The University of Mary Washington Board of Visitors unanimously approved a mid-year tuition increase of $100 for each full-time student at its meeting today.
Each full-time student will be charged an additional $100 for the spring semester. Part-time students will be charged an additional $8 per credit hour and graduate students will be charged an additional $12 per credit hour.
The BOV implemented the additional charges to make up for the recent state-level budget cuts. About a third of state funds, more than $6 million, have been cut since 2007, according to a news release.
The increase will generate about $435,000, which will go toward maintaining the academic programs and providing some additional need-based financial aid, according to the release.
In addition to the increase in tuition, UMW will make more than $2 million in cuts from its 2009-2010 budget, by not filling vacant positions and cutting departmental budgets.
This is the first mid-year tuition increase at UMW since 2002.
The UMW BOV’s decision came at the same time William and Mary announced that its students will be charged an additional $300 for next semester, according to the William and Mary Web site.