Table 6
Scenario Analyses for Achieving Full Funding
|
Option |
Enrollment Mix (FTE %) |
Total FTEs |
FTE Enrollment |
Formula Funding ($million/year) |
||||||
|
Four-year |
Two-year* |
LSU |
Other Four-year |
ALL Four-year |
Two-year* |
Total Required |
Current Actual |
New |
||
|
Current Situation |
77% |
23% |
169,000 |
29,000 |
102,000 |
131,000 |
38,000 |
940 |
679 |
261 |
|
1.Full Funding with No New Money |
60% |
40% |
125,000 |
22,000 |
53,000 |
75,000 |
50,000 |
674 |
679 |
(5) |
|
2.Full Funding Under Current Formula |
60% |
40% |
157,000 |
25,000 |
69,000 |
94,000 |
63,000 |
841 |
679 |
162 |
|
3.Full Funding with LSU @ National Target |
60% |
40% |
157,000 |
25,000 |
69,000 |
94,000 |
63,000 |
877 |
679 |
199 |
* Community and Technical Colleges.
Assumptions:
a. Spending at the southern average for all institutions (i.e., fully funded system), except as otherwise noted.
b. BOR weighted average funding targets employed for four-year and two-year institutions (except LSU national target).
c. No change in SREB institutional classifications.
d. No change in relative enrollments among four-year institutions, except for LSU.
e. No change in relative enrollments among two-year institutions, including technical college.
f. Latest SREB FTE values employed (lower than actual present values, but comparable to other values in report).
g. For option 3, LSU weighted average tuition increased by $1,000/year (in-state tuition increase would be less).
h. Total current funding excludes LSU Ag Center, line-item research activities (e.g., LUMCON), medical schools, the vet school and TOPS.
Weighted Average Funding Targets per FTE ($/FTE, based on BOR formula except for LSU national target), excluding tuition:
| LSU (current target) |
7,537 |
|
| LSU National Target |
9,000 |
(assumes $1,000 increase in weighted average tuition level) |
| Other four-year (weighted average) |
5,461 |
|
| Two-year (weighted average) |
4,372 |