RICHMOND, Va. (WRIC) — The Virginia Commonwealth University (VCU) administration released a proposed range of tuition increases, as well as fee increases for students for the 2022-23 school year Tuesday.
The school introduced the increases at a meeting of the VCU Board of Visitors.
The proposed tuition increases range from 3% to 6% for undergraduate students and graduate students for the fiscal year 2022-23. According to the school citing inflation, state-mandated salary increases and a need for more student financial aid were all reasons for the proposed higher prices.
“The recommended increase allows VCU to pay its share of state-mandated salary increases for employees, increase student financial aid and address faculty promotion, salaries and tenure,” said Karol Kain Gray, senior vice president and chief financial officer for VCU in a release.
In addition, the school proposed an increase of $145 (4.8%) in mandatory fees.
The increase in mandatory fees include:
- $112 increase in the university fee,
- $14 increase in the technology fee
- $5 increase in the health service fee
- $10 increase in the academic support services fee
- $4 increase in the library fee
According to VCU, undergraduate students enrolled in 15 credits per semester would pay $15,641 at 3% to $16,017 at a 6% increase in tuition and mandatory fees in the 2022-23 academic year, an increase of $523 to $899. Out-of-state undergraduate students’ tuition and mandatory fees would be set at $37,587 to $38,573, an increase of $1,131 to $2,117.
The proposed budget anticipates a 5% average merit pool increase for faculty and staff compensation, according to the release, and adjunct faculty would also receive a 5% salary increase.