Reply to In-state students from families earning less than $80K will be able to attend U.Va. tuition-free

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I[b]s this 2/3 in-state to 1/3 OOS ratio "pledge" coming from UVA or is it coming from the General Assembly? 
When I see multiple acceptances from one wealthy Florida high school, I am going to assume that the accepted students are footing the entire bill, especially when I have a family member living in that particular community.  I know that anecdotes are not data, thanks in advance.  [/quote][/b]

UVA was spun off as a self-sustaining entity in 2005.  It receives less than 5% from the Commonwealth of Virginia.  It managed to invest so wisely that its 9.5B endowment is now twice that of UCLA and Berkeley's so it can afford the new programs for low-income and middle-income families in addition to the break on tuition for in-state.    It has pledged one-third OOS/ two-thirds in-state for as long as I can remember.  That number does not change.  I imagine the new President and Rectors could change that but it would require a board vote.  If it were to change, the push would be to increase the number of in-state seats, not OSS. Every year Nova legislators put in bills to increase the number of seats for Nova students to UVA but the bills never go anywhere.  With UCLA and Berkeley moving to 80/20 in-state/OOS, and Texas at a flat ten percent rule, it will be interesting to see where UVA goes.  If it reduces the OOS number, it will lose some of the diversity it has with students from all 50 states and 147 nations.  But the Virginians will be happy to see more seats opened up.

As to one "wealthy" Florida school, UVA does need students from all 50 states.  Many students from all 50 states aiming for Ivies use UVA as a safety.  UVA does not practice yield protection so if the students have the stats, ECs and offer geographical diversity, that's helpful to admissions but once accepted they may peel off for an Ivy.  It is also statistically easier to get into UVA as an OSS than as in-state.  All admissions is need-blind so it is not aware of a students' wealth factor other than zip code and high school.  Only two students from our "wealthy" high school made it in.  Admissions might think we're wealthy based upon zip code but we're not.  In fact, FAFSA gave us nothing.  We're very very grateful to be living in a state with so many educational opportunities.[/quote]

U[b]VA was not "spun off".  It is still a state institution.  UVA, W&M, VT, and later VCU has been given more autonomy under a restructuring act.  If you are citing less than 5% of budget coming from the state, it is only  because you are including the  large medical center budget in the total.  Without medical, it is 8.3%.  Even then, you have to remember that the academic budget has a lot of items in it that you would not expect the state to pay for, including research (much of which comes from federal sources) and ancillary enterprises like housing.  So the $150M that comes from the state  for general is significant to pay for instruction and not easy to replace.  If you had to replace it with endowment, it would take an unrestricted endowment of about $3.3B.   On top of that, UVA receives money for capital expenditures, and debt financing is state guaranteed.   The statement above makes it sound like UVA gets very little from the state.  It actually gets more per student from the state than VT, GMU, JMU, etc.  It is true that state general fund appropriations are now less than what comes from private sources at UVA (and also at W&M and VMI), but it is not an insignificant amount and would be difficult to replace.[/quote][/b]

Please read from wiki - UVA gets only 6% from the Commonwealth:

Due to a continual decline in state funding for the university, today only 6 percent of its budget comes from the Commonwealth of Virginia.[44] A Charter initiative was signed into law by then-Governor Mark Warner in 2005, negotiated with the university to have greater autonomy over its own affairs in exchange for accepting this decline in financial support.[45][46] . . . . . .

As of 2013, UVA's $1.4 billion academic budget is paid for primarily by tuition and fees (32%), research grants (23%), endowment and gifts (19%), and sales and services (12%).[89] A mere 10% of academic funds come from state appropriation from the Commonwealth of Virginia.[89] For the overall (including non-academic) university budget of $2.6 billion, 45% comes from medical patient revenue.[89] The Commonwealth contributes less than 6%.[89]

Although UVA is the flagship university of Virginia, state funding has decreased for several consecutive decades.[44] Financial support from the state dropped by half from 12 percent of total revenue in 2001-02 to six percent in 2013-14.[44] The portion of academic revenue coming from the state fell by even more in the same period, from 22 percent to just nine percent.[44] This nominal support from the state, contributing just $154 million of UVA's $2.6 billion budget in 2012-13, has led President Sullivan and others to contemplate the partial privatization of the University of Virginia.[6] UVA's Darden School and Law School are already self-sufficient.

Hunter R. Rawlings III, President of the prominent Association of American Universities research group of universities to which UVA is an elected member, came to Charlottesville to make a speech to university faculty which included a statement about the proposal: "there's no possibility, as far as I can see, that any state will ever relinquish its ownership and governance of its public universities, much less of its flagship research university".[6] He encouraged university leaders to stop talking about privatization and instead push their state lawmakers to increase funding for higher education and research as a public good.[6]

In 2009, the University of Virginia was one of only two public universities in the United States that had a Triple-A credit rating from all three major credit rating agencies, along with the University of Texas at Austin.[90][needs update]"[/quote]

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