Cross-Cutting Themes - Academic Plan

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Cross-Cutting Themes - Academic Plan

• Enhance Value for Students and Faculty
• International Opportunities
• Experiential Learning
• Interdisciplinary Solutions
• Online Learning
• Innovation and Partnerships
• Self-Reliance

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Why Such Value-based Themes?

• Relevance in the 21st Century
• Revenue - self-reliance limited state suppport
• Quality attract/retain good students faculty
• Institutional Pride
• Societal contributions local to global
• Scholarly excellence

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TABLE 1 Public Institutions Out of State Tuition 24,000 With 10 OS Firstyear Out-of-state Tuition (2009-2010) Out-of-State Fees (2009-2010) Out-of-State Tuition and Fees (2009-2010) On-Campus Room and Board (2009-2010) Out of State-1st year degree seek (2007-2008) US NEWS Tier Ranking
College of William and Mary 26,180 4,784 30,964 8,382 34 1
Colorado School of Mines 24,750 1,654 26,404 8,120 29 1
Georgia Institute of Technology 24,280 1,436 25,716 8,204 39 1
Indiana University 25,269 891 26,160 7,546 41 1
Miami University - Oxford 24,480 2,190 26,670 9,458 36 1
Michigan State University 26,873 470 27,343 7,444 17 1
Penn State University 25,134 812 25,946 8,820 32 1
U. California - Berkeley 29,557 1,465 31,022 15,308 11 1
U. California - Los Angeles 29,557 1,378 30,935 13,310 10 1
U. Colorado - Boulder 26,700 1,486 28,186 10,378 40 1
U. Connecticut 23,232 2,254 25,486 10,120 30 1
U. Georgia 24,280 1,460 25,740 8,046 16 1
U. Illinois 23,626 3,044 26,670 9,284 12 1
U. Michigan 34,748 189 34,937 8,924 38 1
U. New Hampshire 24,050 2,663 26,713 8,874 46 1
U. Rhode Island 24,736 1,290 26,026 10,334 52 3
U. Vermont 29,568 1,842 31,410 8,996 74 1
U. Virginia 29,054 2,818 31,872 8,220 31 1
U. Washington-Seattle 23,800 567 24,367 8,949 19 1
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Value Investments for URI

• New Faculty Positions 8 tt 4 Lecturers - 1.1
  million
• -- leverage lecturers with per course to create
  8 positions
• -- strategically allocate
• -- student to faculty ratio from 141 to 15.51
  over 2 years
• -- low in comparison with peers, achieved with
  part-timers
• -- need more full-time faculty in 1st year and
  gen eds and to enhance scholarly work
• -- ratios vary widely by department and college
• -- of 795 faculty FTE 110 FTE are part-time
• -- investment in quality, value, learning, and
  scholarship

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Student to Faculty Ratio Comparisons

• URI from 141 to 15.51 --- target 16.51
• UCONN - 171 PSU
  171
• UMASS - 181 UILL -
  171
• UNH - 181 UFL -
  221
• UVM - 161 UTA -
  181
• URI achieves lower ratio with disproportionate
  reliance on part-time faculty teaching intro
  courses

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Value Investments for URI

• Global Learning/International Opportunities
  250,000
• -- leadership to oversee all global activities
• -- ESL partnership
• -- institutional partnerships, intl students,
  travel courses
• III. Coordinator of Summer Programs 150,000
• -- attractive campus/location - summer session
  under-utilized
• -- online and on-campus attract URI and other
  students
• -- traditional courses and creative new
  programming
• -- generate revenue would pay for itself

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Value Investments for URI

• Liaison for Academic Internships 100,000
• -- expand experiential learning staff support
  between colleges, UC, and Career Center
• -- build connections and partnerships on- and
  off-campus
• -- quality credit-bearing internships
• -- student employment and institutional
  reputation
• V. Graduate Research Tuition Differential Fellow
  150,000
• -- current program is at 1.3 m needs to grow to
  2 m
• -- GTA program at 12.5 m
• -- supports students, enhances faculty research
  and grant competitiveness, creates vibrant
  graduate programs

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Financial Aid

• Driver of revenue of our increasingly tuition
  dependant budget
• Driver of our enrollment, retention, diversity,
  and student quality goals as well as our
  financial goals
• Means by which we address the access,
  affordability, and quality aspects of our mission
• Despite growth in our aid budget, we are
  increasingly not competitive in yielding quality
  OS students
• Our OS discount rate of 18 is below NE doctoral
  peers (33) and privates (42 45)
• Our price, value, aid equation is out of
  balance

