OVERVIEW: TUITION DEREGULATION and TUITION SET ASIDES

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1 OVERVIEW: TUITION DEREGULATION and TUITION SET ASIDES FEBRUARY 2015 BACKGROUND In 2003 the 78th Texas Legislature passed House Bill (HB) 3015, allowing governing boards of public universities to set different designated tuition rates. There is no upper limit on the amount of designated tuition that a university may charge and the amounts may vary by program, course level, and academic period. Prior to 2003, the Texas Legislature had the regulatory authority to set tuition rates, generally mandating that the same statutory and designated tuition rate be charged across the state. In 2003, the 78th Legislature passed House Bill (HB) 3015, amending Texas Education Code (TEC) to allow governing boards of public universities to set different designated tuition rates. deregulation became effective Sept. 1, 2003, and universities began increasing designated tuition in spring FREQUENTLY ASKED QUESTIONS What are the different types of tuition charged to students enrolled at a public university? There are three types of tuition: Statutory : An amount of tuition set in statute (Texas Education Code (TEC) ) that institutions must charge resident or nonresident undergraduate students. Currently, the university rate is set at $50 per semester credit hour (SCH) for resident students, with higher rates for nonresident students. Effectively, statutory tuition mandates a minimum amount of tuition to be charged per semester credit hour, although students qualifying for certain statutorily-defined tuition exemptions may be charged less or nothing at all. Designated : TEC authorizes institutions other than public community colleges to impose on any graduate or undergraduate, resident or nonresident student, an additional tuition charge (i.e. in addition to statutory tuition) that the governing board of the institution considers necessary for the effective operation of the institution. This rate varies by institution. Board Authorized : A tuition charge authorized under TEC for graduate programs. s can set tuition at rates at least twice that of undergraduate tuition, and can set different rates among programs.

2 What other academic charges are paid by students? In addition to statutory and designated tuition charges, all students are assessed certain fees: Mandatory Fees are authorized by statute or by the governing board of an institution, and are charged to a student upon enrollment to provide services available to every student. Examples of such fees are library and laboratory fees, course and incidental fees collected under TEC 55.16(c), and other mandatory fees as authorized by the governing board of the institution. Course Fees are mandatory fees required of all students enrolled in a particular course, such as materials for a chemistry lab, or a discretionary fee required of students in a given course, or for students participating in a special activity, such as a parking fee. This includes fees for state-funded continuing education courses. Total Academic Charges are the total of all tuition, mandatory, and course fee charges for a student taking a given number of SCHs. It does not include textbook or other education related costs not directly tied to institutional charges. How much have tuition and fees increased since tuition deregulation? From fall 2003 through fall 2014, the statewide average total academic charges for a student taking 15 SCHs at a public university has increased by 112 percent (64 percent when adjusted for inflation). What have universities reported regarding how they are spending the additional tuition revenue? Universities report that tuition increases are providing a growing share of their operational income, using funds to recruit and retain faculty and staff, increase academic course offerings, lower student/teacher ratios, enhance student services such as academic and career counseling, maintain and improve facilities, pay increasing utility costs, service building debt, and provide additional financial aid to lower-and-middle-income students. How are universities held accountable for deregulated tuition? The Legislature provided that, as a condition of tuition deregulation, each university shall make satisfactory progress towards the goals provided in its master plan for higher education and Closing the Gaps, the state s plan for higher education. HB 3015 and section require each university to meet acceptable performance criteria, including measures such as graduation rates, retention rates, enrollment growth, educational quality, efforts to increase diversity, opportunities for financial aid, and affordability. What are tuition set-asides? In 1975, the Texas Legislature created the Texas Public Educational Grant (TPEG) program to provide grant assistance to students with financial need. To fund this program, public institutions of higher education are required to set-aside a portion of the statutory tuition they collect from students in order to make TPEG awards. The set aside amount is 15% of resident statutory tuition at universities, state and technical colleges, and 6% of resident statutory tuition at community colleges. In FY13, approximately $140 million in financial aid was awarded through TPEG. In deregulating tuition and allowing universities to set their own designated tuition rates, the Legislature also required universities to set-aside a portion of their designated tuition revenues for financial aid targeted to financially needy students. 2

3 Specifically, HB 3015 amended the Education Code by adding and , which require universities to set aside at least 15 percent of the amount of undergraduate and graduate designated tuition charged in excess of $46 per semester credit hour. This set aside is to be used to provide financial assistance for financially needy undergraduate or graduate students at the institution. In FY13, grant and scholarship aid awarded through HB 3015 set-asides totaled approximately $172 million. HB 3015 also required institutions to set aside five percent of the undergraduate amount of designated tuition charged in excess of $46 per semester credit hour to fund the B-On-Time (BOT) Loan Program. These funds are used by institutions to offer zero-interest loans to qualifying students. If the student graduates on-time and with a B average, their loan balance is forgiven. In FY13, institutions made approximately $52 million in B-on-Time loan awards to students. For more information: Office of External Relations er@thecb.state.tx.us For more information: Office of External Relations er@thecb.state.tx.us 3

4 TEXAS HIGHER EDUCATION COORDINATING BOARD TUITION AND FEES DATA The tuition and fee data reported on the following pages reflects the average amounts charged to resident undergraduate students enrolled in 15 semester credit hours (SCH) per semester at Texas public universities. Amounts reported include statutory tuition, designated tuition, average mandatory fees and average college course fees. A student's actual charges may vary based on the student's classification and level of enrollment, the college the student attends within the university, the student's specific personal circumstances, or for other reasons deemed appropriate by the institution. FOOTNOTES: * All data was reported under definitions for tuition and fees adopted January 2006 by the Coordinating Board. (1) Texas A&M University implemented flat-rate tuition plans in Fall (2) The University of Texas at Arlington implemented flat-rate tuition plans in Fall (3) The Univerity of Texas at Austin implemented flat-rate tuition plans in Fall (4) University of North Texas implemented flat-rate tuition plans in Fall DATA AMENDMENT: NOTE: For the purposes of calculating the change in tuition and fees between Fall 2003 and Fall 2014, the statewide averages exclude those universities that did not exist in Fall 2003 (Texas A&M University-Central Texas,, and the University of North Texas- Dallas). Note: The Total Academic Charges column is the sum of Statutory + Designated + Mandatory Fees + Avg Coll and Course Fees for each school. The bottom of the column is the average (excluding zeroes, if any) of the Total Academic Charges of each school. The Fall Spring 2014 column is the sum of the Total Academic Charges of each semester. The bottom of that column is the average (excluding zeroes, if any) of the total of Fall 2013 and Spring Thus, adding the Fall 2013 to the Spring 2014 averages will not equal to the average of the sums of the Fall Spring 2014 totals. Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx and Fees Footnotes 3/10/2015

5 FALL 2003-Fall 2014 Fall 2003 Spring 2004 Amount Spring 2004 Fall 2004 Amount $1,793 $1,793 $0 0.00% $1,793 $1,916 $ % $1,747 $1,917 $ % $1,917 $1,947 $ % $1,792 $1,917 $ % $1,917 $1,958 $ % $1,854 $1,848 -$6-0.32% $1,848 $2,176 $ % $1,970 $2,077 $ % $2,077 $2,337 $ % $1,735 $1,735 $0 0.00% $1,735 $2,187 $ % $1,717 $1,777 $ % $1,777 $1,951 $ % $1,787 $1,785 -$2-0.11% $1,785 $1,948 $ % $1,661 $1,661 $0 0.00% $1,661 $1,917 $ % $2,357 $2,545 $ % $2,545 $3,084 $ % $1,868 $2,010 $ % $2,010 $2,368 $ % $1,821 $1,821 $0 0.00% $1,821 $1,928 $ % $1,952 $1,943 -$9-0.46% $1,943 $2,175 $ % $1,928 $1,928 $0 0.00% $1,928 $2,058 $ % $1,435 $1,414 -$ % $1,414 $1,465 $ % $1,866 $1,866 $0 0.00% $1,866 $2,204 $ % $2,072 $2,283 $ % $2,283 $2,407 $ % $2,525 $2,677 $ % $2,677 $3,076 $ % $1,895 $1,863 -$ % $1,863 $2,133 $ % $2,366 $2,523 $ % $2,523 $2,815 $ % $2,721 $3,079 $ % $3,079 $3,500 $ % $1,490 $1,497 $7 0.47% $1,497 $1,774 $ % $2,622 $2,914 $ % $2,914 $3,296 $ % $1,837 $2,084 $ % $2,084 $2,378 $ % $2,222 $2,451 $ % $2,451 $2,849 $ % $1,795 $1,807 $ % $1,807 $2,076 $ % $1,749 $1,816 $ % $1,816 $1,967 $ % $1,559 $1,532 -$ % $1,532 $1,644 $ % $2,266 $2,535 $ % $2,535 $2,915 $ % $1,858 $2,069 $ % $2,069 $2,322 $ % -Downtown $1,615 $1,691 $ % $1,691 $1,974 $ % -Victoria $1,885 $2,035 $ % $2,035 $2,125 $ % $2,366 $2,576 $ % $2,576 $2,959 $ % $1,621 $1,621 $0 0.00% $1,621 $1,836 $ % $1,934 $2,032 $ % $2,032 $2,284 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 2 & Mand Fees Comparison 3/10/2015

