VCU raises tuition by 4 percent - NBC12 - WWBT - Richmond, VA News On Your Side

VCU raises tuition by 4 percent

RICHMOND, VA (WWBT) -

VCU's Board of Visitors approved a four percent tuition increase at their meeting Friday.

The new budget will cost in-state undergraduate students $414 per year, or 4.19 percent more than current rates. With meal plan and student housing, a returning in-state-student will pay $19,381. Out-of-state students will pay $951, or 3.98 percent, more. With meal plan and student housing, a returning out-of-state-student will pay $33,945.

"Despite recent increases in state funding for higher education, for which we are grateful, we are managing a sustained loss of nearly $52 million below the $205.6 million appropriation in 2008," said VCU President Michael Rao. "To meet strategic goals as a nationally competitive research university we require sufficient revenues to support faculty recruitment and retention and student success. We especially are focused on improving baccalaureate graduation rates and financial assistance for academically qualified students with legitimate need."

VCU officials say the 2013-2014 budget includes $2.5 million annually in savings from budget cuts. The university also announced a new tuition structure for new students. They will now be charged on a per-credit hour tuition structure. The first 14 credits will be based on the normal tuition and fees. Any credits at 15 hours or more are reduced by 50 percent. The change should make annual tuition and fees for typical new in-state undergraduates $12,002. New in-state-undergrads will pay $21,084 with a meal plan and student housing. New out-of-state undergraduate students is $29,473 in annual tuition and fees and $38,555 if they also live in student housing with a meal plan.

More information can be found at www.budgetupdate.vcu.edu and http://www.mytuition.vcu.edu.

Copyright 2013 WWBT NBC12.  All rights reserved.

  • Latest news from NBC12.comNEWSMore>>

  • Victim identified in deadly triple stabbing in Richmond

    Victim identified in deadly triple stabbing in Richmond

    Sunday, July 23 2017 12:33 PM EDT2017-07-23 16:33:05 GMT

           Richmond police are working a death investigation after three women are stabbed overnight in the city's northside.        The stabbing happened just after midnight in the 3500 block of North Avenue.        Police aren't telling us much -- but can confirm three women were stabbed, and one of them died from their injuries.       As for the other two victims -- on...

    More >>

           Richmond police are working a death investigation after three women are stabbed overnight in the city's northside.        The stabbing happened just after midnight in the 3500 block of North Avenue.        Police aren't telling us much -- but can confirm three women were stabbed, and one of them died from their injuries.       As for the other two victims -- on...

    More >>
  • Man shot to death in Petersburg

    Man shot to death in Petersburg

    Sunday, July 23 2017 11:09 AM EDT2017-07-23 15:09:48 GMT
    Police are in the beginning stages of a homicide investigation, after a man is found shot to death in Petersburg Sunday morning. Officers say they were called to the 2700 block of South Crater Road, around 2 a.m. When they got to the scene, police say they found a man, who had been shot multiple times. That man, 53-year-old Samuel Gee, was pronounced dead at the scene. Police continue to investigate, and say they're speaking to witnesses who were present during the shooting. If...More >>
    Police are in the beginning stages of a homicide investigation, after a man is found shot to death in Petersburg Sunday morning. Officers say they were called to the 2700 block of South Crater Road, around 2 a.m. When they got to the scene, police say they found a man, who had been shot multiple times. That man, 53-year-old Samuel Gee, was pronounced dead at the scene. Police continue to investigate, and say they're speaking to witnesses who were present during the shooting. If...More >>
  • FIRST ALERT FORECAST: Still Very Hot Tomorrow, More Strong Storms Possible

    FIRST ALERT FORECAST: Still Very Hot Tomorrow, More Strong Storms Possible

    Saturday, July 22 2017 10:36 PM EDT2017-07-23 02:36:05 GMT

    Get the latest forecast from the NBC12 First Alert Weather team.

    More >>

    Get the latest forecast from the NBC12 First Alert Weather team.

    More >>
Powered by Frankly