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NEWS RELEASE

Contact:  Kirsten Nelson
(804) 225-2627
KirstenNelson@schev.edu
For Immediate Release

August 5 , 2008
SCHEV Releases 2008 Tuition and Fee Report

RICHMOND — Virginia undergraduate students at public colleges and universities in the Commonwealth can expect to pay 7.3% more on average in tuition and mandatory fees in 2008-09 than they did during the previous academic year, according to the annual report from the State Council of Higher Education for Virginia (SCHEV). 

The report, entitled “2008-09 Tuition and Fees at Virginia’s State-Supported Colleges and Universities,” reveals that in-state students at four-year institutions will experience an average increase in tuition and mandatory fees of 7.0%, or about an additional $499 per year. Virginia students attending community colleges will be faced with a 7.5% increase, paying about $180 more per year. 

This year, the General Assembly continued the use of an incentive fund concept through the Tuition Moderation Incentive Fund (TMIF), which provides $17.5 million in general funds for each year of the 2008-10 biennium.  Institutions were eligible for a share of this fund if they limited in-state undergraduate tuition and E&G fee increases to no more than 4% in 2008-09.  Eleven institutions—or about two-thirds of Virginia’s public colleges and universities—complied with fund requirements. 

“I am pleased that Governor Kaine and the General Assembly members are committed to working with colleges and universities to maintain Virginia’s longstanding tradition of affordable, quality education for its citizens,” says Daniel J. LaVista, SCHEV’s Executive Director. “Given these difficult economic times, it is reassuring that Virginia’s tuition and fee increases seem to be in line with those reported around the country.”

In addition to comparing charges in Virginia to those in other states, the report examines historic trends and the relationship between planned and actual rates of increase at each of the public colleges and universities.  A copy of the full report is available on the SCHEV web site at http://www.schev.edu/reports/reportsindex.asp.

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 information on Virginia colleges and universities on higher education issues.

For more information, contact Kirsten Nelson, Director of Government Relations and Communications, at KirstenNelson@schev.edu or (804) 225-2627.
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