BamaPactMom said, "Does anyone know the number of PACT enrolles at those schools? I asked Ivey but have received NO response from her office."
From my post on 4/23/09:
"Approximately 10% of the students at Alabama and Auburn are on the PACT,
http://www.ache.state.al.us/Notes&N … olders.pdf
"About 63 percent of all PACT recipients attend Auburn or the University of Alabama's main campus in Tuscaloosa, according to the fund, making up 10 percent of each school's student body. Fitch said talks have focused on those schools."
Only 912 of the early contract beneficiaries are currently attending college. How many later contract beneficiaries are currently attending?
http://m.montgomeryadvertiser.com/apps/ … ate=wapart
"Of the 6,292 who signed the "guaranteed payment" contract, 912 are currently in college, and 5,380 are not yet in college."
http://www.treasury.alabama.gov/pact/Do
090316.pdf
There is no way that we can figure exactly how many have already graduated or used their benefits because they could be purchased through 9th grade, and the report doesn't show cancellations. It appears there were appx. 75,999 purchased from 1990-2008 (feel free to correct my figures if my computer calculator keying is incorrect). There were 50,017 active contracts per this report at the end of 2008. If we use basic allocation, 912 currently enrolled of original 6292 "guaranteed" contracts, then there could be appx. 7250 students currently enrolled including the original contracts (912 / 6292 = x / 50,017). Again, using their 63% rate above, 7250 * .63 = 4568 attending UA or AU.
http://oira.ua.edu/factbook/2007-2008/2007p002.pdf
UA 2007-2008 "FTE Enrollment: 23,898"
http://www.auburn.edu/admissions/auburn
ofile.html
Auburn "Fall 2008 Enrollment Data...
Total: 24,530
Undergraduates: 20,037"
Using the 10% statistic quoted above, 23,898 + 20,037 = 43,935, and 43,935 at 10% would be 4,394. That would be pretty close to the 4,568 using the other method.
So, I guess we can assume between 4400 and 4550 or so are attending Alabama (not including UAB or UAH) or Auburn. Note that the statistics do not clarify if they are only including Tuscaloosa or the other campuses.
dhpeacher said, "I was under the impression that my five PACTS provided both tuition and fees! Has anyone else run into this?"
Mary said, "Fees are not paid by PACT (e.g., computer fees, lab fees, required application fees, etc). When my son was thinking about going to a community college this summer, I called PACT and they said that there would be no problem with the "eight semesters of fees" being reduced too soon because UA does not receive fee money (we paid all of the fees). SO, I don't know if that pre-arranged $6400/year between UA and PACT is supposed to cover "fees" also or not. I know that we had to pay for every "fee" billed."
From my experience, having dealt with both community college fees and four-year university fees on my daughters, the community college fees are mostly covered, NON-inclusive of parking or certain computer fees. Four year university fees are NOT covered.
http://www.treasury.alabama.gov/pact/Do
ndbook.pdf
From page 4:
"Qualified fees are specifically listed by category, as follows: Building fee, Facility fee, Technology fee, Learning Resource Fee, Administrative Fee, Registration Fee, Instructional Fee, Library Fee, Bond Reserve Fee, and General University Fee. These are the only fees that will be paid by PACT."
Additionally, it does NOT cover room, board, Dining Dollars ($300 per semester if taking over 9 semester hours at AL-required), parking permit (UA=$175, last year, I think), $220-2009-10. So, figure the only thing at a four-year university being paid by PACT would be the $3,520 according to their estimates for 09-10, leaving a balance of $6042 PER SEMESTER. If they pay the 2008-09 average in-state rate of
http://cost.ua.edu/undergraduate-budget09-10.htm
Alabama Resident
Tuition Estimate1 $ 3,520.00
Course Fees2 $ 250.00
Dining Dollars Account3 $ 300.00
Meal Plan4 $ 1,247.00
Residential Hall Room5 $ 3,475.00
Parking Decal6 $ 220.00
Books and Supplies $ 550.00
Totals7 $ 9,562.00
ALSO, FYI-------------------------------------------------------------------------
http://www.treasury.alabama.gov/pact/Do
ndbook.pdf
Page 7
"Payment for out-of-state and private schools is based on this weighted-average tuition. The weighted-average rates change January 1 of each year.
Rate per semester hour: $181.67"
If they pay the 2008 average in-state rate of
$181.67 x 12-17 hours (AL's current full-time),
$2,180.04 to $3,088.39 per the proposal,
we would owe an additional $1,339.96 (12 hours) to $431.61 (17 hours) per semester.
Using 15 (average full-time hours):
PACT, under the proposal, would pay $2,725.05 of $3,520 or a shortage of $794.95 for tuition.
Since most students average 15 hours per semester
1. Figure up your state tax from your 2008 tax form,
2. Multiply $794.95 x 2 semesters totalling $1,589.90 shortage on tuition (and, for personal budgeting, add the $12,084 in additional estimated costs),
3. Multiply by number of students.
COMPARE!!!
I'm sorry, but THIS IS NOT THE TUITION PACT I BOUGHT!!!!!