Virginia Tech Board of Visitors to consider 2019-20 tuition and fees at April 1 meeting
February 28, 2019
In accordance with section §23.1-307.D. of the Code of Virginia, the university provides notice that the Board of Visitors will meet Monday, April 1, at 1:15 p.m. in 2100 Torgersen Hall to review the various budget implications of the state’s General Assembly actions and other major initiatives that impact university costs for the upcoming year.
The board will consider a tuition and mandatory fee strategy to satisfy these cost drivers and support the university’s strategic plan. Board members will consider a combination of tuition and fee adjustments to address increasing costs of personnel; fringe benefit rate increases; escalation in fixed costs; investment in academic programs, including faculty; and enhancing high-demand student support services.
To further advance the access to and affordability of a Virginia Tech education, the university is also working to increase student financial aid programs.
The summary below provides the projected ranges of adjustments to undergraduate tuition and mandatory fees. Final decisions will be influenced by the university’s assessment of the outcomes of the 2019 General Assembly session, including new mandated costs and incremental state support for the university.
The following projected ranges of undergraduate tuition and fee adjustments will be considered by the Virginia Tech Board of Visitors:
- Virginia resident undergraduates: A combination of state General Fund support and tuition and fee revenue fund the education of Virginia undergraduates. New state support may help the university hold tuition and educational and general (E&G) fee increases to between 0 percent and 3.9 percent.
- Non-resident undergraduates: Taxpayer support is not provided to support nonresident students. Therefore, nonresident tuition and E&G fees may increase between 2.7 percent and 3.1 percent.
- All students: Auxiliary enterprises delivering noninstructional services including health care and counseling, transit, and student activities do not receive taxpayer support or tuition revenue, and therefore rely only on mandatory non-E&G fees, commonly known as Comprehensive Fees, which are assessed to all students. Cost drivers, such as mandated compensation adjustments and critical needs including expanded student counseling and transit services may result in a fee increase of the Comprehensive Fee between 2.9 percent and 3.9 percent.
These ranges reflect the university’s continued efforts to minimize tuition and fee increases to the extent possible through a combination of cost containment, reallocation of existing resources toward higher priority needs, and incremental state investment.