W&M BOV to meet in November, consider FY 2019 tuition for in-state undergraduates
Section 23.1-307 (D) of the Code of Virginia requires that 30 days prior to approval of each year's tuition and mandatory fees the Boards of Visitors of Virginia's higher education institutions announce the range of increase under consideration and the proposed use of any incremental revenue.
The William & Mary Board of Visitors has established a practice of setting undergraduate in-state tuition at its November meeting to provide prospective Virginia students and their families advance notice as they consider university options. Consistent with past practice, William & Mary's Board intends to set the tuition rate for current in-state undergraduate students as well as incoming in-state freshman and undergraduate transfer students at its Nov. 17, 2017 meeting. In this regard:
- Current in-state undergraduate students will see no tuition increase for FY 2019. These students are enrolled under the William & Mary Promise, which provides a four-year tuition guarantee.
- For incoming in-state freshman and undergraduate transfer students, the Board will consider increases ranging from 4 to 6.5 percent. Once set, the tuition for entering in-state class will also be guaranteed and will not increase again during their four years under the Promise.
- Tuition for all other student groups (out of state undergraduates, graduate, and professional) as well as mandatory fees for all students will be set by the Board at its April 2018 annual meeting. A separate public notice will be provided 30 days prior to the April board meeting.
Revenue generated from this tuition increase, in combination with other revenues and reallocated funds, will likely be used to address personnel costs, including the university's share of any state mandated fringe and health benefit changes, need-based financial aid, and institutional initiatives. The exact uses will be determined in part by budget actions taken by the Governor and General Assembly during the 2018 session.
The meeting will be held in the Board Room on the third floor of Blow Memorial Hall, located at 262 Richmond Road. More information on the Board meeting will be released next month in accordance with the university’s normal schedule of announcing public meetings.