Student Government | University Life | Office of the ...

Student Government | University Life | Office of the Senior Vice President | April 20, 2017

Mason Nation

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Two New Top 50 Rankings!3

No. 50 in a new ranking by Business First of the top 499 public universities.

No. 47 in Times Higher Education Young University Rankings of 200 colleges and universities around the world. 3

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New ADVANCE initiativeGreat ROI!

GEORGE MASON UNIVERSITY 5

GMU Transfer


Our Students

Fall 2016 Enrolled Student Population by Headcount: ~35,000

68%32%

Undergraduate Graduate

68%32%

Full Time Part Time

81%19%

In State Out of State

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49%51%

UnderrepresentedRacial/EthnicOther

37%

63%

First Generation

Other

15%

85%

Over Age 25 at Entry

Other

1 in 3 1 in 2 1 in 7

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Fall 2016 Undergraduate Student Population by Headcount: ~24,000

40%

60%

Full Time Part Time

62%20%

9%5%4%

Masters DoctoralsExtended Studies Law SchoolGR Certificates

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Fall 2016 Graduate Student Population by Headcount: ~11,000

70%

30%

In State Out of State

10

20,000

25,000

30,000

35,000

FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

Fall Headcount Annualized FTE

Source: Office of Institutional Research & Reporting, enrollment excludes Mason Korea

Increasing Enrollment Trend

11Source: Office of Institutional Research & Reporting, enrollment excludes Mason Korea

STUDENT SUCCESS - No Disparity in Graduation RatesGRADUATION GAPS:

Nationally, 62% of white students, but only 53% of Latino students, and 40% of African American students who started college in 2009 at a public four-year institution, hold bachelor’s degrees from that institution six years later.

HISPANIC STUDENTS

AFRICAN AMERICAN STUDENTS

White student graduation rates surpass those of Hispanic students by

9%-pts at public institutions nationwide

White student graduation rates surpass those of African American students by

21%-pts at public institutions nationwide

No Disparity at George Mason University

Source: National Center for Education Statistics 2016 Digest and GMU IRR, Fall 2009 entering cohort 11

No Disparity at George Mason University

0

5

10

15

George MasonUniversity three-year

loan default rate

National three-yearloan default rate

Public four-yearthree-year loan

default rate

Virginia three-yearloan default rate

Virginia public four-year three-year loan

default rate*

Virginia doctoraluniversities three-year loan default

rate*

2011 2012 2013

How George Mason University’s student loan default rates compare

* Excludes MasonSource: U.S. Department of Education 12

Student Debt Mason, Virginia and the U.S.

Mason’s Default Rate is 2.1% compared to a National Three-

Year Average Default Rate of 10.3% for Public Universities

44% of Mason students incurred no debt prior to graduation

For those students graduating with debt, Mason undergraduate debt averaged $30,132

Source: Common Data Set 2016-17, H5Federal Student Financial Aid, Three-year default rate (cohort 2013) 13

Student Debt & Repayment Below National Average


FY 2018Financial Orientation


PROPOSED FY 2018 REVENUE BUDGET $1.0B

pie chart $ in millions

16GEORGE MASON UNIVERSITY

Operating$131.4

Financial Aid$22.6

Capital Improvements$48.9

Mason Capital Funds$18.8

Tuition$380.7

Mandatory Student Services & Activity Fees

$91.5

Room & Board$71.4

Community & User Service Fee

$84.3

Sponsored Research$104.7

Philanthropic Activities$60.0

Enrollment Related Fees, 54%

Capital

All Other Activities, 25%

VA State Funding, 20%

LONG TERM FINANCIAL SHIFT FROM TAXPAYER TO STUDENT

67%

33%

75%

0%

10%

20%

30%

40%

50%

60%

70%

80%

George Mason UniversityGeneral Fund vs. Tuition and Other as a Percent of the E&G Budget

State Appropriations Tuition & Other67%

33%

1985

57%43%

2000

25%

75%

2018


25%

Doctoral Average

w/o Mason

General fund estimate is based on SCHEV FTE projection in the 2B report, numbers for all institutions will change with actual revised numbers for FY 2017

FY 2017 STATE FUNDING DISPARITY

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General Fund $8,294 $9,088 $7,397 $7,209 $6,391 $7,676 $5,854

In-State Tuition 15,810 13,515 10,941 10,989 6,348 $11,521 $8,204

Total 24,104 22,603 18,338 18,198 12,739 19,197 $14,058

Mason percent of average is 73% of total

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

$22,000

FY 2001 FY 2009 FY 2017

W&M

UVa

VCU

VT

Mason

Source: SCHEV 2000-01, 2008-09, 2015-16 Tuition and Fee Report – Tuition and Total Mandatory Fees

Range of ∆ $1,552 to $9,934

per student

∆ = $1,047 per student

FY 2001 - 2017 IN-STATE TUITION AND FEES COMPARISON

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Institution Faculty or Staff Students Ratio

William and Mary 1 to 3.6

Doctoral Average 1 to 5.6

Virginia Commonwealth University

1 to 7.1

George Mason University 1 to 8

Mason would need to add over 1,000 people to be comparable with state average.

