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.
UMW’s Board of Visitors began discussing potential increases in tuition and fees in February 2023, with a public comment period with the Board. The University also hosted staff and faculty budget forums, and an SGA and UMW administration joint forum on the budget and tuition setting on April 10.
“This is an incredibly important decision for our University and for our students and families who invest in their education here. We’ve taken the time to understand where we are historically, as well as among our Virginia peer institutions and where UMW might be positioned in the future. We’ve been creative and strategic in finding solutions while maintaining the high quality for which UMW is known,” said UMW Board of Visitors Rector Devon Cushman ’93. Read more.
The University of Mary Washington is a premier, selective public liberal arts and sciences university in Virginia, highly respected for its commitment to academic excellence, strong undergraduate liberal arts and sciences program, and dedication to life-long learning. The university, with a total enrollment of about 4,000, features colleges of business, education and arts and sciences, and three campuses, including a residential campus in Fredericksburg, Va., a second one in nearby Stafford and a third in Dahlgren, Va., which serves as a center of development of educational and research partnerships between the Navy, higher education institutions and the region’s employers.