The Virginia Commonwealth University Board of Visitors voted Friday to set tuition and fees for the 2022-23 academic year. Tuition will increase by 3%, the first tuition increase for undergraduate students since the 2018-19 academic year. The increase is necessary to cover VCU’s expected salary increases for faculty, staff and adjuncts; to increase student support; and to address the higher costs of maintenance and utilities.
The board also voted to increase mandatory student fees by $ 146 or 4.7% in the 2022-23 academic year, including a $ 112 increase in university fees, a $ 15 increase in technology fees, a $ 5 increase in health service fees, a $ 10 Increase the academic support services fee and a $ 4 increase in library fees for the same types of needs and growing costs. VCU’s mandatory fees remain among the lowest for Virginia colleges and universities.
Rates for the academic year, including those for housing, dining and parking, can be found on the Student Financial Services website.
Typical in-state undergraduate students enrolled in 15 credits per semester will pay $ 15,642 in tuition and mandatory fees in the 2022-23 academic year, an increase of $ 524. Out-of-state undergraduate students’ tuition and mandatory fees would be set at $ 37,588, an increase of $ 1,132.
The proposed budget anticipates a 5% average merit pool increase for faculty and staff compensation. Adjunct faculty would also receive a 5% salary increase.
“Due to significant and unprecedented challenges, VCU has not raised undergraduate tuition for the past three years,” said VCU President Michael Rao, Ph.D. “This decision reflects deep and careful consideration of the needs of our community, with a focus on the quality of educational experiences and services. A 3% increase will allow VCU to prioritize the needs of students and continue to deliver a high-quality educational experience by our deeply committed faculty and staff. “
More information about this budget is available at budget.vcu.edu.
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