6 FALL 2003-Fall 2014 Fall 2004 Spring 2005 Amount Spring 2005 Fall 2005 Amount -Downtown -Victoria $1,916 $1,991 $ % $1,991 $2,173 $ % $1,947 $2,187 $ % $2,187 $2,367 $ % $1,958 $2,086 $ % $2,086 $2,319 $ % $2,176 $2,174 -$2-0.09% $2,174 $2,529 $ % $2,337 $2,403 $ % $2,403 $2,506 $ % $2,187 $2,187 $0 0.00% $2,187 $2,394 $ % $1,951 $1,861 -$ % $1,861 $2,075 $ % $1,948 $1,947 -$1-0.05% $1,947 $2,120 $ % $1,917 $1,917 $0 0.00% $1,917 $2,109 $ % $3,084 $3,340 $ % $3,340 $3,370 $ % $2,368 $2,374 $6 0.25% $2,374 $2,591 $ % $1,928 $1,928 $0 0.00% $1,928 $2,084 $ % $2,175 $2,166 -$9-0.41% $2,166 $2,290 $ % $2,058 $2,058 $0 0.00% $2,058 $2,177 $ % $1,465 $1,462 -$2-0.14% $1,462 $1,597 $ % $2,204 $2,204 $0 0.00% $2,204 $2,234 $ % $2,407 $2,642 $ % $2,642 $2,690 $ % $3,076 $3,100 $ % $3,100 $3,235 $ % $2,133 $2,174 $ % $2,174 $2,440 $ % $2,815 $2,815 $0 0.00% $2,815 $2,955 $ % $3,500 $3,524 $ % $3,524 $3,643 $ % $1,774 $1,772 -$2-0.11% $1,772 $2,036 $ % $3,296 $3,296 $0 0.00% $3,296 $3,419 $ % $2,378 $2,336 -$ % $2,336 $2,519 $ % $2,849 $2,854 $5 0.18% $2,854 $2,985 $ % $2,076 $2,142 $ % $2,142 $2,320 $ % $1,967 $1,953 -$ % $1,953 $2,143 $ % $1,644 $1,953 $ % $1,953 $1,815 -$ % $2,915 $2,898 -$ % $2,898 $2,758 -$ % $2,322 $2,312 -$ % $2,312 $2,452 $ % $1,974 $1,976 $2 0.12% $1,976 $2,077 $ % $2,125 $2,125 $0 0.00% $2,125 $2,260 $ % $2,959 $2,971 $ % $2,971 $3,105 $ % $1,836 $1,836 $0 0.00% $1,836 $1,978 $ % $2,284 $2,323 $ % $2,323 $2,464 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 3 & Mand Fees Comparison 3/10/2015

7 FALL 2003-Fall 2014 Fall 2005 Spring 2006 Amount Spring 2006 Fall 2006 Amount -Downtown -Victoria $2,173 $2,173 $0 0.00% $2,173 $2,318 $ % $2,367 $2,442 $ % $2,442 $2,517 $ % $2,319 $2,359 $ % $2,359 $2,370 $ % $2,529 $2,519 -$ % $2,519 $2,878 $ % $2,506 $2,630 $ % $2,630 $2,702 $ % $2,394 $2,394 $0 0.00% $2,394 $2,666 $ % $2,075 $2,075 $0 0.00% $2,075 $2,184 $ % $2,120 $2,118 -$2-0.07% $2,118 $2,346 $ % $2,109 $2,109 $0 0.00% $2,109 $2,339 $ % $3,370 $3,401 $ % $3,401 $3,703 $ % $2,591 $2,594 $3 0.12% $2,594 $2,826 $ % $2,084 $2,083 -$1-0.05% $2,083 $2,330 $ % $2,290 $2,284 -$6-0.26% $2,284 $2,508 $ % $2,177 $2,174 -$3-0.14% $2,174 $2,327 $ % $1,597 $1,595 -$2-0.15% $1,595 $1,654 $ % $2,234 $2,234 $0 0.00% $2,234 $2,714 $ % $2,690 $2,690 $0 0.00% $2,690 $2,927 $ % $3,235 $3,230 -$5-0.15% $3,230 $3,396 $ % $2,440 $2,480 $ % $2,480 $2,583 $ % $2,955 $2,955 $0 0.00% $2,955 $3,425 $ % $3,643 $3,645 $2 0.05% $3,645 $4,012 $ % $2,036 $2,026 -$ % $2,026 $2,296 $ % $3,419 $3,419 $0 0.00% $3,419 $3,845 $ % $2,519 $2,465 -$ % $2,465 $2,700 $ % $2,985 $3,031 $ % $3,031 $3,362 $ % $2,320 $2,351 $ % $2,351 $2,555 $ % $2,143 $2,139 -$4-0.19% $2,139 $2,324 $ % $1,815 $1,790 -$ % $1,790 $2,129 $ % $2,758 $2,759 $1 0.04% $2,759 $3,514 $ % $2,452 $2,420 -$ % $2,420 $2,610 $ % $2,077 $2,076 $0-0.02% $2,076 $2,263 $ % $2,260 $2,260 $0 0.00% $2,260 $2,395 $ % $3,105 $3,076 -$ % $3,076 $3,258 $ % $1,978 $1,978 $0 0.00% $1,978 $2,257 $ % $2,464 $2,470 $6 0.25% $2,470 $2,713 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 4 & Mand Fees Comparison 3/10/2015

8 FALL 2003-Fall 2014 Fall 2006 Spring 2007 Amount Spring 2007 Fall 2007 Amount -Downtown -Victoria $2,318 $2,319 $1 0.04% $2,319 $2,555 $ % $2,517 $2,517 $0 0.00% $2,517 $2,790 $ % $2,370 $2,445 $ % $2,445 $2,800 $ % $2,878 $2,927 $ % $2,927 $3,220 $ % $2,702 $2,623 -$ % $2,623 $2,867 $ % $2,666 $2,666 $0 0.00% $2,666 $3,135 $ % $2,184 $2,184 $0 0.00% $2,184 $2,389 $ % $2,346 $2,346 $0 0.00% $2,346 $2,622 $ % $2,339 $2,339 $0 0.00% $2,339 $2,511 $ % $3,703 $3,667 -$ % $3,667 $3,895 $ % $2,826 $2,826 $0 0.00% $2,826 $3,028 $ % $2,330 $2,329 -$1-0.04% $2,329 $2,585 $ % $2,508 $2,521 $ % $2,521 $2,759 $ % $2,327 $2,326 -$1-0.04% $2,326 $2,452 $ % $1,654 $1,654 $0 0.00% $1,654 $1,864 $ % $2,714 $2,714 $0 0.00% $2,714 $2,939 $ % $2,927 $2,927 $0 0.00% $2,927 $3,253 $ % $3,396 $3,393 -$3-0.09% $3,393 $3,563 $ % $2,583 $2,601 $ % $2,601 $2,843 $ % $3,425 $3,425 $0 0.00% $3,425 $3,822 $ % $4,012 $4,008 -$4-0.10% $4,008 $4,065 $ % $2,296 $2,290 -$6-0.26% $2,290 $2,395 $ % $3,845 $3,845 $0 0.00% $3,845 $4,355 $ % $2,700 $2,662 -$ % $2,662 $2,877 $ % $3,362 $3,370 $8 0.24% $3,370 $3,621 $ % $2,555 $2,555 $0 0.00% $2,555 $2,775 $ % $2,324 $2,335 $ % $2,335 $2,500 $ % $2,129 $2,113 -$ % $2,113 $2,494 $ % $3,514 $3,517 $3 0.09% $3,517 $3,767 $ % $2,610 $2,606 -$4-0.15% $2,606 $2,741 $ % $2,263 $2,274 $ % $2,274 $2,468 $ % $2,395 $2,395 $0 0.00% $2,395 $2,476 $ % $3,258 $3,265 $7 0.21% $3,265 $3,337 $ % $2,257 $2,257 $0 0.00% $2,257 $2,601 $ % $2,713 $2,713 $0 0.01% $2,713 $2,952 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 5 & Mand Fees Comparison 3/10/2015

