Tuition And Fees - Texas Tech University System

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Tuition and FeesFiscal Year 2016Jim BrunjesVice Chancellor and Chief Financial OfficerMarch 5, 2015

Hazlewood ExemptionPage 2

Hazlewood Exemption – Fiscal Years 2011 to 2014Texas Tech 79615FY11Amount 1,641,266 16,237 235,812 1,992,489 3,885,804Count347135575958Percent Change from Previous YearFY12Amount 2,009,667 4,291 302,335 4,995,829 7,312,122Count3113868031,203FY13Amount 1,979,213 28,804 611,708 6,851,835 9,471,56088%Count3047499451,30530%FY14Amount 1,860,612 38,644 321,111 8,159,823 10,380,19010%Angelo State 38FY11Amount 228,100 382,638 610,738Percent Change from Previous YearCount8004161245FY12Amount 311,567 22,547 925,892 1,260,006106%Count8904212305FY13Amount 323,771 16,724 1,325,804 1,666,29932%Count10248236350FY14Amount 369,489 28,599 51,534 1,474,396 1,924,01815%Page 3

Hazlewood Exemption – Fiscal Years 2011 to 2014Texas Tech University Health Sciences Center andTexas Tech University Center Health Sciences Center at El Amount 564,400 4,495 13,410 582,305Percent Change from Previous YearCount5501745117FY12Amount 226,363 154,609 395,399 776,37133%Count820338123FY13Amount 427,019 17,822 325,743 770,584-1%Count811552139FY14Amount 425,948 4,543 29,893 440,454 900,83717%Page 4

Hazlewood Exemption – Statewide ProjectionsEstimated Value ofHazlewood Exemption(In Millions)Estimated Number of Hazlewood Recipientsand Waived Tuition and Fees, 2015 to 2019 400.0 379.1 9,40020,00020,700Dependentsand 31,00034,60038,300Total Total DollarsStudents (In Millions)44,100 208.648,900 245.653,700 286.258,400 330.663,200 379.1Source: Legislative Budget Board's Report on Hazlewood Exemptions, December 2014 330.6 300.0 286.2 250.0 245.6 200.0 208.6 150.0 100.0 50.0 0.020152016201720182019Page 5

Texas Tech UniversityPage 6

Tuition and Fee Proposal – 2.18% Net Increase 2.18% Overall on Tuition and Fees Tuition: Estimated 4,908.35 for 15 Semester Credit Hours An Increase of 104.55 a Semester Fees: No Fee IncreasesPage 7

Tuition and Fee Proposal – 2.18% A 2.18% increase will generate an additional 4,425,000 in tuition revenue. Increase will be invested in instruction, faculty, and staff asTTU continues on path towards AAU-like status. 2% merit pool to retain top faculty and staff.QEP : Communicating in a Global Society.Faculty equity adjustment pool. 3,400,000 525,000 500,000Page 8

Tuition Comparison – State PeersBased on 24 Semester Credit Hours – Source IPEDS 11,500 10,500 9,500The University of Texas at Dallas 8,500The University of Texas at AustinUniversity of North Texas 7,500Texas A&M University ‐ College StationThe University of Texas at Arlington 6,500University of Houston 5,500Texas Tech UniversityThe University of Texas at San Antonio 4,500The University of Texas at El Paso 3,500 4Page 9

Housing and Dining Plans No increase to residence hall rates or dining plansfor FY16.Page 10

Fixed Tuition Comparison 225.00 200.00 175.00Designated Tuition ‐ StandardFall 2014 Fixed Tuition 150.00Fall 2015 Fixed Tuition 125.00 100.00Fall 2009 Fall 2010 Fall 2011 Fall 2012 Fall 2013 Fall 2014Year 1Year 2Year 3Year 4Page 11

Angelo State UniversityPage 12

Tuition and Fee Proposal – 2.9% Net Increase 2.9% Overall on Tuition and Fees Estimated 3,932.00 per semester An Increase of 110.80 per semester Tuition An Increase of 79.80 a semester Fees Medical Services Fee Increase 5.50/semester Athletics Fee Increase Maximum Financial & Records Service Fee Increase 1/schPage 13

Estimated Revenue Generated Designated Tuition 800,000 640,000 for salary increases 160,000 set aside for financial aid programs Medical Service Fee - 64,000 Cover increased cost of providing medical care Athletics Fee 115,000 Salary increases Financial & Records Service Fee 140,000 Salary increasesPage 14