Efficient: Faculty/Staff to Student Comparison

20Source: IPEDS HR Data 2015-16

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Internal and External Pressures on the Mission

Disinvestment

HS Graduates

Federal & State Policy

High Cost of Living

Infrastructure

Increased Diversity

EnrollmentGrowth Mix

Strategic Plan

FY 2015 Budget Cuts

FY 2016 Budget Cuts

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-$9.4-$8.0 -$6.9

-$10

-$9

-$8

-$7

-$6

-$5

-$4

-$3

-$2

-$1

$0

Story of the Last Four Years: Cuts

FY 2017Budget Cuts

FY 2018 Budget Cuts

one-time

permanent

one-time

permanent

dollars in millions

-$3.0

permanent

-$6.0

Examine the Base: Efficiency & Effectiveness MeasuresDebt Deauthorization: 4 Year Total $230M

Partial List Fairfax Concert Hall $41.1MHousing IX $41.1MEconomics Building $30.7MParking Deck IV $27.2MSW Campus Dining $14.6M

Asset ReutilizationMason Inn Conversion Historical Loss $12MMason Hall Phase I & II Cost Avoidance $13MScience & Technology CampusBroadlands Properties TBD

Base Budget Reductions & Reallocation 5 Year Total $33.1M

No Added Debt FY 2015, 2016, 2017 $0

FY 2

013

-201

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*Commonwealth budget revisions after appropriations

AA- Aa3

A+ A1A A2A- A3

BBB+ Baa1


STABLE FINANCIAL RATINGS IN 2017

January 2017Received Two

RatingsGMUF’s Prince William Lab LLC Refunding Bonds

Key Challenge

How does MASON remainACCESSIBLEAFFORDABLE HIGH QUALITY

with a great ROI?

Balanced BudgetModerate Tuition Increase

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Mason Priorities

Increase Student Financial Aid

Attract & Retain Top Talent

Multidisciplinary Research Institute for Biomedical Innovation

Career-ready graduates with equitable resources to support enrollment growth

Governor’s Amended

Increase undergraduate

financial aid $3.1M

1.5% One-Time Bonus

Block Grant - $1.25M for IBI Initiative

-$9.3M budget reduction

Conference Amendments

Increase undergraduate

financial aid $3.1M

2% Faculty* and 3% Classified Staff

Salary Increase

Block Grant - $1.25M for IBI Initiative

-$6.9M budget reduction

FY 2018 PROPOSED BUDGET AMENDMENTS

Amendments are subject to change and Governor’s line item veto.

*Faculty salary has allowance for an additional 1% increase IF funded 100% from University funds.

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MASON MAGICDEDICATED FACULTY & STAFF &

AWESOME STUDENTS!

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INSTRUCTIONAL FACULTY MARKET TREND

$101,589 $102,896$105,948

$94,716 $94,194 $95,508

32.9% 29.2%22.6%

$70,000

$90,000

$110,000

0%

20%

40%

60%

80%

100%

Fall 2013 Fall 2014 Fall 2015

MASON AVERAGE FACULTY SALARY AND PERCENTILE RANK AMONG PEER INSTITUTIONS

ALL RANKS

SCHEV Conventional Goal (60th Percentile of Peers) Mason Average Salary Mason Salary Percentile Rank

Percentile Rank


FY 2018 TUITION STRATEGY FOCUS

STRATEGIC PLANFACULTY/STAFF

Stay Mason

Financial Aid

Student Experience

Compensation

Disability Insurance

Healthcare

Well-being Initiatives

Student Experience

IT Infrastructure

Research

Innovation

TBD

STUDENTS

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PRICING STUDY MAJOR FINDINGS


FY 2018Mason can increase:• resident tuition a moderate amount• nonresident tuition, with discounting• funds for most needy - Stay Mason

Examine the credit hour windowEnhance summer offerings Support financially needy studentsInvest in Information Technology InfrastructureFocus on recruitment and retention, new and existing

FY 2019 AND BEYOND

A mind that is stretched by a new experience can never go back to its old dimensions.

Oliver Wendell Holmes. Jr.


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