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SCHEV report: Rising tuition and fees continue to affect students and families

by Elizabeth Liverman | Aug 06, 2018
SCHEV report: Rising tuition and fees continue to affect students and families

Contact: Laura Osberger
lauraosberger@schev.edu
(804) 786-2323 (o) or (804) 387-5191 (m)

August 6, 2018
For immediate release

RICHMOND — In-state undergraduate students at Virginia's four-year universities can expect to pay anywhere between $9,056 and $23,400 in tuition and all mandatory fees for the 2018-19 academic year. Students at Virginia’s two-year institutions will pay $4,620 at the Community Colleges and $8,100 at Richard Bland College. These figures represent an average increase of $612 (5.1%) over the previous year. Average room and board is expected to increase by $365 (3.5%). 

Detailed information is available in the State Council of Higher Education’s (SCHEV) annual Tuition and Fees Report released last week and available at this link

Total charges for undergraduates at four-year institutions in Virginia (which includes tuition, mandatory fees and room and board) will be $24,003, or 50.0% of average per-capita disposable income, up from 47.8% in 2017-18 and the highest level ever. At public two-year institutions, which cost less and do not offer room and board (except for Richard Bland College), Virginians will pay an average 11.1% of disposable income, slightly increased from 10.9% in the prior year. 

The cost of education is taking a bigger bite out of the budgets of students and families who now pay, on average, 55% of the cost at four-year institutions, while the state pays 45%. This is 22 percentage points below the 67% outlined in the state’s cost-share policy.

Although tuition and fee costs continue to climb, affordable options exist for students to pay significantly less than the stated tuition and fee amounts. For example, students can save by seeking financial aid, comparing net price vs. total charges, utilizing the two-year transfer programs and completing a degree on time. 

SCHEV Director Peter Blake said, “The cost of higher education is a shared responsibility. This year’s report highlights the importance of aligning institutional costs, state support and student decision making. By doing so, every Virginian will find an affordable pathway to an outstanding college education.” 

The 2018 Tuition and Fees Report,a summary and downloadable charts from the report are available at www.schev.edu/2018TuitionandFeesReport

Media resources — including links to downloadable high-resolution photos and logos, news advisories and releases — are available at www.schev.edu/media.

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The State Council of Higher Education for Virginia is the state’s coordinating agency for higher education. With The Virginia Plan for Higher Education, SCHEV is dedicated to making Virginia the best-educated state by 2030. For more on The Virginia Plan, visit schev.edu/index/statewide-strategic-plan.
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