For Immediate Release: July 31, 2015
RICHMOND — Virginia undergraduates at public four-year colleges and universities in the Commonwealth can expect to pay an average of $11,592 in tuition and all mandatory fees next year. These charges range from a low of $8,266 at Virginia State University to a high of $19,372 for freshmen and transfer students at the College of William and Mary. Students attending one of Virginia’s 23 community colleges will pay $4,275 on average. These charges represent an increase of $655 or 6.0% at our four-year institutions and $195 or 4.8% more at the community colleges.
"Even though the price to students and parents continues to increase, Virginia remains committed to affordable access, student success and educational excellence," said SCHEV Director Peter Blake. "A strong and sustained investment in higher education will help ensure that Virginia remains economically and culturally prosperous."
Analysis of tuition and fees at public colleges and universities is part of an annual report released today by SCHEV. It includes a discussion of the funding received from the General Assembly. The period covered by this report represents a particularly complicated scenario that impacted not just higher education, but all entities that receive general fund tax dollars in Virginia. The first goal of the Virginia Plan for Higher Education, the statewide strategic plan for higher education recently developed by SCHEV and endorsed by the legislature, is to provide affordable higher education access for all. The alignment of state appropriations, financial aid, and tuition and fees, will be critical to achieving this goal.
Additional information and metrics about tuition and fee rates are available in the full report at www.schev.edu/Reportstats/TuitionFees/2015-16TFreport.pdf. The report includes a breakdown of increases at individual colleges and universities in Virginia as well as comparisons to other states. SCHEV also takes this opportunity to remind college-bound students and their families that it’s never too soon to start saving for higher education with vehicles such as Virginia529. "A college education is a long-term investment that pays benefits over a lifetime," says Blake.
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 Lee Ann Rung, Director of Executive and Board Affairs, at LeeAnnRung@schev.edu or (804) 225-2602.