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Keep up with the latest information regarding your tuition and fees.

May 12, 2017

The Virginia Commonwealth University Board of Visitors today approved a budget for 2017-18 that includes an increase in tuition and mandatory fees of 3.8 percent for in-state undergraduate students.

The budget supports the highest priorities of VCU’s strategic plan, Quest for Distinction, which emphasizes academic quality and student success. The budget also provides a $5.1 million increase in university-funded financial aid to students and includes more than $12 million for the state-approved raise for faculty and staff. Even with the increase, a $3.8 million budget gap remains, which will be addressed at the unit level across the university.

“To be certain, this is a lean budget that addresses unavoidable academic and operational costs and focuses on our highest priority needs,” said VCU President Michael Rao, Ph.D. “We are mindful of the cost and burden on students and their families and have increased the amount of university financial aid to students. We are also mindful that we must provide a quality education expected by high-performing students at a major public research university. This is what our students expect and deserve.”

Typical in-state undergraduate students enrolled in 15 credits per semester will pay $13,624 in tuition and mandatory fees in the 2017-18 academic year, which represents a 3.8 percent or $494 increase. Out-of-state undergraduate students’ tuition and mandatory fees are set at $33,656, a 4.2 percent or $1,369 increase. Included in the increase for out-of-state students is a state-mandated capital outlay fee, which will increase to $660, an increase of $35 or 5.6 percent.

Full-time Virginia undergraduate students enrolled prior to fall 2013 who are under the block schedule tuition model will see an increase of $404 in tuition and mandatory fees. Out-of-state students paying under the block schedule tuition model will pay $1,129 more.

The block schedule undergraduate tuition model will be discontinued beginning in fall 2018.

The board approved other rate increases for the academic year, including those for advanced degrees, housing, dining and parking rates. More information can be found at budget.vcu.edu.

May 13, 2016

The Virginia Commonwealth University Board of Visitors approved a budget for 2017-18 that includes an increase in tuition to support student financial aid, faculty and staff salaries and student support services.

The budget supports the highest priorities of VCU’s strategic plan, Quest for Distinction, which emphasizes academic quality and student success. The budget provides a $5.6 million increase in university-funded financial aid to students — supported in part by a reallocation from department operating budgets of $3.1 million. The budget also includes $4.3 million for academic program growth and infrastructure, faculty recruitment and retention, and safety and compliance infrastructure.

“This budget reflects the need to balance access, affordability and the quality of our academic programs with those priorities intended to sustain a healthy future for VCU,” said VCU President Michael Rao, Ph.D. “At the same time, the budget allows us to increase the amount of university need-based financial aid to students.”

Typical in-state undergraduate students enrolled in 15 credits will pay $13,130 in tuition and mandatory fees, which represents a 2.8 percent or $358 increase. Out-of- state undergraduate students’ tuition and mandatory fees are set at $32,287, a 2.6 percent or $824 increase.

Full-time Virginia undergraduate students enrolled prior to fall 2013 who are under the block schedule tuition model will see an increase of $317 in tuition and mandatory fees. Out-of- state students paying under the block schedule tuition model will pay $691 more.

The block schedule undergraduate tuition model will be discontinued beginning in fall 2018.

The university fee will increase $88 or 5 percent to address unavoidable cost increases and to provide additional student support such as student counseling, career services and Title IX training and enforcement. The library fee will increase by $10 to expand weekend hours.

The board approved other rate increases for the academic year, including those for advanced degrees, housing, dining and parking rates.

May 8, 2015

tuition graphic

VCU’s Board of Visitors approves the 2015-16 budget plan that includes a modest tuition increase, an $11 Health Service Fee increase and a $13 Capital Outlay Fee increase. The “all-in” mandatory tuition and fee increase is 3 percent, or $374, for the academic year for in-state students in the credit hour structure.

Due to the low increases in housing and dining costs, an in-state student living on campus with a dining plan will see an increase of 3 percent overall.

The budget represents the allocation of resources to align with the university’s strategic plan, Quest for Distinction, which emphasizes academic quality and student success as well as a talented, diverse faculty. These initiatives include:

  • Recruiting and retaining our internationally competitive faculty (funding for new faculty and merit-based pay increases for existing faculty)
  • Increasing student financial assistance by $2.7 million
  • Funding priorities in the Quality Enhancement Plan, including investing in digital learning and core curriculum improvements
  • Resourcing human resource services to implement the results of the university’s compensation study
  • Providing over $600,000 to address institutional Title IX related needs
  • Shoring up maintenance reserves to improve and modernize university facilities and bringing in additional infrastructure supporting research and academic success

The university administration has developed internal operational efficiencies in order to reallocate funding sufficient to cover the cost of the FY 2016 additional 2.5 percent merit increase for Teaching and Research faculty.

