Report: U-Va Should Be a Private University

<p>Berkeley has gone from 11 to 30% OOS in the past four years. The bump there is more int’l students than domestic non-Californians.</p>

<p>[UC</a> Berkeley out-of-state student enrollment soars - SFGate](<a href=“UC Berkeley out-of-state student enrollment soars”>UC Berkeley out-of-state student enrollment soars)</p>

<p>As discussed in another thread a few months ago - this whole in-state, state-funded, tax-supported, lower tuition thing may have made sense in the 1920s.</p>

<p>It makes absolutely no sense now.</p>

<p>Are you a Virginian?</p>

<p>The state is providing about $140 million a year to UVa’s academic division. </p>

<p>To make up that difference with the current number of students, UVa would need to generate a net increase (after UVa aid) of $17,500 in additional tuition from each of 8,000 students, or $14,000 additional net tuition from each of 10,000 students. </p>

<p>(Personally, I believe the out of state tuition is already maxed out at $40 to $45K a year, so this increase would all fall on seats currently held by Virginia residents. The state funding now mainly subsidizes in-state tuition rates for undergrads. I believe most grad/prof programs either pay market rate tuition or are funded through other sources. For example, the med school is subsidized by the Medical Center, and Law Students receive little in-state tuition reduction). </p>

<p>To generate an average of $14,000 of net revenue, you probably would need to increase the sticker price of in-state tuition by $20,000 (assuming that UVa continues to provide need-based aid). </p>

<p>Or, at a 5% return, UVa could magically increase their endowment by $2.8 billion to make up the difference.</p>

<p>To a certain extent, we need to stop complaining about how things used to be. The state of Virginia is never going to provide the same level of funding per student that they provided in the 1990s, but the state funding is still critical and appreciated.</p>

<p>[The</a> Problem With In-State Tuition - Commentary - The Chronicle of Higher Education](<a href=“The Problem With In-State Tuition”>The Problem With In-State Tuition)</p>

<p>That argument has been made for a long time. As in the link above, it makes sense to the academics at the state university (which would get more money and which would therefore be able to increase salaries to professors). The argument doesn’t make sense to in-state parents, at least not until their kid graduates. </p>

<p>I wonder how many of the demonstrators last year (other than the tenured profs) understood that TS’s agenda was to keep things at UVA operationally status quo. Which means you take in more money by getting rid of (i) in-state tuition and (ii) many in-staters. I don’t think that was Dragas’ agenda.</p>

<p>TS’s dream won’t happen because of politics. But a great example of “be careful what you wish for.”</p>

<p>[To be fair, though, TS would charge all students $40k in tuition. But would not object if the Commonwealth decided to re-purpose the foregone state aid into a voucher or financial aid directed at in-state students.]</p>

<p>The privatization of state schools is well under way all across the country. The old model of state flagships mission to provide a cost effective quality education to as many in state students is gone, gone, gone. Now it’s about rankings and revenue. Out of State and international students bring diversity, spread the university name, increase SAT scores & selectivity and bring the $$$. It’s not hard to see who the prettiest girl at the dance is. In state B+ students with OK SAT scores and financial aid need are the red headed step children in the current system. IMO it’s too bad but it’s not going back and college costs will continue to grow for students. If schools need to go to China to find well funded students they will do it.</p>

<p>At least one UVa official recently said that there is a fear that some countries are pouring billions into their own universities. I guess the fear is that fewer international students will be willing to pay full sticker price for US universities if enough high quality options are close to home. I’m guessing these countries are China, India and S. Korea, although I haven’t researched it. Those 3 countries are the source of many of UVa’s full pay students.</p>