April 2008. G UIDING P RINCIPLES  Our target is set at < 25 th percentile of other public medical schools in the Northeast region.  We will remain the.

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Presentation transcript:

April 2008

G UIDING P RINCIPLES  Our target is set at < 25 th percentile of other public medical schools in the Northeast region.  We will remain the lowest cost education in the Northeast, in keeping with our commitment to affordability and accessibility  Fee revenues will be dedicated to supporting educational quality and innovation: Examples include simulation, NBME assessments, standardized patients and OSCE resources, and new technologies such as computer based assessment, and on line learning.  Built into the fee increase is a proportionate increase in support for financial aid in the form of gift aid and scholarships, to hold student debt at current levels  Fundraising efforts for financial aid are ongoing and the launching of an endowment campaign for scholarship aid will provide additional funds to support scholarship aid.

EDUCATION MISSION REVENUE AND EXPENSES FY 2010 REVENUE$22,221,730 EXPENSES$66,727,557 Operating Income/(loss)($44,505,827) Margin%(200.3%) With State Appropriation and “Par Payment” REVENUE$22,221,730 CAMPUS REVENUE DISTRIBUTION $20,056,250 TOTAL REVENUE$42,277,980 EXPENSES$66,727,557 Operating Income/(Loss)($24,449,577) Margin %(110.0%)

UMMS IS 1O TH OF 10 NE P UBLIC S CHOOLS, 63 RD OF 75 PUBLIC SCHOOLS NATIONALLY Data Source: AAMC website Comparison Group Public, Northeast Year(s): 2010 Resident First Year Tuition, Fees, and Health Insurance Public, Northeast Average$28,222 Public, Northeast 75th Percentile$29,583 Public, Northeast Median$28,023 Public, Northeast 25th Percentile$26,795 Ranked By Resident First Year Tuition, Fees, and Health Insurance Vermont$29,583 Connecticut$29,576 UMDNJ New Jersey$29,412 Maryland$28,023 SUNY Upstate$27,350 Stony Brook$26,839 SUNY Downstate$26,795 Buffalo$26,095 Massachusetts$19,744 Uniformed Services-HebertNI

R ESIDENT F IRST Y EAR T UITION, F EES, AND H EALTH I NSURANCE D ATA S OURCE : AAMC WEBSITE C OMPARISON G ROUP : P UBLIC, N ORTHEAST Y EAR ( S ): 2010

I NCREASING C OST OF E DUCATION : NEW FACILITIES AND NEW CURRICULUM Major investments to the educational experience State of the Art Renovations –Anatomy Lab –ITLC –Small Group Study Rooms –Call Rooms The Albert Sherman Center –Space for Learning Communities –Amphitheater and Lecture Halls –Simulation Center and Standardized Patient Program –Fitness Center The new curriculum and LC mentors

THE SHERMAN CENTER

MULTI-PURPOSE ROOM SERVERY DINING SERVICE GLASS WASH ELEC MECH LOBBY KITCHEN

LEARNING COMMUNITIES LECTURE HALL VIVARIUM CELS / SIM MECH BRIDGE OPEN ATRIUM BRIDGE

CELS / SP FITNESS CENTER FUNCTION ROOM LEARNING COMMUNITIES LECTURE HALL ATRIUM BREAKOUT

Q UESTIONS ?