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UVA Board of Visitors Votes to Increase Tuition - NBC29 WVIR Charlottesville, VA News, Sports and Weather

UVA Board of Visitors Votes to Increase Tuition

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University of Virginia University of Virginia

Both in- and out-of-state students will pay more to attend the University of Virginia next year.

The UVA Board of Visitors voted 15-2 to raise tuition, with Rector Helen Dragas and Dr. Edward Miller voting against the hike.

Incoming students next year will be the first to feel the impact of the increase. Here's how the numbers break down for undergraduates: In-state tuition will go up 3.8 percent, bringing the total to $12,458 for full-time students. Out-of-state students will see a $4.8 percent hike and pay a total of $39,844.

Undergraduate meal prices will also go up - almost 3 percent. That means meal plans will range anywhere from $200 to nearly $5,000 a semester.

Students will pay more to live on grounds, with an increase of $168. The McIntire School of Commerce, the School of Engineering and Applied Science, and the university's College at Wise are also facing various tuition hikes.

The university says 34 percent of in-state and 31 percent of out-of-state students will qualify for financial aid.

This comes as Governor Bob McDonnell issued a letter to college presidents and boards across the state, urging them to keep tuition affordable, saying, "I remain concerned about the affordability of post-secondary education for the young people in Virginia."

Read more of McDonnell's letter below.


Office of Governor Bob McDonnell
MEDIA RELEASE

Governor McDonnell Asks College Presidents and Boards to Help Limit Future Tuition Increases

In Letter to Presidents and Boards, Governor Writes: "I remain very concerned about the affordability of post-secondary education for the young people of Virginia… I need your continued innovation and leadership in holding down in-state tuition and fee increases."

RICHMOND – Governor Bob McDonnell issued a letter earlier this month urging college presidents and boards to voluntarily keep in-state tuition increases for the upcoming fall semester to the annual increase in the Consumer Price Index. Virginia colleges and universities worked closely with the administration last year to hold tuition increases to an average of 4.1 percent, the lowest average tuition increase in a decade. Virginia's colleges and universities are currently determining tuition rates for the upcoming school year.

In the letter, the governor writes, "…Last year I asked for your help in making higher education a more affordable option for Virginia students by keeping increases for in-state tuition and mandatory fees low. After a decade plus of nearly double-digit tuition increases and mounting student loan debt, the cost of higher education is on the minds of parents, students and policymakers.

"With the support of the General Assembly, we were able to invest an additional $47 million in higher education on top of the $350 million in new money I requested and the General Assembly approved over the past three years. These significant new investments will help create greater access and affordability in higher education, and support our goal of an additional 100,000 degrees over the next 15 years with a focus on STEM-H disciplines.

"Even with this progress, I remain concerned about the affordability of post-secondary education for the young people of Virginia. I need your continued innovation and leadership in holding down in-state tuition and fee increases. I ask that you make every effort to keep in-state tuition and fee increases for the fall semester to the rate of inflation measured by the Consumer Price Index, after taking into account institution-specific state budget actions, and considering any unavoidable cost increases for FY14. I recognize that each institution has a different mission and goals that must be taken into account when making these decisions. Some institutions are considering innovative tuition policies to create greater predictability by establishing guaranteed tuition for a students' four-year program, while others are evaluating differential tuition policies in areas where the actual cost to provide the degree is higher (STEM), and graduates in these same programs have greater average earning potential. I encourage you to evaluate these and other tools that keep access affordable and tuition lower. I ask you to continue to aggressively pursue recommendations from internal and external reviews for cost savings, and in implementing the reallocation of resources' policy embodied in the budget."

 


 

University of Virginia
Press Release

CHARLOTTESVILLE, Va., April 18, 2013 — The University of Virginia Board of Visitors voted on Thursday to set tuition and fee rates for the 2013-14 academic year.

The new structure allows the University to advance its academic mission while remaining responsive to concerns about the affordability of a college education and absorbing increased costs mandated by the state.

The board voted to increase tuition and mandatory fees for in-state undergraduate students by 3.8 percent, or $452 annually, to $12,458. Out-of-state student tuition and fees will increase by 4.8 percent, or $1,826 annually, to $39,844.

The total cost of education, which includes tuition and fees, first-year orientation fee, room and board, books, travel and miscellaneous expenses, is projected to be about $26,100 for an in-state student, or an increase of 2.9 percent. The projected total cost for an out-of-state student will increase by 4.3 percent to about $53,800.

The University projects that about 34 percent of its in-state students will qualify for some kind of financial aid, with about 31 percent of out-of-state students projected for aid. After factoring in grant aid, the average net price for a first-year undergraduate Virginia resident is expected to be $14,723. The average, first-year net price for a non-Virginian after factoring aid is $28,491.

Discussion among board members revolved around the sensitivity to limiting tuition increases out of concern for Virginia families, while also acknowledging the need to keep pace with rising costs and inflation and invest in measures that will improve academic quality, such as improving faculty pay. The Board of Visitors in February endorsed a resolution supporting a raise in average faculty pay into the Top 20 of U.Va.'s Association of American University peers in the next four years. U.Va. is currently ranked No. 34.

At Thursday's meeting, the board and administration also noted that the state has approved faculty and staff compensation increases for the coming year. However, the University must cover a portion of those costs.

Executive Vice President and Chief Operating Officer Patrick Hogan confirmed that funding equal to 3 percent of the 3.8 percent tuition-and-fee increase already is earmarked for new costs such as state mandates, and that does not account for the cost of inflation, projected at 1.8 percent. Hogan added that the University has identified $4 million in savings through cuts and operating efficiencies this year, which it plans to use to help fund a plan to raise faculty salaries in the coming years.

The board approved the tuition-and-fee structure 14-2, with Rector Helen E. Dragas and Dr. Edward D. Miller casting the dissenting votes.

Board members also approved the final year of a three-year phase in of a tuition differential for the McIntire School of Commerce, which includes increasing the school's tuition and fees 9.1 percent for Virginians to $17,458, for the third and fourth years.

Tuition for students in the School of Engineering and Applied Science will be increased by $2,000 per year, in addition to a 3.9 percent base increase, and will be phased in over four years. In 2013-14, first year state residents will pay $14,458 in tuition and fees. Engineering school first-year non-Virginians will pay $41,844.

The price of undergraduate meal plans will increase by an average of 2.9 percent, with total rates ranging from $200 to $4,690. Student housing rates for 2013-14 will increase by an average of $168, or 3.5 percent. The average double-room charge will be $5,337 for a nine-month lease.

Tuition and mandatory fees for in-state students at the University's College at Wise will increase by $402, or 5 percent, to $8,509. Out-of-state tuition and fees will increase by $1,090, or 4.8 percent, to $23,565.

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