Radford University tuition going up nearly 3 percent, lowest increase in 15 years

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RADFORD, Va. (WDBJ7) Radford University announces smallest increase in tuition in 15 years.

The price of a college education is continuing to go up, but at Radford University, the increase is lower the past years.

The University Board of Visitors agreed on tuition and in-state fees for the 2016 - 2017 school year on Friday.

Those numbers will increase by 2.77% from the 2015-2016 school year, the lowest increase the school has seen in 15 years.

The BOV also approved rate increases of $149 (2.99%) for room (standard double) and $116 (3%) for board (19 meal plan).

A comparison of total price (tuition, mandatory fees, room and board) for the 2015-16 academic year shows that Radford University to be 12.9% below the average for in-state undergraduate students and the third lowest among Virginia’s four-year public institutions of higher education.

Vice President of University Relations Joe Carpenter explained, "This is made possible, in large part, due to the General Assembly allocating more money towards higher education. The money that's for Radford University is specifically for access and affordability for students. This means that more students will be able to attend college and afford college.

Carpenter explained next year it will cost $10,081 for school, and $19,192 for those living on campus.

Virginia Delegate Joseph Yost (12th District), who earned both his bachelor’s degree (2006) and master’s degree (2008) from Radford University, extolled the Board and university administration for recognizing the importance of access to higher education for families.

“As a proud double alumnus of Radford University representing our New River Valley, I am thankful for the opportunities that my education at RU has afforded me. However, I am also keenly aware of the expense that a college education represents for most families,” said Del. Yost. “The university’s commitment to providing Virginians an affordable quality college education means that the General Assembly’s support of additional resources to assist with access will have an even greater impact for future college-bound students.”

“We are thankful for the assistance of Governor McAuliffe and the General Assembly this session. That support, combined with the diligent management of our resources within the university, means that Radford University continues to be able to offer a high quality, affordable higher education for more citizens of our Commonwealth,” said Radford University President Penelope W. Kyle. “The Board of Visitors’ decision represents a conservative, sufficient and prudent funding approach for Radford University for the 2016-17 academic year.”.

Here is the news release from Radford University:

At its quarterly meeting held on campus today, the Radford University Board of Visitors (BOV) approved tuition and fees for the 2016-17 academic year, resulting in a 2.77% increase in tuition and required fees for in-state undergraduate students, the lowest percentage increase in 15 years.

The BOV considered a number of factors in its decision, including mandated and non-discretionary cost increases.

For the 2016-17 academic year the increase in tuition and mandatory fees for in-state undergraduate students is $272 and $69 for out-of-state undergraduate students. The BOV also approved rate increases of $149 (2.99%) for room (standard double) and $116 (3%) for board (19 meal plan).

Radford University continues to provide a high quality education at a competitive price. A comparison of total price (tuition, mandatory fees, room and board) for the 2015-16 academic year shows that Radford University to be 12.9% below the average for in-state undergraduate students and the third lowest among Virginia’s four-year public institutions of higher education.

The significant infusion of new general fund resources to education through this General Assembly session mitigated the need to increase tuition any further. While the final state budget has not been officially adopted, Radford is expected to receive nearly $1.5 million in new funding in the first year of the biennium to improve access and affordability.

Virginia Delegate Joseph Yost (12th District), who earned both his bachelor’s degree (2006) and master’s degree (2008) from Radford University, extolled the Board and university administration for recognizing the importance of access to higher education for families. “As a proud double alumnus of Radford University representing our New River Valley, I am thankful for the opportunities that my education at RU has afforded me. However, I am also keenly aware of the expense that a college education represents for most families,” said Del. Yost. “The university’s commitment to providing Virginians an affordable quality college education means that the General Assembly’s support of additional resources to assist with access will have an even greater impact for future college-bound students,” he added.

“We are thankful for the assistance of Governor McAuliffe and the General Assembly this session. That support, combined with the diligent management of our resources within the university, means that Radford University continues to be able to offer a high quality, affordable higher education for more citizens of our Commonwealth,” said Radford University President Penelope W. Kyle. “The Board of Visitors’ decision represents a conservative, sufficient and prudent funding approach for Radford University for the 2016-17 academic year,” added Kyle.