Average Support Cost Per Full-Time Equivalent Student and Sources of Funds
The total support cost per full-time equivalent student (FTES) includes the expenditures for current operations, including payments made to students in the form of financial aid, and all fully reimbursed programs contained in state appropriations. The average support cost is determined by dividing the total cost by the number of FTES. The total CSU 2014/15 budget amounts were $2,399,439,000 from state General Fund (GF) appropriations (not including GF debt service) and before adding $71.1 million CalPERS retirement adjustment, $1,592,256,000 from tuition fee revenue and after tuition fee discounts (forgone revenue), and $453,018,000 from other fee revenues for a total of $4,444,713,000. The 2014/15 resident FTES target is 346,050 and the nonresident FTES based on past-year actual is 15,568 for a total of 361,618 FTES. The GF appropriation is applicable to resident students only whereas fee revenues are collected from resident and nonresident students. FTES is determined by dividing the total academic student load (e.g. 15 units per semester) (the figure used here to define a full-time student’s academic load).
The 2014/15 average support cost per FTES based on GF appropriation and net tuition fee revenue only is $11,324 and when including all sources as indicated below is $13,396, which includes all fee revenue (e.g. tuition fees, application fees, and other campus mandatory fees) and debt service in the CSU Operating Fund. Of this amount, the average net tuition and other fee revenue per FTES is $5,643.
|State Appropriation (GF)1||2,399,439,000||6,934||51.8%|
|General Fund Debt Service2||296,316,000||819||6.1%|
|Net Tuition Fee Revenue3||1,592,256,000||4,390||32.8%|
|Other Fees Revenue3||453,018,000||1,253||9.3%|
|Total Support Cost||4,741,029,000||13,396||100.0%|
1Represents state GF appropriation in the Budget Act of 2014/15; GF is divisible by resident students only (346,050 FTES) and does not include General Fund Debt Service.
2A major change in the CSU budget appropriation beginning in 2014/15 is the fold in of state General Obligation bond debt service expense ($197.2M) into the CSU main appropriation and movement of CSU lease revenue bonds debt service from a separately identified appropriations item to the CSU main appropriation item ($99.1M).
3Represents CSU Operating Fund, Tuition Fee and other fees revenue amounts (net of tuition fee discounts) submitted in campus August 2014/15 final budgets. Revenues are divisible by resident and nonresident students (361,618 FTES).
The average CSU 2014/15 academic year, resident, undergraduate student basic tuition fee and other mandatory fees required to apply to, enroll in, or attend the university is $6,759 ($5,472 tuition fee plus $1,287 average campus-based fees). However, the costs paid by individual students will vary depending on campus, program, and whether a student is part-time, full-time, resident, or nonresident.