University Planning

FY14 Performance Dashboard Table of Contents

Western Illinois University Dashboard
Affordability and Financial Strength
Updated December 2013




Western Illinois University All-Cost Increases,
Changes in the Higher Education Price Index,
and Changes in Annual State Appropriations
Fiscal Years 2011 to 2014

  2011 2012 2013 2014
Average Four-Year All-Costs Increase 1.5% 1.2% 1.2% 1.1%
Average Four-Year Increase in the Higher Education Price Index 0.9% 2.6% 1.7% 1.9%
One-Year Change in State Appropriations (operating) (6.2%) (1.2%) (6.1%) 1.3%

 

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

Fiscal Years 2010 to 2013

  2010 2011 2012 2013
Percent of Graduates with Loans 69% 66% 73% 82%
Average Debt Load $22,007 $23,227 $24,993 $25,187

 

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

Fiscal Year 2012

  WIU Low Average High
Illinois Public University Subset        
Percent of Graduates with Loans 73% 51% 66% 73%
Average Debt Load $24,993 $21,057 $25,602 $28,575
All Illinois Public Universities*        
Percent of Graduates with Loans 73% 51% 66% 73%
Average Debt Load $24,993 $21,057 $27,600 $37,824

*Governors State University did not report data.

 

Percent of Graduates with Loans

Fiscal Year 2012

College of Charleston 48%
Appalachian State 54%
James Madison 54%
Western Kentucky 55%
Western Washington 55%
Sam Houston State 63%
Central Washington 66%
Wisconsin-Whitewater 72%
Eastern Illinois 72%
Western Illinois 73%
Northern Iowa
77%
Missouri State NA
Montclair State NA

Average Debt Load

Fiscal Year 2012

Appalachian State $20,016
Western Washington $20,473
Missouri State $20,545
Central Washington $21,211
James Madison $22,792
Northern Iowa $23,575
Western Illinois $24,993
Wisconsin-Whitewater $25,147
Sam Houston State $26,490
Western Kentucky $26,974
Eastern Illinois $28,575
College of Charleston $32,880
Montclair State NA

 

On the Quad Cities campus, the average debt load of 2011 graduates was $19,060. The average debt includes all loans from previous institutions, and is one-third of local private, four-year institutions.

Percent of Graduates with Loans

Fiscal Year 2012

Illinois-Springfield 66%
Augustana 71%
Western Illinois-Quad Cities
77%
Saint Ambrose 80%
Pennsylvania State-Harrisburg NA

Average Debt Load

Fiscal Year 2012

Western Illinois-Quad Cities $18,113
Illinois-Springfield $24,657
Augustana $34,120
Saint Ambrose $37,236
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 2010 to 2014

  2010 2011 2012 2013 2014
Total Appropration $123.9 $123.9 $127.0 $127.0 $125.6
Percent Change 1.6% 0.0% 2.5% 0.0% (1.1%)
General Revenue Fund $59.9 $56.1 $55.5 $52.1 $52.8
Percent Change 0.0% (6.2%) (1.2%) (6.1%) (1.3%)
University Income Fund $64.0 $67.7 $71.4 $74.8 $72.8
Percent Change 3.2% 5.8% 5.5% 4.7% (2.7%)
Income Fund Percent Total 51.7% 54.7% 56.3% 58.9% 58.0%

*$ reported in millions

 


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

Fiscal Years 2009 to 2012

 
  2009 2010 2011 2012
Primary Reserve Ratio
0.061 0.209 0.252 0.273
Net Operating Reserve Ratio 0.006 0.039 0.061 0.043
Return on Net Assets Ratio 0.026 0.132 0.180 0.122
Viability Ratio
0.800 0.966 0.758 0.695

 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 2008 to 2011

 
  2008 2009 2010 2011
Chicago State
$324.20 $343.58 $309.30 $287.08
Eastern Illinois $262.43 $268.70 $270.80 $270.13
Governors State $313.87 $324.60 $309.84 $328.00
Illinois State $243.58 $257.72 $260.18 $267.13
Northeastern Illinois $255.41 $271.20 $263.09 $259.39
Northern Illinois $265.46 $278.29 $269.71 $282.36
Southern Illinois-Carbondale $294.79 $304.92 $311.12 $302.19
Southern Illinois-Edwardsville $236.75 $246.60 $232.22 $240.55
Illinois-Chicago $324.64 $338.75 $314.44 $342.14
Illinois-Springfield $346.59 $334.89 $327.87 $318.74
Illinois-Urbana/Champaign $343.15 $336.21 $330.45 $348.71
Western Illinois $250.82 $276.16 $275.31 $272.68
State Average $292.74 $300.52 $293.95 $303.41

 

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

 

 

Administrative Costs per Credit Hour at Illinois Public Universities
Fiscal Years 2009 to 2011

 
  2009 2010 2011
Chicago State
$137.81 $82.93 $106.40
Eastern Illinois $79.53 $75.35 $74.80
Governors State $134.07 $119.49 $125.05
Illinois State $84.67 $85.35 $88.86
Northeastern Illinois $68.42 $73.13 $71.80
Northern Illinois $95.17 $95.63 $97.75
Southern Illinois-Carbondale $84.46 $84.34 $81.76
Southern Illinois-Edwardsville $64.03 $58.36 $61.59
Illinois-Chicago $75.81 $70.51 $75.00
Illinois-Springfield $116.76 $101.60 $105.00
Illinois-Urbana/Champaign $77.88 $77.93 $84.38
Western Illinois $68.90 $68.70 $67.76
State Average $82.82 $79.64 $83.18

 

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