2022-23 Tuition and Fees Report

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Summary 202223 TF Cover

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 2022-23 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 $229 (2.6%) for in-state undergraduate students at the system level. Four institutions (Norfolk State University, Virginia Military Institute, William & Mary and Virginia Community College System) did not increase tuition and mandatory E&G fees in 2022-23.

 


keypoint2Mandatory non-educational and general (those fees related to non-instructional or “auxiliary” activities) increased by $137 (3.3%).

 


keypoint3The average tuition and all mandatory fees for in-state undergraduates is $13,554, a $366 (2.8%) increase from the prior year.

 


keypoint4Room and board charges averaged $11,981 at baccalaureate institutions, an increase of $478 (4.2%).

 

 


keypoint5Total charges at baccalaureate institutions — the average sum of tuition, all mandatory fees and room and board — are $26,484 for the 2022-23 academic year, an increase of $887 (3.5%) for in-state undergraduate students.

 


keypoint6While charges have increased, Virginia undergraduate students on average will pay 46% of the costs related to education, while the state will provide 54%. This is a four-percentage point increase, in state support, as a result of increased state investment in higher education in the 2022-24 biennium. This percentage is still below Virginia’s cost-share policy of covering 67% of costs. SCHEV staff estimates that if the state funded institutions at the level of the cost-share policy (67%), tuition could be as much as $2,700 (34%) lower than current levels.
keypoint7The total charges for in-state undergraduates as a percentage of per-capita disposable income remains higher than the national average at 44.9%.

 

 


keypoint8Students who complete an associate degree at a community college and transfer to a baccalaureate institution can save an average of $20,065 of the cost of a bachelor’s degree.

 


keypoint9While reported tuition and E&G fees increased, most institutions used one-time funding or deferred costs to hold these increases to zero for in-state undergraduate students in 2022-23.

 

 


Chart 1 Total Charges

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..