University of Wyoming getting less tuition revenue than expected
Strong enrollment at the University of Wyoming has been a point of pride for administrators the last two years, but the record freshman class this year hasn’t actually been that beneficial for UW’s tuition revenue.
“Even though we have a higher number of students enrolled in the University of Wyoming in this academic year, our net tuition revenue is lower than we had budgeted or anticipated,” David Jewell, associate vice president for budgeting and fiscal planning, told the board of trustees last week. “Our payer mix has shifted. We are awarding more aid and scholarships through the admissions process to non-resident students who are receiving those awards than our budget model in previous years would have anticipated.”
In the 2018 fiscal year, UW handed out $6.2 million in tuition waivers, with the Western Undergraduate Exchange accounting for $3.6 million and the Rocky Mountain Scholars accounting for $1.4 million of that.
During the same year, $23.5 million in institutional aid and $7 million in aid from the UW Foundation was handed out.
Read more: https://www.laramieboomerang.com/news/local_news/uw-getting-less-tuition-revenue-than-expected/article_2201d1a0-9fd7-56c6-8065-bcd3efa231f0.html