Poor college students: prepare to get a little poorer!
The College of William and Mary and the University of Virginia are raising their in-state undergraduate tuition and mandatory fees for the upcoming school year by 7.7 percent and 8.9 percent, respectively.
The Williamsburg school’s Board of Visitors approved a tuition and fee hike from $12,888 to $13,132 for Virginia undergraduates, the AP reports. Room and board is also slated to jump about 2 percent to $8,892.
The Daily Progress in Charlottesville also reported that U.Va. — recently named the nation’s “best value” public university — will cost $11,576 for in-state students and $36,570 for out-of-state students.
W&M is losing $6.9 million in federal stimulus funding in the upcoming year, and is increasing need-based financial aid by $1.8 million — so it had to cut somewhere, its president explained to the community.
The increased payout brings the total cost for in-state W&M undergrads living on campus to $22,024 — 5 percent more than the current school year.
Still, it remains a bargain compared to the $44,854 that non-Virginians will shell out in 2011-2012. Tuition and fees will rise 6.5 percent to $35,962.
