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   The Price of Tuition
    is outpacing the rate
    of inflation
   Faster than medical
    care
   Students are
    borrowing more
   Parents have less to
    support their college
    bound children
$20,000          Cost of Attendance: Tuition/Fees/Room&Board

$18,000


$16,000
                                                                              Tuition and fees (in-district/in-
$14,000                                                                       state)

$12,000
                                                                              Room and board

$10,000


 $8,000                                                                       Total Cost of attendance (on-
                                                                              campus)
 $6,000


 $4,000
                                                                            *Data N/A for year 2001-02
 $2,000                                                                     *Total cost = tuition and all
                                                                            fees + room and meal plan.
    $0
          2000-01 2002-03 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10
Cost of Attendance: Changes in Educational and non-
                         educational charges
$9,000

$8,000
                                                   Athletic Fee
$7,000

$6,000
                                                   Fees (non-educational)
$5,000

$4,000                                             Tuition&Fees (eductional)
$3,000

$2,000                                             Tuition and fees (in-district/in-
                                                   state)
$1,000
                                               *Total tuition and fees =
   $0                                          educational and non-
                                               educational fees + Tuition
It’s a Cost Explosion!!!
(with extra ‘splosion)

                       Increase in Cost Paid By Students
                             Year 200-01 to 2011-12
$5,000

$4,500

$4,000

$3,500

$3,000
                                                           Athletic Fee
$2,500
                                                           Fees (non-educational)
$2,000                                                     Tuition&Fees (eductional)
$1,500

$1,000

 $500

   $0
             2000-01                      2011-12
$5,000
         Tuition and
$4,500
         Educational Fees
$4,000   went up by 126% or
         $2,427 in 11 years
$3,500


$3,000


$2,500
                                                                    2000-01
                                                           $4,357   2011-12
$2,000


$1,500


$1,000                $1,930
 $500


   $0

                               Tuition&Fees (eductional)
$4,000


$3,500
          Non-educational fees
         increased by 140% or
$3,000     $1,964 in 11 years

$2,500


$2,000
                                           Fees (non-educational)
                                 $3,364
$1,500


$1,000

                $1,400
 $500


   $0
                 2000-01         2011-12
$1,200

         Athletic Fee has
$1,000
         grown 85% or $507
         in 11 years

 $800




 $600
                             $1,098    Athletic Fee

 $400

                $591
 $200




   $0
                2000-01      2011-12
% Share of Total Cost          % Share of Total Cost
     2000-2001                      2011-2012




              42%                           44%
                               56%
58%




      % non-educational fees         % non-educational fees
      make up total cost             make up total cost
      % Educational Charges          % Educational Charges
      make up of total cost          make up of total cost
11 year Average % Share
              2000-2011


            15%



                                % Athletic fee make up of
                                total cost
57%               28%
                                % non-educational fees
                                make up of total cost
                                % Educational Charges
                                make up of total cost
Low Income Students: # of Students Applying and
                                       Receiving low income aid
                900

                800

                700

                                                                                        Pell Grant Recipients
                600
# of Students




                500                                                                     Dependents - Aid applicants
                                                                                        below $30,000 (#)
                400
                                                                                        Linear (Pell Grant Recipients)
                300
                                                                                        Linear (Dependents - Aid
                200                                                                     applicants below $30,000 (#))
                100

                  0
                      2000-01 2002-03 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10
# of students with financial need
                1200



                1000



                 800
# of Students




                                                                         Full time undergraduates with
                 600                                                     finacial need (#)
                                                                         Full-time undergraduates
                                                                         awarded need-based grant aid
                 400


                                                                         *Some data for years 2002-
                 200                                                     2003,2007-2008 N/A


                   0
                       2000-01   2004-05   2005-06   2008-09   2009-10
Educational and Non-educational
                               Charges Historical Trend
                                Fiscal Years 2000-2011


                   $8,000
Amount of Charge




                   $7,000                                Athletic Fee
                   $6,000
                   $5,000
                   $4,000                                Fees (non-educational)
                   $3,000
                   $2,000                                Tuition&Fees (eductional)
                   $1,000
                       $0
                                                         Tuition and fees (in-district/in-
                                                         state)
Average Debt of Graduates
$16,000


