nearly 4 in 10 pay less than 16% $2,000/year pay $1-$1,999
PROPOSED TUITION 2020-21
PROPOSED GUARANTEED GENERAL TUITION FOR UNDERGRADUATE ILLINOIS RESIDENTS UIUC UIC UIS 2019-20 $12,036 $10,584 $9,405 Tuition 2020-21 $12,254 $10,776 $9,502 Proposed Tuition Proposed 1.8% 1.8% 1.0% Increase
PROPOSED STUDENT FEES/ASSESSMENTS Dollar Percent AY 2019-20 AY 2020-21 Change Change $3,086 $3,162 $76 2.46% $3,308 $3,340 $32 0.97% $2,426 $2,426 $0 0.0% Rates shown are per Academic Year Note: Includes refundable fees. UIC AY20-21 includes transportation fees at AY19-20 rate – rate will be set in March.
PROPOSED ROOM AND BOARD RATES FOR UNDERGRADUATE HOUSING Dollar Percent AY 2019-20 AY 2020-21 Change Change $10,774 $11,168 $394 3.65% $11,260 $11,553 $293 2.60% $10,810 $10,810 $0 0.00% Rates shown are per Academic Year UIS includes Gold meal plan.
QUESTIONS?

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