Florida Adds Up Cost for University Degrees
Florida News ı By USA Herald
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By LLOYD DUNKELBERGER
THE NEWS SERVICE OF FLORIDA
©2017 The News Service of Florida. All rights reserved. Posting or forwarding this material without permission is prohibited. You can view the Terms of Use on our website.
THE CAPITAL, TALLAHASSEE, April 10, 2017......... The average "net" cost for students earning baccalaureate degrees at Florida universities last year was $14,820, according to a new measurement that will be used to evaluate the schools this summer.
The net cost represents tuition, fees and textbook expenses offset by scholarships and grants. In the 2015-16 academic year, the costs for earning a degree with 120 credit hours of classes ranged from $5,920 at New College of Florida to $18,790 at Florida Gulf Coast University, according to the university system's Board of Governors.
The average system-wide cost has declined 2 percent since the 2013-14 academic year, when it was $15,110.
The board agreed to switch from a "cost to the institution" measurement for awarding bachelor's degrees to a "cost to the student" in November. The new student-cost metric was included in the board's annual system-wide accountability report, which was approved on March 30.
It will be used in the Board of Governors' annual performance-funding evaluations this summer. During that process, all 12 universities will be evaluated on the student-cost-for-a-degree metric as part of more than a dozen measurements used to rank the universities. The rankings are important because the three lowest-performing schools will not be eligible in 2017-18 for state performance funding, which amounted to $225 million this year.
The new measurement is in line with Gov. Rick Scott's call for more "accountability and transparency" in higher-education costs. As well as supporting the expansion of Bright Futures scholarships to the summer semester, Scott has asked universities and state colleges this year to hold the line on tuition and fee increases in the coming year. Neither the House nor Senate budget bills include a tuition hike.
Scott has also backed efforts to reduce the cost of textbooks for students. The new metric includes the textbook costs along with tuition and fees for the "sticker price" of baccalaureate degrees. It does not, however, include costs such as student housing and transportation.
In the formula, the "sticker price" of the degree is offset by grants and scholarships the students receive but do not have to pay back, unlike loans. These offsets include the Bright Futures merit scholarships as well as the federal needs-based Pell grants, which were used by 39 percent of Florida university students in the fall of 2015.
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