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Reply to "What do people ink of the VA prepaid tuition plan?"
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[quote=Anonymous]UVA and W&M have basically lost their state funding under McDonnell and Cuccinelli, and are projecting at least 7% p.a. rate increases. There will also be enhanced capital costs because the state has made it clear that it will no longer fund any capital expansions at either UVA or W&M. So an extrapolation of the current tuition, room & board, fees, and cash expenses, plus a rounding amount, would yield a total annual in-state rate of roughly $47,000 p.a. by 2019 (W&M will freeze tuition, but no other costs, for the standard four years if done on campus without a break -- no word from UVA yet). A 7% rate increase means that there is no safe investment vehicle that is available to the general public, net of investment management fees, that will work. The safest course of action, if you can swing it, is assume a BA/BS cost at the two premiere state schools of about $200 K effective 2019. [/quote]
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