WVU BOG approves budget, tuition increase for fall ’22

MORGANTOWN, W.Va. – The fall 2022 freshman class at West Virginia University is slightly larger than last year and like everyone else they’ll pay a little more for everything.

Provost and vice president of academic affairs Maryanne Reed said despite high school enrollment has decreased statewide and interest in college has waned, the fall 2022 class of freshmen will be slightly larger.

WVU Provost Maryanne Reed

“Nearly 4,800 students have been admitted and have given their deposit,” Reed said during Friday’s WVU Board of Governors meeting. “An interesting fact is more than 50 percent of this incoming cohort consists of non-resident students.”

Last fall tuition was increased by about 1.9 percent, the last increase prior to that was a 1.86 percent increase in 2019 before the pandemic. Tuition was not increased during the pandemic.

For the fall of 2022, tuition for resident-students will be 2.62 percent or $120 per semester and for non-resident students the increase will be 2.88 percent or $372 per semester. Chief financial officer Paula Congelio said the increases will be consistent across the board.

“Our graduate and professional programs, for the most part are proposed in the same range, between 2.5 and 2.9 percent,” Congelio said.

Other living expense increases include housing and a 4.5 percent increase for meal plans.

“Our room rates across the board for Morgantown and Potomac State are proposed to increased at 3 percent in order top keep step with increased costs of maintenance and inflation,” Congelio said.

Congelio said they take all increases very seriously and work very hard to keep the cost of higher education low. She acknowledged inflation and hardship created by the pandemic while noting more scholarship opportunities will be made available.

“Forty-five percent of our resident undergraduate students graduate without any debt,” Congelio said. “For those who do have debt the average borrowed is $17,339.”

On the budget side, the FY 2023 budget includes $1.159 billion of revenues and $1.207 billion of operating and non-operating expenses. The university will not receive coronavirus relief money this year, but they do expect a slight increase in grants and contracts.

“After excluding annual amortization of $36.6 million on donated right-to-use software and additional amortization of leased assets the adjusted operating loss is expected to be $7.3 million.”

Before the governor approved a plan for pay raises this legislative session, the university allocated $16.2 million for salary increases. So, the $4.67 million approved by the legislature for raises will off set that figure.

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