RESOLUTIONS ADOPTED BY THE BOARD OF VISITORS

APRIL 13, 2012




PAGE


Resolution to Approve Additional Action Items 8685


Approval of Proposed Increase in Faculty and Staff Housing 8686

Rates for 2012-2013


Approval of Student Housing Rates for 2012-2013 8689


Approval of Proposed Contract Rates for Dining Services for 8691

2012-2013 for the Academic Division and The University of

Virginia’s College at Wise


Approval of Tuition, Required Fees, and Other Charges for the 8696

Academic Division for Fiscal Year 2012-2013


Approval of Allocation of Required Fee for 2012-13 Regular 8698

Session of the Academic Division


Approval of Allocation of Required Fee for the 2012-2013 8698

Special Sessions of the Academic Division


Approval of Allocation of Required Fee for the 2013 January 8699

Term of the Academic Division


Approval of Required Off-Grounds Fee for the 2012-2013 Academic 8699

Division


Approval of Tuition, Required Fees and Other Charges for The 8699

University of Virginia’s College at Wise for Fiscal Year

2012-2013


Approval of Tuition, Fees and Other Charges for the Academic 8700

Division and The College at Wise for Fiscal Year 2012-2013





SUBJECT TO THE

APPROVAL OF THE

BOARD OF VISITORS


April 13, 2012


The Board of Visitors of the University of Virginia met, in Open Session, at 3:30 p.m., Friday, April 13, 2012, in the Board Room of the Rotunda; Helen E. Dragas, Rector, presided.


Present were Ms. Allison Cryor DiNardo, W. Heywood Fralin, Robert D. Hardie, Ms. Glynn D. Key, Mark J. Kington, Stephen P. Long, M.D., Vincent J. Mastracco Jr., John L. Nau III, Timothy B. Robertson, and Jonathan B. Overdevest.


A. Macdonald Caputo, The Honorable Alan A. Diamonstein, Randal J. Kirk, and Edward D. Miller, M.D., participated by telephone.


Present as well were Ms. Teresa A. Sullivan, Michael Strine, John D. Simon, Ms. Susan G. Harris, Paul J. Forch, Steven T. DeKosky, M.D., Ms. Yoke San L. Reynolds, Ms. Colette Sheehy, Ms. Carol S. Wood, Ms. Nancy A. Rivers, Richard A. Kovatch, and Ms. Debra D. Rinker. Mr. Simeon E. Ewing participated by telephone.


Hillary A. Hurd, the student member-elect of the Board of Visitors, was present as well.


The Rector called the meeting to order and requested the approval of the resolution to consider addenda to the published agenda. On motion, the following resolution was approved.


RESOLUTION TO APPROVE ADDITIONAL ACTION ITEMS


RESOLVED, the Board of Visitors approves the consideration of addenda to the published Agenda.


- - - - - - - - -


The Rector said the purpose of the meeting is to determine the housing and dining rates and tuition and fees for the 2012-2013 fiscal year, in order to provide timely information on education costs to students. Because the General Assembly at this time has not passed a budget, she said the Board would vote on these items with the proviso that the tuition and fee decisions are subject to the actions of the General Assembly and the Governor on the state budget. A resolution authorizing the Executive Committee to act following the adoption of a budget would be considered later in the meeting.



The Rector introduced Mr. Michael Strine, Executive Vice President and Chief Operating Officer. Mr. Strine introduced Mr. Richard A. Kovatch, Associate Vice President for Business Operations, to report on faculty and staff housing rates, student housing rates, and dining rates for 2012-2013.


Mr. Kovatch said that a state directive requires market rates for the 90 faculty and staff housing units at the University. Rates are proposed to increase by an average of .88%, effective July 1, 2012.


The University proposes a $223 increase, 4.5%, in the average housing double room rate to $5,169 per nine-month academic year for 2012-2013. The rate increase last year was also 4.5%. The University of Virginia’s College at Wise proposes a $369 increase, 7%, to an average housing rate of $5,642. The proposed resolution also addresses summer session housing rates at the University, the College at Wise, and Mountain Lake Biological Station.


