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Financing the University 101

Last Updated: July 24, 2012

With more than 14,000 undergraduate students, almost 16,000 full-time-equivalent workers and an overall budget of $2.6 billion, the University of Virginia, its Medical Center and the College at Wise combine to form an organization of great complexity.

So, how is it all paid for?

A new U.Va. site ­called Financing the University 101 has the answers.

How much does the University receive in state funding?

What are the University’s main expenses?

How is tuition determined?

What role does philanthropy play?

How is the endowment used in financing the University?

Find answers to these and many other questions about the University of Virginia’s finances. U.Va., it turns out, depends on diverse sources of funding, including patient revenues, tuition, research grants, philanthropy, auxiliary revenues and state appropriations.

Click here to visit the full site.