9 FALL 2003-Fall 2014 Fall 2007 Spring 2008 Amount Spring 2008 Fall 2008 Amount -Downtown -Victoria $2,555 $2,555 $0 0.00% $2,555 $2,705 $ % $2,790 $2,712 -$ % $2,712 $3,032 $ % $2,800 $2,800 $0 0.00% $2,800 $2,996 $ % $3,220 $3,162 -$ % $3,162 $3,412 $ % $2,867 $2,770 -$ % $2,770 $3,053 $ % $3,135 $3,135 $0 0.00% $3,135 $3,270 $ % $2,389 $2,389 $0 0.00% $2,389 $2,545 $ % $2,622 $2,622 $0 0.00% $2,622 $2,820 $ % $2,511 $2,501 -$ % $2,501 $2,698 $ % $3,895 $3,900 $5 0.13% $3,900 $4,148 $ % $3,028 $3,158 $ % $3,158 $3,435 $ % $2,585 $2,585 $0 0.00% $2,585 $2,585 $0 0.00% $2,759 $2,734 -$ % $2,734 $2,925 $ % $2,452 $2,451 -$1-0.04% $2,451 $2,745 $ % $1,864 $1,864 $0 0.00% $1,864 $2,121 $ % $2,939 $2,939 $0 0.00% $2,939 $3,201 $ % $3,253 $3,253 $0 0.00% $3,253 $3,497 $ % $3,563 $3,553 -$ % $3,553 $3,570 $ % $2,843 $2,914 $ % $2,914 $3,154 $ % $3,822 $3,647 -$ % $3,647 $4,071 $ % $4,065 $4,057 -$8-0.20% $4,057 $4,254 $ % $2,395 $2,390 -$5-0.21% $2,390 $2,718 $ % $4,355 $4,196 -$ % $4,196 $4,647 $ % $2,877 $2,848 -$ % $2,848 $3,048 $ % $3,621 $3,619 -$2-0.06% $3,619 $3,829 $ % $2,775 $2,813 $ % $2,813 $2,963 $ % $2,500 $2,500 $0 0.00% $2,500 $2,725 $ % $2,494 $2,443 -$ % $2,443 $2,598 $ % $3,767 $3,747 -$ % $3,747 $3,981 $ % $2,741 $2,761 $ % $2,761 $2,928 $ % $2,468 $2,523 $ % $2,523 $2,505 -$ % $2,476 $2,568 $ % $2,568 $2,657 $ % $3,337 $3,336 -$1-0.03% $3,336 $3,584 $ % $2,601 $2,496 -$ % $2,496 $2,691 $ % $2,952 $2,939 -$ % $2,939 $3,150 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 6 & Mand Fees Comparison 3/10/2015

10 FALL 2003-Fall 2014 Fall 2008 Spring 2009 Amount Spring 2009 Fall 2009 Amount -Downtown -Victoria $2,705 $2,705 $0 0.00% $2,705 $3,069 $ % $3,032 $3,017 -$ % $3,017 $3,313 $ % $2,996 $3,071 $ % $3,071 $3,225 $ % $3,412 $3,253 -$ % $3,253 $3,610 $ % $3,053 $3,032 -$ % $3,032 $3,237 $ % $3,270 $3,255 -$ % $3,255 $3,405 $ % $2,545 $2,545 $0 0.00% $2,545 $2,667 $ % $2,820 $2,827 $7 0.25% $2,827 $2,835 $8 0.28% $2,698 $2,698 $0 0.00% $2,698 $2,849 $ % $4,148 $4,148 $0 0.00% $4,148 $4,343 $ % $3,435 $3,435 $0 0.00% $3,435 $3,593 $ % $2,585 $2,591 $6 0.23% $2,591 $2,778 $ % $2,925 $2,902 -$ % $2,902 $3,067 $ % $2,745 $2,723 -$ % $2,723 $2,970 $ % $2,121 $2,121 $0 0.00% $2,121 $2,323 $ % $3,201 $3,201 $0 0.00% $3,201 $3,201 $0 0.00% $3,497 $3,497 $0 0.00% $3,497 $3,741 $ % $3,570 $3,615 $ % $3,615 $3,910 $ % $3,154 $3,154 $0 0.00% $3,154 $3,154 $0 0.00% $4,071 $4,071 $0 0.00% $4,071 $4,272 $ % $4,254 $4,249 -$5-0.12% $4,249 $4,468 $ % $2,718 $2,729 $ % $2,729 $2,806 $ % $4,647 $4,649 $2 0.04% $4,649 $4,915 $ % $3,048 $2,993 -$ % $2,993 $3,144 $ % $3,829 $3,816 -$ % $3,816 $4,023 $ % $2,963 $2,963 $0 0.00% $2,963 $3,213 $ % $2,725 $2,725 $0 0.00% $2,725 $2,875 $ % $2,598 $2,597 -$1-0.04% $2,597 $2,764 $ % $3,981 $3,971 -$ % $3,971 $4,163 $ % $2,928 $2,824 -$ % $2,824 $2,914 $ % $2,505 $2,506 $1 0.04% $2,506 $2,624 $ % $2,657 $2,657 $0 0.00% $2,657 $2,747 $ % $3,584 $3,585 $1 0.03% $3,585 $3,859 $ % $2,691 $2,691 $0 0.00% $2,691 $2,902 $ % $3,150 $3,142 -$9-0.28% $3,142 $3,323 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 7 & Mand Fees Comparison 3/10/2015

11 FALL 2003-Fall 2014 Fall 2009 Spring 2010 Amount Spring 2010 Fall 2010 Amount -Downtown -Victoria $3,069 $3,069 $0 0.00% $3,069 $3,347 $ % $3,313 $3,313 $0 0.00% $3,313 $3,472 $ % $3,225 $3,285 $ % $3,285 $3,471 $ % $3,610 $3,463 -$ % $3,463 $3,648 $ % $3,237 $3,256 $ % $3,256 $3,441 $ % $3,405 $3,405 $0 0.00% $3,405 $3,541 $ % $2,667 $2,667 $0 0.00% $2,667 $2,774 $ % $2,835 $3,004 $ % $3,004 $3,146 $ % $2,849 $2,849 $0 0.00% $2,849 $3,067 $ % $4,343 $4,352 $9 0.21% $4,352 $4,451 $ % $3,593 $3,593 $0 0.00% $3,593 $3,764 $ % n/a $2,946 n/a n/a $2,946 $3,029 $ % $2,778 $2,778 $0 0.00% $2,778 $2,999 $ % $3,067 $3,055 -$ % $3,055 $3,304 $ % $2,970 $3,051 $ % $3,051 $3,207 $ % n/a $2,751 n/a n/a $2,751 $2,911 $ % $2,323 $2,321 -$2-0.09% $2,321 $2,543 $ % $3,201 $3,436 $ % $3,436 $3,731 $ % $3,741 $3,741 $0 0.00% $3,741 $3,919 $ % $3,910 $3,975 $ % $3,975 $4,300 $ % $3,154 $3,540 $ % $3,540 $3,881 $ % $4,272 $4,272 $0 0.00% $4,272 $4,441 $ % $4,468 $4,457 -$ % $4,457 $4,708 $ % $2,806 $2,790 -$ % $2,790 $2,962 $ % $4,915 $4,996 $ % $4,996 $5,211 $ % $3,144 $3,139 -$5-0.16% $3,139 $3,280 $ % $4,023 $4,022 -$1-0.02% $4,022 $4,204 $ % $3,213 $3,267 $ % $3,267 $3,403 $ % $2,875 $2,875 $0 0.00% $2,875 $3,086 $ % $2,764 $2,768 $4 0.14% $2,768 $2,911 $ % $4,163 $4,160 -$3-0.07% $4,160 $4,245 $ % $2,914 $2,914 $0 0.00% $2,914 $3,021 $ % $2,624 $2,623 -$1-0.04% $2,623 $2,753 $ % $2,747 $2,747 $0 0.00% $2,747 $2,849 $ % $3,859 $3,863 $4 0.10% $3,863 $4,011 $ % $2,902 $2,902 $0 0.00% $2,902 $3,186 $ % $3,323 $3,323 $ % $3,323 $3,506 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 8 & Mand Fees Comparison 3/10/2015

