Virginia Continues Historic Increases in Public College Costs

Virginia Continues Historic Increases in Public College Costs

• 1.
  $- $3,000 $6,000 $9,000 $12,000 $15,000 $18,000 $21,000 $24,000 Mandatory Costs ofAttendance @ Virginia's Public Colleges and Universities Years 1990-2014 Average Tuition and Mandatory E&G Fees @ VA's Public Colleges and Universities Average Mandatory Non-Educational Fees @ VA's Public Colleges and Universities Average Room and Board @ VA's Public Colleges and Universities Average Total Cost of Attendance @ VA's Public Colleges and Universities •Between years 1990-2014; year 1999 and year 2001 were the only years that reported a decreasing year over year change for tuition and educational fees. •Educational fees are related to charges that directly apply to the funding of educational objectives of the College or University.
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  Tuition and MandatoryE&G Fees “Educational” Photo Credit: www.research.vt.edu Photo Credit: student.uva.nl Photo Credit: hbculifestyle.com Photo Credit: entrepreneurship.gmu.edu “Mandatory student charges used to support instruction and education related activities…instruction, research, academic support, student services, institutional support, operation and maintenance of physical plants”
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  13% 15% 11% 3% 5% 0% 0% 1% -20% 0% 0% 9% 31% 12% 8% 10% 6%7% 5% 13% 10% 4% 8% 7% $1,757 $7,495 -35% -30% -25% -20% -15% -10% -5% 0% 5% 10% 15% 20% 25% 30% 35% $- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Virginia's Public Colleges and Universities % Change in Average Tuition/Educational Fees: 1990-2014 Yellow Bar=% Increase Black Bar=% Decrease % Change in E&G Fees Average Tuition/Educational Fees •The historical data illustrates that the mandatory educational costs to attend one of Virginia’s public Colleges and Universities has experienced long term, continuous patterns of growth in costs increases. •In recent years, the rate of growth in costs have slowed but still continue to rise.
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  -40% -35% -30% -25% -20% -15% -10% -5% 0% 5% 10% 15% 20% 25% 30% 35% Virginia's Public Collegesand Universities % Change in Average Tuition/Educational Fees and Inflation rate: 1990-2014 Recession % Change in E&G Fees Inflation Rate •Tuition and educational fees have historically and continue to outpace the rate of inflation (CPI). •Recessions would observationally seem to have an impact on the tuition and educational fees charged by Virginia’s Colleges and Universities. •The year immediately following or shortly thereafter, tuition and education fees seem to experience rather robust increases in price; as economic conditions improve, those price increases begin to retrench. Pattern seems to hold during each of the three recessions observed between years 1990-2014.
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  Mandatory Non-E&G Fees “Non-Educational” PhotoCredit: colleges.niche.com Photo Credit: https://www.uvawise.edu/reslife/henson Photo Credit: rcnky.com “Mandatory student charges used to support non-instructional activities, such as student health services, athletics, recreational activities, campus transportation, and capital debt service” Photo Credit: educ.jmu.edu
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  5.9% 7.8% 5.8% 5.1% 2.8% 4.8% 6.8% 6.4% 4.2% 4.7% 5.8% 5.7% 9.4% 6.8% 7.7%7.9% 7.6% 7.9% 5.6% 6.0% 4.6% 3.4% 4.1% 2.5% $945 $3,647 $- $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Virginia's Public Colleges and Universities % Change in Average Non-Educational & General Fees: 1990-2014 % Change in Non E&G Fee Average Non E&G Fee •Non-educational fees (i.e. athletics, student health centers etc.) have seen continuous and robust growth in the fees charged; not a single year has seen a decrease in the annual year over year change in costs. •Most recently (the last 4 years) the % change rate of growth in the fees charged for this costs category have slowed following the onset of the “Great Recession” at the end of year 2007-June 2009.
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  6% 8% 6% 5% 3% 5% 7% 6% 4% 5% 6%6% 9% 7% 8% 8% 8% 8% 6% 6% 5% 3% 4% 3%5% 4% 3% 3% 3% 3% 3% 2% 2% 2% 3% 3% 2% 2% 3% 3% 3% 3% 4% -4% 2% 3% 2% 2% 2% -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% Virginia's Public Colleges and Universities % Change in Average Non-Educational & General Fees: 1990-2014 Recession % Change in Non E&G Fee Inflation Rate •Historical data illustrated that following a recession, tuition and educational costs followed a period of robust growth and then retrenched; the same seems to be held for non-educational fees. •Non-educational fees have experienced continuous periods of robust growth even during stable and growing economic times; the rate of growth in these fees does appear to have slowed following the “Great Recession” during the last 4 years of observation.
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  35% 34% 32% 31% 32% 31% 32% 34% 35% 41% 42% 44% 43% 38% 37% 37% 37% 37% 37% 37% 36% 35% 34% 34% 33% 65% 66% 68% 69% 68% 69% 68% 66% 65% 59% 58% 56% 57% 62% 63% 63% 63% 63% 63% 63% 64% 65% 66% 66% 67% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Average % Shareof Mandatory Costs: Educational and Non-Educational (Virginia's Public Colleges and Universities) % Share of Mandatory Costs: Tuition/Educational Fees % Share of Mandatory Costs: Non-Educational Fees •Educational fees have historically made up the majority share of mandatory costs of attendance among Virginia’s 4 year Public Colleges and Universities; in recent years following the “Great Recession” it does appear as though non- educational fees are making up a smaller % share of costs. However, institutions have different ratios of educational to non-educational costs shares.
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  Institution Non-E&G Share of MandatoryCost Christopher Newport University 40% College of William and Mary 29% George Mason University 27% James Madison University 44% Longwood University 40% Norfolk State University 40% Old Dominion University 37% Radford University 31% University of Mary Washington 30% University of Virginia 16% University of Virginia's College at Wise 43% Virginia Commonwealth University 16% Virginia Military Institute 52% Virginia State University 37% Virginia Tech University 15% Average: 33.2%
• 10.
  40% 60% 40% of Virginia'sPublic 4 year Colleges and Universities charge 40% ofrmore of mandatory costs related to Non-educational fees Non-E&G 40%> Non-E&G40%<