Chart: Total Tuition Discount
The information listed below is part of a chart titled Total Tuition Discount, originally shared in a message from President Schulz, “Our long-term fiscal health”.
The Total Tuition Discount line graph depicts the total tuition discount rate over the last several years. The chart shows WSU’s tuition discount percentage for Fiscal Year 2016 through Fiscal Year 2021, in addition to the ratios of Moody’s Aa2 median, Moody’s Aa3 median, and peer institutions for Fiscal Year 2016 through Fiscal Year 2020.
The desired direction is downward.
Washington State University’s Total Tuition Discount Rate
WSU’s discount rate has fluctuated slightly from FY2016 to FY2020 but is trending upward in FY2021.
| Fiscal Year | Percentage |
|---|---|
| 2016 | 38.7 |
| 2017 | 37.8 |
| 2018 | 39.8 |
| 2019 | 39.0 |
| 2020 | 40.4 |
| 2021 | 43.1 |
Moody’s Aa2 Median Total Tuition Discount Rate
Moody’s Aa2 Median discount rate has increased from FY2016 to FY2020, with the exception of FY2019, when it fell by .3%.
| Fiscal Year | Percentage |
|---|---|
| 2016 | 32.9 |
| 2017 | 33.6 |
| 2018 | 34.6 |
| 2019 | 34.3 |
| 2020 | 36.9 |
The Moody’s MFRA data was sourced on April 15, 2022. Medians may change as more universities report data and may not include any accounting changes or restatements.
Moody’s Aa3 Median Total Tuition Discount Rate
Moody’s Aa3 Median total tuition discount rate has generally trended upward since FY2016.
| Fiscal Year | Percentage |
|---|---|
| 2016 | 29.0 |
| 2017 | 28.6 |
| 2018 | 29.1 |
| 2019 | 30.7 |
| 2020 | 33.0 |
The Moody’s MFRA data was sourced on April 15, 2022. Medians may change as more universities report data and may not include any accounting changes or restatements.
Peer Median Total Tuition Discount Rate
The total tuition discount rate among peer universities waivered around 24% from FY2016 to FY2019 and increased slightly in FY2020.
| Fiscal Year | Percentage |
|---|---|
| 2016 | 24.0 |
| 2017 | 24.4 |
| 2018 | 24.0 |
| 2019 | 24.4 |
| 2020 | 26.2 |
The peer ratio is a calculated median of 11 selected peer universities with similar full-time enrollment, outstanding debt, operating revenue, and an Aa Moody’s rating. 6 universities are in the top 25 public research institution ratings and 5 universities were identified by the Institutional Effectiveness Council as Institutional Peers used to benchmark progress in the 2014-17 strategic plan.