Higher Education Finance and Operations Committee | FY2025-26 Tuition and Fee Analysis
Explore the financial data and trends related to tuition, fees, inflation, and revenue in higher education for the fiscal year 2025-26. Understand the growth, adjustments, and changes in costs for various institutions. Dive into the factors influencing tuition revenue and inflation in the educational sector.
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Presentation Transcript
THEC FINANCE & OPERATIONS COMMITTEE REGULAR CALENDAR III. FY2025-26 Guiding Tuition and Fee Ranges (Action Item)
Sector Growth in Tuition and Fees 20% 18% Commission gains binding tuition authority. 16% 14% 12% 10% 8% 6% 4% 2% 0% 2002-03 2004-05 2006-07 2008-09 2010-11 2012-13 2014-15 2016-17 2018-19 2020-21 2022-23 2024-25 TCATs Universities Community Colleges
Inflation Adjusted Tuition and Fees Nominal costs are up, real costs are down. TCATs Community Colleges Universities $5,000 $6,000 $12,000 $5,000 $10,000 $4,000 Real costs at lowest level in a decade. $4,000 $8,000 Real costs at lowest level in a decade. $3,000 Real costs at lowest level in a decade. $3,000 $6,000 $2,000 $2,000 $4,000 $1,000 $1,000 $2,000 $- $- $- 2003-04 2013-14 2023-24 2003-04 2013-14 2023-24 2003-04 2013-14 2023-24
Annual Change in Consumer Price Index 10.0% Inflationary pressures are calming, still high. 8.0% CPI Core CPI 6.0% 4.0% 3.3% 2.4% 2.0% 0.0%
Higher Education Revenue & Inflation FY26 CORE CPI 3.3% Appropriation Estimate $40M Outcomes + $35M Salary = $75M FY25 State Appropriation Revenue $1.6B FY25 Total Revenue $3.4B Inflationary Growth $113M FY25 Tuition Revenue $1.8B FY26 Tuition Revenue $38M
5-Year Tuition Change in Public Two-Year Colleges Tennessee two-year tuition growth falls below the national average. The College Board, Annual Survey of Colleges.
5-Year Tuition Change in Public Four-Year Colleges Tennessee four-year tuition growth falls below the national average. The College Board, Annual Survey of Colleges.
Tuition and Mandatory Fees Academic Year 2024-25 Binding Range: 0.0% to 5.5% for all institutions Tuition (Maintenance) and Combined Tuition and Mandatory Fees Coupled with $58.0M appropriation + 4.4% inflation on core CPI Academic Year 2025-26 Guiding Range THEC Request of $40.0M and assumed 2.5% salary increase (estimated $35.0M) THEC Tuition model suggests 0.0% to 4.0% Considers stable enrollment patterns and 3.3% core CPI
Tuition and Mandatory Fee Scenarios 2025-26 Tuition & Fee Increase Scenarios 1% 2024-25 Tuition & Fees Increase Change Community College Average $5,003 $5,053 $50 TCATs $4,320 $4,363 $43 University Average $10,710 $10,817 $107