12 FALL 2003-Fall 2014 Fall 2010 Spring 2011 Amount Spring 2011 Fall 2011 Amount -Downtown -Victoria $3,347 $3,347 $0 0.00% $3,347 $3,675 $ % $3,472 $3,472 $0 0.00% $3,472 $3,824 $ % $3,471 $3,524 $ % $3,524 $3,636 $ % $3,648 $3,575 -$ % $3,575 $4,002 $ % $3,441 $3,409 -$ % $3,409 $3,557 $ % $3,541 $3,541 $0 0.00% $3,541 $3,737 $ % $2,774 $2,774 $0 0.00% $2,774 $2,912 $ % $3,146 $3,147 $1 0.03% $3,147 $3,253 $ % $3,067 $3,067 $0 0.00% $3,067 $3,067 $0 0.00% $4,451 $4,451 $0 0.00% $4,451 $4,479 $ % $3,764 $3,924 $ % $3,924 $3,924 $0 0.00% $3,029 $3,029 $0 0.00% $3,029 $3,083 $ % $2,999 $3,022 $ % $3,022 $3,210 $ % $3,304 $3,302 -$2-0.06% $3,302 $3,599 $ % $3,207 $3,183 -$ % $3,183 $3,407 $ % $2,911 $3,074 $ % $3,074 $3,366 $ % $2,543 $2,481 -$ % $2,481 $2,602 $ % $3,731 $3,731 $0 0.00% $3,731 $3,731 $0 0.00% $3,919 $3,919 $0 0.00% $3,919 $4,116 $ % $4,300 $4,416 $ % $4,416 $4,706 $ % $3,881 $3,781 -$ % $3,781 $3,786 $5 0.13% $4,441 $4,408 -$ % $4,408 $4,646 $ % $4,708 $4,704 -$4-0.08% $4,704 $4,896 $ % $2,962 $2,922 -$ % $2,922 $3,056 $ % $5,211 $5,211 $0 0.00% $5,211 $5,507 $ % $3,280 $3,331 $ % $3,331 $3,478 $ % $4,204 $4,205 $1 0.02% $4,205 $4,403 $ % $3,403 $3,535 $ % $3,535 $3,534 -$1-0.03% $3,086 $3,086 $0 0.00% $3,086 $3,225 $ % $2,911 $2,913 $2 0.07% $2,913 $3,055 $ % $4,245 $4,231 -$ % $4,231 $4,420 $ % $3,021 $3,021 $0 0.00% $3,021 $3,186 $ % $2,753 $2,762 $9 0.33% $2,762 $2,874 $ % $2,849 $2,847 -$2-0.07% $2,847 $2,959 $ % $4,011 $3,999 -$ % $3,999 $4,371 $ % n/a $3,225 $0 0.00% $3,225 $3,300 $ % $3,186 $3,151 -$ % $3,151 $3,253 $ % $3,506 $3,506 $ % $3,506 $3,671 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 9 & Mand Fees Comparison 3/10/2015

13 FALL 2003-Fall 2014 Fall 2011 Spring 2012 Amount Spring 2012 Fall 2012 Amount -Downtown -Victoria $3,675 $3,675 $0 0.00% $3,675 $3,747 $ % $3,824 $4,272 $ % $4,272 $4,272 $0 0.00% $3,636 $3,627 -$9-0.25% $3,627 $3,800 $ % $4,002 $3,919 -$ % $3,919 $4,158 $ % $3,557 $4,195 $ % $4,195 $4,195 $0 0.00% $3,737 $3,657 -$ % $3,657 $4,009 $ % $2,912 $3,046 $ % $3,046 $3,046 $0 0.00% $3,253 $3,250 -$3-0.09% $3,250 $3,430 $ % $3,067 $3,280 $ % $3,280 $3,439 $ % $4,479 $4,479 $0 0.00% $4,479 $4,542 $ % $3,924 $3,924 $0 0.00% $3,924 $4,071 $ % $3,083 $3,083 $0 0.00% $3,083 $3,240 $ % $3,210 $3,210 $0 0.00% $3,210 $3,360 $ % $3,599 $3,599 $0 0.00% $3,599 $3,839 $ % $3,407 $3,407 $0 0.00% $3,407 $3,557 $ % $3,366 $3,364 -$2-0.06% $3,364 $3,570 $ % $2,602 $2,602 $0 0.00% $2,602 $3,160 $ % $3,731 $3,731 $0 0.00% $3,731 $3,823 $ % $4,116 $4,356 $ % $4,356 $4,386 $ % $4,706 $4,748 $ % $4,748 $4,857 $ % $3,786 $3,786 $0 0.00% $3,786 $3,844 $ % $4,646 $4,646 $0 0.00% $4,646 $4,646 $0 0.00% $4,896 $4,896 $0 0.00% $4,896 $4,895 -$1-0.02% $3,056 $3,071 $ % $3,071 $3,132 $ % $5,507 $5,507 $0 0.00% $5,507 $5,796 $ % $3,478 $3,477 -$1-0.03% $3,477 $3,554 $ % $4,403 $4,379 -$ % $4,379 $4,494 $ % $3,534 $3,533 -$1-0.03% $3,533 $3,611 $ % $3,225 $3,225 $0 0.00% $3,225 $3,354 $ % $3,055 $3,056 $1 0.03% $3,056 $3,136 $ % $4,420 $4,432 $ % $4,432 $4,676 $ % $3,186 $3,141 -$ % $3,141 $3,141 $0 0.00% $2,874 $2,874 $0 0.00% $2,874 $3,012 $ % $2,959 $2,914 -$ % $2,914 $3,103 $ % $4,371 $4,393 $ % $4,393 $4,572 $ % $3,300 $3,300 $0 0.00% $3,300 $3,675 $ % $3,253 $3,254 $1 0.03% $3,254 $3,402 $ % $3,671 $3,711 $ % $3,711 $3,853 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 10 & Mand Fees Comparison 3/10/2015

14 FALL 2003-Fall 2014 Fall 2012 Spring 2013 Amount Spring 2013 Fall 2013 Amount -Downtown -Victoria $3,747 $3,747 $0 0.00% $3,747 $3,747 $0 0.00% $4,272 $4,505 $ % $4,505 $4,505 $0 0.00% $3,800 $3,830 $ % $3,830 $3,837 $7 0.18% $4,158 $4,110 -$ % $4,110 $4,258 $ % $4,195 $4,617 $ % $4,617 $4,617 $0 0.00% $4,009 $4,009 $0 0.00% $4,009 $4,251 $ % $3,046 $3,316 $ % $3,316 $3,316 $0 0.00% $3,430 $3,423 -$7-0.20% $3,423 $3,425 $2 0.06% $3,439 $3,439 $0 0.00% $3,439 $3,496 $ % $4,542 $4,542 $0 0.00% $4,542 $4,557 $ % $4,071 $4,169 $ % $4,169 $4,243 $ % $3,240 $3,240 $0 0.00% $3,240 $3,270 $ % $3,360 $3,360 $0 0.00% $3,360 $3,360 $0 0.00% $3,839 $3,902 $ % $3,902 $3,909 $7 0.18% $3,557 $3,557 $0 0.00% $3,557 $3,557 $0 0.00% $3,570 $3,601 $ % $3,601 $3,607 $6 0.17% $3,160 $3,176 $ % $3,176 $3,336 $ % $3,823 $3,823 $0 0.00% $3,823 $3,973 $ % $4,386 $4,545 $ % $4,545 $4,575 $ % $4,857 $4,914 $ % $4,914 $4,916 $2 0.04% $3,844 $3,633 -$ % $3,633 $3,839 $ % $4,646 $4,646 $0 0.00% $4,646 $4,646 $0 0.00% $4,895 $4,895 $0 0.00% $4,895 $4,899 $4 0.08% $3,132 $3,126 -$6-0.19% $3,126 $3,018 -$ % $5,796 $5,741 -$ % $5,741 $5,903 $ % $3,554 $3,562 $8 0.23% $3,562 $3,589 $ % $4,494 $4,490 -$4-0.09% $4,490 $4,527 $ % $3,611 $3,611 $0 0.00% $3,611 $3,611 $0 0.00% $3,354 $3,354 $0 0.00% $3,354 $3,306 -$ % $3,136 $3,135 -$1-0.03% $3,135 $3,141 $6 0.19% $4,676 $5,017 $ % $5,017 $5,223 $ % $3,141 $3,258 $ % $3,258 $3,258 $0 0.00% $3,012 $3,021 $9 0.30% $3,021 $3,164 $ % $3,103 $3,046 -$ % $3,046 $3,198 $ % $4,572 $4,575 $3 0.07% $4,575 $4,762 $ % $3,675 $3,675 $0 0.00% $3,675 $3,825 $ % $3,402 $3,415 $ % $3,415 $3,515 $ % $3,853 $3,893 $ % $3,893 $3,951 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 11 & Mand Fees Comparison 3/10/2015

