Undergraduate tuition at U. Va., U. Va. Wise to increase

The University of Virginia Board of Visitors announced tuition increases for undergraduate students at U. Va. and U.Va. Wise for 2014-15. 

Tuition and mandatory fees for first-year undergraduate, in-state students at U.Va. will increase by 4.3 percent.  The rate for out-of-state students is increasing by 5.9 percent.  The total cost of attendance at U. Va. for a first-year Virginia resident will increase by $949 to $27,417.

At U. Va. Wise, tuition and fees for in-state first-year students will rise by 4.2 percent, while out-of-state rates will increase by 4 percent.

Revenue from the new rates  at U.Va. will be used for for faculty and staff compensation, funding priorities for the university’s strategic plan and to cover the increase in its mandatory contribution to the Virginia Retirement System.

“The University of Virginia remains a tremendous value for students from all walks of life,” George Keith Martin, the university’s rector said in a statement. “The tuition plan approved today helps sustain and enhance success by supporting investments in priorities such as our superb faculty and an even more distinctive residential culture.”