The University of Virginia's Board of Visitors today approved the smallest increase in a decade for in-state tuition and mandatory fees: 3.7 percent.

After 10 years of increases that saw a high of 19 percent in 2004, members of the University's governing board said they wanted to be sensitive to both the economic realities facing families and the political realities facing higher education, while at the same time recommitting the University to attracting and retaining a top-notch and diverse faculty and student body.

In this environment, the board voted to increase in-state undergraduate tuition and fees for the 2012-13 academic year by 3.7 percent – or $430 annually – to $12,006.

Out-of-state students will see an increase of 4 percent – or $1,448 annually – to $38,018.

Continue reading »