Contact:
Bob Spieldenner
(804) 225-2628
bobspieldenner@schev.edu

August 1, 2024

FOR IMMEDIATE RELEASE

RICHMOND — Tuition and mandatory fees for the 2024-25 academic year at Virginia’s public higher education institutions increased 2.6% from last year for all in-state undergraduate students, according to the annual Tuition & Fees Report issued by the State Council of Higher Education for Virginia (SCHEV) today.

The following are key findings from the 2024-25 Tuition and Fees Report for in-state undergraduates.

• Institutions increase tuition and instructional fees. Tuition and mandatory educational and general (E&G) fees (those fees related to instruction and supported by the state) increased by 2.6% ($244) for in-state undergraduate students at the system level.
• State support for in-state undergraduate education increased. Virginia undergraduate students on average will pay 42% of the costs related to education while the state will provide 58%. Though this percentage remains below Virginia’s cost-share policy of covering 67% of costs, it does represent a 5% improvement from last year.
• Virginia’s in-state undergraduate total tuition and fee charges for four-year institutions as a percentage of per-capita disposable income remain higher than the national average. Virginia’s rate is 43.3% compared to 39.9% nationally.
• Total charges at baccalaureate institutions increased. The average sum of tuition, all mandatory fees and room and board are $28,640 for the 2024-25 academic year, an increase of 3.4% ($949) for in-state undergraduate students.
• Affordable options to reduce the cost of higher education are available, including the use of transfer and financial aid. For example, students who complete an associate degree at a community college and transfer to a baccalaureate institution can save an average of $21,423 of the tuition cost of a bachelor’s degree. For the 2024-26 biennium, Virginia appropriated $42 million in additional support for undergraduate need-based student aid, which includes both statewide and targeted financial aid programs to help ensure access and affordability for students.

2024 – 25 Full-Time In-State Undergraduate Total Charges

Notes:
1) Includes Richard  Bland College – a selective, residential, two-year college to prepare students for transfer to four-year colleges.
2)   Average charge for the majority of students at each institution, excluding tuition differentials.

The full report and all SCHEV reports are available at schev.edu/reports.

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The State Council of Higher Education for Virginia is the state’s coordinating agency for higher education. With Pathways to Opportunity: The Virginia Plan for Higher Education, SCHEV is dedicated to making Virginia the best state for education by 2030. For more on this statewide strategic plan, visit schev.edu/TheVirginiaPlan.