Mr. Kovatch described dining services available to students, ranging from unlimited dining to a $200 dining spending account. Revenues must cover all operating costs, including food, labor, capital and indirect costs. Proposed University meal plan rate increases for 2012-2013 range from zero to 4.5%, with an average increase of 3.7%. Personnel services and food costs are expected to increase 3%. This school year, approximately 8,600 University students purchased contract meal plans. The College at Wise meal plan rate increases range from 4.8% to 5.1%. The College serves approximately 810 students on contract meal plans.


Mr. Kovatch compared 2011-2012 rates for student housing, dining contract rates, and combined room and board rates to other Virginia public institutions and also peer institutions.


On motion, the following resolutions were approved by the Board of Visitors.


APPROVAL OF PROPOSED INCREASE IN FACULTY AND STAFF HOUSING RATES

FOR 2012-2013








RESOLVED, the faculty and staff housing rates are approved as indicated, effective July 1, 2012. The Executive Vice President and Chief Operating Officer, or his designee, is authorized to increase the rates to market level when a property is vacated during the year.


RESOLVED FURTHER, the President proposes the rate for the property occupied by the Executive Vice President and Chief Operating Officer.



ACADEMIC DIVISION











Properties

Utilities

Furnished

Rents

2011-2012

Per Month

Amount

of Increase

Percent

of Increase

Prop. Rents

2012-2013 Per Month

Utilities Paid By Occupant













Piedmont Estates









1 Bedroom Apt. (7)(F)

WS,E,G,C,T,AC

$705

$0

0.00%

$705




2 Bedroom Apt. (16)(UF)

WS,E,G,C,T,AC

$825

$0

0.00%

$825




Houses (3BR) (16)(UF)

WS,C,T,HVAC

$1,200

$0

0.00%

$1,200

E,G



Townhouses (3BR)(5)(UF)

WS,C,T,HVAC

$1,100

$0

0.00%

$1,100

E,G



Farmhouse Apts-1&3 (1BR)(F)

WS,E,G,C,T,AC,D

$734

$0

0.00%

$734



Farmhouse Apt. 2 (3BR)(F)

WS,E,G,C,T,AC,D

$1,050

$0

0.00%

$1,050


Farmhouse Apt. 4 (2BR)(F)

WS,E,G,C,T,AC,D

$880

$0

0.00%

$880









Sundry







Vyssotsky Cottage (3BR)(UF)

WS,T,AC

$1,120

$30

2.68%

$1,150

E,G

McGuffey Cottage (Eff)(F)

WS,E,V,T,AC,D,C

$565

$35

6.19%

$600


Upper Mews (1BR)(F)

WS,E,HP,C,T,AC,D

$800

$0

0.00%

$800


Lower Mews (1BR)(F)

WS,E,HP,C,T,AC,D

$775

$0

0.00%

$775


Monroe Hill Range (1BR)(UF)

WS,E,HVAC,T,V,D,C

$1,050

$0

0.00%

$1,050


Brown College Apts. (2) (2BR)(UF)

WS,E,HVAC,T,V,D,C

$806

$0

0.00%

$806


Hereford Coll. Apts. (2) (2BR)(UF)

WS,E,HVAC,T,V,D,C

$930

$0

0.00%

$930


Hereford Coll. Princ. Res. (3BR)(UF)

WS,E,HVAC,T,V,D,C

$1,395

$50

3.58%

$1,445


102 Cresap Fac. Apt. (1BR)(F)

WS,E,G,T,HVAC,V, D,C

$850

$0

0.00%

$850


Hedge House (2BR)(UF)

WS,C,T,AC

$900

$0

0.00%

$900

E,G

Orchard House (5RMS)(F)

