Their are very few institutions that are completely need blind. So, based on our calculations, we try to meet individual students needs.
#KERI A FAZIO BRYN MAWR COLLEGE ADDRESS FULL#
I’m sure it still feels like a lot, but actually a lot of the money we have is financial aid, so we are committed to meeting full needs. But over the last 5 or 6 years after the global recession, the average increase has been about 3 and a half percent. We’re not for profit, but we also can’t lose money, or we wouldn’t stay in business very long. We are sensitive to families’ and their financial situations, and seeing as tuition/room/board rates reflect that, but it also has to reflect the fact that we have rising costs.
30 percent is endowments, and other gifts and grants makes up about 15 percent. We spend about 117 million a year running the college, and only 49 or 48 percent comes from students and families so about 50 percent of the money comes from other sources such as endowment or donations. But overall, every year the amount that we invest in running the college increases a little bit.
Kari Fazio: Admissions is more Pelema’s area than my area. Kari Fazio: The primary expense is the compensation, like most other departments, so like the people who run it.Įlizabeth Vandenberg ‘16: I think that for all college students in the US, the rising tuition has been a hot topic, seeing as BMC is no longer need blind…Įlizabeth Vandenberg ‘16: Oh, thanks! So, how is tuition determined, and how is it factoring into who gets admitted?
We will have a meeting later on where we discuss our decisions, but we’ll keep you updated. We aren’t being dictated to save money solely on the health center, but we have a lot of support and outside resources that help us out. Kari Fazio: We currently have a task force set up for this, it’s not financially driven, but it’ll have financial implications. Kari Fazio: Like how much money we invest in that area? I’m not familiar with the distribution of finances, but I’m curious to see the finances of the health center. Prerana Vaddi ‘16: I actually have a question about the health center. What do you think are the biggest financial challenges of the organization? I’ve only been here for 6 months, so anything I don’t know, I’ll get back to you on. Kari Fazio: We can talk about anything you guys want to talk about today. Please use “I” statements, remember not to attack people- you can disagree with opinions, but make sure you know that difference. Tonja Nixon ‘15: So before we get started, we’re going to go over suggested guidelines. Mary Cooper (Guest- Admitted student) (she/her)Ĭassidy Groubargh (Guest- Admitted student) (she/her)Īssata Aceyacey (Guest- Admitted student) (she/her) Rachel Rudnicki (Guest- Prospective student) (she/her) Tara Holman (Guest- Admitted student) (she/her) Nikitha Shakamuri (Guest- Admitted student) (she/her) Lillian Oyen-Ustad (Guest- Admitted student) (she/her) Kari Fazio (Endowment and Revenue) (she/her) Present: Anna Kalinsky, Delaney Williams, Kristian Sumner, Chanel Williams, Aleja Newman, Odeymarys Garrido, Ann Tran, Connie Lam, Shaina Robinson, Lyntana Brougham, Carly Breen, Melanie Bahti, Rachel Feynman, Prerana Vaddi, Leah Kahler, Olivia Hollinger, Sofia Oleas, Shakari Badgett, Rhea Manglani, Brenna Levitin, Paola Bernal, Modupe Olufemi, Mikah Farbo, Makala Forster, Stephanie Montalvan, Lindsay Burak, Nkechi Ampah, Catherine Wagner, Anna Sargeant, Pamudu Tennakoon, Pam Gassman, Dijia Chen, Swetha Narasimhan, Xavia Miles, Ava Hawkinson, Matison Hearn-Desautels, Miranda Smith, Julie Henrikson.Ībsent: Heidi Gay, Joy Chan, Natalie DiFrank, Marian Slocum, Grace Kim, Julia Kim, Dani Weismann, Leigh Peterson, Angie Koo, Gabrielle Crossnoe, Sneha Bendapudi, Jillian Moroney, Elaine Holehan, Alexis McDonald. Prefaced by the minutes from the “Big Cheese Forum”
Bryn Mawr College SGA Meeting – April 19, 2015
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