No tuition increase to VCU’s 2020-21 budget
Friday, May 8, 2020
The Virginia Commonwealth University Board of Visitors voted Friday to freeze tuition for in-state and out-of-state undergraduate and graduate students for the 2020-21 academic year. This is the second consecutive year that the board has voted to freeze undergraduate tuition.
The board also voted to increase some mandatory student fees in the 2020-21 academic year. The University Fee will increase by $102, the Technology Fee will increase by $2 and the Library Fee will increase by $10. The increased fees are the result of anticipated increases in contractual costs and health benefits and the need to provide services in multiple formats due to the COVID-19 pandemic. In addition, the Capital Outlay Fee, which applies to out-of-state students, will increase by $30. Rate increases for the academic year, including those for advanced degrees, housing, dining and parking rates can be found at mytuition.vcu.edu.
Typical in-state undergraduate students enrolled in 15 credits per semester will pay $14,710 in tuition and mandatory fees in the 2020-21 academic year. Out-of-state undergraduate students’ tuition and mandatory fees are set at $36,048.
VCU President Michael Rao, Ph.D., said that while the university faces an unprecedented budget challenge, the tuition freeze acknowledges that students and families have suffered economic hardship during the COVID-19 pandemic.
“Our students and their families have been hit hard by the COVID-19 crisis. Many students and their parents have lost their jobs and face tough financial situations that threaten their plans to start or continue their college educations,” Rao said.
VCU has received $10 million in federal Coronavirus Aid, Relief and Economic Security (CARES) Act funding for students suffering hardships during the pandemic. The VCU COVID-19 emergency relief funding application site went live May 1. In addition, the VCU student emergency fund may provide one-time financial assistance with unexpected emergency expenses. Students with financial aid questions may call (844) 348-5073 around the clock.
The Board of Visitors will vote on the university budget on June 5. More information about the budget is available at https://budget.vcu.edu.
About VCU and VCU Health
Virginia Commonwealth University is a major, urban public research university with national and international rankings in sponsored research. Located in downtown Richmond, VCU enrolls more than 30,000 students in 233 degree and certificate programs in the arts, sciences and humanities. Twenty-two of the programs are unique in Virginia, many of them crossing the disciplines of VCU’s 11 schools and three colleges. The VCU Health brand represents the VCU health sciences academic programs, the VCU Massey Cancer Center and the VCU Health System, which comprises VCU Medical Center (the only academic medical center in the region), Community Memorial Hospital, Children’s Hospital of Richmond at VCU, MCV Physicians and Virginia Premier Health Plan. For more, please visit www.vcu.edu and vcuhealth.org.