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.




