Virginia Tech Board of Visitors sets tuition and fees for 2024-25
The Virginia Tech Board of Visitors has set tuition and fees for the 2024-25 academic year.
After considerable discussion and deliberation to seek a balance between access and affordability to the students and families who must bear this cost with preserving the quality of a Virginia Tech degree and investing in world-class faculty and campus programs, the board unanimously approved a 2.9 percent increase in tuition for resident and nonresident undergraduate students for the 2024-25 year.
This continues a multiyear trend of tuition increasing slower than the level of inflation.
Tuition and mandatory fees for Virginia undergraduate students will increase $474, to $15,950 annually, and out-of-state undergraduate tuition and mandatory fees will increase $1,084, totaling $37,777 annually. This includes a $99 increase in the comprehensive fee.
Annual room and board charges will increase by 5.2 percent, or $612 per year, to a total of $12,358.
For the past six years, Virginia Tech has been able to keep tuition increases to half of the consumer price index on average. Combined with increases in institutional financial aid, the university continues to do everything it can to make Virginia Tech education as accessible to more Virginia students.
Tuition and fees are the primary source of the university’s Educational and General Program (E&G) budget. In the current fiscal year, for example, tuition and fees from both in-state and out-of-state students accounted for approximately $700 million (or 69 percent) of the approximately $1.006 billion total E&G budget. The state provided approximately $251 million (or 25 percent) toward the E&G budget, and an approximately $55.8 million (or 6 percent) came from other sources.
Virginia Tech will continue to deploy its Funds for the Future program, which provides 100 percent protection from tuition and fee increases for returning students with a family income of up to $100,000 with demonstrated financial need resulting in a predictable and unchanging tuition and fee package for all four years of their undergraduate study at Virginia Tech.
The university’s Presidential Scholarship Initiative will once again provide full four-year scholarships to 215 incoming Virginia students next year, supporting a total program of 600 students.
Including university-funded support, Virginia Tech undergraduates received $169 million in grants and scholarships last fiscal year.
Virginia Tech will continue to discount undergraduate tuition by 10 percent during the summer session and winter session courses in Blacksburg to help students complete degrees at an accelerated pace during nontraditional times.
When adding tuition and mandatory fees with room and board costs, the total cost in 2024-25 for a Virginia undergraduate student living on campus will be $28,308, while the total cost of an out-of-state undergraduate living on campus will be $50,135. Virginia Tech remains among the lowest-priced public universities in the commonwealth for resident undergraduate students.
Tuition and mandatory fees for in-state graduate students will rise by $553 to $18,565 and for out-of-state graduate students by $1,007 to $35,091.
The total annual cost to Virginia and Maryland veterinary students will be $28,874, an increase of $718, and the total annual cost to out-of-state (and non-Maryland) veterinary students will be $61,482, an increase of $1,511.
Students enrolling at the Virginia Tech Carilion School of Medicine this summer will have a total annual cost of $61,909, an increase of $1,554.
The Virginia Tech cost of attendance for the 2024-25 academic year which is used to determine financial aid can be found online.
