The Board of Visitors approved an undergraduate in-state tuition increase of 9.9 percent and a 6.6-percent increase for out-of-state students for the 2008-09 school year in late April in order to compensate for state budget cuts and to support the funding needs of AccessUVa, according to Melody Bianchetto, assistant vice president for budget and financial planning.
A Virginia resident will now pay $7,498 for tuition, which includes educational and general fees but excludes student activity and auxiliary fees. The total tuition and fees level will be $9,300. An out-of-state student, meanwhile, will pay $27,798 for tuition; tuition and fees total to $29,600.
The average total price for a first-year undergraduate student next year, including room and board, will be $17,318 for a Virginia resident and $37,618 for an out-of-state student.
The increases are consistent with the University's six-year financial plan submitted as part of the commonwealth's 2005 Restructuring Act, according to Colette Sheehy, vice president for management and budget. The six-year plan was most recently updated in October 2007 based on commonwealth assumptions that general fund money allocation to the University would increase $11 million for 2008-09, Sheehy said; however, commonwealth budget cuts decreased that amount to $4.5 million for the University in 2008-09.
Bianchetto said the University has one of the higher tuition prices of public schools nationwide but receives a relatively small amount of funding
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