WHAT SIMMONS WILL DO:
FACULTY
– add 100 full-time faculty members over the next five years
– raise faculty salaries and benefits
– increase budget for faculty recruitment and start-up funds
– adopt a more generous faculty-leave program
FINANCIAL AID
– adopt need-blind admissions beginning this fall
– replace first-year work-study requirement with one-year scholarship beginning this fall
GRADUATE SCHOOL
– raise graduate-student stipends
– provide full health-care coverage for all graduate students
– supply summer funding to humanities and social-sciences graduate students
ACADEMIC SERVICES
– increase library budgets
– increase funding for computing and information services
WHERE SIMMONS WILL FIND $80 MILLION OVER THE NEXT THREE YEARS:
TUITION & FEES
– raise total student charges 4.6 percent this fall ($3 million)
ENROLLMENT
– budget for average annual enrollment of 5,645 undergraduates and 700 graduate students ($18 million)
ENDOWMENT
– increase the draw from 4.6 percent to 5.25 percent ($23 million)
FUND-RAISING
– raise annual giving by 15 percent ($4 million)
– increase unrestricted giving ($9 million)
– donations to support need-blind admissions ($4 million)
NONACADEMIC BUDGET SAVINGS
– reduce the use of outside vendors when possible ($5 million)
– capture savings from staff vacancies ($14 million)