(2) The targets shown here are preliminary targets from the 2003-04 revenue projection, which has not been finalized.
(3) The tuition rates shown here are 2003-04 rates that the Board of Regents approved at its July 2003 meeting.

Part 3.  Projections to the end of the summer

(4) The projected changes are based on how categories shifted last year between this time and the final report.  
(5) Goals are set by the Enrollment Management Committee and reflect our need to achieve both FTE and revenue targets.

Highlights

• Our Fall 2003 total FTE target is 4,387 (up 30 from last year's target).  We have achieved that target.  We anticipated needing to enroll 4,577 FTE to reach our tuition revenue targets.  We have achieved that FTE figure, also.
  

• Compared to last week, totals in several categories have fallen slightly.  This is a normal pattern, tied to the timing of bills being sent, summer grades being posted, and school starting.  In the next few weeks, new international students will arrive and register, special students will enroll, students will add additional courses, and some students will add classes that take their load over 16 credits.  (Enrolling for more than 16 credits is not routinely permitted until opening day.)
  

• New student enrollments (freshmen and transfers combined) are projected to end with 1316 FTE, 2% over the goals set for new undergraduates.  Many of this year's 972 New Freshmen will move in to Residence Life tomorrow morning as Fall FOCUS activities get started.  This year's freshman class is larger than last year's, but not as large as classes that began in 1996, 1998 and 2000.  This year's transfer class, containing 463 students right now, is larger than last year's but typical of our recent years.  (The average number of transfers over the past five years is 460.)
  

• Continuing undergraduate FTE enrollments are coming in higher than the goal.  Retention is very strong.  Graduate student enrollments are also stronger than last year.
  

• Our tuition revenue target for 2003-04 has not been finalized.  In 2002-03, we overshot our fall FTE target but failed to achieve our tuition revenue target.  Because our students are taking heavier credit loads, it requires fewer students to achieve the FTE target.  Since tuition is generated on the basis of students (not FTEs), reducing the number of enrolled students depresses tuition revenues.  Achieving our tuition revenue target in 2003-04 will require enrolling more FTEs than are currently built into the target of 4387.  The goals documented in Part 3 (totaling 4577 FTE) are based on our need to reach the anticipated revenue target.  Any surplus revenue we generate this fall may be needed to offset last year's deficit.
  

Comparison Reports