The Finance Committee of the Board of Visitors will meet virtually Friday at 11 a.m. for a workshop on proposed undergraduate tuition and fee increases, according to an announcement released Nov. 6. The Committee will also hear public comment at the workshop — individuals can register to provide comment by emailing email@example.com until Thursday at 5 p.m.
Speakers who register will have the opportunity to address the Board for three minutes and will be limited to discussing changes in undergraduate tuition and fees. Written comments also may be sent to firstname.lastname@example.org.
Virginia state law requires governing boards of public institutions of higher education provide students and the public with a potential range of increases in undergraduate tuition and fees, along with an explanation of why the increases are necessary.
Among the proposed changes to be commented on at Friday’s meeting are the cost of undergraduate degree-seeking tuition and educational and general fees, as well as mandatory non-educational and general fees.
Undergraduate degree-seeking tuition and fees are proposed to increase between a range of 3 percent and the Higher Education Price Index — a measure of the inflation rate of the cost of higher education in the U.S. — which currently sits at 4.4 percent. The increase is applicable to each academic year from 2024 to 2026.
Non-educational and general fees are also slated to increase between a range of 3 percent to 4.4 percent for each academic year from 2024 to 2026. According to a notice from the Board, the monetary increase in these fees is necessary to meet increased operating costs for outlets like mental health services, staffing shortages and minimum wage increases.
Current tuition and fees for first-year students in the College of Arts and Sciences total $37,828 for in-state students and between $75,440 to $76,720 for out-of-state students. Costs increase each year and also typically increase in other schools at the University, including the McIntire School of Commerce and the Frank Batten School of Leadership and Public Policy.
At minimum, a 3 percent increase would increase tuition and fees for first-year College students to a total of $38,962 for in-state students and $77,703 for out-of-state students. The University is typically ranked highly in value by national metrics — tuition and fees at the University have, however, increased at rates higher than both the national and Virginia average.
The Board approved a 4.7 percent increase for the 2022-23 academic year and 3.7 percent increase for the 2023-24 academic year in 2021. The Board also froze tuition and fees during the 2021-22 school year for all undergraduate students, except those who entered the College in 2019.
Tuition generally funds faculty and staff salaries, daily operations and AccessUva, which is an umbrella term for all of the University’s need-based financial aid programs
The meeting will be livestreamed here.