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Facing significant cost pressures, including statewide employee compensation increases and other fixed cost inflationary increases, the Virginia Tech Executive Committee has approved a 3% tuition increase for all undergraduate and graduate students for the upcoming school year.
However, recognizing the financial challenges faced by Virginians, the Executive Committee also instructed the university to offset the tuition increase with a one-time scholarship to all in-state undergraduate students.
This one-time scholarship will effectively freeze tuition and fees for in-state students for the coming school year.
Tech says the base tuition for Virginia undergraduate students will increase $353, to $12,104 annually with the tuition mitigation scholarship bringing the net tuition increase down to zero.
Out-of-state undergraduate tuition will increase $925, totaling $31,754 annually.
Tech says over the past four years the consumer price index has increased 20.4 percent while in-state tuition rates at Virginia Tech have increased just 5.9 percent.
More on this story from Virginia Tech.