Key assumptions used in the University’s budget-setting and planning work are set in the Priorities Committee process. Recent years’ parameters are displayed below.
| Historical | ||||||
| FY19 | FY20 | FY21 | FY22 | FY23 | ||
| Fee Package* | 65,810 | 69,020 | 71,710 | 74,190 | 76,040 | |
| Tuition | 49,450 | 51,870 | 53,890 | 56,010 | 57,410 | |
| Room | 9,520 | 10,090 | 10,480 | 10,690 | 10,960 | |
| Board | 6,840 | 7,060 | 7.340 | 7,490 | 7,670 | |
| Year-over-year | 4.90% | 4.88% | 3.90% | 3.46% | 2.49% | |
| Endowment Inflator Rate | ||||||
| Gross | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | |
| Net | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | |
| Academic Allowance Inflator** | 2.40% | 1.90% | -1.00% | 5.20% | 6.20% | |
| Benefits Rates | ||||||
| Administrative | 29.0% | 26.6% | 27.5% | 28.4% | 29.3% | |
| Academic | 36.0% | 33.9% | 34.1% | 35.5% | 36.0% | |
*FY21 fee package before at-home discounts were applied.
**FY23 standard inflation was reset to 6.2%, from 5.0% to reflect the mid-year salary increase.