Name: Virginia Tech might raise tuition rates by up to 2.9%
Brand: richmond.com
SKU: richmond-com-130
Availability: OnlineOnly

critic

Virginia Tech might raise tuition rates by up to 2.9%

preview

Please subscribe to keep reading. You can cancel at any time.Loading&amp;hellp;{{title}}{{description}}{{banner}}(renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax){{tagline}}{{special_title}}{{html}}You have permission to edit this article.© 2022 Lee EnterprisesShare ThisVirginia Tech might raise tuition rates by up to 2.9%Share thisROANOKE — Virginia Tech could either freeze tuition or raise rates up to 2.9% when its board of visitors considers the matter next month.The university said Friday that mandatory fees could also increase by up to $90 per student to cover state-mandated employee benefit cost increases and student health and counseling services.The board will make its final decision assuming the state finishes its budget next month.If Tech’s board of visitors opts to increase tuition rates for the 2021-22 academic year, it would break a two-year streak of keeping tuition costs steady. The university didn’t raise tuition last year, citing the effect of the COVID-19 pandemic and economic crisis on families’ financial struggles. In 2019, universities across Virginia froze tuition in exchange for more state money.A 2.9% tuition increase would cost a Virginia resident an extra $331.18 on top of a yearly tuition of $11,420. Undergraduates from outside Virginia would pay $868.84 above the current $29,960 tuition.“Over the past several years, the board has sought to balance the affordability of a Virginia Tech education with targeted investment that will position the university as a global leader in teaching, research and innovation,” the university said in a news release. “With a heightened focus on student affordability amidst the ongoing COVID-19 pandemic, the university has leveraged incremental state funding with cost containment strategies, administrative efficiencies, and the reallocation of existing resources to support these high-priority needs.”Listen now and subscribe: | | | | |The pandemic economy largely spared the university’s education budget — which covers professor salaries and other academic costs — because the General Assembly kept its funding promises to higher education.But Virginia Tech lost $60 million in an auxiliary budget that pays for housing, dining, athletics and other aspects of campus life. The pandemic prompted the university to restrict meal plans, free up dorm halls for quarantine space, refund some housing costs, and forego ticket sales to football games.The board has not yet considered room and board rates for the upcoming year, Tech spokesperson Mark Owczarski said. He said costs mandated by the state budget would inform whether the university will seek to raise those rates.On March 8, Tech will host a one-hour public comment period specifically about the proposed tuition and fee increases. The hearing will be held at 1:15 p.m. in Assembly Hall at the Holtzman Alumni Center.Speakers must register at by March 5. They will be limited to three minutes. Written comments can be submitted through March 14, the university said.Board members will meet March 22 to consider the potential tuition and fee increases.The university says tuition increases might be needed because of “various budget implications of the state’s General Assembly actions and other major initiatives that impact university costs in the upcoming year.” The university did not provide details.The university raised tuition by 2.9% in each of the three years before 2019.{{title}}{{summary}}You don't have any notifications.Get up-to-the-minute news sent straight to your device.Topics

Please subscribe to keep reading. You can cancel at any time.Loading&amp;hellp;{{title}}{{description}}{{banner}}(renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax){{tagline}}{{special_title}}{{html}}You have permission to edit this article.© 2022 Lee EnterprisesShare ThisVirginia Tech might raise tuition rates by up to 2.9%Share thisROANOKE — Virginia Tech could either freeze tuition or raise rates up to 2.9% when its board of visitors considers the matter next month.The university said Friday that mandatory fees could also increase by up to $90 per student to cover...

Virginia Tech might raise tuition rates by up to 2.9%

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS