Board Of Visitors Sets 2004-05 Tuition And Fees
April 15, 2004 --
Virginians studying at the University of Virginia will pay $636
more in tuition and fees next year, for
a total of
$6,600 per year, under a package of tuition and fee increases approved
today by the University’s Board of Visitors. Their non-Virginian
classmates will pay an additional $716, for a total of $22,700.
new figures represent a 10.7 percent increase for in-state students
over last year’s prices for tuition and fees of
$5,964, but only an 8.7 percent ($1,006) increase when the total
cost of education, which includes room and board, is used as
the basis for comparison.
will see a 3.3 percent rise in tuition and fees
over last year’s cost of $21,984, and a 3.9 percent ($1,086)
rise in the total cost of education.
increase comes at a time when the state budget has stalled in
the General Assembly,
and state agencies, including colleges
and universities, are being
required to make financial decisions without the benefit of knowing what
their state appropriations will be.
issues in the form of state-mandated tuition rollbacks and consecutive
of tuition freezes have dogged higher
education in Virginia for much
of the past decade. As a result, the 2003-04 tuition at U.Va. is actually
inflation-adjusted 1995-96 tuition.
addition, over the current two-year budget cycle, 2002 through
2004, the Commonwealth cut $617 million
in taxpayer support from higher education
in a 31.1 percent reduction in state appropriations to U.Va. During
the current budget year, the state is providing 8.1 percent of
total budget, which includes the Medical Center.
vice president for management and budget, said today’s tuition
and fee increases should work with whatever state budget is eventually
signed into law. “No matter which budget proposal emerges
during the current legislative process, some tuition increases are
unavoidable and necessary to maintain the quality of education at
the University,” she
so, “we try never to talk about tuition without also
talking about access to education and financial aid,” said
Leonard W. Sandridge Jr., the University’s executive vice
president and chief operating officer.
February, the University made history among public institutions
of higher education by launching a groundbreaking financial aid
program called “Access
UVa,” through which all eligible undergraduate students
will be offered financial aid packages that meet 100 percent
demonstrated need. Students
whose family income is at or below 150 percent of federal poverty
guidelines will receive grants in place of student loans and
thereby graduate free of debt.
Beginning in fall 2005, all other students receiving need-based
aid will have their loans capped at 25 percent of the total cost
of an in-state education in
order to reduce the debt they carry at graduation.
$2 million of the $11.6 million in additional revenue yielded
increases will augment the funding for Access
UVa. The new
will fund additional salary and benefit increases for faculty
and staff ($7.6 million), and increased utility, lease and
operating and maintenance
“Even with these increases, we expect that a U.Va. education will remain
a relative value in the higher education marketplace,” Sheehy said.
Contact: Carol Wood, (434) 924-1400