15 FALL 2003-Fall 2014 Fall 2013 Spring 2014 Amount Spring 2014 Fall 2014 Amount -Downtown -Victoria $3,747 $3,747 $0 0.00% $3,747 $3,821 $ % $4,505 $4,679 $ % $4,679 $4,679 $0 0.00% $3,837 $3,837 $0 0.00% $3,837 $4,086 $ % $4,258 $4,194 -$ % $4,194 $4,731 $ % $4,617 $4,641 $ % $4,641 $4,795 $ % $4,251 $4,251 $0 0.00% $4,251 $4,491 $ % $3,316 $3,316 $0 0.00% $3,316 $3,466 $ % $3,425 $3,425 $0 0.00% $3,425 $3,605 $ % $3,496 $3,496 $0 0.00% $3,496 $3,824 $ % $4,557 $4,593 $ % $4,593 $4,876 $ % $4,243 $4,257 $ % $4,257 $4,629 $ % $3,270 $3,270 $0 0.00% $3,270 $2,826 -$ % $3,360 $3,360 $0 0.00% $3,360 $3,548 $ % $3,909 $3,921 $ % $3,921 $4,138 $ % $3,557 $3,557 $0 0.00% $3,557 $3,690 $ % $3,607 $3,629 $ % $3,629 $3,757 $ % $3,336 $3,214 -$ % $3,214 $3,457 $ % $3,973 $3,973 $0 0.00% $3,973 $4,063 $ % $4,575 $4,575 $0 0.00% $4,575 $4,758 $ % $4,916 $4,930 $ % $4,930 $5,127 $ % $3,839 $3,777 -$ % $3,777 $3,970 $ % $4,646 $4,646 $0 0.00% $4,646 $4,781 $ % $4,899 $4,899 $0 0.00% $4,899 $4,905 $6 0.12% $3,018 $3,014 -$4-0.13% $3,014 $3,017 $3 0.10% $5,903 $5,903 $0 0.00% $5,903 $5,903 $0 0.00% $3,589 $3,588 -$1-0.03% $3,588 $3,613 $ % $4,527 $4,540 $ % $4,540 $4,524 -$ % $3,611 $3,611 $0 0.00% $3,611 $3,611 $0 0.00% $3,306 $3,306 $0 0.00% $3,306 $3,385 $ % $3,141 $3,148 $7 0.22% $3,148 $3,146 -$2-0.06% $5,223 $5,202 -$ % $5,202 $5,303 $ % $3,258 $3,332 $ % $3,332 $3,500 $ % $3,164 $3,163 -$1-0.03% $3,163 $3,350 $ % $3,198 $3,198 $0 0.00% $3,198 $3,374 $ % $4,762 $4,762 $0 0.00% $4,762 $5,079 $ % $3,825 $3,825 $0 0.00% $3,825 $3,924 $ % $3,515 $3,515 $0 0.00% $3,515 $3,630 $ % $3,951 $3,954 $ % $3,954 $4,091 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 12 & Mand Fees Comparison 3/10/2015

16 (DESIGNATED TUITION) Fall 2003 Spring 2004 Amount Spring 2004 Fall 2004 Amount $600 $600 $0 0.00% $600 $660 $ % $600 $660 $ % $660 $720 $ % $585 $675 $ % $675 $675 $0 0.00% $540 $540 $0 0.00% $540 $690 $ % $585 $690 $ % $690 $795 $ % $615 $615 $0 0.00% $615 $960 $ % $450 $510 $ % $510 $570 $ % $645 $645 $0 0.00% $645 $780 $ % $525 $525 $0 0.00% $525 $690 $ % $690 $825 $ % $825 $1,117 $ % $690 $825 $ % $825 $1,118 $ % $645 $645 $0 0.00% $645 $720 $ % $690 $690 $0 0.00% $690 $868 $ % $600 $600 $0 0.00% $600 $690 $ % $510 $497 -$ % $497 $510 $ % $690 $690 $0 0.00% $690 $990 $ % $690 $840 $ % $840 $915 $ % $690 $840 $ % $840 $1,140 $ % $690 $690 $0 0.00% $690 $915 $ % $690 $840 $ % $840 $1,095 $ % $690 $1,053 $ % $1,053 $1,415 $ % $480 $480 $0 0.00% $480 $570 $ % $690 $990 $ % $990 $1,320 $ % $690 $960 $ % $960 $1,170 $ % $690 $915 $ % $915 $1,140 $ % $690 $690 $0 0.00% $690 $930 $ % $600 $675 $ % $675 $780 $ % $480 $480 $0 0.00% $480 $532 $ % $690 $975 $ % $975 $1,125 $ % $690 $855 $ % $855 $945 $ % -Downtown $615 $690 $ % $690 $870 $ % -Victoria $690 $840 $ % $840 $840 $0 0.00% $690 $795 $ % $795 $1,125 $ % $458 $458 $0 0.00% $458 $570 $ % $625 $715 $ % $715 $881 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 13 Designated 3/10/2015

17 (DESIGNATED TUITION) Fall 2004 Spring 2005 Amount Spring 2005 Fall 2005 Amount -Downtown -Victoria $660 $750 $ % $750 $840 $ % $720 $900 $ % $900 $975 $ % $675 $795 $ % $795 $990 $ % $690 $690 $0 0.00% $690 $945 $ % $795 $900 $ % $900 $900 $0 0.00% $960 $960 $0 0.00% $960 $1,140 $ % $570 $660 $ % $660 $660 $0 0.00% $780 $780 $0 0.00% $780 $900 $ % $690 $690 $0 0.00% $690 $825 $ % $1,117 $1,305 $ % $1,305 $1,305 $0 0.00% $1,118 $1,118 $0 0.00% $1,118 $1,305 $ % $720 $720 $0 0.00% $720 $780 $ % $868 $868 $0 0.00% $868 $924 $ % $690 $690 $0 0.00% $690 $780 $ % $510 $510 $0 0.00% $510 $600 $ % $990 $990 $0 0.00% $990 $990 $0 0.00% $915 $1,140 $ % $1,140 $1,140 $0 0.00% $1,140 $1,140 $0 0.00% $1,140 $1,185 $ % $915 $915 $0 0.00% $915 $1,095 $ % $1,095 $1,095 $0 0.00% $1,095 $1,196 $ % $1,415 $1,439 $ % $1,439 $1,451 $ % $570 $570 $0 0.00% $570 $660 $ % $1,320 $1,320 $0 0.00% $1,320 $1,370 $ % $1,170 $1,170 $0 0.00% $1,170 $1,215 $ % $1,140 $1,140 $0 0.00% $1,140 $1,234 $ % $930 $975 $ % $975 $975 $0 0.00% $780 $780 $0 0.00% $780 $885 $ % $532 $532 $0 0.00% $532 $644 $ % $1,125 $1,125 $0 0.00% $1,125 $1,155 $ % $945 $945 $0 0.00% $945 $1,005 $ % $870 $870 $0 0.00% $870 $938 $ % $840 $840 $0 0.00% $840 $900 $ % $1,125 $1,125 $0 0.00% $1,125 $1,215 $ % $570 $570 $0 0.00% $570 $630 $ % $881 $912 $ % $912 $993 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 14 Designated 3/10/2015