May 9, 2014

tuition graphic

VCU’s Board of Visitors approves the 2014-15 budget plan that includes a modest tuition increase, a new $25-per-semester library fee and no increase in the mandatory university fees. The “all-in” mandatory tuition and fee increase is 3.3 percent, or $396, for the academic year for students in the per-credit-hour structure.

Due to the low increases in housing and dining costs, an in-state student living on campus with a dining plan will see an increase of 3 percent overall.

The budget represents the allocation of resources to align with the university’s strategic plan, Quest for Distinction, which emphasizes academic quality, student success as well as a talented, diverse faculty. These initiatives include:

  • Recruiting and retaining our internationally competitive faculty (41 new faculty and conversion of 22 adjunct positions to full-time)
  • Increasing student financial assistance by $1.2 million
  • Funding priorities in the Quality Enhancement Plan, including investing in digital learning and core curriculum improvements
  • Resourcing core library services to fully utilize the library expansion and renovation through the implementation of a dedicated $25-per-semester library fee
  • Shoring up maintenance reserves to improve and modernize university facilities and bringing in additional infrastructure supporting research and academic success

The university administration is committed to the development of operational efficiencies in order to reallocate funding sufficient to cover the cost of final FY 2015 salary actions included in any budget passed by the General Assembly and to pay for additional strategic priorities.

The University Budget Advisory Committee has an ongoing process of identifying activities that should be reviewed for elimination, lowering or reallocation in order to provide at least 2 percent of the university’s general fund allocation ($3.1 million). A report will be made to the Finance, Budget and Investment Committee each quarter on activities in this area.

May 10, 2013

VCU’s Board of Visitors approves the 2013-14 budget plan that includes a tuition increase and a new market-based tuition pricing structure for incoming students.

The board’s actions were taken against a backdrop of continuing fiscal challenges stemming from the economic crisis of five years ago when VCU suffered the largest loss of state appropriation in its history.

The budget priorities also reflect Quest for Distinction strategic plan priorities for a quality education: faculty recruitment and retention, student scholarships, financial aid and support services, and academic and research spaces.  

VCU is pursuing all reasonable sources of revenue, with fundraising as well as improving the return on investments and cash management among its top priorities. New entrepreneurial initiatives also are underway. 

However, the stark reality of 2013 is that tuition and fees are the major revenue source for instruction in public universities. The state no longer is able to subsidize higher education as it has in the past. VCU recently undertook an in-depth study of tuition strategies, getting input from hundreds of students who participated in surveys, focus groups and, most recently, meetings with the university’s chief academic and operating officers.

The 2013-14 budget includes cost-cutting and operational efficiency changes resulting in a projected savings of more than $2.5 million annually that will be directed to financial aid and other core academic support. The budget also includes:

  • An annual $414 or 4.19 percent increase in tuition and mandatory fees for undergraduate, in-state students.  Out-of-state undergraduates will pay a $951 or 3.98 percent increase.
  • A per-credit hour tuition structure for new undergraduate students – freshmen and transfers – based on the 2013-14 tuition and fees rate for the first 14 credits taken. Additional credits at 15 hours or more are reduced by 50 percent. Based on 30 credits per academic year, annual tuition and fees costs for typical new Virginia undergraduate students will total $12,002. The average cost for a new Virginia undergraduate living in student housing with a meal plan will be $21,084. The average cost for 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.
  • Current block pricing structure for returning students, who will continue to pay one price for a block of 12 to 18 credits, with overload pricing at 19 or more credits. Typical returning Virginia undergraduates will pay annual tuition and fees costs of $10,299. The average cost of a returning in-state undergraduate living in student housing with a meal plan will be $19,381. The average cost for out-of-state returning students will be $24,863 for tuition and fees and $33,945 if they live in student housing with a meal plan.

Currently, students are able to take 13 to 18 credit hours without any additional charge, which means VCU subsidizes those credits above the full-time level of 12 credit hours. Unfortunately, following years of reductions, VCU no longer can support a strong academic mission with subsidized tuition. Per-credit pricing is a market-based, pay-for-what-you-consume tuition strategy that generates additional revenue and enables the university to better manage course sections, faculty assignments and classroom availability.

Sept. 12, 2012

VCU Board of Visitors adopts amendments to Six-Year Plan, as required by law. Amended plan is submitted to state.

