JACKSON’S MILL, W.Va. – As state funding continues to decrease, the WVU Board of Governors once again is forcing students to help make up the difference.

The BOG approved an 8-percent spike in tuition and fees for in-state students and a 4-percent increase for out-of-state enrollees on Thursday, part of the university’s new budget.

“It becomes a real juggling act because there aren’t a whole lot of avenues you can look to,” BOG chairman Jim Dailey II told MetroNews.

Tuition and fees will rise $252 a semester for West Virginia students and $396 a semester for their out-of-state counterparts. The annual tuition at WVU will climb to $6,860 a year for in-state residents and $20,424 for non-residents.

University president E. Gordon Gee claimed WVU remains a bargain despite the increase.

“While we recognize that increasing the tuition even $1 is a concern for our current and prospective students, a West Virginia University education remains one of the best investments you can make,” Gee said in a release. “Even with the rising cost of higher education, the return over a lifetime remains substantial – even into the millions of dollars.”

Dailey said the BOG is concerned about growing student debt and in response approved a plan to increase financial aid for needy students at a greater percentage than the tuition increase, adding $1.5 million to the needs-based program.

“Each year, hopefully that financial aid for that particular student will increase proportionately,” he said. “It’s something that’s not been done in the past. There’s all kinds of forward thinking with respect to how that affects the student both from the financial aid point of view and financial debt.”

Dailey said WVU is continuing a budget review of all programs.

The tuition increase will go before the West Virginia Higher Education Policy Commission for final approval.

Thursday’s BOG meeting took place at Jackson’s Mill in Lewis County.

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Comments

  • Shawn H

    It's the progressive's way of life.
    "We've mismanaged your money, so now we are going to take more of your money so we can mismanage that."

    Much like the government has done to us for years.

  • John

    *thin

  • Randy

    My kid is getting ready to go to Graduate School at Marshall this fall and his across the board expenses, tuition, fees, books, food etc. is just under 35K for the upcoming year. Unfortunately, we don't have the money for this especially after the first four years already so he has to borrow every penny.

    What they don't tell you is now that the Government took over all education loans they doubled the interest rates and the interest starts to compound the moment they accept the check. By the time he gets done he will easily owe up words of 200K and that doesn't even cover the long term interest applied after. I'm just thankful that the degree he's going after will actually allow him to repay this debt unlike some of the others he could have chosen.

  • Pickle Barrel

    I've heard the same thing since I was in college 35 years ago. Tuition is expensive, we can't afford it, etc.
    $100 put away each month for 18 years at 5% will yield nearly $35,000, more than enough to pay for tuition. If your child receives a Promise Scholarship, it's plenty enough to cover room & board as well. There is a wonderful vehicle to do this with…the SMART 529 Plan, where the earnings are tax-free and you get a deduction on your WV taxes for the amount you contribute.
    Please don't tell me folks can't afford to save the equivalent of four bucks a day. It's a matter of priorities.
    Just saying.

    • Randy

      You better do your homework again. We just did the first 4 years and the figures you quote would only cover 2 years and don't even try to tell me otherwise.

      If I have I will go onto the web site and pull up exactly what was paid each year and it far exceeded what you quoted.

      • Pickle Barrel

        Nothing wrong with my figures. I refer to tuition only, which is $6,860 per year and with a Promise Scholarship is a net $2,100 per year, leaving $4,700 for the rest (which I grant may be a bit short if books, housing and fees are included). If in-state tuition rises at 4% per year, the 5% earnings figure covers that inflation on the tuition cost.

        My point is that much of the cost of college can be met without too much pain if you start saving a little bit early and stay disciplined throughout the child's life in elementary and secondary school.

        • Randy

          Actually, no you didn't. You said, "it's plenty enough to cover room and board as well". And it's no where close. Tuition, fees, room & board, books etc. all told runs pretty close to 17K a year.

        • Harpers Ferry

          Save? Why would anyone do something stupid like that? We are Americans, we must buy the latest and greatest thing shoved in our faces on our flat screens of wonder and amazement.

  • fmrstate employee

    remember when the politicians capped the promise scholarship? no one hardly said a word well we are getting further away from"every student who meets the requirements will get there tuition paid" we still have the slot machines in every town,but they reasoned the education was getting to expensive. now they just reduce,restrict and regulate the amount of the tuition the state pays.

  • Tom

    In-state tuition = $6,860 - - Out-of-state tuition = $20,424. Wow! And Gee says that's a good bargain. Add room and board to that and you have a number that not many families can afford. Is higher education becoming something that only the upper income folks can afford?

    • Matt

      The wealthy have no problem affording tuition as well as the low income families. Low income kids can essentially go debt free. As always the people in the middle accrue the most debt.

      • THP

        How do the low income families go debt free?

        • Matt

          Full Pell grant is around $5700; WV Higher Ed $2500; and if they are Promise eligible add $4750 to that.

  • Robin

    "Dailey said the BOG is concerned about growing student debt and in response approved a plan to increase financial aid for needy students at a greater percentage than the tuition increase, adding $1.5 million to the needs-based program."

    Excuse me but the way to reduce debt is not to increase borrowing limits. At the rate these guys are going everyone will be needy. Evidently Dailey is not a graduate of the School of Business and Economics.

    • jwws

      True if the state decided loan limits but he is talking about grants and promise scholarships