Tuition will go up at Virginia Tech University, William & Mary University, and James Madison University for the 2023-2024 school year, and could increase at other Virginia colleges and universities.
Universities across Virginia are faced with financial crunches because they do not know definitively how much state funding they will receive. State lawmakers do not have a final budget yet.
The Virginia Tech Board of Visitors on Friday voted for increases in both tuition and room and board.
Tuition will go up 4.9 percent for both in-state and out-of-state undergraduate and graduate students. Room and board will go up $990 a year, and there will be a $208 increase to $2,585 in the Blacksburg university’s mandatory comprehensive fees.
The cost for an undergraduate living on campus next year will be $27,222, according to the university. Tuition would be $12,697 a year and room and board, $11,746. For an out-of-state student, the cost to live on campus would be $48,439, with tuition costing $33,310 a year.
Virginia Tech said tuition and mandatory fees for in-state graduate students will go up by $929 to $18,012 and for out-of-state graduate students by $1,651 to $34,084.
The university said in the past five years, in-state tuition rates have gone up 9 percent.
William & Mary University in Williamsburg on Friday ended a five-year freeze on tuition. The university said the combined average increase in tuition for the 2023-2024 year will be 4.5 percent for in-state students and 4.7 percent for out-of-state students.
William & Mary said it is trying to balance a $23 million budget gap due to inflation-related expenses and state-mandated costs.
The James Madison University Board of Visitors increased in-state tuition by $230 a year and out-of-state tuition by $384 a year. Mandatory undergraduate fees went up $254. Graduate tuition went up $16 per credit out for in-state students and $21 per credit for out-of-state graduate students.
At George Mason University, a $300 tuition increase and a 3 percent increase in mandatory student fees will be considered on May 4.
Virginia Commonwealth University may see a 3 percent to 5 percent increase for undergraduate and graduate students, as well a $190 increase in mandatory fees. A vote will be taken May 12.
Feature image courtesy Valerii/stock.adobe.com
For more stories like this, subscribe to Northern Virginia Magazine’s News newsletter.
