The Board of Visitors will increase in-state tuition for University undergraduate students by 8.3 percent next year. Rates for other students will also increased.
Tuition and fees for in-state undergraduate students will rise from $7,845 to $8,500, while tuition and fees for out-of-state students will increase seven percent from $25,945 to $27,750.
In-state graduate students in non-professional schools will pay $11,240 for tuition and fees, a 6.5 percent increase from this year. Out-of-state non-professional graduate students in will pay $21,240, a 3.4 percent increase.
Tuition and fees will rise 7.1 percent from $35,000 to $37,500 for in-state Darden students and 6.3 percent from $40,000 to $42,500 for out-of-state students.
In-state Law students will pay $33,500, a 9.1 percent raise from this year while out-of-state tuition will cost $38,500, a 7.8 percent increase.
According to Melody Bianchetto, assistant vice president for budget and financial planning, increases in tuition will fund competitive salaries for faculty and staff, improve academic programs, handle deferred maintenance in Newcomb Hall and athletic facilities and provide financial aid through AccessUVa.
"About 25 percent of our students are on need-based aid," Bianchetto said. "The tuition increases are allowed to go over six percent [and still meet the requirements for the General Assembly's Tuition Incentive Fund] as long as the extra goes towards financial aid."
The committee also discussed additions to the six-year capital plan, including the renovation of New Cabell Hall.
According to Leonard Sandridge, executive vice president and chief operating officer, renovating New Cabell Hall would be less expensive than the original plan within the South Lawn Project to tear it down.
"We will be able to do some phasing and save space for classroom use while renovations are going on," Sandridge said.
He added that the restored building would serve as a transition between the current Lawn and the new South Lawn extension.
Other additions to the plan include improving baseball and softball facilities, which is estimated to cost $6.2 million; purchasing a new 1,210-ton chiller to expand the University's cooling system; and reconstructing Gilmer Hall.
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