WVU BOG approves budget and tuition increase for Fall 22
MORGANTOWN, W.Va. – West Virginia University’s fall 2022 freshman class is slightly larger than last year, and like everyone else, they’ll pay a little more for everything.
Vice President and Vice President for Academic Affairs Maryanne Reed said that despite declining high school enrollment statewide and declining interest in college, the freshman class of fall 2022 will be slightly more numerous.
“Nearly 4,800 students have been admitted and posted bail,” Reed said at the WVU Board of Governors meeting on Friday. “An interesting fact is that over 50% of this incoming cohort are non-resident students.”
Last fall tuition was increased by approximately 1.9%, the last increase before that was a 1.86% increase in 2019 before the pandemic. Tuition fees have not increased during the pandemic.
For fall 2022, tuition for resident students will be 2.62% or $120 per semester and for non-resident students the increase will be 2.88% or $372 per semester. Chief Financial Officer Paula Congelio said increases will be consistent across the board.
“Our graduate and professional programs are mostly offered in the same range, between 2.5 and 2.9 percent,” Congelio said.
Other increases in living expenses include housing and a 4.5% increase for meal plans.
“It is proposed to increase our room rates across the board by 3% for Morgantown and Potomac State to keep up with rising maintenance costs and inflation,” Congelio said.
Congelio said they take all increases very seriously and work very hard to keep the cost of higher education down. She acknowledged the inflation and the difficulties created by the pandemic while noting that more scholarship opportunities will be offered.
“Forty-five percent of our resident undergraduate students graduate debt-free,” Congelio said. “For those with debt, the average borrowed is $17,339.”
On the budget side, the fiscal year 2023 budget includes $1.159 billion in revenue and $1.207 billion in operating and non-operating expenses. The university will not receive coronavirus relief money this year, but it expects an uptick in grants and contracts.
“After excluding the $36.6 million annual amortization on donated right-to-use software and additional amortization of leased assets, the adjusted operating loss is expected to be $7.3 million. dollars.”
Before the governor approved a salary increase plan this legislative session, the university allocated $16.2 million for salary increases. So the $4.67 million approved by the legislature for increases will offset that figure.