Board of Visitors increases tuition
By Paul Quinlan | April 8, 2002The University's Board of Visitors voted this weekend on plans for tuition and fee increases, approving the Board Finance Committee's recommended 8.8 and 8.5 percent hikes for in-state and out-of-state students, respectively. These finalized changes will raise the total tuition and required fees from $4,197 to $4,569 for Virginia residents and from $18,229 to $19,779 for non-Virginians. Following the Virginia General Assembly's $124.3 million reduction in higher education funding across the state, state lawmakers decided to keep individual college and university reductions within the range of 3.2 to 15.8 percent, depending on each institution's financial health. Additional revenues generated by a high out-of-state student population led the General Assembly to approve a 15.6 percent, or $25.7 million, cut in state funding for the University. "The tuition that's generated [from the increases] only covers half of that amount," said Colette Sheehy, vice president of management and budget.