WS,E,G,C,T,AC,D

$475

$0

0.00%

$475


118 Oakhurst, Upper (2BR)(UF)

WS,G,C,AC

$900

$0

0.00%

$900

E,T

118 Oakhurst, Lower (2BR)(UF)

WS,G,C,AC

$1,020

$0

0.00%

$1,020

E,T

424 Shea House,(1BR)(UF)

WS,E,G,C,HVAC,V,D

$852

$0

0.00%

$852


423 Shea House,(2BR)(UF)

WS,E,G,C,HVAC,V,D

$983

$0

0.00%

$983



004 Lewis, (1BR)(UF)


WS,E,G,C,HVAC,V,D


$852


$0


0.00%


$852



Birdwood Properties







Cottage (1BR)(UF)

WS,C,T,AC

$680

$0

0.00%

$680

E

Garage Apt. (2BR)(UF)

WS,C,T,AC,P

$950

$0

0.00%

$950

E

Cash House (3BR)(UF)

WS,C,T,AC,P

$1,150

$0

0.00%

$1,150

E

Middleton House (4BR)(UF)

WS,C,T,AC,P

$2,000

$0

0.00%

$2,000

E

Properties

Utilities

Furnished

Rents

2011-2012

Per Month

Amount

of Increase

Percent

of Increase

Prop. Rents

2012-2013 Per Month

Utilities Paid By Occupant


E & G Properties (UF)







Montebello (3BR)

WS,E,G,AC

$1,265

$35

2.77%

$1,300

C,T

Big Morea (4BR)

WS,E,G,AC,T

$1,215

$45

3.70%

$1,260

C

Little Morea (2BR)

WS,E,G,AC,T

$950

$50

5.26%

$1,000

C

Sunnyside (3BR)

WS,E,O,AC,T

$1,875

$0

0.00%

$1,875

C

Monroe Hill House (3BR)

WS,E,HVAC,T,V,D

$1,300

$75

5.77%

$1,375

C

Weedon House (6BR)

WS,E,HVAC,T,V,D

$3,000

$0

0.00%

$3,000

C

Pavilion I (3BR)

WS,E,HVAC,T,V,D

$1,550

$75

4.84%

$1,625

C

Pavilion II (3BR)

WS,E,HVAC,T,V,D

$1,350

$75

5.56%

$1,425

C

Pavilion III (3BR)

WS,E,HVAC,T,V,D

$1,300

$25

1.92%

$1,325

C

Pavilion IV (3BR)

WS,E,HP,T,V,AC,D

$1,000

$50

5.00%

$1,050

C

Pavilion V (5BR)

WS,E,HVAC,T,V,D

$1,800

$0

0.00%

$1,800

C

Pavilion VI (4BR)

WS,E,HVAC,T,V,D

$1,300

$75

5.77%

$1,375

C

Pavilion VIII Upper (3BR)

WS,E,HVAC,T,V,D

$850

$50

5.88%

$900

C

Pavilion VIII Lower (1BR)

WS,E,HVAC,T,V,D

$600

$50

8.33%

$650

C

Pavilion IX (3BR)

WS,E,HVAC,T,V,D

$1,250

$75

6.00%

$1,325

C

Pavilion X (4BR)

WS,E,HP,T,V,AC,D

$1,110

TBD

TBD

TBD*

C


Blandy Farm







Curator's House

WS

$0

$0

0.00%

$0

E,O

Green Farm House

WS

$65

$185

284.62%

$250

E,O








Notes:







* Under renovation. New rate to be determined after post-renovation market appraisal.

  • A total of 89 properties will be within the market range for the 2012-2013 fiscal year.

  • The (F) designates properties that are furnished. The (UF) designates properties that are unfurnished.

  • Utility abbreviations are as follows: WS (water, sewer), E (electric), G (gas), O (oil), HP (heating plant), HVAC (heating, ventilating and air conditioning), AC (window air conditioning), C (cable TV), V (voice), T (trash), D (data) and P (propane).




