generate $6.6 million to help offset budget cuts
University Of Virginia’s Tuition Surcharge Set At $385
November 6, 2002--
University of Virginia students will pay an additional $385
next semester to help cover $16 million in new state budget cuts,
U.Va. President John T. Casteen III announced at a budget briefing
are trying to prevent severe short-and long-term damage to the University’s
core academic programs and to meet our obligations to enrolled students,”
surcharge, which will apply to all students, including U.Va.’s
Darden, Law and Medical schools, will generate $6.6 million in revenue.
are committed to meeting the financial need that the surcharge may
create for undergraduates and graduate students,” Casteen
said, “and so we have allocated about $725,000 to financial
aid.” $5.9 million will be used to protect core academic programs.
the current fiscal year, cuts to the University’s general
fund (tax) appropriation now total $41.9 million. Tuition increases
effective this fall, which produced $12.1 million, combined with
the new surcharge, will offset $18 million of those cuts.
the surcharge, Virginia undergraduates will pay $4,980 in tuition
and required fees this year. The total for out-of-state students
will be $20,190.
W. Sandridge, U.Va.’s executive vice president and chief operating
officer, noted that no one expects the state budget problems to
be short-lived, so careful planning for the future is essential.
“We are looking hard at the way we do business, both to be
even more efficient and to reduce our dependence on state funds,”
University already has acted to reduce its operating costs by $23.9
million this year, with specific reduction plans for all schools
and other units currently undergoing review and
approval. Additional savings for next year must be identified, Sandridge
said, because the state has already announced cuts totaling $51.6
million for the 2003-04 fiscal year.
University’s Board of Visitors approved a tuition surcharge
in concept last month, with an accompanying requirement that any
financial need it created be met. Rector John P. Ackerly III and
William H. Goodwin Jr., chair of the finance committee, approved
the administration’s specific proposal after the state announced
further budget cuts in mid-October.
Both an ad hoc assembly of professors and the University’s
student newspaper had earlier endorsed increasing tuition as a necessary
step to preserve academic quality.
Louise Dudley, (434) 924-1400