University Revenue per Award, 1987 through 2016
Total revenue (state appropriations, tuition and fees) per award (bachelor’s, master’s, and doctoral degrees) is a measure of efficiency in degree production at Tennessee universities. Revenue per award has declined in the last three decades, from a high of $79,491 in 1986-87 to $66,809 in 2015-16. This means that it now costs less to produce a degree at a Tennessee university than it did thirty years ago. Additionally, the total amount of state appropriations per award has declined significantly, corresponding to a greater reliance on tuition and fee revenue for each award (from 27.1 percent tuition and fee revenue in 1986-87 to 68.4 percent in 2015-16).