How expensive are Virginia colleges and universities compared to their peers in other states? The cost of attendance, including tuition, fees, room, board, books and supplies at four-year public Virginia colleges and universities in the 2016-17 school year averaged $26,904 — only a hair higher than the national average. This data is taken from a presentation by legislative fiscal analyst April Kees to the Senate Finance Committee this morning.
That chart above shows the sticker price for a year of college education. Lower-income students don’t pay the full freight. They receive big breaks in the form of financial aid from the state, Uncle Sam, and the institutions themselves. So, if your family generates income of $20,000 to $29,999 a year (2014-15 year numbers), your net cost of attendance drops considerably, as seen here in this chart comparing four Virginia institutions:
You get a ginormous break if you attend the College of William & Mary (CWM), which has the market power to jack up the tuition to raise more money for financial aid. You even get a hefty discount if you attend Radford University, the University of Virginia-Wise, or Virginia Tech (VT).
The massive redistribution of wealth provides major heartburn to Virginia’s upper middle class, which tends to pay the full tuition. In theory, the means-testing can be justified on the grounds that a college education provides an avenue of upward social mobility for poor and working-class Virginians who could not afford to attend otherwise.There are currently no comments highlighted.