Click for Philadelphia, Pennsylvania Forecast
HOME ISSUE

CALENDAR

BETWEEN ISSUES ARCHIVE DEADLINES CONTACT US
 
 
Print This Issue
Front Page
Contents
Crimes
Directory
All About Teaching
Subscribe to E-Alamanc!
Staffbox
Guidelines
 

 

Trustees' Meeting Coverage

As the Trustees Executive Committee convened for their Stated Meeting last Thursday afternoon, Chairman James Riepe quipped that Penn's "greatest achievement" recently was naming Bono the Commencement speaker. President Judith Rodin called Bono "a major figure in human rights."

Dr. Rodin congratulated those responsible for the recent upgrade of Penn's long-term rating by Moody's to Aa3 from A1. Moody's cited Penn's "strong strategic planning focus, integrating academics, finances, and health system," as well as "excellent market position for large and diverse programs" and "financial resources provide moderate financial cushion for debt and operations," and finally, "four-year trend of positive margins reflects recovery of health system finances, though ongoing challenges remain."

Dr. Rodin also noted that two members of the English faculty won prizes at the 2003 National Book Critics Circle 30th annual awards ceremony. Paul Hendrickson won the Heartland Prize for non-fiction with Sons of Mississippi: A Story of Race and Its Legacy. Dr. Susan Stewart was recognized in the poetry category for her collection entitled Columbarium.

Dr. Rodin described the 40th Street community forum, which has been led by Penn Praxis of the School of Design in a "spirit of collaboration with the community" as a great success. She also said she was enthusiastic about the response to the new Penn Urban Research Institute.

Provost Robert Barchi said that the appointment of Dr. Richard Leventhal as the director of the Penn Museum is a result of a long international search. Dr. Barchi also noted gratitude to Dr. Jeremy Sabloff who moved the Museum forward, in infrastructure and in programs.

Dr. Barchi also said he was grateful to Dr. Sam Preston for his work as dean of SAS; a search committee is in the process of being set up since he will be stepping down in December.

Mr. Craig Carnaroli gave the financial report for the seven months ending January 31, 2004. He reported that for the consolidated University, total net assets increased, total operating revenue increased, and total expenses increased. The total endowment increased to $4.924 billion.

Dr. Arthur Rubenstein gave the Penn Medicine report: he mentioned that it was Match Day, the day medical students find out where they will go for their training. Of the 155 medical students, 24 will stay here for their training. He mentioned that the Mahoney Institute of Neurological Sciences had a day-long symposium to commemorate its 50th anniversary.

The resolution on tuition, fees and other student charges for academic year 2004-2005 was approved (see table below). For undergraduates, the total will be $39,634; for graduate and professional students, tuition will be "determined administratively to reflect the budget requirements of the various schools." The general fee for grad students will be $1,834 and for professional students it will be $1,448.

Penn freshmen receiving financial aid from Penn has increased from 39% in 1998-99 to 43.3% in 2003-04. The packages are mostly grants, with small loan and job components. This year, the average financial aid is more than $25,000.

The Trustees also passed three other resolutions to authorize the Vivarium and laboratory floor in the School of Veterinary Medicine's new building ($20 million); an infrastructure upgrade at the Museum ($5.3 million); and renovation to the second floor of Veterinary Medicine's Ryan Hospital ($1.2 million).

Academic Year 2004-2005 Undergraduate
Tuition, Fees and Room & Board Increases

 

 2003-2004

2004-2005

Increase

% Change

Total Charges

$37,960

$39,634

$1,674

4.4%

 Tuition

$26,282

$27,544

$1,262

4.8%

 Fees

$  3,036

$  3,172

$   136

4.5%

 Room*

$  5,130

$  5,336

$   206

4.0%

 Board*

$  3,512

$  3,582

$     70

2.0%

* Based on average standard room and the freshman meal plan.

 

Academic Year 2003-2004 Peer Institution
Undergraduate Total Charges Comparison

 

2003-04 Total

% Change vs. 2002-03

NYU

$39,406

6.3%

Washington U.

 38,909

5.5%

Columbia

 38,590

5.0%

Chicago

 38,403

4.6%

M.I.T.

 38,310

6.2%

Cornell

 38,283

4.1%

Georgetown

 38,242

4.6%

Penn

 37,960

4.8%

Brown

 37,942

4.4%

Harvard

 37,928

5.5%

Stanford

 37,905

4.9%

Johns Hopkins

 37,888

4.6%

Dartmouth

 37,770

5.0%

Duke

 37,555

5.0%

Northwestern

 37,491

5.6%

Yale

 37,000

4.6%

Princeton

 36,709

4.5%

 

Academic Year 2004-2005 Peer Institution
Undergraduate Total Charges Comparison

 

2003-04Total

2004-05 Total

% Change vs. 2003-04

NYU

$39,406

$41,258*

4.7%

Washington U.

 38,909

 40,838

5.0%

Columbia

 38,590

 40,404*

4.7%

Chicago

 38,403

 40,353

5.1%

Georgetown

 38,242

 40,317

5.4%

Cornell

 38,283

 40,099

4.7%

M.I.T.

 38,310

 39,900

4.2%

Brown

 37,942

 39,808

4.9%

Harvard

 37,928

 39,711*

4.7%

Johns Hopkins

 37,888

 39,656

4.7%

Penn

 37,960

 39,634

4.4%

Stanford

 37,905

 39,616

4.5%

Dartmouth

 37,770

 39,465

4.5%

Northwestern

 37,491

 39,478

5.3%

Duke

 37,555

 39,240

4.5%

Yale

 37,000

 38,850

5.0%

Princeton

 36,709

 38,357

4.5%

*  Not yet announced.  2004-05 Total is based on 4.7% projected increase.

 

Direct Revenue Sources

Direct Revenue

 

 


  Almanac, Vol. 50, No. 26, March 23, 2004

HOME ISSUE CALENDAR BETWEEN ISSUES ARCHIVE DEADLINES CONTACT US