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State Appropriation, Tuition and Fees, Student
Aid
Note FY00-FY06, GO Debt Service is budgeted
in the Department of Administration (prior years
data normalized). Effective FY07, state
appropriation does not include GO Debt Service
Pass-through Asset Protection and other RICAP
projects budgeted separately.
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Undergraduate Tuition Comparison

• Undergraduate Tuition Mandatory Fees (2009/2010
  rates)
• In-State Out-State Room/Board
• University of Vermont 13,556
  31,412 8996
• University of New Hampshire 12,461
  26,750 9112
• University of Connecticut 9886
  25,846 10,120
• University of Maine 9626 23,876 8348
• University of Massachusetts 11,732
  23,229 8276
• University of Rhode Island 9528
  26,026 10,550
• In-State Rank 6th lowest Out-State Rank 3rd
  Highest Room Board Highest

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A few other comparisons on Financial Aid
2009/2010 US News

• Avg. Students
  Receiving Avg. Need
• Need Met Need Based
  Grants Based Grant
• University of Vermont 76 50
  12,478
• University of New Hampshire 81 39
  3025
• University of Connecticut 67 34
  6649
• University of Maine 78 50 6427
• Montana State 72 34 4295
• University of Massachusetts 87 41
  8520
• University of Rhode Island 57 55
  7236
• Need Met Lowest - Students receiving
  need-based grants Highest - Avg Need Grant
  3rd Highest

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Financial Aid, Scholarships Tuition Remission
FY 2010, Total 60M
Categories of aid Amount/ of Total Students of entire student body
General (Need based grants, transfer, retention, etc) 18.6 (31) 7886 48
Centennial Merit Program 12.5 (21) 1980 12
Graduate Assistants, Tuition Differential Fellowships 7.5 (12.5) 485 3
Hardge Grant, Crusade, DiMaio, Diversity 7.5 (12.5) 1124 7
Athletics 7.2 (12) 309 2
Tuition Remissions (waivers, unemployed, Natl Guard, etc) 5.2 (9) 763 5
Misc (Music, Loan Match, NEBHE, etc) 1.3 (2) 650 4
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Financial Aid/Discounting Needs

• 10 million dollar increase in Aid Budget for FY
  12
• -- increase discount to 32
• -- 6.4 million for recruitment/yield of OS
  freshman
• -- 3 million for retention of current students
• -- 600K for IS recruitment/yield
• -- projected difference of 1460 vs.1160 OS
  students
• --allows enhanced selectivity and quality yield
  1100-1200 SATrange vs. lt900 range

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Student Financial Aid, Scholarships Tuition
Waivers Fiscal Years 2007 - 2012

• FY 07 39.1M
• FY 08 47.7M
• FY 09 51.9M
• FY 10 (mid-year) 60M
• FY 11 (allocation) 70.4M
• FY 12 request 80.4M

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Financial Aid Dilemma

• Not sustainable relying too much on new
• Strategic allocation of aid net revenue model
• Potential Other Sources of Aid
• Private giving targeted unrestricted aid
  endowment (will take time)
• Careful scrutiny of cost/value equation in GF
  budget
• Reallocation within across fund lines is this
  only a GF responsibility?

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Discount Rate Comparison

• Peer Comparison (2007 Data)
• University of New Hampshire 31
• University of Maine 28
• University of Connecticut 27
• University of Massachusetts 22
• Montana State 13
• University of Rhode Island 17
• University of Vermont 17
• (Based on 2007 data, Minter Assoc, 2008)
•  

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A few other comparisons on Financial Aid
2009/2010 US News Part 2

• Avg Financial Avg
  Need-Based Avg Non-Need
• Aid Package Loan (excludes
  Plus/Private) Grant/Scholarship
• University of Vermont 19,519
  6061 2232
• University of New Hampshire 17,910
  3848 7552
• University of Connecticut 11,048
  4305 6080
• University of Maine 11,369
  5061 11,399
• Montana State 9834 4640 1813
• University of Massachusetts 13,282
  4374 3193
• University of Rhode Island 12,654
  6557 5468
• Avg Financial Aid Package Rank 4th Avg
  Need-Based Loan Rank 1st Avg Non-Need 4th