2002 Session

Budget Amendments - SB30 (Committee Approved)

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Secy of Education Tuition Policy (language only)

Item 136 #5s

Item 136 #5s

Education: Elementary and Secondary
Education, Secretary of

Page 91, after line 8 insert:
"D.  1. Consistent with the authorization provided in Section 4-2.01 b. of this Act, the Boards of Visitors or other governing bodies of institutions of higher education shall determine tuition, fees, and charges for each fiscal year of the 2002-2004 biennium, provided that the Board of Visitors shall make every effort to minimize the cost of tuition and fee increases for in-state undergraduate students. It is expected that tuition increases for undergraduate in-state students shall not exceed nine percent per year.
2. In setting tuition and fee increases, the Boards of Visitors are directed to consider the following factors:
a. The consumer price index.
b. The share of cost borne by the student.
c. Comparable tuition and fee rates at public peer institutions.
d. The impact of tuition increases on access and the availability of student aid.
e. The impact of a tuition increase on the composition of the institution’s applicant pool.
f. The feasibility of setting aside a portion of the tuition increase to provide additional financial aid resources, in combination with state, federal, and private resources.
g.   Maximizing other revenues by setting tuition rates for out-of-state students, graduate students and first professional students at least at market rate without adversely impacting the access of in-state students to Virginia’s public colleges and universities.
3. Communication of the policy for the first year of the biennium (fiscal year 2003) is specified in Item 131 (F) of Senate Bill No. 29 (2002).  The institution shall communicate its policy for the second year (fiscal year 2004) by April 15, 2003, to the Secretary of Education, the State Council of Higher Education, and the chairmen of the Senate Finance Committee and House Appropriations Committee."

(This amendment sets tuition policy for the 2002-2004 biennium.)