Virginia Tech’s Board of Visitors recently approved a 2.9 percent tuition hike for both in-state and out-of-state students, following extensive budget deliberations spanning two days. This increase, at the upper end of the proposed range of 0 to 3 percent, falls below the 4.9 percent ceiling outlined in the University’s 6-year plan sanctioned in December.
The board justified this move by citing dwindling federal funding over time coupled with rising expenses. Mark Owczarski, a spokesperson for Virginia Tech, emphasized the necessity of these adjustments to keep up with inflation, maintain the quality of education offered by the university, and ensure adequate resources for students.
For undergraduates residing on campus, this translates to a $474 uptick in costs, nearly reaching an annual total of $16,000. Additionally, annual room and board fees will surge by approximately $600, totaling over $12,000.
Despite the financial strain on students, university officials reassured that increased financial aid would accompany these higher costs, aiming to mitigate the impact on students’ out-of-pocket expenses.
However, opposition to the decision was evident, with students expressing concerns about their financial burdens and the challenges of meeting expenses. Owczarski acknowledged the complexity of balancing affordability with the value of education, reflecting the careful consideration given to such decisions.
