Office of Higher Education Connecticut Higher Education 2013 Trends Funding Tuition & Fees Student Financial Aid Enrollment March 2014 61 Woodland Street, Hartford, CT 06105-2326 860-947-1801 www.ctohe.org Table of Contents 2013 Connecticut Higher Education Trends Funding 1-2 Tuition & Fees 3-15 Student Financial Aid 17-19 Enrollment 21-30 This report, produced by the Division of Finance and Administration of the Office of Higher Education, is an annual publication required by Public Act 12-10. For questions, please contact Keith Norton or Scott Ciecko, Division of Finance and Administra- tion, (860)947-1842. i Funding Connecticut State Budget by Function Human Services Of the total FY 2014 Connecticut Non-Functional state budget ($17.189 billion), K-12 Education 3.8 percent is devoted to higher Health & Hospitals education, excluding General Corrections Fund fringe benefit costs that are Higher Education 3.8% or $675.8 million paid by the State Comptroller. Transportation Judicial General Government Expenditures for higher Reg. & Prot. education over the last 10 years Conserv. & Devel. have remained essentially flat as Legislative a component of total state 0% 5% 10% 15% 20% 25% budget expenditures (as indicated in the table below). The appropriated budget for FY 2014, however, is 7.1 percent higher than actual higher education expenditures in FY 2013. This is the first positive increase for higher education after four years of decreases in spending. Higher Education as a Percent of Total Connecticut State Appropriations1 10.0% 9.0% 8.0% 7.0% 6.0% 4.4% 5.0% 3.8% 4.0% 3.0% 2.0% 1.0% 0.0% 04 05 06 07 08 09 10 11 12 13 14 1Illustrates the change in the portion of the budget devoted to higher education from 2004 to 2014 without fringe benefits. 1 Funding Connecticut Higher Education Budget Of state appropriations dedicated to higher education, the Connecticut State Colleges and Universities (CSCU) System accounts for 44.5 percent, the University of Connecticut (UConn) represents nearly 30 percent and another 18.7 percent goes to the UConn Health Center. Much smaller percentages support student financial aid in the form of the Governor’s Scholarship Program (6.2 percent), and the administrative functions of the Office of Higher Education (0.6 percent). Total estimated spending is $328.6 million for UConn and its Health Center, and $300.9 million for CSCU. Combined, dollars going to UConn and CSCU account for 93.1 percent of higher education spending. More than half of the $42 million dedicated to student financial aid has traditionally been awarded to students attending these public institutions. Student OHE 2014 Estimated Expenditures Aid (in millions) UCONN 29.9% $202.1 UCHC 18.7% 126.5 CSCU CSCU 44.5% 300.9 UConn Student Aid 6.2% 42.0 OHE 0.6% 4.3 UCHC Total 100% $675.8 2 Tuition and Fees Connecticut Public Higher Education Undergraduate Tuition and Required Fees In-State Out-of-State FY 2013 FY 2014 % Change FY 2013 FY 2014 % Change University of Connecticut Commuter $11,362 $12,022 5.8% $29,194 $30,960 6.0% Resident 22,742 23,744 4.4% 40,574 42,682 5.2% CSCU—State Universities Commuter 8,543 9,002 5.4% 19,575 20,507 4.8% Resident 19,063 19,836 4.1% 30,095 31,341 4.1% CSCU— Community Colleges 3,589 3,786 5.5% 10,754 11,318 5.2% CSCU—Charter Oak Associate Degree 3,391 3,096 -8.7% 4,372 4,068 -7.0% Bachelor’s Degree 6,331 6,192 -2.2% 8,236 8,136 -1.2% For the 2013-14 academic year, annual increases in tuition and mandatory fees for in-state undergraduates attending the University of Connecticut (UConn) and the Connecticut State Colleges and Universities (CSCU) System, excluding Charter Oak State College, ranged from 4.1 percent to 5.8 percent. The lower tuition and fee charges at Charter Oak result from changes made to reduce its reliance on fees, and greater emphasis on course work. UConn’s increase of 5.8 percent for in-state commuting students compares to a national average of 3.7 percent for state flagship institutions. CSCU’s increase of 5.4 percent for in-state commuting students attending its State Universities compares to a national average of 4.1 percent for similar types of institutions; the Community Colleges’ increase of 5.5 percent for in-state commuting students compares to a national average of 4.5 percent for like institutions. From 2009 to 2014, tuition and fees for in-state undergraduates have increased 24.7 percent at the Connecticut State Universities, 26.9 percent at the Community Colleges, and 28.7 percent at UConn. With the exception of Charter Oak State College, all of the planned 2014 increases are greater than the estimated Higher Education Price Index (HEPI) rate for 2013 of 1.6 percent and the corresponding 2013 CPI rate of 1.6 percent. These increases also exceed the national inflation rate of 1.5 percent for the 12-month period ending in December 2013. 