$14,000


$12,000


$10,000
                                                                Average debt of
 $8,000                                                         graduates
                                                                Linear (Average
 $6,000                                                         debt of graduates)

 $4,000


 $2,000


    $0
          2000-01   2003-04       2007-08   2008-09   2009-10
% of Federal Loans Defaulted on
                 8.0

                 7.8

                 7.6

                 7.4
% Default Rate




                 7.2

                 7.0                                          Default rate
                 6.8
                                                              Linear (Default rate)

                 6.6

                 6.4

                 6.2

                 6.0
                       2007-08               2009-10
I’ve come
                             for the loan

   You can’t escape your
    student loan debt
   Gov’t can garnish your
    social security
    benefits
   Deny your access to
    Medicare
   Cannot discharge
    student loan debt in
    bankruptcy like you
    can credit card debt
12,000

10,000
                                                                               Full Time
 8,000                                                                         Enrollemnt Count
 6,000
                                                                               State Support Per
 4,000                                                                         Student
  2,000

         0
         2000   2001   2002   2003   2004   2005   2006   2007   2008   2009
State General Fund Appropriation
$18,000,000
              State support grew
$16,000,000   by $6,607,914 or
              64%
$14,000,000


$12,000,000


$10,000,000

                                       $16,791,907
                                                         State General Fund
 $8,000,000                                              Appropriation
 $6,000,000
                   $10,183,993
 $4,000,000


 $2,000,000


        $0
                      2000                2009
State Support Per Student
$12,000
             State support per
          student grew by $2,554
$10,000           or 34%


 $8,000



 $6,000
                                                          State Support…
                                                $10,128
 $4,000
                     $7,574

 $2,000



    $0
                      2000                        2009
$18,000,000


$16,000,000


$14,000,000                                                                         State General
                                                                                    Fund
$12,000,000                                                                         Appropriation

$10,000,000


 $8,000,000                                                                         Total Revenue
                                                                                    from gross
 $6,000,000                                                                         tuition and
                                                                                    fees
 $4,000,000


 $2,000,000


        $0
              2000   2001   2002   2003   2004   2005   2006   2007   2008   2009
Closing Comments
   Tuition and fees are
    reaching all new kinds
    of expensive
   Students need aid
    more than ever
   Almost half of the
    expense is non-
    educational related
   School is getting state
    support while other
    schools are seeing
    theirs erode
Data Sources
 Collegeinsight
 Department of Education
 Delta Cost Project
 The Integrated Postsecondary
  Education Data System (IPEDS)
Looking for More?
   Coherent Ramblings
    for Coherent Minds
    Blog:
    http://introspectivegr
    adstudent.blogspot.
    com/
   Twitter:
    @RobertMDavis1
   Facebook: Robert
    Davis

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Tuition and Fees at UVA Wise on the Rise!