Tuition Comparison – State PeersBased on 24 Semester Credit Hours – Source 20092010201120122013Angelo State UniversityMidwestern State University Texas A &Tarleton State University TexasTexas A & M University‐Commerce TheM University‐KingsvilleWoman's University West TexasUniversity of Texas at TylerThe University of Texas of the Permian BasinA & M University2014Page 15

Fixed Tuition Comparison 140.00 130.00 120.00Designated Tuition Standard Fall 110.002014 Fixed tuitionFall 2015 Fixed tuition 100.00 90.00 80.00201020112012201320142015 *2016**2017**2018**2019**2020*** Proposed** EstimatedPage 16

HousingRoom Rates (9 Months)Current – 2014-2015Proposed – 2015-2016Vanderventer Apartments 4,630 4,730Massie Hall 4,552 4,652Texan Hall 6,048 6,148Centennial Village (2 person) 5,978 6,078Centennial Village (4 person) 5,810 5,910Plaza Verde I 5,972 6,072Concho Hall* 3,800 3,900Carr Hall Double 4,380 4,480Carr Hall Single 5,500 5,600Carr Hall Efficiencies 5,800 5,900*Only available to seniors and graduate studentsPage 17

Texas Tech UniversityHealth Sciences CenterPage 18

Schedule of Typical Tuition and FeesSchool of Allied Health SciencesGraduate School of Biomedical SciencesSchool of Medicine - Annual BillingSchool of NursingSchool of PharmacyFY dFY 164,303.701,824.2017,184.403,956.207,669.00% Increase2.50%2.53%3.00%2.73%2.54%Page 19

Typical Tuition and Fees 2015-2016Allied HealthSciencesGraduate(15 SCH)Texas Tech UniversityHealth Sciences Center4,303.70TTUHSC El PasoBiomedicalSciences(9 SCH)MedicineAnnualNursingUndergraduate(15 4.003,924.72UT Medical Branch – Galveston5,058.602,084.4117,050.00UT Southwestern – Dallas4,354.262,706.5218,593.00UT - San Antonio4,352.881,966.8818,584.754,102.95UT – Houston1,472.9516,494.953,775.45Texas A&M2,640.5116,431.364,401.39University of North Texas1,784.0019,021.50Note: 2014-2015 rates are being used for other health-related institutions.2015-2016 rates are not available at this time.Pharmacy(19 SCH)7,669.006,928.6410,502.85Page 20

Texas Tech UniversityHealth Sciences Center at El PasoPage 21

Schedule of Typical Tuition and FeesFY 15FY 16% IncreaseSchool of Medicine16,829.3017,329.302.97%School of Nursing3,819.003,924.002.75%Regional Graduate School of Biomedical Sciences1,779.201,824.202.53%Note:The GSBS will continue to operate as a regional campus of TTUHSC in FY 16; FY 16 tuition and fees will be accounted for by TTUHSC.Page 22

Typical Tuition and Fees 2015-2016MedicineAnnualTexas Tech University Health Sciences Center El PasoTexas Tech University Health Sciences CenterUT Medical Branch - GalvestonUT Southwestern - DallasUT - San AntonioUT - HoustonTexas A&MUniversity of North 16,494.9516,431.3619,021.50NursingBiomedical SciencesUndergraduate(9 SCH)(15 2,640.511,784.00Notes:2014-2015 rates are being used for other health-related institutions.2015-2016 rates are not available at this time.Burrell College of Osteopathic Medicine at NMSU (DO), projected tuition and fees of 50,000 per year.Average tuition and fees for public medical schools (MD) is 31,092 (AAMC website, 2014-2015 Tuition and Fees for 1st year medical students)Average tuition and fees for private medical schools (MD) is 49,333 (AAMC website, 2014-2015 Tuition and Fees for 1st year medical students)Page 23

Vice Chancellor and Chief Financial Officer March 5, 2015 Tuition and Fees Fiscal Year 2016. Hazlewood Exemption Page 2. Hazlewood Exemption – Fiscal Years 2011 to 2014 Count Amount Count Amount Count Amount Count Amount Veteran 305 1,641,266 347 2,009,667 311 1,979,213 304 1,860,612

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