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					    Where Did My Money
           Go?
    Everything you wanted to know about tuition, fees, and
            Bright Futures, but were afraid to ask.

                 Student Government Association
                     Brandie Hollinger, Student Body President
               Maria Pecoraro, SGA Director of Governmental Affairs
                 Derek Harris, SGA Director of Student Advocacy

                      University Administration
                      Bill Merck, Chief Financial Officer UCF
                 Executive Vice President & Provost Terry Hickey



B
          Why Does This Matter?
     Knowledge
     Empowerment
     Transparency
     Sharing Information with Others




B
         What Exactly Is Tuition?
     Also known as your Matriculation Fee
     Currently at $77.39 per credit hour
     Increased 5% for Graduate Students only-
      Fall 2007
     Increase 5% Spring 2008 for
      undergraduate students
     It’s what you pay as a student to take
      classes

M
                 Student Fees
     Building & Capital Improvement Trust
      Fund – CITF : $2.32 and $2.44 per credit
      hour - total fee is $4.76 per credit hour
     Financial Aid Fee : $3.86
     Activity and Service Fee – ASF : $9.65 per
      credit hour
     Athletic Fee : $11.72 per credit hour
     Transportation Access Fee : $7.09 per
      credit hour
     Health Fee : $8.11 per credit hour
M
                     Estimated Tuition & Fees
                            2007-2008
    Total Paid Per Credit Hour: $122.58
                                             CITF - $6,200,000, 3%
                                                  of total f ees

                                                         Financial aid f ees -
                                                       $6,300,000, 3% of total
                                                               f ees
          E&G (Tuition, out-of -
             state f ees) -                              Activity & service f ee -
         $138,600,000, 67% of                             $23,600,000, 11% of
               total f ees                                      total f ees




                                                          Athletic f ee -
                                                          $14,100,000,
                                                         7% of total f ees
                                                   Transportation access
                                                  f ee - $8,500,000, 4% of
                                                          total f ees

                                          Health f ee - $9,700,000,
                                             5% of total f ees



B
    Where does it Come From?
              Sources of Funding

        Tuitio n &
      o ut-o f-state
           fees
           28%




         Lo ttery
                              General
          (state
                              Revenue
        funding)
                               (state
            5%
                              funding)
                                67%




B
              Where Does it All Go?
                     Expenditures

    Instructio n &
                                            Library
       Related
                                              4%
       Suppo rt
         71%



                                              University
                                               Suppo rt
                                                 13%




                                              Student
                                             Services -
                                              Student
                                            Develo pme
                                                nt,
                                            A dmissio ns
                                P lant
                                            & Financial
                             Operatio n &
                                                A id
                             M aintenanc
                                                5%
                                   e
                                  7%

B
                Who Else Pays?
       The state does!

                     Student vs State $ Input


                                  27%


                                                Student
                                                State


                    73%




B
    Capital Improvement Trust Fund &
               Building Fee
                        CITF & Building Fee
       Student Support Facilities Construction   Creative School for Children


    Student Union           Rec & Wellness Center




B
          Activity and Service Fee

                            ASF
    Rec & Wellness Center
                                  Funding for OSI And
            And
                                      Agencies
        Student Union
                                                Your Organization!




M
    Transportation Access Fee
                  Transportation Access Fee


        Debt Service on
        Parking Garages


      Shuttles including Game Day    Surface Lots




M
        What About Athletics, Health, &
               Financial Aid?
       Financial Aid Fee
         – Serves a source of funding to provide financial aid to
           students
       Health Fee:
         – Subsidizes portions/services of the Health &
           Counseling Centers
       Athletics Fee
         – NO Student Funds Pay Debt Service on the UCF
           Stadium/Arena
         – Supports specific services for students athletes and
           UCF Student Body (Learning & Life Specialists)

B
             Potential Technology Fee
       Starting next year, students may be charged a
        5% “technology fee”, pending approval by the
        Board of Governors
       The fee will be spent upon technology that
        directly benefits the student academic
        experience (i.e. increased wireless access,
        bandwidth, projectors in classrooms)
       Student Government Association is fighting for
        legislation that will increase student input in how
        this fee would be charged and used (i.e.
        referendum vote)
M
           So What’s The State of the
                     State?
       Neither bright nor sunny! The state has been losing billions
        of dollars.
       Tough budget years ahead
         – UCF lost 6% of its budget this year
         – UCF expects to lose $10.4 million next year
         – UCF has highest faculty-to-student ratio in the country
       Tough budget years = tough decisions and cuts
         – SUS-wide enrollment capped at 2007 levels
         – SUS-wide hiring freeze
       Currently, the state provides no funding for almost 6000
        students
       One way to offset budget cuts = tuition increases

M
        What’s this about “Tuition Increases?”
       Florida has lowest tuition rate in country
       Tuition typically increases between 3-5% per
        year.
         – A 5% increase increased tuition/fees from
           $113.56 to $122.58 this Spring
       Recently, an 8% universal increase was
        proposed by the Board of Governors
       To offset cuts, more increases in excess of 5%
        are expected soon
       New increases may not be covered by BF or
        Prepaid

M
             Tuition Increases, cont.
       “Differential tuition,” pending approval could be
        enacted in the next year (Fall 2009)
         – Tier 1 universities: maximum 40% increase, not
           covered by BF or Prepaid
         – Tier 2 universities: maximum 30% increase, not
           covered by BF or Prepaid
         – UCF expected to be in Tier 2 next year (Fall 2009)




B
    What is SGA Doing about This?
       Meet with Legislators year round
       Speak at Central Florida Delegation Hearings
       Increased funding for Student needs
        – Lower student/faculty ratio
       Encourage more student input before bills are
        filed
       Resolutions through the Student Body Senate
       NO MORE BUDGET CUTS TO OUR UNIVERSITY!


B
           What about Bright Futures?
       Bright Futures is funded by the Florida Lottery, not tuition or
        general appropriations




M
          What about Bright Futures?
       As tuition increases, so does the cost of Bright Futures
       Bright Futures will eventually run out of money
       Bright Futures reform expected soon
         – Higher standards?
         – Cap award?
         – Reduce award?
         – Cap appropriation?
         – Need-based components?
         – Major differentiation?
       Current proposal = SB 1320, major differentiation


M
          So what’s the bottom line?
       The state is running out of money, so…
        – Future tuition increases may be above 5%!
        – Differential tuition increases will not be
          covered by Bright Futures
        – Future tuition increases may not be covered
          by Bright Futures
        – Bright Futures will be reformed to become
          more sustainable


B
                   We Need YOU!
       Rally in Tally
        – Tuesday March 25, 2008
        – Tallahassee, Fl.
        – State-Wide Higher Education Issues
       UCF/SGA Day at the Capitol
        – Wednesday March 26, 2008
        – Tallahassee, Fl.
        – University Specific
                     !SIGN UP IN THE BACK!
M
                  Special Thanks
       University Finance and Administration
        – Bill Merck
        – Vanessa Fortier
     Provost Terry Hickey
     Maria Pecoraro, SGA Dir. Of Gov. Affairs
     Derek Harris, SGA Dir. Of Student
      Advocacy
     Stephen Mortallero, GAC Chairman

B
    Questions?




B

				
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