In a Tuesday afternoon meeting, the University of Virginia Visiting Panel voted to approve a proposal by the administration to keep undergraduate tuition fees updated for the 2021-22 academic year.
UVA President Jim Ryan had submitted the proposal, which was worked out in consultation with student groups and took into account feedback from students and families, consultations with the Visitors Committee and thorough deliberation.
Tuition fees and fees are determined by the board of directors.
Tuition fees for graduate and professional programs increased based on market demand, each school’s strategic priorities, and the cost of providing lessons as part of the approved proposal. Today’s vote will not affect any previously approved differences in tuition fees in the top tier or the amount charged on top of the basic fees for additional services and programs for students.
The board approved a $ 114 increase in the mandatory, non-educational, and general student fee. Most of that increase, $ 75, will go to increasing the volume of student health in counseling and mental health services, accessibility requirements in all areas, and general medicine. This is the final year of a four-year plan to expand service offerings as the university expands its student health facilities. The remaining $ 39 will meet needs for recreational facilities, Newcomb Hall, and the Department of Athletics.
The pandemic has resulted in more than $ 100 million in additional spending and lost revenue that the university has managed through hiring and salary freezes, budget cuts, reductions in all discretionary spending, and state and federal support.
Also on Tuesday, the board approved a 3% increase in tuition and general fees for domestic and overseas students at UVA College in Wise in accordance with UVA-Wise’s pre-existing six-year plan has been reviewed with the UVA-Wise College Board.
UVA offers and will continue to offer the most generous financial assistance program in the Commonwealth, covering 100% of the proven financial needs of students. The university offers admission to students regardless of their ability to pay the cost of their education – only one of two public universities in the country that make this commitment. (The other school is the University of North Carolina at Chapel Hill.)
In addition, UVA fully covers tuition and fees for students from families in Virginia who earn less than $ 80,000 per year and have typical net worth. The university pays tuition, room and board for domestic students from families who earn less than $ 30,000 per year and have typical net worth.
On-demand loans are capped at $ 1,000 per year for low-income Virginians and $ 4,500 per year for other domestic students with proven needs.
Last year, UVA provided approximately $ 132.5 million in on-demand grants to students through its Access UVA grant program. Fifty-three percent of undergraduate students received some financial assistance, and 66 percent of UVA undergraduate students received a debt-free degree.
UVA remains high level from a range of publications in value and quality, from US News and World Report to Money Magazine, The Princeton Review and Forbes.
UVA continues to be rated as one of the companies best values in higher education from Kiplinger and Money Magazine, among others.