College of Medicine Tuition

1
College of MedicineTuition Financial Aid

• Todd Van Neck
• Interim Associate Dean for Administration
• January 28, 2012

2
State Tax AppropriationChanges by Agency
In Constant 2011 Dollars (CPI)
Elementary/Secondary
24.9
State Average
4.0
Human Services
3.1
-4.6
Higher Education
All Other
-26.1
FY02 FY12 excludes 45 million from higher
education for Health Insurance payment to
CMS.All retirement systems include full funding
from pension bonds in FY10 and FY11.
3
Cumulative Change in State Tax Appropriationby
Higher Education Sector
In Constant 2011 Dollars (CPI)
233.2
SURS
Community Colleges
-21.8
ISAC
-24.3
-30.3
Universities
FY02 FY12 excludes 45 million from higher
education for Health Insurance payment to
CMS.SURS FY05-FY12 includes State Pension
Fund, FY10 FY11 SURS includes full funding from
pension obligation bonds.
4
State Support Per Tuition DollarFY 1970 to FY
2012
12.8 to 1
8.6 to 1
4.5 to 1
2.9 to 1
1.5 to 1
1.4 to 1
1.3 to 1
1.2 to 1
1.1 to 1
1 to 1
0.8 to 1
0.7 to 1
FY02 - FY12 excludes health insurance
re-direction to DHFS.FY09 - FY12 excludes survey
transfer.
5
College of Medicine State Fund Budget
6
FY 2012 MD Tuition Rates Private Aspirational
Peers
7
FY 2013 Tuition Rates
FY 2012 FY 2013 Less scholarship for continuing students Net Change
Resident 33,000 40,000 -6,000 1,000
Non-Resident 70,472 71,000 0 528
8
Uses of the incremental funds

• First, help offset further cuts to State support
• Next, curricular improvements
• Computer based testing
• Updates to curriculum
• New emphasis on leadership academic achievement
• Then, other academic support services
• e.g., tutoring
• Finally, facility issues (e.g., educational
  spaces in Chicago)