LEXINGTON, (WSLS 10) – The price of tuition will increase at VMI next fall.
VMI Board of Visitors approved tuition and fee increases for the next academic year at its meeting on April 30. Tuition will increase by 4 percent for Virginia residents and by 5.2 percent for out-of-state residents.
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With required fees, the total cost of attendance for Virginia residents was set at $26,460 and the cost for non-Virginians was set at $50,769. Required fees and charges are included in the total cost of attendance and increased by $631.
The increases are effective for the academic year beginning in August.
Cadets are required to live in the VMI Barracks throughout their cadetships, making room and board a required fee. In addition, the cost of attending VMI includes a mandatory fee to cover the costs of cadet uniforms and other unique military activities.
VMI, which has an enrollment of approximately 1,700 cadets, is the nation's oldest state-supported military college.
Among the factors behind the costs of attendance were a 4-percent salary increase for teaching faculty members and a 3-percent increase for other employees; an increase in the employer contribution rate for health insurance; unavoidable cost increases for utilities, insurance, facility preventive maintenance, and programs; increases in cadet financial assistance to address higher costs and greater demonstrated need of cadets; increases in operations and maintenance costs; increased debt service costs on bonds issued for improvements to facilities; and increases in the meal rates charged by VMI's outside food contractor.