The University of Virginia Board of Visitors in April 2012 approved a 3.7 percent increase in tuition and mandatory fees for in-state students for the 2012-13 academic year. This is the smallest tuition increase in a decade.
The action represents the University’s recognition of economic realities of families, political pressures on rate increases, and continues to reflect the steady decline of state support for higher education. The new rates also continue U.Va.’s focus on retaining its best faculty and attracting the best faculty to Grounds.
For Virginia residents, tuition and fees in 2012-13 will increase by $430 annually to $12,006. The increase for out-of-state students is 4 percent, or $1,448 annually, to $38,018.
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 approximately $25,400, an overall increase of 4 percent, for an in-state student. At $51,600, the cost of a University education for an out-of-state student continues to be more than double that for an in-state student.
The University expects to continue to meet the full need of students who qualify for financial aid, through the AccessUVa program. Funding for AccessUVa is projected to reach $94 million in the 2012-13 fiscal year.