With the state budget not yet finalized, Longwood University’s Board of Visitors on Friday approved tuition and fees for the upcoming academic year that will extend the University’s decade-long record of keeping cost increases among the very lowest of all public universities in the Commonwealth.
The Board approved an increase of the published tuition rate of 2.85 percent for in-state undergraduates, or $240, based on a 30-credit yearly load. Including required non-Education & General fees, total published prices for in-state students will rise 4.11 percent for the coming academic year, or $600, to $15,200.
Because of Commonwealth support and other scholarship resources, most Longwood students receive some form of financial aid, which means they pay a “net price” that is already lower than the full, published price. Longwood anticipates the average “net price” for students and families this coming year – that is, what they actually pay – will be approximately flat. Pending the outcome of state budget negotiations and the effect on costs, the University will work to deploy additional resources to continue to support students and families.
Despite sharply higher operating costs due to inflation, Longwood has kept both published and net prices well below the overall rate of consumer-price inflation in recent years. Over the last decade, published price increases have averaged just over 2 percent annually – among the very lowest of the Commonwealth’s public institutions. Tuition and mandatory fees for out-of-state undergraduates will increase 2.35 percent, or $630, to $27,410.