Trinity Tuition and Fees and Trinity Budget Explained 2015-2016 - PowerPoint PPT Presentation

Trinity Tuition and Fees and Trinity Budget Explained 2015-2016 Fiscal Year For more information contact: President Patricia McGuire president@trinitydc.edu www.trinitydc.edu

Dear Students, Every February, the Trinity Board of Trustees establishes the tuition and fee levels for the next academic year. On February 5, 2016, the Trustees established the tuition levels for 2016-2017. You will find a statement of these new tuition levels on the following slides. Along with these new tuition levels, you will find additional information to help you to understand how Trinity’s budget works, what your tuition dollar supports, and how to get financial aid. Mindful of that Trinity students and families face financial challenges, the Trustees always strive to keep tuition and fee increases modest. At the same time, the economic climate is posing challenges for Trinity’s finances, including some reduction in charitable gifts and endowment income, and higher prices for goods and services including utilities, insurance and banking fees. After much consideration, the Trustees decided upon a 2% increase for 2016-2017 tuition and fees, the same low rate of increase as the previous year. With this increase, Trinity’s full -time undergraduate tuition next year will be $22,820, compared to more than $32,000 average tuition for private colleges nationally. In the next few slides, you will see how Trinity’s tuition and fees stack up against other universities in this area. We also present important financial aid information as well as budget information of interest to you. We are doing everything possible to control costs at Trinity, and to refrain from passing on all but the most essential expense increases to you, our students and families. I am happy to provide any additional information you may request to help you to plan your Trinity education effectively. Thank you for being a vital part of the Trinity community! President Patricia McGuire

The next slide shows Trinity’s new tuition levels for 2016 -201 7

2016 – 2017 TRINITY TUITION AND FEES (Showing Prior Year Comparison) 2015-2016 2016-2017 % Increase COLLEGE OF ARTS AND SCIENCES Tuition (Annual) $22,370 $22,820 2% Tuition PT $700 $715 2% Room (Double) $3,760 $3,760 0% Board (19 Meal Plan) $6,320 $6,575 4% Comprehensive Fee $33,255 $33,798 2% SCHOOL OF NURSING AND HEALTH PROFESSIONS Tuition $22,370 $22,820 2% Tuition PT $700 $715 2% SCHOOL OF PROFESSIONAL STUDIES Undergraduate $540 $550 2% Associates Program at $180 $185 3% THEARC SCHOOL OF BUSINESS AND GRADUATE STUDIES Graduate General $730 $745 2% Graduate MBA $770 $785 2% SCHOOL OF EDUCATION Graduate $730 $745 2% 4 Workshops $530 $530 0%

The next slide shows how the growth in Trinity’s full-time undergraduate tuition (the yellow bars) compares to the growth in private college tuitions nationally (the purple bars)… since 1991!

TUITION 1991-2015 Comparing Trinity FULL-TIME Tuition with National Average for 4 Yr Private College 35 4 . 2 3 2 . 1 3 8 . 0 9 3 TRINITY NATIONAL 2 9 2 30 8 . 7 2 2 . 7 2 2 . 6 2 1 . 5 2 7 . 3 2 25 8 . 3 2 2 2 . . 9 2 2 2 2 1 . 2 9 1 . 5 0 2 . 2 1 0 . 2 7 7 0 0 . . 2 9 2 3 9 1 1 9 . 8 1 . 5 8 . 2 1 8 . 20 1 8 7 1 . 2 7 1 . 1 . 7 7 7 1 1 . 3 6 2 . 1 6 . 6 1 1 3 4 . . 5 5 1 7 1 . 4 2 2 1 . . 4 8 4 6 1 . 1 4 3 . 3 . 1 3 15 1 8 8 1 . . 4 2 2 3 . 1 1 2 . 2 7 1 7 1 . . 4 1 1 . 1 1 1 1 6 1 1 1 4 . 1 1 1 0 . 0 1 1 9 0 . 1 9 3 . 9 10 5 0 1991 92 93 94 95 96 97 98 99 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 7%… .3.7 .…..0 ..3.6%....2.6% …5%……4%….4.6%….3%…...3%…….3%……5%.......5%.......3%.......3%......3%.......3%......3%......3%... ...2%.......2%......2%.....2%......2% TRINITY PERCENTAGE INCREASEs 6

The next two slides shows Trinity’s full- time undergraduate tuition, room and board compared to other similarly sized schools, and to area universities

8 Catholic U 13,356 40,932 13,920 36,284 Emmanuel 11,765 35,000 Cedar Crest 11,840 34,630 Hood 16,460 34,530 St. Joseph CT Tuition and Fees, Room and Board Immaculata 13,210 33,280 10,816 33,200 Chatham FY16 Trinity and Cohort 10,200 32,930 Chestnut Hill Room & Board 10,930 32,548 C. Notre Dame 12,700 32,450 New Rochelle MEDIAN 12,167 30,378 2015-2016 10,808 30,158 Georgian Court 12,744 29,732 St Elizabeth 12,230 27,900 Marymount VA 12,220 27,000 Russell Sage Carlow 10,572 26,604 14,830 24,720 Lesley 10,740 23,970 Howard U 10,335 22,820 TRINITY 17 10,080 22,370 TRINITY 16 Rosemont 11,500 18,500 60,000 50,000 40,000 30,000 20,000 10,000 0

