DePaul University: Finance Howard Heevner Ryan Service Edward Smith.
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Transcript of DePaul University: Finance Howard Heevner Ryan Service Edward Smith.
DePaul University: Finance
Howard HeevnerRyan Service
Edward Smith
DePaul University DePaul University Mission StatementMission Statement
This mission statement embodies the principal purposes of DePaul University. As such it is the nexus between past, present and future; the criterion against which plans are formulated and major decisions made; the bond which unites faculty, students, staff, alumni, and trustees as an academic community. As a university, DePaul pursues the preservation, enrichment, and transmission of knowledge and culture across a broad scope of academic disciplines. It treasures its deep roots in the wisdom nourished in Catholic universities from medieval times. The principal distinguishing marks of the university are its Catholic, Vincentian, and urban character.
DePaul UniversityDePaul UniversityFacts Facts
Located in Chicago, IL
Metropolitan, Lincoln Park, Downtown, 4 suburban locations
Based quarter system
Founded 1898; was the little school under the ‘el’
Vincentian Order of the Catholic Church
882 full time faculty members; 700 part time faculty members
Largest Catholic University
10th largest private university
Princeton Review #1 diverse student population
World Report #1 in undergraduate student satisfaction with college experience (2004)
DePaul UniversityDePaul UniversityDemographicsDemographics
One–third student population are students of color
One–fourth of incoming first year students class qualify for pell assistance in 2007
Roughly 30% of incoming first year students are first generation students
55% of students women
DePaul UniversityDePaul UniversityDemographics (cont.)Demographics (cont.)
15,024 undergrad students
7,353 graduate students
1,024 law school students
Member of the Big East Athletic Association
Commerce, Law, Liberal Arts and Sciences, Computer Technology and Information, Communication, New Learning, Education, Music, Theatre
362nd for total cost of attendance
369th faculty compensation
DePaul UniversityDePaul UniversityTuition increasesTuition increases
Full time undergraduate tuition
27% increase between ‘03 and ‘07
2003 $18,810
2004 $19,760
2005 $20,960
2006 $22,440
2007 $23,895
DePaul University DePaul University Financial AidFinancial Aid
Average % of Attendees
Federal Grant Aid
$3,724 26%
State & Local Grant Aid
$3,864 38%
Institutional Grant Aid
$8,784 68%
Student Loan Aid
$4,645 53%
Any financial aid type
80%
DePaul University DePaul University Financial Aid (cont.)Financial Aid (cont.)Federal State of
IllinoisThe
UniversityOther Total
2003 $141,043,000 $18,889,000 $60,943,000 $17,984,000 $238,859,000
2004 $154,671,000 $18,274,000 $71,241,000 $26,648,000 $270,834,000
2005 $157,878,000 $17,755,000 $77,472,000 $31,434,000 $284,539,000
2006 $158,533,000 $17,001,000 $80,110,000 $36,449,000 $292,093,000
2007 $172,124,000 $19,377,000 $85,011,000 $31,969,000 $308,481,000
DePaul University DePaul University National TrendsNational Trends
Who pays for higher education and how we pay Student- Tuition (increase of 145% from 1980-2003 vs. income
at 23%) Student Aid-Loans, grants, work study
Loans makes up over 69% of student federal aid 1990-2000 Tuition increases showing shift from tax payers
funding higher education to students Private university tuition up 77% Public university tuition up 84%
Parents-Tuition assistance to students State and Federal Government-Taxes, accountability, decreases
in funding, “budget balancer” Tax breaks for students and institutions Direct Funding Student Aid R and D
DePaul University DePaul University National Trends (cont.)National Trends (cont.) Private donations
Corporate research partnerships
Overall Revenue Sources for both Public and Private Institutions
35%-State Government
16%-Federal Government
38% -tuition and fees
11%-other sources (corporate partnerships, donations)
DePaul UniversityDePaul UniversityRecommendationsRecommendations
Plank V of 2012 Strategic Plan is Strengthen Financial Position – we think this is good
With DePaul’s students reliance on student loans increasing financial aid support from private sources needs to increase
Increase collaboration with other Chicago institutions
Continue to support the mission and not let financial hardships deter that support
Exploit marketing opportunities within their niche populations and not deviate from what made them DePaul
DePaul UniversityDePaul UniversityReferencesReferences
About DePaul . (2008). Retrieved December 4, 2008 from, http://www.depaul.edu/about/index.asp
DePaul Univeristy. (2008). Retrieved December 4, 2008 from, http://www.stateuniversity.com/universities/IL/DePaul_University.html
Gladieux, L. E., King, J. E, & Corrigan, M. E (2005). The federal government and higher education. In P. G. Altbach, R. O. Berdahl, & P. J Gumport (Eds.), American higher education in the twenty-first century. (2nd ed., pp. 163-197). Baltimore: The Johns Hopkins University Press.
Johnstone, D. B. (2005). Financing higher education: Who should pay? In P. G. Altbach, R. O. Berdahl, & P. J Gumport (Eds.), American higher education in the twenty-first century. (2nd ed., pp. 369-392). Baltimore: The Johns Hopkins University Press.
McGuinness,Jr., A.C. (2005). The States and Higher Education. In P. Altbach, R. Berdahl & P. Gumport (Eds.), American Higher Education in the Twenty-First Century (2nd ed., pp. 198–225). Baltimore: The Johns Hopkins University Press.
DePaul UniversityDePaul UniversityQuestions?