The University of Mary Washington Board of Visitors has set 2023-24 tuition and fees, deciding to hold undergraduate tuition flat, while implementing small increases in graduate tuition and student fees.
The University of Mary Washington Board of Visitors approved tuition and fees for the 2023-24 academic year at its May 18, 2023, meeting. Undergraduate tuition will remain the same in the coming year. Graduate tuition will increase 3%, and the auxiliary comprehensive fee and housing and dining fees for all students will increase by 5%.
UMW’s tuition and fee rates are one part of the equation to begin the year with a balanced budget, a requirement for public colleges in Virginia. In addition, the University relies on the state budget, and in recent years has pulled in reserve funding, particularly during the pandemic when enrollment varied.
All three strategies will once again result in a balanced budget to start fiscal year 2024, overcoming a deficit of nearly $7 million. The total is due to inflationary cost increases and changes in base expenses, primarily in energy and dining charges; state-mandated increases in salaries and health insurance premiums as well as minimum wage and administrative system charges for financial, human resources and information technology services; and adjustments to revenue sources from enrollment. Read more.