18 (DESIGNATED TUITION) Fall 2005 Spring 2006 Amount Spring 2006 Fall 2006 Amount -Downtown -Victoria $840 $840 $0 0.00% $840 $900 $ % $975 $1,050 $ % $1,050 $1,050 $0 0.00% $990 $990 $0 0.00% $990 $990 $0 0.00% $945 $945 $0 0.00% $945 $1,133 $ % $900 $1,050 $ % $1,050 $1,050 $0 0.00% $1,140 $1,140 $0 0.00% $1,140 $1,275 $ % $660 $660 $0 0.00% $660 $750 $ % $900 $900 $0 0.05% $900 $1,050 $ % $825 $825 $0 0.00% $825 $945 $ % $1,305 $1,305 $0 0.00% $1,305 $1,436 $ % $1,305 $1,305 $0 0.00% $1,305 $1,436 $ % $780 $780 $0 0.00% $780 $1,005 $ % $924 $924 $0 0.00% $924 $1,022 $ % $780 $780 $0 0.00% $780 $900 $ % $600 $600 $0 0.00% $600 $630 $ % $990 $990 $0 0.00% $990 $1,470 $ % $1,140 $1,140 $0 0.00% $1,140 $1,320 $ % $1,185 $1,185 $0 0.00% $1,185 $1,275 $ % $1,095 $1,095 $0 0.00% $1,095 $1,170 $ % $1,196 $1,196 $0 0.00% $1,196 $1,472 $ % $1,451 $1,453 $2 0.14% $1,453 $1,670 $ % $660 $660 $0 0.00% $660 $870 $ % $1,370 $1,370 $0 0.00% $1,370 $1,512 $ % $1,215 $1,215 $0 0.00% $1,215 $1,283 $ % $1,234 $1,234 $0 0.00% $1,234 $1,384 $ % $975 $975 $0 0.00% $975 $1,125 $ % $885 $885 $0 0.00% $885 $1,020 $ % $644 $644 $0 0.00% $644 $884 $ % $1,155 $1,155 $0 0.00% $1,155 $1,319 $ % $1,005 $1,005 $0 0.00% $1,005 $1,155 $ % $938 $938 $0 0.00% $938 $1,061 $ % $900 $900 $0 0.00% $900 $1,035 $ % $1,215 $1,215 $0 0.00% $1,215 $1,358 $ % $630 $630 $0 0.00% $630 $855 $ % $993 $999 $7 0.67% $999 $1,141 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 15 Designated 3/10/2015

19 (DESIGNATED TUITION) Fall 2006 Spring 2007 Amount Spring 2007 Fall 2007 Amount -Downtown -Victoria $900 $900 $0 0.00% $900 $1,125 $ % $1,050 $1,050 $0 0.00% $1,050 $1,275 $ % $990 $990 $0 0.00% $990 $1,230 $ % $1,133 $1,200 $ % $1,200 $1,425 $ % $1,050 $1,050 $0 0.00% $1,050 $1,260 $ % $1,275 $1,275 $0 0.00% $1,275 $1,455 $ % $750 $750 $0 0.00% $750 $930 $ % $1,050 $1,050 $0 0.00% $1,050 $1,200 $ % $945 $945 $0 0.00% $945 $1,020 $ % $1,436 $1,436 $0 0.00% $1,436 $1,590 $ % $1,436 $1,436 $0 0.00% $1,436 $1,590 $ % $1,005 $1,005 $0 0.00% $1,005 $1,260 $ % $1,022 $1,022 $0 0.00% $1,022 $1,134 $ % $900 $900 $0 0.00% $900 $952 $ % $630 $630 $0 0.00% $630 $810 $ % $1,470 $1,470 $0 0.00% $1,470 $1,695 $ % $1,320 $1,320 $0 0.00% $1,320 $1,650 $ % $1,275 $1,262 -$ % $1,262 $1,396 $ % $1,170 $1,170 $0 0.00% $1,170 $1,395 $ % $1,472 $1,472 $0 0.00% $1,472 $1,869 $ % $1,670 $1,666 -$4-0.24% $1,666 $1,823 $ % $870 $870 $0 0.00% $870 $990 $ % $1,512 $1,512 $0 0.00% $1,512 $2,022 $ % $1,283 $1,283 $0 0.00% $1,283 $1,406 $ % $1,384 $1,384 $0 0.00% $1,384 $1,515 $ % $1,125 $1,125 $0 0.00% $1,125 $1,275 $ % $1,020 $1,020 $0 0.00% $1,020 $1,185 $ % $884 $884 $0 0.00% $884 $1,108 $ % $1,319 $1,320 $1 0.08% $1,320 $1,559 $ % $1,155 $1,155 $0 0.00% $1,155 $1,290 $ % $1,061 $1,061 $0 0.00% $1,061 $1,275 $ % $1,035 $1,035 $0 0.00% $1,035 $1,086 $ % $1,358 $1,358 $0 0.00% $1,358 $1,418 $ % $855 $855 $0 0.00% $855 $1,008 $ % $1,141 $1,143 $2 0.13% $1,143 $1,330 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 16 Designated 3/10/2015

20 (DESIGNATED TUITION) Fall 2007 Spring 2008 Amount Spring 2008 Fall 2008 Amount -Downtown -Victoria $1,125 $1,125 $0 0.00% $1,125 $1,234 $ % $1,275 $1,275 $0 0.00% $1,275 $1,425 $ % $1,230 $1,230 $0 0.00% $1,230 $1,329 $ % $1,425 $1,425 $0 0.00% $1,425 $1,545 $ % $1,260 $1,260 $0 0.00% $1,260 $1,470 $ % $1,455 $1,455 $0 0.00% $1,455 $1,590 $ % $930 $930 $0 0.00% $930 $990 $ % $1,200 $1,200 $0 0.00% $1,200 $1,328 $ % $1,020 $1,020 $0 0.00% $1,020 $1,200 $ % $1,590 $1,590 $0 0.00% $1,590 $1,699 $ % $1,590 $1,590 $0 0.00% $1,590 $1,758 $ % $1,260 $1,260 $0 0.00% $1,260 $1,260 $0 0.00% $1,134 $1,134 $0 0.00% $1,134 $1,274 $ % $952 $952 $0 0.00% $952 $1,120 $ % $810 $810 $0 0.00% $810 $1,050 $ % $1,695 $1,695 $0 0.00% $1,695 $1,900 $ % $1,650 $1,650 $0 0.00% $1,650 $1,800 $ % $1,396 $1,396 $0 0.00% $1,396 $1,396 $0 0.00% $1,395 $1,395 $0 0.00% $1,395 $1,620 $ % $1,869 $1,869 $0 0.00% $1,869 $2,261 $ % $1,823 $1,815 -$8-0.44% $1,815 $2,062 $ % $990 $990 $0 0.00% $990 $1,163 $ % $2,022 $1,863 -$ % $1,863 $1,935 $ % $1,406 $1,406 $0 0.00% $1,406 $1,526 $ % $1,515 $1,515 $0 0.00% $1,515 $1,650 $ % $1,275 $1,275 $0 0.00% $1,275 $1,425 $ % $1,185 $1,185 $0 0.00% $1,185 $1,290 $ % $1,108 $1,108 $0 0.00% $1,108 $1,228 $ % $1,559 $1,563 $4 0.26% $1,563 $1,755 $ % $1,290 $1,290 $0 0.00% $1,290 $1,470 $ % $1,275 $1,275 $0 0.00% $1,275 $1,275 $0 0.00% $1,086 $1,178 $ % $1,178 $1,305 $ % $1,418 $1,418 $0 0.00% $1,418 $1,664 $ % $1,008 $1,008 $0 0.00% $1,008 $1,204 $ % $1,330 $1,328 -$2-0.16% $1,328 $1,477 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 17 Designated 3/10/2015

