Grass, buildings, dorms? Where our tuition is going
The Institutional Priorities Committee, the primary planning and budgeting group of the University, presented an overview of their preliminary budget recommendations for the next academic year on Tuesday, Feb. 24.
IPC Chair Dr. Farley Staniec discussed approved Strategic Investment Fund proposals, such as new programs Pacific plans to invest in. The new programs, such as food studies, are expected to become self-sustaining after three years. If not, they will be eliminated.
By broadening the University’s initiatives, explained Staniec, they enhance educational opportunities for students in this region while also increasing campus visibility.
Pacific President Pamela Eibeck touched on a new housing initiative, which was further discussed by CFO and IPC Vice Chair Ken Mullen. Compared to the University’s peers, the residential facilities are behind by 20 years, so they will be updated. Because the project will require significant investments, Pacific plans to borrow money.
IPC examines incremental cost increases based on the previous year’s allocations and tries to find incremental sources of revenue to cover them. Farley acknowledged that it was not the most efficient budgeting method and that they are thinking about adopting a new model.
IPC recommended the University expect 945 freshmen to enroll next academic year. The University revealed this year’s 3.8 percent increase in tuition rates were proportional to other comparable colleges.
Provost Maria Pallavicini elaborated on the details of the McGeorge Action Plan, which will pull some of its funding from SIF. Due to an expected drop in enrollment, the University hopes to attract more students by focusing on three areas, such as employing strategic marketing to rebrand the law school in Sacramento, Calif. The city of 2.3 million residents is “poised for substantive growth,” stated Pallavicini. The Plan calls for a practice-ready curriculum, with an emphasis on programs in environment, water and capital lawyering. Lastly, the University will expand the career placement and networking opportunities of McGeorge School of Law students.
IPC is composed of Pacific President Eibeck, the provost and vice presidents, five faculty members, two deans, a staff member, two students, two administrative representatives and a representative of the School of Law and the Arthur A. Dugoni School of Dentistry, if those schools are not represented in other positions.
After receiving campus input following the meeting, IPC submits their recommendations to Pacific President Pamela A. Eibeck, and she forwards her recommendations to the Board of Regents, who vote on it in April.
If you would like to share your comments concerning IPC’s recommendations, please forward them to IPC@pacific.edu.
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