Aug 5, 2013
SCHEV Reports Modest Average Tuition Increases for 2014 Mixed with Two New Pricing Models
RICHMOND — Virginia undergraduates at public colleges and universities in the Commonwealth will experience an average increase of 5.1% in tuition and mandatory education and general fees this fall. While this is slightly higher than last year’s increase of 4.5%, it represents the second-lowest average hike in ten years. The annual report from the State Council of Higher Education for Virginia (SCHEV), entitled “2013-14 Tuition and Fees at Virginia’s State-Supported Colleges and Universities,” shows that in-state undergraduates at four-year public institutions will experience an average increase in tuition and all mandatory fees of 4.7%, or about $468 more than last year. Virginia students attending community colleges will see a 4.4% increase, paying about $165 more per year.
“The relatively low tuition increase for the second year in a row can be attributed in part to reinvestment in higher education by Governor McDonnell and the General Assembly,” said SCHEV Director Peter Blake. “The additional $25.1 million in general fund support for higher education approved in 2013 shows an understanding and commitment to the importance of higher education to the Commonwealth’s economy and overall standard of living. It also demonstrates ongoing efforts by Virginia’s colleges and universities to be more innovative and efficient.”
The College of William and Mary (CWM) and Virginia Commonwealth University (VCU) introduced significant changes to their tuition models which will impact new undergraduate students but have little impact on returning students. At CWM, new undergraduate students will pay 20% more in tuition than last year's charge but that price will be guaranteed for four years of undergraduate study. At VCU, new undergraduate students will be charged by the number of credit hours they take per semester—what VCU's leadership refers to as a market-based pricing structure. That means a new student with a full course load of 15 credits per semester can expect to pay 25.4% more than last year's rate. Tuition increases for returning undergraduate students will be 1.8% at CWM and 4% at VCU.
Additional information and metrics about tuition and fee rates are available in the full report at http://www.schev.edu/Reportstats/TuitionFees/2013-14TFReport.pdf.
SCHEV is the Commonwealth’s coordinating body for Virginia’s system of higher education. The agency provides policy guidance and budget recommendations to the Governor and General Assembly, and is a resource for Virginia colleges and universities on higher education issues. For more information, contact Kirsten Nelson, Director of Communications and Government Relations at email@example.com or (804) 225-2627.