21 (DESIGNATED TUITION) Fall 2008 Spring 2009 Amount Spring 2009 Fall 2009 Amount -Downtown -Victoria $1,234 $1,234 $0 0.00% $1,234 $1,372 $ % $1,425 $1,425 $0 0.00% $1,425 $1,500 $ % $1,329 $1,329 $0 0.00% $1,329 $1,404 $ % $1,545 $1,545 $0 0.00% $1,545 $1,692 $ % $1,470 $1,470 $0 0.00% $1,470 $1,575 $ % $1,590 $1,590 $0 0.00% $1,590 $1,665 $ % $990 $990 $0 0.00% $990 $1,080 $ % $1,328 $1,328 $0 0.00% $1,328 $1,328 $0 0.00% $1,200 $1,200 $0 0.00% $1,200 $1,278 $ % $1,699 $1,699 $0 0.00% $1,699 $1,826 $ % $1,758 $1,758 $0 0.00% $1,758 $1,874 $ % $1,260 $1,260 $0 0.00% $1,260 $1,410 $ % $1,274 $1,274 $0 0.00% $1,274 $1,414 $ % $1,120 $1,120 $0 0.00% $1,120 $1,206 $ % $1,050 $1,050 $0 0.00% $1,050 $1,200 $ % $1,900 $1,900 $0 0.00% $1,900 $1,900 $0 0.00% $1,800 $1,800 $0 0.00% $1,800 $1,980 $ % $1,396 $1,405 $9 0.64% $1,405 $1,687 $ % $1,620 $1,620 $0 0.00% $1,620 $1,620 $0 0.00% $2,261 $2,261 $0 0.00% $2,261 $2,462 $ % $2,062 $2,057 -$5-0.24% $2,057 $2,276 $ % $1,163 $1,163 $0 0.00% $1,163 $1,209 $ % $1,935 $1,938 $3 0.16% $1,938 $2,204 $ % $1,526 $1,526 $0 0.00% $1,526 $1,653 $ % $1,650 $1,650 $0 0.00% $1,650 $1,813 $ % $1,425 $1,425 $0 0.00% $1,425 $1,575 $ % $1,290 $1,290 $0 0.00% $1,290 $1,440 $ % $1,228 $1,228 $0 0.00% $1,228 $1,358 $ % $1,755 $1,755 $0 0.00% $1,755 $1,920 $ % $1,470 $1,470 $0 0.00% $1,470 $1,530 $ % $1,275 $1,275 $0 0.00% $1,275 $1,350 $ % $1,305 $1,305 $0 0.00% $1,305 $1,395 $ % $1,664 $1,664 $0 0.00% $1,664 $1,930 $ % $1,204 $1,204 $0 0.00% $1,204 $1,354 $ % $1,477 $1,477 $0 0.01% $1,477 $1,602 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 18 Designated 3/10/2015

22 (DESIGNATED TUITION) Fall 2009 Spring 2010 Amount Spring 2010 Fall 2010 Amount -Downtown -Victoria $1,372 $1,372 $0 0.00% $1,372 $1,528 $ % $1,500 $1,500 $0 0.00% $1,500 $1,620 $ % $1,404 $1,404 $0 0.00% $1,404 $1,448 $ % $1,692 $1,692 $0 0.00% $1,692 $1,788 $ % $1,575 $1,575 $0 0.00% $1,575 $1,695 $ % $1,665 $1,665 $0 0.00% $1,665 $1,798 $ % $1,080 $1,080 $0 0.00% $1,080 $1,170 $ % $1,328 $1,328 $0 0.00% $1,328 $1,410 $ % $1,278 $1,278 $0 0.00% $1,278 $1,358 $ % $1,826 $1,826 $0 0.00% $1,826 $1,898 $ % $1,874 $1,874 $0 0.00% $1,874 $1,978 $ % n/a $1,420 n/a n/a $1,420 $1,476 $ % $1,410 $1,410 $0 0.00% $1,410 $1,495 $ % $1,414 $1,414 $0 0.00% $1,414 $1,497 $ % $1,206 $1,206 $0 0.00% $1,206 $1,283 $ % n/a $1,225 n/a n/a $1,225 $1,303 $ % $1,200 $1,200 $0 0.00% $1,200 $1,204 $4 0.33% $1,900 $2,033 $ % $2,033 $2,115 $ % $1,980 $1,980 $0 0.00% $1,980 $2,115 $ % $1,687 $1,687 $0 0.00% $1,687 $1,935 $ % $1,620 $1,630 $ % $1,630 $1,847 $ % $2,462 $2,462 $0 0.00% $2,462 $2,598 $ % $2,276 $2,265 -$ % $2,265 $2,451 $ % $1,209 $1,209 $0 0.00% $1,209 $1,344 $ % $2,204 $2,285 $ % $2,285 $2,500 $ % $1,653 $1,653 $0 0.00% $1,653 $1,782 $ % $1,813 $1,813 $0 0.00% $1,813 $1,976 $ % $1,575 $1,575 $0 0.00% $1,575 $1,710 $ % $1,440 $1,440 $0 0.00% $1,440 $1,500 $ % $1,358 $1,358 $0 0.00% $1,358 $1,485 $ % $1,920 $1,918 -$2-0.10% $1,918 $2,089 $ % $1,530 $1,530 $0 0.00% $1,530 $1,635 $ % $1,350 $1,350 $0 0.00% $1,350 $1,470 $ % $1,395 $1,395 $0 0.00% $1,395 $1,485 $ % $1,930 $1,930 $0 0.00% $1,930 $2,081 $ % n/a n/a n/a n/a n/a $2,325 n/a n/a $1,354 $1,354 $0 0.00% $1,354 $1,435 $ % $1,602 $1,593 $6-0.60% $1,593 $1,725 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 19 Designated 3/10/2015

23 (DESIGNATED TUITION) Fall 2010 Spring 2011 Amount Spring 2011 Fall 2011 Amount -Downtown -Victoria $1,528 $1,528 $0 0.00% $1,528 $1,675 $ % $1,620 $1,620 $0 0.00% $1,620 $1,800 $ % $1,448 $1,448 $0 0.00% $1,448 $1,514 $ % $1,788 $1,788 $0 0.00% $1,788 $1,788 $0 0.00% $1,695 $1,695 $0 0.00% $1,695 $1,815 $ % $1,798 $1,798 $0 0.00% $1,798 $1,866 $ % $1,170 $1,170 $0 0.00% $1,170 $1,290 $ % $1,410 $1,410 $0 0.00% $1,410 $1,410 $0 0.00% $1,358 $1,358 $0 0.00% $1,358 $1,358 $0 0.00% $1,898 $1,898 $0 0.00% $1,898 $1,898 $0 0.00% $1,978 $1,978 $0 0.00% $1,978 $1,978 $0 0.00% $1,476 $1,476 $0 0.00% $1,476 $1,476 $0 0.00% $1,495 $1,495 $0 0.00% $1,495 $1,495 $0 0.00% $1,497 $1,497 $0 0.00% $1,497 $1,497 $0 0.00% $1,283 $1,283 $0 0.00% $1,283 $1,283 $0 0.00% $1,303 $1,303 $0 0.00% $1,303 $1,303 $0 0.00% $1,204 $1,204 $0 0.00% $1,204 $1,204 $0 0.00% $2,115 $2,115 $0 0.00% $2,115 $2,115 $0 0.00% $2,115 $2,115 $0 0.00% $2,115 $2,265 $ % $1,935 $1,935 $0 0.00% $1,935 $2,187 $ % $1,847 $1,772 -$ % $1,772 $1,770 -$2-0.11% $2,598 $2,598 $0 0.00% $2,598 $2,836 $ % $2,451 $2,447 -$4-0.16% $2,447 $2,634 $ % $1,344 $1,344 $0 0.00% $1,344 $1,482 $ % $2,500 $2,500 $0 0.00% $2,500 $2,796 $ % $1,782 $1,782 $0 0.00% $1,782 $1,920 $ % $1,976 $1,976 $0 0.00% $1,976 $2,141 $ % $1,710 $1,845 $ % $1,845 $1,845 $0 0.00% $1,500 $1,500 $0 0.00% $1,500 $1,639 $ % $1,485 $1,485 $0 0.00% $1,485 $1,615 $ % $2,089 $2,086 -$3-0.14% $2,086 $2,221 $ % $1,635 $1,635 $0 0.00% $1,635 $1,800 $ % $1,470 $1,480 $ % $1,480 $1,585 $ % $1,485 $1,485 $0 0.00% $1,485 $1,597 $ % $2,081 $2,081 $0 0.00% $2,081 $2,341 $ % $2,325 $2,325 $0 0.00% $2,325 $2,400 $ % $1,435 $1,435 $0 0.00% $1,435 $1,435 $0 0.00% $1,725 $1,727 $ % $1,727 $1,818 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 20 Designated 3/10/2015

