DePaul University: Finance Howard Heevner Ryan Service Edward Smith

DePaul University Mission 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 University 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 10 th largest private university Princeton Review #1 diverse student population World Report #1 in undergraduate student satisfaction with college experience (2004)

DePaul University Demographics 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 University 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 362 nd for total cost of attendance 369 th faculty compensation

DePaul University Tuition increases Full time undergraduate tuition 27% increase between ‘03 and ‘ $18, $19, $20, $22, $23,895

DePaul University Financial Aid Average% of Attendees Federal Grant Aid $3,72426% State & Local Grant Aid $3,86438% Institutional Grant Aid $8,78468% Student Loan Aid$4,64553% Any financial aid type 80%

DePaul University Financial Aid (cont.) FederalState of Illinois The University OtherTotal 2003$141,043,000$18,889,000$60,943,000$17,984,000$238,859, $154,671,000$18,274,000$71,241,000$26,648,000$270,834, $157,878,000$17,755,000$77,472,000$31,434,000$284,539, $158,533,000$17,001,000$80,110,000$36,449,000$292,093, $172,124,000$19,377,000$85,011,000$31,969,000$308,481,000

DePaul University National Trends Who pays for higher education and how we pay Student- Tuition (increase of 145% from vs. income at 23%) Student Aid-Loans, grants, work study Loans makes up over 69% of student federal aid 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 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 University Recommendations 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 University References About DePaul. (2008). Retrieved December 4, 2008 from, DePaul Univeristy. (2008). Retrieved December 4, 2008 from, 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. (2 nd ed., pp ). 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. (2 nd ed., pp ). 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 University Questions?