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VCU Raises Tuition 3%

Comes as Reports Surface of Potential $25 Million Shortfall

VCU
VCU
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Richmond, Va. (Newsradiowrva.com) - VCU's Board of Visitors has voted to raise tuition 3% for undergraduate students. The vote comes as the Richmond Times-Dispatch reports the university could be looking at a $25 million shortfall.

The school is running short because of higher costs caused by inflation and state-mandated raises. The school could be facing up to 250 layoffs as a result of the shortfall. The three percent increase brings the total cost annually for VCU for an in-state student to around $29,000.


This news also comes as former Governor Doug Wilder, a VCU employee, is criticizing VCU President Michael Rao for spending $73 million of VCU Health's money to pull out of a development deal involving the old Public Safety Building.

Comes as Reports Surface of Potential $25 Million Shortfall