24 (DESIGNATED TUITION) Fall 2011 Spring 2012 Amount Spring 2012 Fall 2012 Amount -Downtown -Victoria $1,675 $1,675 $0 0.00% $1,675 $1,747 $ % $1,800 $2,220 $ % $2,220 $2,220 $0 0.00% $1,514 $1,514 $0 0.00% $1,514 $1,673 $ % $1,788 $1,788 $0 0.00% $1,788 $1,946 $ % $1,815 $2,055 $ % $2,055 $2,055 $0 0.00% $1,866 $1,866 $0 0.00% $1,866 $2,128 $ % $1,290 $1,410 $ % $1,410 $1,410 $0 0.00% $1,410 $1,410 $0 0.00% $1,410 $1,560 $ % $1,358 $1,358 $0 0.00% $1,358 $1,440 $ % $1,898 $1,898 $0 0.00% $1,898 $1,898 $0 0.00% $1,978 $1,978 $0 0.00% $1,978 $2,073 $ % $1,476 $1,476 $0 0.00% $1,476 $1,626 $ % $1,495 $1,495 $0 0.00% $1,495 $1,645 $ % $1,497 $1,497 $0 0.00% $1,497 $1,647 $ % $1,283 $1,283 $0 0.00% $1,283 $1,433 $ % $1,303 $1,303 $0 0.00% $1,303 $1,303 $0 0.00% $1,204 $1,204 $0 0.00% $1,204 $1,522 $ % $2,115 $2,115 $0 0.00% $2,115 $2,205 $ % $2,265 $2,505 $ % $2,505 $2,505 $0 0.00% $2,187 $2,187 $0 0.00% $2,187 $2,289 $ % $1,770 $1,770 $0 0.00% $1,770 $1,828 $ % $2,836 $2,836 $0 0.00% $2,836 $2,836 $0 0.00% $2,634 $2,634 $0 0.00% $2,634 $2,633 -$1-0.04% $1,482 $1,482 $0 0.00% $1,482 $1,561 $ % $2,796 $2,796 $0 0.00% $2,796 $3,085 $ % $1,920 $1,920 $0 0.00% $1,920 $2,033 $ % $2,141 $2,141 $0 0.00% $2,141 $2,214 $ % $1,845 $1,845 $0 0.00% $1,845 $1,935 $ % $1,639 $1,639 $0 0.00% $1,639 $1,768 $ % $1,615 $1,615 $0 0.00% $1,615 $1,731 $ % $2,221 $2,219 -$2-0.09% $2,219 $2,307 $ % $1,800 $1,755 -$ % $1,755 $1,755 $0 0.00% $1,585 $1,586 $1 0.06% $1,586 $1,696 $ % $1,597 $1,597 $0 0.00% $1,597 $1,654 $ % $2,341 $2,341 $0 0.00% $2,341 $2,494 $ % $2,400 $2,400 $0 0.00% $2,400 $2,775 $ % $1,435 $1,435 $0 0.00% $1,435 $1,585 $ % $1,818 $1,845 $ % $1,845 $1,952 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 21 Designated 3/10/2015

25 (DESIGNATED TUITION) Fall 2012 Spring 2013 Amount Spring 2013 Fall 2013 Amount -Downtown -Victoria $1,747 $1,747 $0 0.00% $1,747 $1,585 -$ % $2,220 $2,370 $ % $2,370 $2,370 $0 0.00% $1,673 $1,673 $0 0.00% $1,673 $1,673 $0 0.00% $1,946 $1,946 $0 0.00% $1,946 $1,946 $0 0.00% $2,055 $2,175 $ % $2,175 $2,175 $0 0.00% $2,128 $2,128 $0 0.00% $2,128 $2,370 $ % $1,410 $1,590 $ % $1,590 $1,590 $0 0.00% $1,560 $1,560 $0 0.00% $1,560 $1,560 $0 0.00% $1,440 $1,440 $0 0.00% $1,440 $1,440 $0 0.00% $1,898 $1,898 $0 0.00% $1,898 $1,898 $0 0.00% $2,073 $2,073 $0 0.00% $2,073 $2,073 $0 0.00% $1,626 $1,626 $0 0.00% $1,626 $1,626 $0 0.00% $1,645 $1,645 $0 0.00% $1,645 $1,645 $0 0.00% $1,647 $1,647 $0 0.00% $1,647 $1,647 $0 0.00% $1,433 $1,433 $0 0.00% $1,433 $1,433 $0 0.00% $1,303 $1,303 $0 0.00% $1,303 $1,303 $0 0.00% $1,522 $1,522 $0 0.00% $1,522 $1,522 $0 0.00% $2,205 $2,205 $0 0.00% $2,205 $2,355 $ % $2,505 $2,664 $ % $2,664 $2,664 $0 0.00% $2,289 $2,289 $0 0.00% $2,289 $2,289 $0 0.00% $1,828 $1,872 $ % $1,872 $2,039 $ % $2,836 $2,836 $0 0.00% $2,836 $2,836 $0 0.00% $2,633 $2,633 $0 0.00% $2,633 $2,637 $4 0.15% $1,561 $1,561 $0 0.00% $1,561 $1,494 -$ % $3,085 $3,029 -$ % $3,029 $3,191 $ % $2,033 $2,033 $0 0.00% $2,033 $2,053 $ % $2,214 $2,214 $0 0.00% $2,214 $2,241 $ % $1,935 $1,935 $0 0.00% $1,935 $1,935 $0 0.00% $1,768 $1,768 $0 0.00% $1,768 $1,768 $0 0.00% $1,731 $1,731 $0 0.00% $1,731 $1,736 $5 0.29% $2,307 $2,643 $ % $2,643 $2,836 $ % $1,755 $1,822 $ % $1,822 $1,822 $0 0.00% $1,696 $1,704 $8 0.47% $1,704 $1,847 $ % $1,654 $1,654 $0 0.00% $1,654 $1,702 $ % $2,494 $2,494 $0 0.00% $2,494 $2,667 $ % $2,775 $2,775 $0 0.00% $2,775 $2,925 $ % $1,585 $1,585 $0 0.00% $1,585 $1,585 $0 0.00% $1,952 $1,979 $ % $1,979 $2,013 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 22 Designated 3/10/2015

26 (DESIGNATED TUITION) Fall 2013 Spring 2014 Amount Spring 2014 Fall 2014 Amount -Downtown -Victoria $1,585 $1,585 $0 0.00% $1,585 $1,600 $ % $2,370 $2,520 $ % $2,520 $2,520 $0 0.00% $1,673 $1,673 $0 0.00% $1,673 $1,785 $ % $1,946 $1,946 $0 0.00% $1,946 $2,199 $ % $2,175 $2,175 $0 0.00% $2,175 $2,310 $ % $2,370 $2,370 $0 0.00% $2,370 $2,565 $ % $1,590 $1,590 $0 0.00% $1,590 $1,740 $ % $1,560 $1,560 $0 0.00% $1,560 $1,816 $ % $1,440 $1,440 $0 0.00% $1,440 $1,576 $ % $1,898 $1,898 $0 0.00% $1,898 $2,521 $ % $2,073 $2,073 $0 0.00% $2,073 $2,753 $ % $1,626 $1,626 $0 0.00% $1,626 $1,271 -$ % $1,645 $1,645 $0 0.00% $1,645 $1,645 $0 0.00% $1,647 $1,647 $0 0.00% $1,647 $1,712 $ % $1,433 $1,433 $0 0.00% $1,433 $1,433 $0 0.00% $1,303 $1,303 $0 0.00% $1,303 $1,303 $0 0.00% $1,522 $1,522 $0 0.00% $1,522 $1,701 $ % $2,355 $2,355 $0 0.00% $2,355 $2,445 $ % $2,664 $2,664 $0 0.00% $2,664 $2,830 $ % $2,289 $2,289 $0 0.00% $2,289 $2,444 $ % $2,039 $1,953 -$ % $1,953 $2,075 $ % $2,836 $2,836 $0 0.00% $2,836 $2,971 $ % $2,637 $2,637 $0 0.00% $2,637 $2,643 $6 0.23% $1,494 $1,494 $0 0.00% $1,494 $1,494 $0 0.00% $3,191 $3,191 $0 0.00% $3,191 $3,191 $0 0.00% $2,053 $2,053 $0 0.00% $2,053 $2,053 $0 0.00% $2,241 $2,241 $0 0.00% $2,241 $2,241 $0 0.00% $1,935 $1,935 $0 0.00% $1,935 $1,935 $0 0.00% $1,768 $1,768 $0 0.00% $1,768 $1,768 $0 0.00% $1,736 $1,736 $0 0.00% $1,736 $1,736 $0 0.00% $2,836 $2,839 $3 0.11% $2,839 $2,980 $ % $1,822 $1,875 $ % $1,875 $2,040 $ % $1,847 $1,846 -$1-0.05% $1,846 $2,033 $ % $1,702 $1,702 $0 0.00% $1,702 $1,844 $ % $2,667 $2,667 $0 0.00% $2,667 $2,852 $ % $2,925 $2,925 $0 0.00% $2,925 $3,024 $ % $1,585 $1,585 $0 0.00% $1,585 $1,701 $ % $2,013 $2,016 $ % $2,016 $2,128 $ % Univ and Fees (IFRS Fall 03 thru Fall 14) xlsx 23 Designated 3/10/2015