Tuition and Financial Aid…FY 2014 Planning

I NNOVATION University Medical Student Council November 17, 2012 E XCELLENCE S ERVICE 1

FY 2013 State Budget Parameters Final tuition rate change: +3% for in-state students +0.75% for out-of-state students ~ $807,000 of incremental revenue GRF adjustment: -7% reduction to allocation from campus ~$5.1 million cut from base 2

Incremental Tuition Revenue Uses of the FY 2013 incremental funds ($807K) MD Tuition Increments by site   Curricular improvements NBME subject exams for M1/M2 “Benware”, redesign of lectures, IT support Regional site Tuition Increment FY 2013 Chicago $460,072   Other academic support services Review materials for Step 1 exams Faculty leadership in ECM, James Scholar, Urban Med programs Peoria Rockford $121,103 $120,168 Urbana $105,963

Total $807,306

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Other Education Initiatives Other initiatives, funded through reallocation: Facilities Learning Center project Edelstone, study annex Gross Anatomy lab Grand Grounds Computer-based testing 120 laptops, 2 FTE support staff 4

Additional Identified Needs • Protected time for clinical faculty to participate in curriculum development & delivery • Technology support for faculty instructional designers, educational technologists, increased use of simulation • Academic support for students (advising, tutoring) • Student leadership opportunities (e.g., MD/MPH) • Facilities: Instructional laboratories Simulation center Student lounge (Edelstone) 5

Entering Class Fall 2012 8 000 7 000 6 000 5 000 4 000 3 000 2 000 1 000 0 Applicants The Admissions Funnel Reviewed Interviewed Admitted Enrolled 6

Fall

2004 2005 2006 2007 2008 2009 2010 2011 2012 Enrollment Metrics for Entering Classes

In State Admit Rate Out of State Admit Rate Total Admit Rate

26.3% 29.2% 22.4% 21.6% 23.6% 22.9% 28.7% 25.8% 24.9% 7.0% 5.6% 4.9% 3.9% 5.1% 5.7% 3.4% 3.9% 4.2% 13.4% 13.2% 9.9% 8.4% 9.6% 9.9% 8.8% 8.7% 9.0%

Total Yield Rate URM as % of total matric's

49.2% 52.0% 56.4% 51.5% 47.8% 46.9% 46.8% 46.0% 47.6% 25.0% 24.3% 23.5% 21.2% 24.7% 25.6% 24.6% 23.3% 29.8% 7

Entering Class Fall 2012 Academic Qualifications 4,0 3,5 3,0 2,5 2,0 1,5 1,0 0,5 0,0 12,00 10,00 8,00 6,00 4,00 2,00 0,00 3,49 10,00 3,46 3,48 Science GPA 3,47 10,17 Fall 2009 Fall 2010 3,62 10,17 3,58 3,59 10,16 3,59 Cumulative GPA Fall 2011 Fall 2012 Fall 2009 Fall 2010 Fall 2011 Fall 2012 MCAT Score 8

323 Mission Management AAMC National Benchmarks 2011 Under Represented Minority Student Comparison Non URM URM 90 1 028 88 560 84 570 723 COM UIC Peer Group (Not Big Ten) Average Private Local Group Average * Student self-reported survey to AAMC. Some students are designated in multiple categories Big Ten Group Average 9

Our Tuition Rate History

Year

2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

In-state Rate

$19,880 $20,874 $22,544 $24,122 $24,708 $25,450 $26,722 $29,394 $32,040 $33,000 $34,000

% Increase

5% 8% 7% 2.4% 3% 5% 10% 9% 3% 3% 10

Local Peer Comparisons Annual Tuition Rate Increases

Institution

Rush Rosalind Franklin Northwestern-Feinberg Loyola-Stritch Chicago-Pritzker Illinois (Resident)

FY 2011 Increase

0% 5% 4% 5% 4% 9%

FY 2012 Increase

2% 3% 3% 6% 4% 3%

FY 2013 Increase

2% 3% 2% 8% 4% 3% 11

4 Year Cost (In State)

Student Level

M1 M2 Summer M2 M3 Summer M3 M4

4-year Total

Tuition & Fees 2013 (In-State)

COM Tuition

$34,000 $34,000 $11,000 $34,000 $11,000 $34,000

$158,000 University Fees

$2,688 $2,688 $906 $2,688 $906 $2,688

$12,564 University Assessments

$1,018 $1,018 $250 $1,018 $250 $1,018

$4,572 Total Cost $37,706 $37,706 $12,156 $37,706 $12,156 $37,706 $175,136

UIC fees include: general fee, service fee, student-to-student fee, sustainability fee, health service fee, health insurance fee, CTA U Pass.

Assessments include: academic facilities maintenance fund assessment, and library and information technology assessment.

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4 Year Cost (out of State)

Student Level

M1 M2 Summer M2 M3 Summer M3 M4

4-year Total

Tuition & Fees 2013 (Out-of-State)

COM Tuition

$71,000 $71,000 $23,491 $71,000 $23,491 $71,000

$330,982 University Fees

$2,688 $2,688 $906 $2,688 $906 $2,688

$12,564 University Assessments

$1,018 $1,018 $250 $1,018 $250 $1,018

$4,572 Total Cost $74,706 $74,706 $24,647 $74,706 $24,647 $74,706 $348,118

UIC fees include: general fee, service fee, student-to-student fee, sustainability fee, health service fee, health insurance fee, CTA U Pass.

Assessments include: academic facilities maintenance fund assessment, and library and information technology assessment.

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Local Peer Comparisons

Institution

Chicago-Pritzker Northwestern-Feinberg Rush Loyola-Stritch Rosalind Franklin Illinois (Resident)

M1 Tuition 2012-13

$44,075 $48,339 $48,372 $47,000 $48,232 $34,000

Tuition 4 years

$203,510 $193,354 $191,940 $188,000 $192,928 $158,000

Tuition & Fees 4 years

$222,966 $206,274 $204,184 $202,148 $194,248 $175,136 14

FY 2014 Rate Proposal Resident tuition rate Lower of…3% or the University general increase  Non-resident tuition rate Same dollar increase as resident tuition rate 15

Financial Aid initiatives Hispanic Center of Excellence: • Five-year, $3.4 million grant from the Department of Health and Human Services to address disparities in minority health care. The UIC Hispanic Center of Excellence will use the grant to improve the shortage of Latino physicians and other health care professionals.

Financial Aid Office:

• HRSA grant ($450K/year) from the Department of Health and Human Services to support students from low income families.

Merit-Based and Need-Based Scholarships:

• Inaugural class of 6 Sweeney Scholars: • 3 students in Chicago • 3 students in Urbana 16