Rockhurst University Sample Clauses

Rockhurst University. Tuition, fees, scholarships and discounts These should be matters of continuous review. While there are competitive limits the University faces in its traditional undergraduate programs, some increase in tuition and fees remain necessary. Private institutions are closely monitoring their tuition costs and rates of increase in recognition of their students’ ability to pay, in conjunction with the institutions’ competitive position and ability to balance financial operations. A review of recent enrollment statistics shows an increase in enrollment head count; however it is important that as the head count increases management closely monitors the tuition discount rates. We recommend that management focuses on achieving approximately 3-5% increase in the net tuition fees on an annual basis. The University’s unfunded financial aid and related discount rate over the last five years is as follows: 2012 2011 2010 2009 2008 Institutional Financial Aid $21,397,542 $20,352,455 $19,900,732 $19,092,553 $17,642,687 Unfunded Tuition Discount Rate** 41.2% 40.6% 39.5% 39.8% 39.9% **The University does not discount the graduate tuition. The above unfunded tuition discount rate was calculated based on total tuition revenue in order to be consistent with the audited financial statement presentation. Since the unfunded tuition discount rate continues to grow, management should focus on reducing unfunded scholarships to affordable, yet competitive levels of gross tuition. Endowed scholarships should be aggressively sought and used to provide additional, but funded, discounts to be competitive. Per Fitch Ratings’ 2013 Outlook for U.S. Colleges and Universities, there has been a heightened focus on costs associated with attending private universities. The higher than historic growth rate in tuition has garnered the attention of many constituencies to the point that the ability to exercise this pricing flexibility is becoming somewhat hampered. Nonetheless, overall tuition levels are expected to continue to rise. However, the growth rate is not expected to be at the level experienced in recent years. Fall 2012 tuition levels have increased an average of 4.2% for private institutions. Management should continue to fine tune their recruitment strategies with a greater emphasis on retention. Management should also continue to look for ways of improving diversity of its revenue stream by placing more focus on international recruitment and the implementation of more online programming...
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