|
April 22, 2006 – The University of Virginia's Board of Visitors voted today to increase in-state, undergraduate tuition and fees by $665 annually for the 2006-07 academic year. Out-of-state students will pay an additional $1,845.
This fall, undergraduate Virginians will pay $7,845 in tuition and fees, an increase of 9.3 percent above the 2005-06 figures. The total cost of education — including tuition, fees, housing, and dining — will increase by 8.6 percent.
Non-Virginians will pay 7.7 percent more or $25,945 in tuition and fees. The total bill, including housing and dining, will increase by 7.7 percent.
Leonard Sandridge, U.Va.’s executive vice president and chief operating officer, said that the tuition rates are consistent with the University's Six-Year Plan, approved in September 2005, and submitted to the Commonwealth as required under the Restructured Higher Education Financial and Administrative Operations Act.
Sandridge added that incremental revenues generated from the proposed tuition and fee rates will fund a number of priorities as well as unavoidable cost increases in such areas as utilities and fringe benefits.
Chief among the priorities to be funded are competitive salaries for faculty and staff, deferred maintenance on Grounds, core investments in academic activities, and Access UVa, the University's financial aid program.
"We are always mindful of the need to minimize the impact that our costs have on students and parents," Sandridge said. "We are committed to AccessUVa as a way to ensure that a University education is affordable for all students who qualify for admission."
Under AccessUVa, the University meets 100 percent of students’ financial need. Students whose family incomes are at or below an amount representing 200 percent of the federal poverty line — $37,700 for a family of four — will have their need met by grants; others will have their loans capped at 25 percent of the total, in-state cost of four years of education at U.Va. | 
