Among other things, the Visitors Committee will approve an increase in tuition fees and other fees for domestic and foreign students for the school years 2022–2023 and 2023–2024 as well as an increase in the prices for faculty apartments. He should also confirm the name for the new building of the Center for Contemplative Sciences and set up a handful of new professorships.
The 17 members of the rector and visitors to the university serve as the corporate board of the institution and advise and decide on long-term planning initiatives – including capital projects, guidelines and budgets.
The Finance Committee of the Visitors’ Committee will present and submit proposals for upcoming tuition fee increases for the next two academic years at its meeting on Friday at 8:30 a.m. Its study philosophy is to “prioritize affordability, accessibility, and maintaining high quality,” according to the committee, which notes it seeks other revenue and savings before increasing tuition fees, calling it a “last resort”.
Still, the committee will recommend increasing tuition fees for undergraduate courses by 4.7 percent in the 2022-2023 school year and a further 3.7 percent in the 2023-2024 school year. According to the committee’s documents, a 1 percent increase in tuition will bring in only $ 3 million gross for the university, with the tuition increases serving to combat inflation, staff pay increases, utilities, and the library system.
The school is also suggesting an increase in mandatory no-tuition fees and general fees for full-time students. The increase, which will increase by $ 128 in 2022-2023 and $ 134 in 2023-2024, will be split between increased needs for student health and counseling, recreational facilities and compensation for university traffic, and operational needs for athletics and student programming, and in Newcomb Hall.
The prices for staff housing are also expected to rise in the years 2022–2023 by an average of 4.0 percent compared to the rates of previous years. An increase is also proposed for student dormitories, with room and board costs expected to rise by 3.6 percent and 4.3 percent, respectively. The increase in funding is intended to help support the Great and Good Plan 2030 efforts to build more student dormitories on the site.
The increase in tuition fees will be discussed before the finance committee of the board of directors before it is approved by the full board on Friday. College at Wise fees are also expected to increase, with freshmen expected to increase 3.0 percent in both 2022-2023 and 2023-2024.
The Building and Land Committee will also officially designate the Center for Contemplative Science as the building of the Contemplative Commons at its meeting on Thursday at 2:15 p.m. The name of the building was suggested by the project’s main donors, Paul Tudor and Sonia Klein Jones.
The panel will also discuss the concept for an expansion of the UVA Encompass Health Rehabilitation Hospital in Fontaine Research Park and discuss progress towards the university’s 2030 sustainability plan.
According to the planned presentation by the Building and Land Committee, the university has reduced its total emissions by 44 percent since 2010 and saved water and waste by 22 and 33 percent, respectively, over the same period.
An update on the highly anticipated Ivy Corridor projects is also expected, with construction to start on the School of Data Science in early January and groundbreaking for the new university hotel and conference center in the spring.
Finally, the Committee for Academic and Student Life will set up new professorships and directorships at its meeting on Thursday at 3 p.m.
The board of directors will vote on the establishment of the Donna and Richard Tadler University Professorship of Entrepreneurship, named after Richard and Donna Tadler, founders and alumni who both graduated from the university in 1979.
He will also vote on the establishment of the third Lawrence R. Quarles Professorship in Engineering and Applied Sciences, with the Lawrence R. Quarles Professorship now providing enough annual income to establish a third professorship. The board will also vote on the Ann Warrick Lacy Distinguished Professorship, named after the mother of university donor Lindwood A. Lacy Jr.
Finally, the Board of Directors will consider establishing the Barbara Fried Directorate of the Center for Teaching Excellence, named after Barbara Fried, a current director and president of Fried Companies, Inc. real estate development and management company enable faculty members to teach in increasingly innovative and effective ways. “
Sessions will be held as open and closed sessions, with the open sessions being streamed live for public viewing at https://bov.virginia.edu/live.
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