APPROVAL OF STUDENT HOUSING RATES FOR 2012-2013

RESOLVED, rental increases for student housing facilities are

approved as shown below, effective beginning with the 2012-2013 session:










Actual



Proposed



2011-2012

Amount


2012-2013



Per Student

of

Percent

Per Student

First-Year Housing


Per Session

Increase

Increase

Per Session







First-year facilities have one rate – Alderman, McCormick and Gooch-Dillard, all rooms; Hereford, Brown College and the International Residential College, first-year rooms only.







Alderman Road Houses






Double Room


$4,870

$220

4.52%

$5,090

McCormick Road Houses






Double Room


$4,870

$220

4.52%

$5,090

Small Double Room


$4,870

$220

4.52%

$5,090

Single Room


$4,870

$220

4.52%

$5,090

Gooch-Dillard






Double Room


$4,870

$220

4.52%

$5,090

Single Room


$4,870

$220

4.52%

$5,090

Hereford College






Double Room


$4,870

$220

4.52%

$5,090

Single Room


$4,870

$220

4.52%

$5,090

Brown College






Double Room


$4,870

$220

4.52%

$5,090

IRC – Mary Munford/Roberta Gwathmey






Double Room


$4,870

$220

4.52%

$5,090


Upperclass Housing







Brown College






Double Room


$5,670

$260

4.59%

$5,930

Lawn






Single Room


$5,480

$250

4.56%

$5,730

Single Room (no fireplace)


$5,340

$240

4.49%

$5,580

Range






Single Room


$5,480

$250

4.56%

$5,730

Single Room (12-Month Rate)


$7,640

$340

4.45%

$7,980

Cracker Box






Single Room (12-Month Rate)


$7,640

$340

4.45%

$7,980

IRC - Mary Munford/Roberta Gwathmey






Double Room


$4,890

$220

4.50%

$5,110

Single Room


$5,480

$250

4.56%

$5,730

IRC - Lewis/Hoxton






Double Room


$5,300

$240

4.53%

$5,540

Small Double Room


$5,050

$230

4.55%

$5,280

Single Room


$5,730

$260

4.54%

$5,990

Single Room (w/bath)


$5,970

$270

4.52%

$6,240

Hereford






Double Room


$4,870

$220

4.52%

$5,090

Single Room


$4,930

$220

4.46%

$5,150




Actual 2011-2012

Per Student

Per Session

Amount of Increase

Percent Increase

Proposed 2012-2013 Per Student

Per Session













French House






Large Double Room


$5,450

$250

4.59%

$5,700

Double Room


$5,300

$240

4.53%

$5,540

Single Room


$5,840

$260

4.45%

$6,100

Russia House






Double Room


$5,280

$240

4.55%

$5,520

Single Room


$5,750

$260

4.52%

$6,010

Spanish House






Double Room


$5,300

$240

4.53%

$5,540

Single Room


$5,840

$260

4.45%

$6,100

Shea House






Double Room


$5,300

$240

4.53%

$5,540

Single Room


$5,840

$260

4.45%

$6,100








Apartments - Single Student







Faulkner (Hench, Mitchell, Younger)






Single occupancy


$5,820

$260

4.47%

$6,080

Large single occupancy


$6,770

$300

4.43%

$7,070

Copeley III & IV, Lambeth Field






Two Bedroom (double occ.)


$5,330

$240

4.50%

$5,570

Three Bedroom (double occ.)


$5,200

$230

4.42%

$5,430

Bice House






Two Bedroom (double occ.)


$5,330

$240

4.50%

$5,570

Three Bedroom (double occ.)


$5,200

$230

4.42%

$5,430

One Bedroom (single occ.)


