Where Did My Money Go

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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

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Why Does This Matter?

• Knowledge
• Empowerment
• Transparency
• Sharing Information with Others

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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
• Its what you pay as a student to take classes

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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

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Estimated Tuition Fees 2007-2008
Total Paid Per Credit Hour 122.58
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Where does it Come From?
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Where Does it All Go?
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Who Else Pays?

• The state does!

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Capital Improvement Trust Fund Building Fee
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Activity and Service Fee
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Transportation Access Fee
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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)

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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)

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So Whats 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

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Whats 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

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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)

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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!

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What about Bright Futures?

• Bright Futures is funded by the Florida Lottery,
  not tuition or general appropriations

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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

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So whats 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

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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!

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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

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Questions?
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