UVA’s Board of Visitors in December raised tuition for the next two academic years and turned its annual tuition and fees deliberations into a biennial undertaking to help families make more informed decisions about the cost of college.

The BOV agreed to a 4.7 percent increase in undergraduate tuition for the 2022-23 academic year and a 3.7 percent boost for 2023-24. Undergraduate tuition rates vary by school and year. But, with the increase, a first-year in-state student in the College of Arts & Sciences in fall 2022 will pay $15,339, up from $14,649 for current first-year students. The rate for out-of-state first-years will rise from $49,179 to $51,491. In the engineering school, the rate will go from $23,027 this year for in-state first-years to $25,111, and for out-of-state students, from $57,873 to $61,595.

The higher rate increase for the next academic year is a “little bit of a catch-up,” said UVA Rector Whitt Clement (Col ’70, Law ’74), after several years of lower or no tuition hikes.

For the past six years, tuition hikes have hovered between no increase during the 2019-20 and 2021-22 academic years and 1.5 percent in 2016-17 to 3.6 percent in 2020-21.

Going forward, the board also plans to set two years of tuition rates during odd years in December, barring changes to expected state appropriations, instead of annually. The move will allow prospective UVA students to make better decisions as they decide where they’ll attend college, Clement said. “We’ll add predictability and transparency, which is important to a lot of families.”