3 Tuition and Fees University of Connecticut In-State Tuition and Fee Growth 2004 – 2014 CPI Adjusted Fiscal Year Tuition & Fees Annual Increase Cumulative Increase Cumulative Increase 2004 $6,812 10.7% 58.8% 27.4% 2005 7,490 10.0% 74.6% 31.3% 2006 7,912 5.6% 84.4% 36.2% 2007 8,362 5.7% 94.6% 39.8% 2008 8,842 5.7% 106.1% 45.0% 2009 9,338 5.6% 117.7% 47.0% 2010 9,886 5.9% 130.4% 48.4% 2011 10,416 5.4% 142.8% 51.4% 2012 10,670 2.4% 148.7% 55.8% 2013 11,362 6.5% 164.8% 58.4% 2014 12,022 5.8% 180.2% N/A Tuition 12,022 $13,000 CPI Adjusted Tuition $12,000 $11,000 $10,000 $9,000 6,812 $8,000 $7,000 $6,000 6,999 $5,000 $4,000 5,217 $3,000 $2,000 $1,000 $0 04 05 06 07 08 09 10 11 12 13 14 4 Tuition and Fees Connecticut State Universities In-State Tuition and Fee Growth 2004 – 2014 CPI Adjusted Fiscal Year Tuition & Fees Annual Increase Cumulative Increase Cumulative Increase 2004 $5,121 13.0% 75.9% 30.6% 2005 5,611 9.6% 92.7% 34.5% 2006 5,936 5.8% 103.9% 39.6% 2007 6,284 5.9% 115.8% 43.3% 2008 6,736 7.2% 131.3% 48.6% 2009 7,180 6.6% 146.6% 50.6% 2010 7,567 5.4% 159.9% 52.1% 2011 8,040 6.1% 175.8% 55.2% 2012 8,228 2.5% 182.6% 59.7% 2013 8,543 3.8% 193.4% 62.3% 2014 9,002 5.4% 209.2% N/A $10,000 Tuition 9,002 $9,000 CPI Adjusted Tuition $8,000 $7,000 5,121 $6,000 $5,000 $4,000 5,263 $3,000 3,922 $2,000 $1,000 $0 04 05 06 07 08 09 10 11 12 13 14 5 Tuition and Fees Connecticut Community Colleges In-State Tuition and Fee Growth 2004 – 2014 CPI Adjusted Fiscal Year Tuition & Fees Annual Increase Cumulative Increase Cumulative Increase 2004 $2,310 10.6% 65.2% 51.8% 2005 2,406 4.2% 72.1% 53.5% 2006 2,536 5.4% 81.4% 55.9% 2007 2,672 5.4% 91.1% 60.1% 2008 2,828 5.8% 102.3% 63.4% 2009 2,984 5.5% 113.4% 72.4% 2010 3,200 7.2% 128.9% 84.9% 2011 3,406 6.4% 143.6% 94.1% 2012 3,490 2.5% 149.6% 96.9% 2013 3,598 3.1% 157.4% 96.9% 2014 3,786 5.2% 170.8% 96.9% Tuition $4,000 3,786 CPI Adjusted Tuition $3,500 $3,000 2,310 $2,500 $2,000 2,217 $1,500 1,769 $1,000 $500 $0 04 05 06 07 08 09 10 11 12 13 14 6 Tuition and Fees University Rankings In-State Undergraduate Tuition and Fees FY 2013-14 National Ranking The University of Connecticut’s (UConn) Pennsylvania $16,992 1 ranking has dropped from nine nationally in New Hampshire $16,496 2 2009 to its current ranking of 14 as tuition Vermont $15,718 3 increases in other states have reached double Illinois $15,258 4 digits. Minnesota $13,555 5 New Jersey $12,499 6 Recent increases in annual tuition and fees at Massachusetts $12,260 7 UConn have produced a growth rate that Michigan $13,142 8 remains below the average growth of more California $12,864 9 expensive institutions in both the region and Rhode Island $12,506 10 the nation. Virginia $12,458 11 Washington $12,397 12 Over the last five years, UConn’s required Delaware $12,112 13 tuition and fees have grown a total of 28.7 Connecticut $12,022 14 percent compared to a regional average of 29.0 South Carolina $10,816 15 percent, and a national average of 33.8 Maine $10,600 16 percent. Wisconsin $10,403 17 Arizona $10,391 18 For 2014, UConn’s annual increase in tuition Colorado $10,347 19 and fees of 5.8 percent compares to a national Georgia $10,262 20 average growth of 3.8 percent among flagship universities. National Average $10,009 Regional Ranking Cumulative Change FY 2004-2014 Pennsylvania $16,992 1 120.0% New Hampshire $16,496 2 100.0% Vermont $15,718 3 New Jersey $12,499 4 80.0% Massachusetts $12,260 5 60.0% Rhode Island $12,506 6 Delaware $12,112 7 40.0% Connecticut $12,022 8 20.0% Maine $10,600 9 New York $8,426 10 0.0% 04 05 06 07 08 09 10 11 12 13 14 Regional Average $13,163 Regional Average UConn National Average Source: 2013-14 Tuition & Fee Rates: A National Comparison – Washington State Higher Education Coordinating Board (February 2014).