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University of Minnesota Duluth

Spring 2023 Town Hall

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Agenda

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  • Higher education landscape and implications for UMD
  • Budget and structural review plan
    • FY24 near term action plan
    • Mid term review and planning
    • Long term planning
  • Discussion

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Pricing vs. Public Competitors

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Challenges Across Higher Education

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FY24 Finances

  • Approximately $16.5 million deficit
    • $6.5 - $7 million from tuition shortfall
    • $7 million compensation and fringe
    • $2.5 - $3 million other

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  • Key assumptions:
    • Enrollment stabilizes
    • Legislature responsive to system ask
      • Flat/minimal tuition increase
      • System support and investment
    • Reallocations still occur

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Near Term (July 2023)

  • Tuition
    • Midwest Student Exchange Program rate replacement with Midwest in-state tuition rate (requested)
    • Dependent upon legislative action and BOR approval
  • Bridge funding FY23-FY25
    • Carryforward balance draws
    • Recurring and non-recurring financial support from system
  • Centralize faculty position pools to EVCAA for strategic allocation
  • Optimize financial aid/scholarship award process
  • Research, test, and then update UMD’s brand and value proposition
  • Enhance philanthropic efforts

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Mid Term Review and Planning (June 2023-June 2024)

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  • Academic efficiencies planning and implementation
    • Reduce low enrolled courses
    • Minimum/maximum class size parameters
    • Improvement of internal degree completion (e.g., identify and reduce barriers, DFW rates, average credit hours to complete degree)
    • Strategic and efficient deployment of scarce faculty resources to programs

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Mid Term (June 2023-June 2024)

  • International pathway programs
    • UMD to serve as system hub for accelerator
    • Increase direct international student recruitment (undergraduate and graduate)
  • Student success
    • Examine potential restructuring of professional and faculty advising
    • Streamline transfer student process
    • Student wellbeing
  • PEAK (Positioned for Excellence, Alignment and Knowledge)
    • Redeploy net productivity gains towards student success
    • Holistic review of administrative support functions and overall administrative structure

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Long Term (June 2024-June 2025)

  • Academic degree program array alignment
  • Explore cooperative academic ventures with other U of M campuses to increase enrollment (4+1 and collaborative programs between campuses)
  • Systemwide academic calendar
  • External pathway program development (external to UMD into UMD)
  • International degree program pathways (e.g., 2+2 collaborations)

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Key Challenges & Opportunities

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