Gov. McDonnell Announces Lowest Tuition Hikes In A Decade - WRIC Richmond News and Weather -

Gov. McDonnell Announces Lowest Tuition Hikes In A Decade

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(Photos Courtesy of Michaele White, Governor’s Photographer) (Photos Courtesy of Michaele White, Governor’s Photographer)

Richmond, VA—Governor Bob McDonnell announced the lowest increase in Virginia college tuition rates and fees in a decade on Wednesday.

Undergraduate students at public colleges and universities won't have to pay as hefty a tuition bill as in past years, due to what the Governor calls "the continued commitment of reinvestment" of his administration.

The 2012 General Assembly allotted $230 million in additional general fund support to Virginia institutions of higher education. The funds are slated for use in 2012-2014.

Gov. McDonnell also noted that the additional funds from the General Assembly will help Virginia's colleges and Universities meet the goals of the 'Top Jobs' Virginia Education Opportunity Act, introduced in 2011. The Act aims to produce an additional 100,000 college graduates by 2025.

 

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