Transcript the guaranteed tuition plan includes - Texas A&M University

GUARANTEED TUITION PLAN PROPOSAL
•
New state law HB 29 requires all public institutions in Texas to offer a
guaranteed tuition plan for UG resident students effective Fall 2014
•
Texas A&M University-Kingsville proposes to implement a mandatory
guaranteed tuition plan for all new and current undergraduate students
beginning in fall 2014. A&M-Kingsville has elected to include resident and
non-resident undergraduate students in our plan.
GUARANTEED TUITION PLAN PROPOSAL
Benefits of the plan:
•
The Guaranteed Tuition Plan will allow students and their families to
budget earlier and more effectively for educational expenses.
•
Educational expenses will be much easier to understand since they will not
change substantially from year-to-year.
THE GUARANTEED TUITION PLAN INCLUDES:
• State
Mandated
Tuition
• Designated
Tuition
• Mandatory
Fees
WHAT IS NOT INCLUDED IN THE PLAN?
All NonMandatory Fees
(Lab Fees & field
trip Fees)
All Non-Academic
Fees
(Housing, meal
plan, parking
permit, etc.)
METHODOLOGY FOR CALCULATING THE PLAN
For fall 2014, the Guaranteed Tuition Plan will be calculated based
on the current tuition and mandatory fees in effect for the 201314 academic year and adjusted by an inflation factor approved
by the Board of Regents.
This new guaranteed rate will be in effect for twelve consecutive
semesters for the freshmen in fall 2014. A new guaranteed
tuition and mandatory fee rate will be established for each fall
cohort of new undergraduate students each fall.
The additional revenue associated with the inflation factor increase
will be added only to the University Services Fee.
GUARANTEED TUITION PLAN ELIGIBILITY
• All new and continuing resident and non-resident
undergraduate students will be placed in a Guaranteed Tuition
Plan based on the number of earned semester credit hours in fall
2014. A new cohort of freshmen will be created each fall
semester.
• Graduate students will not be offered a Guaranteed Tuition
Plan, but they will be provided the approved 2014-15 tuition and
fee table for graduate students for use to budget for educational
expenses.
LENGTH OF ELIGIBILITY FOR THE PLAN
Undergraduate students will have the following terms of eligibility
under the plan:
• Freshmen (0-29 hours)—12 consecutive semesters
• Sophomores (30-59 hours)—9 consecutive semesters
• Juniors (60-89 hours)—6 consecutive semesters
• Seniors (90-120 hours)—6 consecutive semesters
• 5th year seniors (120+ hours)—3 consecutive semesters
LENGTH OF ELIGIBILITY FOR THE PLAN
•
Transfer students will have the same eligibility timelines under the
plan as current students based on transferrable semester credit
hours.
•
For fall 2014 only, students with more than 120 semester credit
hours in fall 2014 will have 0% inflationary increase for 3
consecutive semesters. If students have not graduated within the
three semesters, they will revert into the new freshman cohort rate.
•
For fall 2014 only, seniors with 90-120 semester credit hours will
have 6 consecutive semesters of eligibility. If they do not graduate
within that time, they will revert into the new freshman cohort rate.
ELIMINATION OF FEES
The University will propose the elimination of the following fees:
•
Computer Use Fee
•
Library Fee
•
ID Card Fee
•
Advising Fee
•
Graduation Fee
•
International Education Fee
•
Environmental Services Fee
•
Transportation and Safety Fee
•
Instructional Enhancement Fee
UNIVERSITY SERVICES FEE
The University will propose the creation of a new University
Services Fee which will be charged beginning fall 2014. This fee
will include instructional enhancement fees which used to be
charged separately. Also, this fee will include all of the revenues
that were collected previously in all the fees that have been
eliminated. Also, this fee will contain the inflationary increases
which are collected so each cohort will show a slightly different
University Services Fee as a result.
PROPOSED FEE INCREASES FY15
Fee referendum voting took place on March 25-26, and students
overwhelmingly voted to support the following increases:
• Athletics Fee: Increase from $18/sch capped at 13 sch to $20/sch
capped at 13 hrs
• Recreational Sports Fee: Increase from $110/semester to
$135/semester
FINANCIAL IMPACTS OF PROPOSED FY15 FEE
INCREASES FOR STUDENTS TAKING 13+ SCH
FY15 Fee Increase Proposal
Fee
Athletics
Recreational
Sports
FY14 Rates
$234.00
FY15
Proposed
Rates
$260.00
$110.00
$135.00
%
$ Variance Variance
$26.00 11.11%
$25.00
22.73%
ATHLETICS FEE INCREASE PROPOSAL
Benefits to students from fee increase:
• Addition of women’s sports: Women’s Sand Volleyball and
Women’s Soccer
• Creation of facilities to support two new athletics programs
• Compliance with Title IX
RECREATIONAL SPORTS FEE INCREASE PROPOSAL
Benefits to students from Rec Sports Fee increase:
• Establish a formal club sports program
• Improve intramural fields and include artificial turf
• Repair or replace tennis courts
FINANCIAL IMPACT FOR FRESHMEN TAKING 15
SEMESTER CREDIT HOURS FALL 2014
Student
Classification
FY14 Rate
FY15
Proposed
Rate
Freshman
Resident
$3,470.04
Freshman NonResident
$8,780.04 $9,492.04
$3,777.10
FINANCIAL IMPACT FOR CONTINUING RESIDENT
UNDERGRADUATE STUDENTS TAKING 15 SEMESTER
CREDIT HOURS FALL 2014
Student Classification
FY14 Rate
FY15 Rate
Proposed
Sophomore
$3,470.04
$3,736.74
Junior
$3,470.04
$3,696.96
Senior
$3,470.04
$3,657.76
5th Year Senior
$3,470.04
$3,581.04
FINANCIAL IMPACT FOR CONTINUING NON-RESIDENT
UNDERGRADUATE STUDENTS TAKING 15 SEMESTER
CREDIT HOURS FALL 2014
Student Classification
FY14 Rate
FY15 Rate
Proposed
Sophomore
$8,780.04
$9,393.01
Junior
$8,780.04
9,295.42
Senior
$8,780.04
$9,199.25
5th Year Senior
$8,780.04
$9,011.04
NEW PROCESS FOR STUDENT LOAN REFUNDS
BEGINNING SUMMER 2014
TAMUK has contracted with Higher One to process student loan refunds beginning
summer 2014.
Students will receive a Higher One debit card in the mail which will serve as the log-in
user name. Students should go onto the Higher One website immediately to
select one of the following options for their refunds:
1. Deposit into student’s current banking account,
2. Open a Higher One account to receive refund (the card you received will be the
debit card for the account), or
3. Receive a paper check.