  • 1.
  • 2. The Price of Tuition is outpacing the rate of inflation  Faster than medical care  Students are borrowing more  Parents have less to support their college bound children
  • 3. $20,000 Cost of Attendance: Tuition/Fees/Room&Board $18,000 $16,000 Tuition and fees (in-district/in- $14,000 state) $12,000 Room and board $10,000 $8,000 Total Cost of attendance (on- campus) $6,000 $4,000 *Data N/A for year 2001-02 $2,000 *Total cost = tuition and all fees + room and meal plan. $0 2000-01 2002-03 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10
  • 4. Cost of Attendance: Changes in Educational and non- educational charges $9,000 $8,000 Athletic Fee $7,000 $6,000 Fees (non-educational) $5,000 $4,000 Tuition&Fees (eductional) $3,000 $2,000 Tuition and fees (in-district/in- state) $1,000 *Total tuition and fees = $0 educational and non- educational fees + Tuition
  • 5. It’s a Cost Explosion!!! (with extra ‘splosion) Increase in Cost Paid By Students Year 200-01 to 2011-12 $5,000 $4,500 $4,000 $3,500 $3,000 Athletic Fee $2,500 Fees (non-educational) $2,000 Tuition&Fees (eductional) $1,500 $1,000 $500 $0 2000-01 2011-12
  • 6. $5,000 Tuition and $4,500 Educational Fees $4,000 went up by 126% or $2,427 in 11 years $3,500 $3,000 $2,500 2000-01 $4,357 2011-12 $2,000 $1,500 $1,000 $1,930 $500 $0 Tuition&Fees (eductional)
  • 7. $4,000 $3,500 Non-educational fees increased by 140% or $3,000 $1,964 in 11 years $2,500 $2,000 Fees (non-educational) $3,364 $1,500 $1,000 $1,400 $500 $0 2000-01 2011-12
  • 8. $1,200 Athletic Fee has $1,000 grown 85% or $507 in 11 years $800 $600 $1,098 Athletic Fee $400 $591 $200 $0 2000-01 2011-12
  • 9. % Share of Total Cost % Share of Total Cost 2000-2001 2011-2012 42% 44% 56% 58% % non-educational fees % non-educational fees make up total cost make up total cost % Educational Charges % Educational Charges make up of total cost make up of total cost
  • 10. 11 year Average % Share 2000-2011 15% % Athletic fee make up of total cost 57% 28% % non-educational fees make up of total cost % Educational Charges make up of total cost
  • 11. Low Income Students: # of Students Applying and Receiving low income aid 900 800 700 Pell Grant Recipients 600 # of Students 500 Dependents - Aid applicants below $30,000 (#) 400 Linear (Pell Grant Recipients) 300 Linear (Dependents - Aid 200 applicants below $30,000 (#)) 100 0 2000-01 2002-03 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10
  • 12. # of students with financial need 1200 1000 800 # of Students Full time undergraduates with 600 finacial need (#) Full-time undergraduates awarded need-based grant aid 400 *Some data for years 2002- 200 2003,2007-2008 N/A 0 2000-01 2004-05 2005-06 2008-09 2009-10
  • 13. Educational and Non-educational Charges Historical Trend Fiscal Years 2000-2011 $8,000 Amount of Charge $7,000 Athletic Fee $6,000 $5,000 $4,000 Fees (non-educational) $3,000 $2,000 Tuition&Fees (eductional) $1,000 $0 Tuition and fees (in-district/in- state)
  • 14. Average Debt of Graduates $16,000 $14,000 $12,000 $10,000 Average debt of $8,000 graduates Linear (Average $6,000 debt of graduates) $4,000 $2,000 $0 2000-01 2003-04 2007-08 2008-09 2009-10
  • 15. % of Federal Loans Defaulted on 8.0 7.8 7.6 7.4 % Default Rate 7.2 7.0 Default rate 6.8 Linear (Default rate) 6.6 6.4 6.2 6.0 2007-08 2009-10
  • 16. I’ve come for the loan  You can’t escape your student loan debt  Gov’t can garnish your social security benefits  Deny your access to Medicare  Cannot discharge student loan debt in bankruptcy like you can credit card debt
  • 17. 12,000 10,000 Full Time 8,000 Enrollemnt Count 6,000 State Support Per 4,000 Student 2,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
  • 18. State General Fund Appropriation $18,000,000 State support grew $16,000,000 by $6,607,914 or 64% $14,000,000 $12,000,000 $10,000,000 $16,791,907 State General Fund $8,000,000 Appropriation $6,000,000 $10,183,993 $4,000,000 $2,000,000 $0 2000 2009
  • 19. State Support Per Student $12,000 State support per student grew by $2,554 $10,000 or 34% $8,000 $6,000 State Support… $10,128 $4,000 $7,574 $2,000 $0 2000 2009
  • 20. $18,000,000 $16,000,000 $14,000,000 State General Fund $12,000,000 Appropriation $10,000,000 $8,000,000 Total Revenue from gross $6,000,000 tuition and fees $4,000,000 $2,000,000 $0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
  • 21. Closing Comments  Tuition and fees are reaching all new kinds of expensive  Students need aid more than ever  Almost half of the expense is non- educational related  School is getting state support while other schools are seeing theirs erode
  • 22. Data Sources  Collegeinsight  Department of Education  Delta Cost Project  The Integrated Postsecondary Education Data System (IPEDS)
  • 23. Looking for More?  Coherent Ramblings for Coherent Minds Blog: http://introspectivegr adstudent.blogspot. com/  Twitter: @RobertMDavis1  Facebook: Robert Davis