$5,820

$260

4.47%

$6,080








Apartments - Family (per month)











Copeley Hill I & II






One Bedroom (furnished)


$705

$0

0.00%

$705

One Bedroom (unfurnished)


$675

$0

0.00%

$675

Two Bedroom (furnished)


$855

$0

0.00%

$855

Two Bedroom (unfurnished)


$825

$0

0.00%

$825

Three Bedroom (furnished)


$1,025

$0

0.00%

$1,025

Three Bedroom (unfurnished)


$985

$0

0.00%

$985

University Gardens






One Bedroom (furnished)


$701

$4

0.57%

$705

One Bedroom (unfurnished)


$670

$5

0.75%

$675

Two Bedroom (furnished)


$870

$0

0.00%

$870

Two Bedroom (unfurnished)


$840

$0

0.00%

$840



College at Wise






McCraray


$4,746

$332

7.00%

$5,078

Asbury, Thompson, Henson, Randolph, Townhouses, Theme Housing, Culbertson, Commonwealth


$5,468

$382

6.99%

$5,850







Notes:






  1. Family Housing apartments are within the market range. University Gardens one-bedroom properties were increased to be in alignment with the Copeley Hill properties.

  2. The rate for a double room used as a single is 135% of the double rate.

  3. The rate for a double room used as a triple is 85% of the double rate.



SUMMER SESSION HOUSING RATES






Summer Session Housing


Actual

2012

Amount of

Increase

Percent

Increase

Proposed

2013

Per person, per night, double






(25-night minimum)


$23.00

$1.00

4.35%

$24.00













Summer Session Housing – College at Wise


Actual

2011

Amount of

Increase

Percent

Increase

Proposed

2012







Per person, per session, double

(34 days)


$837.00

$58.00

6.93%

$895.00








MOUNTAIN LAKE BIOLOGICAL STATION PROPOSED RATES/NEW DAILY RATES



Housing






Actual Daily 2012


Percent Increase

Proposed Daily 2013

 





 

Dormitories

$ 7.25

3.45%

$ 7.50

Cabins/Apartments


$10.50

2.38%

$10.75






- - - - - - - - -


APPROVAL OF PROPOSED CONTRACT RATES FOR DINING SERVICES FOR 2012-2013 FOR THE ACADEMIC DIVISION AND THE UNIVERSITY OF VIRGINIA’S COLLEGE AT WISE


RESOLVED, the student contract rates for dining services are

approved as shown below, effective beginning with the 2012-2013 session:


ACADEMIC DIVISION


Actual 2011-12

Amount of Increase

Percent Increase

Proposed 2012-13

Regular Meal Plans (1,2)




 

Unlimited Entry w/ $150 Plus Dollars

$4,090

$160

3.91%

$4,250

15 Meals per week w/ $400 Plus Dollars

$4,090

$160

3.91%

$4,250

13 Meals per week w/ $500 Plus Dollars

$4,090

$160

3.91%

$4,250

10 Meals per week (first year) w/ $860

Plus Dollars

$4,090

$160

3.91%

$4,250

10 Meals per week (upperclass) w/ $300

Plus Dollars

$3,530

$140

3.97%

$3,670

100 Meals per semester w/ $300 Plus

Dollars

$2,300

$90

3.91%

$2,390

ACADEMIC DIVISION (continued)

Actual 2011-12

Amount of Increase

Percent Increase

Proposed 2012-13

80 Meals per semester w/ $350 Plus

Dollars

$2,000

$80

4.00%

$2,080

50 Meals per semester w/ $390 Plus

Dollars

$1,500

$50

3.33%

$1,550

50 Meals per semester w/ $100 Plus

Dollars (graduate students only)

$1,210

$0

0.00%

$1,210



Residential College/Language House Meal Plans (1,2,3) 






Unlimited Entry w/ $150 Plus Dollars

$4,200

$160

3.81%

$4,360

15 Meals per week w/ $400 Plus Dollars

$4,200

$160

3.81%

$4,360

13 Meals per week w/ $500 Plus Dollars

$4,200

$160

3.81%

$4,360

10 Meals per week (first year) w/ $860

Plus Dollars

$4,200

$160

3.81%

$4,360

10 Meals per week (upperclass) w/ $300

Plus Dollars

$3,640

$140

3.85%

$3,780

100 Meals per semester w/ $300 Plus

Dollars

$2,410

$90

3.73%

$2,500

80 Meals per semester w/ $0 Plus

Dollars (Brown College only)