CHRONICLE OF HIGHER ED LOCAL DATA ON TUITION AND FEES Tuition and Fees Tuition, Fees, Room, and Board Institution 2012-13 2013-2014 2014-2015 2015-2016 2012-13 2013-2014 2014-2015 2015-2016 name American $39,499 $40,649 $41,833 $43,556 $53,419 $54,829 $56,241 $57,909 Catholic $36,520 $38,626 $39,726 $40,932 $50,794 $52,852 $54,244 $54,288 George $45,780 $47,343 $48,850 $50,435 $56,310 $58,193 $60,550 $62,485 Washington Georgetown $42,870 $44,805 $46,744 $48,611 $56,706 $58,715 $60,768 $63,711 Howard U $22,683 $22,683 $23,790 $23,970 $32,466 $32,466 $34,710 $34,710 Trinity $20,710 $21,130 $22,316 $22,780 $30,142 $30,788 $32,156 $32,860 U of the District of n/a n/a $14,535 $7,421 n/a n/a $14,535 $20,621 Columbia 9

The next two slides show comparisons of per-credit-hour tuitions for undergraduate and adult studies at area universities, and then for graduate per credit hour tuition rates

PER CREDIT UNDERGRADUATE/ UG ADULT RATES with Cohort Comparisons FY15 (SHOWING ADULT UNDERGRAD SPECIAL RATES WHERE AVAILABLE) 1600 1550 1430 1417 1400 1308 1221 1200 1082 1040 1005 980 973 1000 925 910 900 835 825 800 780 800 715 690 665 660 590 585 600 550 535 530 525 525 521 499 499 485 468 390 395 400 200 0 H T C H L U A G G S I R N C S C R E C P U B G M m e o R t t h o m H M O U o e . e u a M W a e . s M w m e o I E s w N d s t r o O C W N J l m h U U U e s a d e s a y r l a o o i o E P I g R t y e C r T m z m n r a I c t s l E d i a r l N a u o C n i Y o e e u l c N o b N n l c S u I U n p t r N u a X R e D e U R h h H e a n C t t R t l a e a s t h i g o C t l m l V l l e u e T A e r 11 t UG PT F15 UG AD F15

PER CREDIT GRADUATE RATES with Cohort Comparisons FY15 (SHOWING ADULT UNDERGRAD SPECIAL RATES WHERE AVAILABLE) 1700 1600 1600 1545 1526 1363 1400 1300 1200 1001 1000 950 894 850 839 770 800 745 740 730 680 680 681 659 650 645 600 600 540 435 400 200 0 H T C H L U A G G S I R N C S C R E C P U B G M m e o R t t h o m H M O U o e . e u a M W a e . s M w m e o I E s w N d s t r o O C W N J l m h U U U e s a d e s a y r l a o o i o E P I g R t y e C r T m z m n r a I c t s l E d i a r l N 12 a u o C n i Y o e e u l c N o b N n l c S u I U n p t r N u a X R e D e U R h h H e a n C t t R t l a e a s t h i g o C t l m l V l l e u e T A e r t

FINANCIAL AID AT TRINITY

The next set of slides shows the volume of financial aid from all sources awarded to Trinity students; note that all student aid is in this picture, including loans to graduate students (the largest group of borrowers) and scholarships to full-time undergraduates

PRIVATE16, $297,749.00 , 1% While 47% of all student aid comes in the form of federal student loans, Trinity students also receive financial assistance in grants and loans from ALL AID PARENT16, $831,259.00 , 2% at least 12 other sources FY2016 TRINITYGRANT16, $8,978,145.00 , 25% ENDOWED16, $1,281,043.00 , 4% FEDLOAN16, $17,285,438.00 , 48% PELL16, $5,138,461.00 , 14% DCTAG16, $716,564.00 , 2% DCMAYOR16, $317,491.00 , 1% DCCAP16, $192,238.00 , 0% OTHER16, $393,132.00 , 1% DREAM16, $218,910.00 , 1% 15 EMPLR16, $436,479.00 , 1%

21,000,000 TRINITY FINANCIAL AID SOURCES 20,000,000 FISCAL 2016 19,000,000 FED LOAN, 18,116,697 18,000,000 17,000,000 Individually as well as combined, three sources of aid --- federal loans, Trinity 16,000,000 grants/endowed scholarships and Pell grants --- are larger by volume than all other sources combined. 15,000,000 14,000,000 13,000,000 12,000,000 TRINITY GRANT/ENDOWED 11,000,000 10,091,706 10,000,000 9,000,000 8,000,000 7,000,000 6,000,000 PELL, 5,138,461 5,000,000 4,000,000 EVERYTHING ELSE, 3,368,558 3,000,000 2,000,000 1,000,000 16 0 2016