2024-25 Tuition and Fees Report

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Summary Cover2425TFReport

The Appropriation Act directs the State Council of Higher Education for Virginia (SCHEV) to submit an annual report to the Governor and the chairs of the House Appropriations and Senate Finance and Appropriations Committees documenting the annual change in total charges for tuition and fees approved by the boards of visitors at Virginia public institutions of higher education (Item 4-2.01.b.4.b). The following are key findings from the 2024-25 Tuition and Fees Report.

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keypoint1Tuition and mandatory educational and general (E&G) fees (those fees related to instruction and supported by the state) increased by 2.6% ($243) for in-state undergraduate students at the system level. 

 


keypoint2Mandatory non-educational and general (those fees related to non-instructional or “auxiliary” activities) increased by 3.3% ($149)

 


keypoint3The average tuition and all mandatory fees for in-state undergraduates is $14,460 a 2.8% ($393) increase from the prior year.

 


keypoint4Room and board charges averaged averaged $13,185 at baccalaureate institutions, an increase of 4.2% ($530).

 

 


keypoint5Total charges at baccalaureate institutions — the average sum of tuition, all mandatory fees and room and board — are $28,640 for the 2024-25 academic year, an increase of 3.4% ($949) for in-state undergraduate students.

 


keypoint6While charges have increased, Virginia undergraduate students on average will pay 42% of the costs related to education while the state will provide 58%. Though this percentage remains below Virginia’s cost-share policy of covering 67% of costs, it does represent a 5% improvement from last year.


keypoint7The total charges for in-state undergraduates as a percentage of per-capita disposable income remains higher than the national average at 43.3% at baccalaureate institutions. 

 


keypoint8Students who complete an associate degree at a community college and transfer to a baccalaureate institution can save an average of $21,423 of the cost of a bachelor’s degree.  

 


2024 – 25 Full-Time In-State Undergraduate Total Charges

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Notes:
(1) Includes Richard Bland College -- a selective, residential, two-year college to prepare students for transfer to four-year colleges.
(2) Average charge for the majority of students at each institution, excluding tuition differentials.