Friday, April 14, 2006
RICHMOND, Va. (April
14, 2006) – The total cost of education for undergraduate in-state
students at Virginia Commonwealth University – including tuition, fees,
student housing and dining plans – will increase 5.3 percent for the
2006-2007 academic year.
The VCU Board of
Visitors today approved total charges of $13,082 for the upcoming
academic year, an increase of $655 over the previous year. Out-of-state
students will pay $24,879, a 1.6 percent increase.
The board set tuition
and fees for full-time, in-state undergraduate students at $5,819, an
increase of $434 over the previous year. Out-of-state undergraduate
students will pay $17,616, which represents a $176 increase in fees and
no increase in tuition. The tuition rate for out-of-state students
reflects 131 percent of the actual cost of education.
said the tuition and fee charges for the upcoming academic year are
consistent with VCU’s six-year plans that were approved by the board in
October 2005, as well as the university’s strategic plan, which was
approved by the board in February of this year.
tuition and fees rates reflect enrollment growth expected for the
2006-2007 academic year, as well as increases necessary to fund
operation and maintenance for new facilities and cost increases in
utilities and insurance. The university also will set aside $500,000 of
the tuition increase for need-based student financial aid.
“VCU’s tuition and
fee rates for in-state students remain very competitive compared to
other public universities in Virginia,” said VCU President Eugene P.
Trani. “We are sensitive to the cost of higher education and the numbers
of our students who receive financial aid and work, and our priority is
to keep the costs as low as possible while ensuring that our students
receive a quality education at a top research university.”
Tuition and fee
charges for full-time, in-state graduate students will increase $590 or
about 7.6 percent to $8,341 for the upcoming academic year. Out-of-state
graduate students will pay $17,582, an increase of $176 or 1 percent.
Tuition and fees for
entering Virginia medical students will increase 6.7 percent, from
$24,017 to $25,633. Tuition and fees for entering out-of-state medical
students will increase from $38,166 to $39,237 or 2.8 percent.
The VCU Board of
Visitors will consider the full budget plan for the 2006-2007 academic
year at its regular quarterly meeting on May 19.
About VCU and VCU Medical Center
Virginia Commonwealth University is a major, urban public research university with national and international rankings in sponsored research. Located in downtown Richmond, VCU enrolls more than 31,000 students in 226 degree and certificate programs in the arts, sciences and humanities. Sixty-seven of the programs are unique in Virginia, many of them crossing the disciplines of VCU’s 13 schools and one college. MCV Hospitals and the health sciences schools of Virginia Commonwealth University comprise VCU Medical Center, one of the nation’s leading academic medical centers. For more, see www.vcu.edu.