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FY12 Performance Dashboard Table of Contents

Western Illinois University Dashboard
Affordability and Financial Strength
Updated July 2012




Western Illinois University All-Cost Increases,
Changes in the Higher Education Price Index,
and Changes in Annual State Appropriations
Fiscal Years 2006 to 2010

  2008 2009 2010 2011
Average Four-Year All-Costs Increase 2.7% 1.8% 1.5% 1.2%
Average Four-Year Increase in the Higher Education Price Index 5.0% 2.3% 0.9% 2.6%
One-Year Change in State Appropriations (operating) 1.9% 2.8% 0.0% (6.2%)

 

Percent of Western Illinois University Graduates with Loans
and the Average Debt Load of Graduating Students with Loans

Fiscal Years 2007 to 2011

  2008 2009 2010 2011
Percent of Graduates with Loans 62% 67% 60% 66%
Average Debt Load $16,400 $17,272 $17,567 $23,227

 

  Percent of Graduates with Loans and the
Average Debt Load of Graduating Students with Loans

Fiscal Year 2010

  WIU Low Average High
Illinois Public University Subset        
Percent of Graduates with Loans 69% 13% 59% 82%
Average Debt Load $22,007 $10,976 $20,090 $27,322
All Illinois Public Universities*        
Percent of Graduates with Loans 69% 13% 59% 82%
Average Debt Load $22,007 $10,976 $21,340 $27,322

*Governors State University and Southern Illinois University-Edwardsville did not report data.

 

Percent of Graduates with Loans

Fiscal Year 2010

College of Charleston 42%
Sam Houston State 46%
James Madison 50%
Montclair State 50%
Western Washington 50%
Appalachian State 55%
Central Washington 55%
Western Kentucky 58%
Eastern Illinois 68%
Missouri State 69%
Western Illinois 69%
Wisconsin-Whitewater 69%
Northern Iowa 76%

Average Debt Load

Fiscal Year 2010

Sam Houston State $7,602
Montclair State $8,947
Appalachian State $16,130
Western Washington $17,652
Central Washington $18,392
Western Kentucky $19,403
James Madison $20,417
College of Charleston $20,541
Missouri State $21,359
Western Illinois $22,007
Wisconsin-Whitewater $22,403
Eastern Illinois $22,812
Northern Iowa $25,735

 

On the Quad Cities campus, the average debt load of 2010 graduates was $17,852. The average debt includes all loans from previous institutions, and is one-third of local private, four-year institutions.

Percent of Graduates with Loans

Fall 2010

Western Illinois-Quad Cities 91%
St. Ambrose 78%
Illinois-Springfield 61%
Pennsylvania State-Harrisburg NA

Average Debt Load

Fall 2010

St. Ambrose $32,530
Western Illinois-Quad Cities $17,852
Illinois-Springfield $17,335
Pennsylvania State-Harrisburg NA

 

While maintaining commitments to affordability, it is important to note a fundamental change in state financing of Illinois public higher education. Annual state operating appropriations are below Western’s all-costs increases and the Higher Education Price Index. This, coupled with unfunded state mandates, has made the University increasingly reliant on the University Income Fund. State appropriations now account for less than one-half of the University’s annual general revenue appropriation.

Western Illinois University Appropriation History*
Fiscal Years 2008 to 2012

  2008 2009 2010 2011 2012
Total Appropration $118.3 $121.9 $123.9 $123.9 $127.0
Percent Change 7.8% 3.1% 1.6% 0% 2.5%
General Revenue Fund $58.3 $59.9 $59.9 $56.2 $55.5
Percent Change 1.9% 2.8% 0.0% (6.2%) (1.2%)
University Income Fund $60.0 $62.0 $64.0 $67.7 $71.5
Percent Change 14.3% 3.3% 3.2% 5.8% 5.5%
Income Fund Percent Total 50.7% 50.9% 51.7% 54.7% 56.3%

*$ reported in millions

 


Western Illinois University Financial Ratios Reported to the Higher Learning Commission
North Central Association of Colleges and Schools

Fiscal Years 2005 to 2011

 
  2008 2009 2010 2011
Primary Reserve Ratio
0.167 0.061 0.209 0.252
Net Operating Reserve Ratio 0.014 0.006 0.039 0.061
Return on Net Assets Ratio 0.052 0.026 0.132 0.180
Viability Ratio
0.730 0.800 0.966 0.758

 The Primary reserve ratio demonstrates increasing or decreasing financial strength. The net operating revenue identifies institutional surplus which enables the University to carry forward funds in conjunction with limitations established in Illinois statutes for public institutions. The viability ratio identifies expendable net assets to satisfy debt obligations.

 

Instructional Costs per Credit Hour at Illinois Public Universities
Fiscal Years 2007 to 2010

 
  2007 2008 2009 2010
Chicago State
$323.57 $324.20 $343.58 $309.30
Eastern Illinois $247.15 $262.43 $268.70 $270.80
Governors State $314.03 $313.87 $324.60 $309.84
Illinois State $235.88 $243.58 $257.72 $260.18
Northeastern Illinois $237.91 $255.41 $271.20 $263.09
Northern Illinois $244.96 $265.46 $278.29 $269.71
Southern Illinois-Carbondale $283.79 $294.79 $304.92 $311.12
Southern Illinois-Edwardsville $227.40 $236.75 $246.60 $232.22
Illinois-Chicago $321.29 $324.64 $338.75 $314.44
Illinois-Springfield $313.24 $346.59 $334.89 $327.87
Illinois-Urbana/Champaign $327.46 $343.15 $336.21 $330.45
Western Illinois $235.21 $250.82 $267.16 $275.31
State Average $279.58 $292.74 $300.52 $293.95

 

Percent WIU is Below State Avg in Instructional Costs per Credit Hour

 

 

Administrative Costs per Credit Hour at Illinois Public Universities
Fiscal Years 2008 to 2010

 
  2008 2009 2010
Chicago State
$130.16 $137.81 $82.93
Eastern Illinois $75.87 $79.53 $75.35
Governors State $129.85 $134.07 $119.49
Illinois State $76.59 $84.67 $85.35
Northeastern Illinois $66.11 $68.42 $73.13
Northern Illinois $91.89 $95.17 $95.63
Southern Illinois-Carbondale $87.58 $84.46 $84.34
Southern Illinois-Edwardsville $65.28 $64.03 $58.36
Illinois-Chicago $70.81 $75.81 $70.51
Illinois-Springfield $121.33 $116.76 $101.60
Illinois-Urbana/Champaign $77.70 $77.88 $77.93
Western Illinois $63.55 $68.90 $68.70
State Average $80.38 $82.82 $79.64

 

Percent WIU is Below State Avg in Administrative Costs per Credit Hour