<p>Colleges</a> That Claim to Meet Full Financial Need - US News and World Report</p>
<p>Meeting financial need includes federal loans, state grants, private scholarships, work study during the school year, and assuming that students work during the summer.</p>
<p>It should be noted that UNC-Chapel Hill receives much more state funding per student than UVa.</p>
<p>UVa might as well go private. One of my professors was telling us that we might as well call ourselves the University IN Virginia since we only get 11% of our funding from Virginia. He said something about some professors and higher ups considering it. Don’t know if he was joking or not haha.</p>
<p>11% of a lot of money is still a lot of money… IE 11% of $1bil is > $100mil… Who is giving us that extra money. The operating budget is 2.5bil - <a href=“http://www.virginia.edu/budget/Docs/Budget%20Summaries/2011-2012%20Budget%20Summary.pdf[/url]”>http://www.virginia.edu/budget/Docs/Budget%20Summaries/2011-2012%20Budget%20Summary.pdf</a> so that means if we went private not only would we need to make up $250mil but we would need to make up all of the money from alums who stop contributing because we are doing something that upsets their traditions…</p>
<p>To make up for the state appropriation, UVa would probably need another one or two billion dollars in endowment. The state appropriation keeps the in-state tuition reasonable, which is also critical to attracting a diverse and high quality set of students. </p>
<p>I believe President Sullivan said the U. has no interest in becoming private. Becoming private only becomes a legitimate discussion if the state would slash funding, and therefore the U. could not afford to keep in-state tuition lower than out of state. That discussion is now occuring in PA. because the Governor is trying to cut all funding to public universities by 50% between last year and this year, with more cuts on the horizon.</p>
<p>Also, I believe the Commonwealth of Virginia owns all the buildings. </p>
<p>Whenever anyone talks about the percentage of a university budget funded by a state, make sure you are only considering the ACADEMIC budget. The state does not subsidize housing, food services, the golf course, the medical center, etc.</p>
<p>I don’t really know the specifics of it, but that’s just what my professor was trying to tell us. He said they could make up for the loss of money by charging students ~40k a year instead of the current instate rates, which he said would bring in more money. Also said it would still be cheaper than most private schools.</p>
<p>I wouldn’t want UVA to go private by any means. If so, it would mean a loss in one of the fundamental aspects of UVA, that is, their preference to in-state students. UVA gives stellar in-state students who can’t make it into a selective private a chance to go to a great institution. And it is also actually affordable for those in-state.</p>
<p>Fermat, Your comment about UVa giving “stellar in-state students who can’t make it into a selective private a chance to go a great institution” is quite peculiar. Are you not aware that many of the students at UVa, both instate and out of state, had many options?</p>
<p>I remember people on the 2015 class page say they turned down schools like Harvard, Stanford, CM, Rice, Brown, etc to come to UVA.</p>
<p>Did you read this?</p>
<p>[Why</a> Public Universities Are Now a Bad Bargain for the Middle Class - DailyFinance](<a href=“http://www.dailyfinance.com/2012/03/07/public-universities-cost-middle-class-students-more-than-harvard/]Why”>Stock Portfolio & Tracker - Yahoo Finance)</p>
<p>It’s very often more of a bargain to go to HYP if you are admitted than to public universities because they have more generous financial aid (even for upper middle class families) than a public could afford to give.</p>
<p>Actually the state does support both the faculty of the medical school and through indirect means the medical center as well. The amounts have shrunk drastically, however, and are getting smaller year by year. </p>
<p>UVA (and W & M and VT) will never make a case to go private because the state has invested in them for years to build the facilities, even if the amount of support at present is small. What is happening in PA and CA was happening in VA 5-7 years ago. As a response, those same top three schools plus maybe a couple of others (?VCU, JMU) negotiated a deal with the state for more autonomy (setting tuition, staff relations, etc) for less state support.</p>
<p>Sevmom, sure, some applicants have several options, but that isn’t always the case. Several of my friends who have gotten into UVA were denied from places like Johns Hopkins, WashU, Rice, and a whole handful of other top 20 universities. I’ve also had in-state friends who got denied from William and Mary but accepted at UVA. If it wasn’t for UVA, they would have had to settle with Virginia Tech, James Madison, or another local college. Let’s be honest here; UVA is much better than all of those. </p>
<p>I myself received a likely letter from UVA last week, which really surprised me. My grades and courses are really strong, but my ECs and test scores aren’t jaw dropping or anything. I expected acceptance but didn’t expect that UVA would value my application this much. I applied to some high private universities (USC, JHU), but I foresee denials from all of those within this month. We should keep UVA just like it is.</p>