$1,760

$80

4.55%

$1,840

80 Meals per semester w/ $350 Plus

Dollars

$2,110

$80

3.79%

$2,190

50 Meals per semester w/ $390 Plus

Dollars (Hereford & Brown only)

$1,610

$50

3.11%

$1,660

 




 


Athletic Meal Plans (1,2)






Unlimited Entry w/ $150 Plus Dollars

$4,200

$160

3.81%

$4,360


15 Meals per week w/ $400 Plus Dollars

$4,200

$160

3.81%

$4,360


13 Meals per week w/ $500 Plus Dollars

$4,200

$160

3.81%

$4,360


10 Meals per week (first year) w/ $860

Plus Dollars

$4,200

$160

3.81%

$4,360


10 Meals per week (upperclass) w/ $300

Plus Dollars

$3,640

$140

3.85%

$3,780


100 Meals per semester w/ $300 Plus

Dollars

$2,410

$90

3.73%

$2,500


80 Meals per semester w/ $350 Plus

Dollars

$2,110

$80

3.79%

$2,190


Other






Law School Meal Plan (4)

$200

$0

0.00%

$200










Actual 2011

Amount of Increase

Percent Increase

Proposed 2012


Summer Session Meal Plan Rates


20 Meals w/ $40 Plus Dollars




$200



$0




0.00%




$200

40 Meals w/ $80 Plus Dollars


$380

$0


0.00%


$380

60 Meals w/ $120 Plus Dollars


$560

$0


0.00%


$560





THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE

 

 

 

19 Meal Plan

$3,617

$181

5.00%

$3,798

Freedom 15 Meal Plan (new)

n/a

n/a

n/a

$4,145

Freedom 12 Meal Plan

$3,252

$163

5.00%

$3,415

80 Block Commuter Plan (per semester)

$490

$25

5.10%

$515

50 Block Commuter Plan (per semester)

$320

$16

5.00%

$336

25 Block Commuter Plan (per semester)

$165

$8

4.84%

$173

  1. Plus Dollars are credited to a student's dining account and may be used in the same manner as cash at any board dining hall and/or retail operation.

  1. First-year students are required to purchase a 13-, 15- or unlimited-meal plan during their first semester. During their second semester, they may switch to a 10-meal plan with $860 Plus Dollars.

  1. Some residential colleges and language houses have a dining requirement as part of their program.

  1. Law School students are allowed to deposit a minimum $200 per academic year into a dining spending account.


MOUNTAIN LAKE BIOLOGICAL STATION


Dining


Proposed Daily 2013

Percent Increase

Actual Daily 2012

Adult

$27.00

$28.00

3.70%

Children 13 & older

$27.00

$28.00

3.70%

Children 3 to 12

$16.50

$17.00

3.03%

Children 2 & under

$0.00

$0.00

0.00%



- - - - - - - - -


The Rector turned the meeting back over to Mr. Strine to discuss tuition and fees for the University and The University of Virginia’s College at Wise. Mr. Strine began by focusing on the strategic priorities and principles that the University tries to balance in setting tuition:


There are four things that primarily drive increases in tuition:


The University has several initiatives to mitigate tuition price increases: limiting salary adjustments, managing the workforce through attrition, improving administrative efficiency, and maximizing other fund sources.


Mr. Strine introduced Ms. Colette Sheehy, Vice President for Management and Budget, to provide an in-depth look at proposed tuition and fees.


While viewing charts comparing the University’s 2011-12 total price vs. net price for Virginians and Non-Virginians with peer public and private institutions, Ms. Sheehy said the University is more affordable than the public peers. However, private peers with a significantly higher gross price have a lower net price than the University, due to their generous financial aid.