July 16, 2012

VCU President Michael Rao sends out presidential updates throughout the academic year. You can access these on his website.

Oct. 11, 2011

VCU’s Six-Year Plan Update

VCU’s Six-Year Plan (SYP) was presented formally to the state on Aug. 19 as required by new state mandates under the Virginia Higher Education Opportunity Act of 2011, also known as the Top Jobs 21 legislation. The new SYP is an iterative process, with changing requirements as the planning process unfolds.

The state’s initial SYP request required each university to outline strategies and project costs for its strategic priorities, but under an assumption of no increased general fund support from the commonwealth. This assumption required that all new initiatives suggested by the state, as well as those desired by each institution, had to be funded solely through tuition revenues. Thus, the initial plans and projections from nearly all Virginia institutions included what the state considered to be unreasonable tuition increases. The state quickly recognized that the modeling exercise produced unrealistic results and asked each institution to resubmit a revised plan with prioritized strategies and costs that assume “reasonable” tuition increases. The revised plans were due to the State Council of Higher Education for Virginia by Oct. 11, 2011.

The following are important assumptions and facts about VCU’s revised submission:

  • The projected tuition increases of 9.5 percent in fiscal year 2013 and 12.1 percent in fiscal year 2014 are for modeling purposes only and are based on a set of proposed strategies, but also on assumptions of minimum levels of state support.
  • VCU’s top priority for new tuition dollars remains adding faculty to meet the goals of our strategic plan, Quest for Distinction specifically academic quality and student success.
  • VCU’s plan as resubmitted to the state is fully aligned with the Quest for Distinction plan.
  • Many of VCU’s prioritized strategies are based on state goals under the Top Jobs 21 legislation, and VCU’s resubmission assumed certain state needs. Therefore, if the commonwealth does not provide matching funds for certain stated priorities, then VCU may not be able to implement those strategies or may need to move forward with only the tuition-funded portion of certain strategies.
  • Tuition increases for VCU happen only after review, comment and approval from the Board of Visitors each spring semester. So the above projections are based on assumptions and may not accurately represent the final tuition increases to be considered or approved by the board.

July 1, 2011

Budget priorities for the 2011-12 academic year reflect commitments to academic quality and ensuring student success.

By scouring the university for additional revenue sources, reallocating existing resources and identifying further efficiencies and cost containment efforts, funding specifically targeted for instruction has increased by 2.9 percent compared to the previous academic year.

The budget also accommodates modest, strategic investments in faculty, student scholarships and libraries.

May 20, 2011

VCU sets 2011-12 tuition and fees

Aug. 2, 2010

VCU makes plans to provide more student and faculty support

For the 2010-11 academic year, VCU plans to establish:

  • More classes – adding 300 course sections university-wide
  • New faculty – hiring nearly 100 faculty members
  • Financial aid – more than doubling VCU’s ongoing financial aid; $4.8 million has been added as ongoing funding to the existing $3.75 million
  • Safety net – strategically using one-time funds to ensure revenues are available in FY 2011-12 when $18 million in federal stimulus dollars go away:
    • Student financial aid to help ensure retention and graduation of continuing students with high academic achievement and financial need
    • University-wide instructional and research equipment purchases
    • Simulation equipment for the School of Medicine
    • Renovations of Oliver Hall laboratory and School of the Arts doctoral enrollment studio
    • Support for core labs university-wide

Aug. 2, 2010

Tuition and fees bills are going green

Effective Aug. 2, 2010, in an effort to go green and reduce costs, Virginia Commonwealth University will no longer mail paper bills to enrolled students. Therefore, you will be responsible for viewing your bill online in the billing and payment site accessible through eServices. When bills are generated, you will be notified at your official university email address that a new bill is available to view.

You may also assign an authorized user in the billing and payment site, so the authorized user may view the eBills and make online payments on your behalf. This authorization will allow the individual to view only the billing information — no other student information will be shown.

For more information, visit the Student Accounting website.

Aug. 2, 2010

Changes in credit card processing for tuition and fees payments

Also effective Aug. 2, 2010, Virginia Commonwealth University will only accept MasterCard, American Express and Discover credit card payments on the billing and payment site through eServices. A 2.75 percent convenience fee (minimum $3) will be charged on all credit card payments. VCU can no longer accept VISA branded credit cards. Remember — debit cards are treated the same as credit cards for convenience fee purposes.

VCU continues to provide a range of payment options at no additional cost. In-person payments of cash, personal or certified check or money order may be made at the VCU Cashier’s Office. You may also pay by check online through the billing and payment site, at no additional cost.

For more information, visit the Student Accounting website.