<p>In and out of state.</p>
<p>OUCH!!!!! barrons you're depressing me.</p>
<p>It's a lot of money, but it still looks to be a heck of a bargain for some years yet.</p>
<p>One thing to recall is that this can be a bit of a PR game. The university is sending a signal to the state that appropriations are important, and that without good funding from the state they have to rely more heavily on other sources of revenue like tuition. It's hard to say whether or not those tuition increases will go through.</p>
<p>Even if they did, I wish I lived in VA instead of MI.</p>
<p>Do these people understand what the inflation rate is? Does anybody in the "running the college business" understand cost control?
And are we going to price medical students right out of the business?
Some day administraters from medical schools will be wearing billboards with the words
"Please study at UVA" in bold red letters on street corners all over Virginia as they price medical students right out of the market.</p>
<p>Egads. That's my alma mater. I went there in-state because it was less expensive. I'm glad my kids aren't interested, as we are out-of-state now.</p>
<p>My alma mater also. When I attended, Out of State tuition was $970 per year. That is not a misprint. </p>
<p>Of course, $10K per year was a good salary at the time, too, but still, you can see how college costs have not only blown past inflation, but general wage growth.</p>
<p>Virgina is one of the cheaper states when it comes to funding higher education. At UVa the state contribution amounts to only $4,831 per student (Undergrad, grad, and first professional degree). In contrastMichigan kicks is about $6,900 per student in the U of M system and Maryland ponies up $7,119 for every student at the state LAC St. Mary's College. That is one of the reasons why UVa has that whoping 17:1 faculty to student ratio. Not sure how many of those faculty actually teach classes either.</p>
<p>I don't have a good feel for what the breakpoint may be - what tuition will lead parents to say go somewhere else.</p>
<p>I think it is very individualistic oldman. In the case of UVa which has a lot of cachet and curb appeal because of its high USNWR ranking and ancient campus I think they could fill their whole class from NJ, long Islamd, and West Chester counties if they wanted to. As it is they are limited to something like 25-30% out of staters by statute. There are a lot of people with money in this country who like to hang out with their own kind. </p>
<p>The question for a school like UVa is at what point they alienate the state legislature so badly it affects funding and at what point the state funding becomes so marginal that they could do better going private.</p>
<p>I think they are about at that point. The state funding is very low, like 10%. Going private has come up before, but they don't want to do that. I guess if your EFC is already over the moon, it does seem like a good deal. </p>
<p>Oldhoo--my entire bill for four years was about 20K. Of course Girl Scout cookies were a dollar a box, too.</p>
<p>It's a sad fact that the state of Virginia is miserly when it comes to higher education. It's like the Commonwealth wants to benefit from a stellar and cheap education without paying for it. State funding is not even 10%. It's 8%. Back in the late 80's, it was closer to 30%. Furthermore, UVa is currently getting more money every year from its endowment and alumni than from the state of Virginia. </p>
<p>UVa has recently proposed (along w/ William & Mary and Virginia Tech) to become a "charter university" where it would forego state monies for autonomy, essentially becoming a privately funded public university. Thus that money must come from somewhere: tuition and donations.</p>
<p>According to Barrons article, "A university survey of students who were accepted into UVa and chose to go elsewhere showed that tuition cost was not a big factor, Bianchetto said. Many Virginians who entered college this year attend Duke, Harvard or the University of Richmond, private institutions whose tuitions far exceed that of UVa." In fact, 58% of current students coming from families that earn between $100K-199K and 20% from families that earn over $200K/year. So, essentially 78% of UVa students financially come from the top 10% of the population. </p>
<p>Though the tuition is rising, through AccessUVA, poor students in-state & out-of-state will graduate with no debt at all, and all other in-state and out-of-state students will not incur debt exceeding $16,000 for all 4 years.</p>
<p>Coming out of a south Florida high school in 1975 I chose UVA over Duke as the tuition was less than half what Duke cost....no longer.</p>
<p>There is precedent for a state school going private. Tulane was originally a state school but never recieved much support and in the aftermath of the civil war and reconstruction things were even worse. When Paul Tulane bailed the school out the state legislature virtually turned it over to the trust he set up. And that explains why there is LSU but no University of Louisiana (or at least there was no U of L before the state setup a new board and renames Southwest Louisiana and Northeast Louisiana U of Louisiana Lafayette and U of Louisiana Monroe in 1998).</p>