RICHMOND, VA (WWBT) - The campus may have cleared out for the summer, but when students return, it'll cost a little more to go to VCU.
The school's Board of Visitors raised tuition Friday for in-state undergraduates by nearly 8%. It amounts to an extra $700 next year. Out-of-state students were hit with a 4.6% percent hike...an extra grand next year, for a total one year tuition of nearly $23,000.
"This will give us a chance to add a few more faculty members and continue to bridge a quality academic program," said Michael Rao.
The school is out $41-million in state funding next year.
The university's president says VCU is hit harder by that loss than most schools, because it has so few out of state students to pay a larger tuition than Virginians. Reaction to the hike was mixed.
"The economy obviously is not great and I think a lot of people are trying to go back to school and I think that increasing tuition is going to stop a lot of people from fulfilling that," said VCU junior, Catherine Poloe.
On the NBC12 Facebook page Richard McGee asked, "How can people pay for college if they keep raising it?"
Sunny Randolph wrote, "As a mom of an in-coming freshman I'm actually glad to see this."
The school says the explosive grow in its student population over the last 10 years is purposely being slowed... Though, the full impact on the university of that historic Final Four run won't be known until this time next year.
"I think next year you're going to see a significant increase in interest on the part of students who are looking at colleges," said Rao.
Again the tuition hike goes into effect this fall.
Out of 15 public colleges across Virginia, VCU ranks in the middle of the pack when it comes to tuition. William and Mary is the most expensive state school, followed by VMI, UVA, Longwood and Virginia Tech.