IPFW BANDED TUITION PROPOSAL

IPFW BANDED TUITION PROPOSAL

Indiana Commission for Higher Education Resolution – August 2014 I. The Commission identifies banded tuition as a critical component of Indiana’s on-time completion agenda. II. The Commission encourages Indiana’s public institutions that currently charge tuition by the credit hour to consider a banded tuition structure. III. The Commission urges institutions that do convert to banded tuition to select a tuition rate that does not unnecessarily raise tuition for students currently taking 12 credits.

Potential Benefits and Issues Increase in on-time graduation Greater efficiency in awarding financial aid Possible reduction in student debt Possible opportunities to expand student credentialing Potential to increase / enhance student engagement on campus Possibility of additional faculty and course offerings needed with increased student credit hours Possible exemptions/exceptions needed from banded rate (ex. students within a certain # of credit hours from graduation; programs requiring 12 credit hours for a semester, etc.)

Data Facts From Fall 2015 Census Enrollments Data includes: # Students by credit hour by level # Credit hours taken by level Both Resident and Non Resident students Continuing Studies credit courses Actual Costs represent actual tuition and mandatory fees charged DE Adjusted Costs represents actual tuition and mandatory fees adjusted for the elimination of the online fee

# of Students by # Credit Hours Taken (Based on FY2015 Enrollment) 2,500 Number of Students 2,000 1,500 1,000 500 0 12 12.5 13 13.5 14 14.5 15 15.5 16 16.5 17 17.5 18 18.5 19 19.5 20 20.5 21 21.5 22 22.5 23 23.5 24 Credit Hours Taken

11Credit Hours or Less 11 Credit Hours or Less 7000 6000 # Students 5000 4000 11 Credit Hours or Less 3000 2000 1000 0 Fall 2011 Fall 2012 Fall 2013 Fall 2014 Fall 2015 Fall 2016

12-14.5 Credit Hours 12 - 14.5 Credit Hours 7,000 6,000 # Students 5,000 4,000 12 - 14.5 Credit Hours 3,000 2,000 1,000 0 Fall 2011 Fall 2012 Fall 2013 Fall 2014 Fall 2015 Fall 2016

15 Credit Hours 15 Credit Hours 7,000 6,000 # Students 5,000 4,000 15 Credit Hours 3,000 2,000 1,000 0 Fall 2011 Fall 2012 Fall 2013 Fall 2014 Fall 2015 Fall 2016

Proposal Implement a 12-18 credit hour banded rate for undergraduate students only Begin banded rate Fall 2018 Figure banded rate on 15 credit hours No banded rate for graduate students No banded rate for summer courses No “banking” hours paid for during the Academic Year to be used in the Summer

Additional Changes Proposed Elimination of the online differential fee of 92.95/credit hour Increase technology fee (from FY2016) by .95/credit hour Student fee revenue decline of approx. 12% from 2011 to 2016 Software licensing increases averaging 3% annually (compounded) Microsoft and Adobe license agreement corrections

Banded Rate Facts Undergraduate resident students taking 12-18 credit hours 4,120.50/semester (includes tuition and mandatory fees) Undergraduate nonresident students taking 12-18 credit hours 9,877.50/semester (includes tuition and mandatory fees) Students taking more than 18 credit hours will pay the banded rate plus the per credit hour rate for each credit over 18

Additional Banded Rate Facts Rates do not include potential increases in per credit hour tuition/fees Banded rate does not include differential fees specific to courses (ex. lab fees, course differentials, etc.) Students taking less than 12 credit hours pay the per credit hour rate as they do now

Observations Using Fall 2015 credit hour numbers, with a 15-hour banded rate, approx. 3,800 students will be impacted Dependent on # credit hours taken with banded rate implementation Dependent on # of online courses taken

Additional Observations Using Fall 2015 credit hour numbers, with a 15-hour banded rate, over 1,100 Students may see a decrease in tuition/fees Dependent on # credit hours taken with banded rate implementation

Examples: Undergrad-Resident Student taking 12/15/18/21 credit hours Per Credit Hour: Banded Rate: 12 credits: 3,285 12 credits: 4,120.50 15 credits: 4,106.25 15 credits: 4,120.50 18 credits: 4,927.50 18 credits: 4,120.50 21 credits: 5,748.75 21 credits: 4120.50 824.10 4,944.60 Assuming no online courses were taken Includes the increased technology fee in the banded rate column

Examples: Undergrad-Resident Student taking 12/15/18/21 credit hours Per Credit Hour : Banded Rate 12 credits: 3,842.70 12 credits: 4,120.50 15 credits: 4,663.95 15 credits: 4,120.50 18 credits: 5,485.20 18 credits: 4,120.50 21credits: 6,306.45 21 credits: 4120.50 824.10 4,944.60 Assuming 6 of the credit hours are online (online differential fee is 92.95/credit hour) Includes the increased technology fee in the banded rate column

Banded Rate Comparison Fall 2016 Banded Rates IPFW (12-18) 4,120.50 Purdue ( 8) 5,001 Ball State (12-18) 4,827 Indiana State (12-18) 4,373 IUB (12-18) 5,193.78 IUPUI (12-18) 4,437.45 IU Regionals (12-18) 3,536.16- 3,561.16

Further Discussion Needed Exceptions/Exemptions to banded rates Application/Approval process for exceptions Changes to Banner system Changes to Financial Aid or Bursar processes Communication Plan for new rate structure Timeline of implementation and communication

Next Steps Present to Faculty for questions and feedback Present to Students for questions and feedback Email feedback to Diana Jackson [email protected] Compile FAQs addressing questions/feedback