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Tuition model
1. Take 15,
Graduate in 4
Fall 2013 Tuition Model
A New Expectation for Undergraduate
Students
UNIVERSITY OF TENNESSEE, KNOXVILLE
2. Graduation in Four Years
§ Used to be the “norm”
§ Off track
§ Must become the “new norm”
§ Critical to our Top 25 goal
§ Better for our students and our state
3. It’s Better for Students
§ Spend less on their education
§ Incur less debt
§ Opportunity costs
§ Begin their careers earlier
4. It’s Better for Students
“ Students who
complete a
bachelor’s degree
within four years
earned more than
all other degree
recipients
”
“A
Profile
of
Non-‐Completers
in
Tennessee
Higher
EducaCon”—a
study
by
the
Center
for
Business
and
Economic
Research
and
the
Dr.
Bill
Fox
Director
of
the
Center
for
Tennessee
Higher
EducaCon
Commission
Business
and
Economic
Research
5. Impact on Student Debt
Average UT student debt: Less than $20,000
UT students with NO debt: 52%
Average expenses: ~$24,000/year
Most scholarships expire: 4 years
6. It’s Better for UT
§ Improves graduation rate
§ Increases state funding through
Complete College Tennessee Act
§ Increases capacity to serve other
students
§ Produces more undergraduate
degrees/year
§ Accelerates progress toward Top 25
7. It’s Better for Tennessee
Increase the number of college graduates
Popula'on
with
Bachelor's
Degree*
*25+
years
of
age
35%
30%
25%
20%
15%
30%
10%
21%
5%
0%
Nat.
Average
Tennessee
10. Six-Year Graduation Rate
Fall 2006 cohort
100%
AspiraCon
Target
Peer
95%
90%
85%
80%
75%
70%
65%
60%
55%
50%
Source:
US
News
and
World
Report,
InsCtuConal
Common
Data
Sets;
2012
rankings
given;
data
#10
Washington
and
#28
Michigan
State
are
not
from
the
insCtuConal
Common
Data
Set
(as
of
June
6,
2012)
11. Proposed New Tuition Model
§ Take 15, graduate in 4
§ Students pay for 15 hours
§ Implementation in Fall 2013
§ Full year to communicate
§ No additional cost for 15+ hours
§ Increase revenue by ~$6 million in
year 1
12. Funds Will Provide
§ Courses and laboratories needed for
graduation
§ More academic advisors
§ UTracK system for monitoring progress
toward graduation
§ More tutoring and academic support services
§ More effective communication with
undergraduate students
§ Increased communications with prospective
students
13. Funds Will Provide
§ Better faculty/student ratio
§ More summer school options
§ More courses online
§ Additional need-based scholarships for
Tennesseans
§ Performance-based, market-driven
compensation
14. Implementation
§ All current students continue under
the old model
– No change for current students
§ Proposed new model starts fall 2013
§ Expectation – limit tuition increases to
3% annually for three years
§ After four years, pay the prevailing rate
§ 15 hours becomes the “new norm”