The proposal for increases in undergraduate tuition and fees is 3.7%, or $430 for in-state students, to $12,006, and an increase of 4%, or $1,448 for out-of-state students, to $38,018. The administration recommended that the University continue the second of three steps in implementing differential tuition at the McIntire School of Commerce. Third and fourth year students in the McIntire School will pay a $4,000 tuition differential, an increase from $3,000 this year. The application fee will also be increased from $60 to $70, which will put McIntire in line with peers.


Ms. Glynn Key asked for information on the percentage of McIntire students with need for financial aid. Mr. Strine said the data would be gathered.


Ms. Sheehy said Educational and General fees for in-state students will remain the same. An increase of $10 or 1.5% for out-of-state students was mandated by the General Assembly to cover the required debt service transfer to the Commonwealth.


Auxiliary fees, which include Student Health, Intramurals/Recreation facilities, Newcomb Hall, Bus service, student programming, Data Center Microsoft Licensing, Safe Ride, WTJU, and auxiliary reserves is proposed to be increased by 2.6% or $48.




Two new fees to cover the increased costs of labs and new technology will be charged: $60 per credit hour in the School of Nursing, and $32 per credit hour in the School of Engineering and Applied Science.

Using several slides, Ms. Sheehy demonstrated admission trends, showing the quality of 2012-13 admitted students growing stronger, the number of applicants increasing, the diversity of the entering class, high school rank, and mean SAT scores.


The proposed increase in tuition and required fees for in-state graduate non-Engineering students is 3.7% or $564, to $15,662 and 2.3%, or $574 to $25,668 for out-of state. Graduate rates are made up of a blend of class tuition rates and research tuition rates. It is recommended that the increase in engineering school research rates be greater, $150 per credit hour, than for other students ($62 per credit hour) to recognize the resources and faculty effort related to research activity. Therefore, full-time in-state engineering tuition and fees will increase by 7.2%, or $1,092, to $16,190. Full-time out-of-state Engineering tuition will rise by 4.4%, or $1,102, to $26,196.


Tuition and required fees for Darden School full-time M.B.A. students are proposed to increase by 4%, or $1,900 for in-state and 3.7%, or $1,900 for non-Virginians. The proposed increase for Law School students is $1,800, or 4% in-state and 3.6% for out-of-state students. This maintains a $5,000 differential between in-state and out-of-state tuition and fees for both the Darden School and the Law School. Both schools compare favorably with peer institutions.


The tuition and fees for the School of Medicine are proposed to increase 4.5% for both in-state and out-of-state fourth-year students. First-, second-, and third-year students pay a higher tuition rate, with a 4.6% increase for Virginians and a 4.5% increase for non-Virginians.


For The University of Virginia’s College at Wise, tuition and fees are recommended to increase 5% for in-state students, to $8,107, and 5.3% for out-of-state students, to $22,475. Of the $182,000 of increased revenue, $50,000 will be allocated to financial aid. The incremental revenue will be directed to fund two new T&R faculty position and to increase the general faculty reserve.

On motion, the following resolutions were approved by the Board of Visitors:





















On motion, the following resolution was approved by the Board of Visitors:




APPROVAL OF TUITION, FEES AND OTHER CHARGES FOR THE ACADEMIC DIVISION AND THE COLLEGE AT WISE FOR FISCAL YEAR 2012-2013


RESOLVED, the approval of tuition and fees for the academic division and the University of Virginia’s College at Wise for the 2012-2013 academic year and summer session is provisional, subject to final action by the General Assembly on a state budget; and


RESOLVED FURTHER, the Executive Committee of the Board is delegated the authority to finalize a tuition and fee structure for the 2012-2013 fiscal year after a state budget is approved by the General Assembly and the Governor should the rates outlined in the resolution dated April 13, 2012 change.  


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The full Board meeting was adjourned at 4:40 p.m.


Respectfully submitted,

Susan G. Harris

Secretary


SGH:lah

These minutes have been posted to the University of Virginia’s

Board of Visitors website.

http://www.virginia.edu/bov/publicminutes.html