Anonymous wrote:Interesting that UVA announced this just days after St. John's College announced it was substantially reducing its (high, private school) tuition. I'm sure a gigantic behemoth like UVA doesn't care what a tiny private like St. John's does, as they're not competitors at all--but maybe both announcements point toward more colleges reducing students' costs. Interesting to see two such different places both going that way.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:UVA is already 10% low income and launched the Blue Ridge Scholars and participates in Questbridge, so I don't think this is new, but Ryan needed something to say in his inaugural address. https://giving.virginia.edu/scholarships/blue-ridge-scholars/
Only 10% low income??for a public school?? Give me a damn break.
UVA has nothing to say about what percentage is determined to be low-income. The federal government establishes what low-income is and what a student is entitled to receive after the family files the FAFSA. The term "low-income individual" has been established by the Department of Education to be an individual whose family's taxable income for the preceding year did not exceed 150 percent of the poverty level amount.
Here are the ranges. https://www2.ed.gov/about/offices/list/ope/trio/incomelevels.html. The federal government sets a EFC (Expected Family Contribution) for each student. That info goes from the Department of ED to UVA. UVA pays 100 percent of education costs for low-income students as defined by the U.S. Department of Education. In addition to 10% low income, UUVA also has 35% students of color, 10% first-generation students (often from low-income or middle-income backgrounds), 8% international students, 37% OOS, etc. Also, the University has 100 Blue Ridge Scholarships for high achieving students from disadvantaged or underrepresented backgrounds. And there are also the Jefferson Scholars (full ride) as well that often goes to low-income students, but not necessarily. And UVA participates in Questbridge as well (HHI of less than 65K a year). To further diversity it brings in students from all 50 states and 147 nations. Finally, UVA expanded its financial aid program for middle-income Virginians in 2017, these are called "Cornerstone Grants" of $15 million to be distributed over the next three years. Middle-income families are defined as families with income of less than $125K who do not receive grants or scholarships from other sources. Please remember that the Cost of Attendance at UVA is also set at a fraction of what private universities and SLACs are charging. For many families, that delta of $45K or more per year means the difference between attending college or not attending even if they are paying full-freight.
I think the point was these are low numbers compared to schools like UCLA and Berkeley.
Anonymous wrote:Anonymous wrote:Anonymous wrote:UVA is already 10% low income and launched the Blue Ridge Scholars and participates in Questbridge, so I don't think this is new, but Ryan needed something to say in his inaugural address. https://giving.virginia.edu/scholarships/blue-ridge-scholars/
Only 10% low income??for a public school?? Give me a damn break.
UVA has nothing to say about what percentage is determined to be low-income. The federal government establishes what low-income is and what a student is entitled to receive after the family files the FAFSA. The term "low-income individual" has been established by the Department of Education to be an individual whose family's taxable income for the preceding year did not exceed 150 percent of the poverty level amount.
Here are the ranges. https://www2.ed.gov/about/offices/list/ope/trio/incomelevels.html. The federal government sets a EFC (Expected Family Contribution) for each student. That info goes from the Department of ED to UVA. UVA pays 100 percent of education costs for low-income students as defined by the U.S. Department of Education. In addition to 10% low income, UUVA also has 35% students of color, 10% first-generation students (often from low-income or middle-income backgrounds), 8% international students, 37% OOS, etc. Also, the University has 100 Blue Ridge Scholarships for high achieving students from disadvantaged or underrepresented backgrounds. And there are also the Jefferson Scholars (full ride) as well that often goes to low-income students, but not necessarily. And UVA participates in Questbridge as well (HHI of less than 65K a year). To further diversity it brings in students from all 50 states and 147 nations. Finally, UVA expanded its financial aid program for middle-income Virginians in 2017, these are called "Cornerstone Grants" of $15 million to be distributed over the next three years. Middle-income families are defined as families with income of less than $125K who do not receive grants or scholarships from other sources. Please remember that the Cost of Attendance at UVA is also set at a fraction of what private universities and SLACs are charging. For many families, that delta of $45K or more per year means the difference between attending college or not attending even if they are paying full-freight.
Anonymous wrote:Anonymous wrote:UVA is already 10% low income and launched the Blue Ridge Scholars and participates in Questbridge, so I don't think this is new, but Ryan needed something to say in his inaugural address. https://giving.virginia.edu/scholarships/blue-ridge-scholars/
Only 10% low income??for a public school?? Give me a damn break.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Courtesy of NOVA full pay families
Yes, but also taxpayers state-wide and nationwide who provide tax breaks and subsidies.
Oh come on. Let’s not pretend Virginia has done a great job supporting its state schools. If that was the case, they wouldn’t need so many out of state students. Duh.
UVA has a 9.5 billion dollar budget even though it is a public. It doesn't need those OOS or international dollars. It brings in those students to make for a diverse student body.
Endowment is 9.5B, not the budget, which is much less. Endowments are usually given for a given purpose and support a lot of things (medical center, athletics, etc.), so I'm sure they still love OOS tuition for undergraduates. On the UVA site, I've seen that UVA has less money available per student than UNC, largely due to the state allocation.
Unlike UNC, UVA gets only 5% of budget now from the Commonwealth. It was spun off on its own years ago and has done a masterful job of accumulating that 9.5B.
Anonymous wrote:UVA is already 10% low income and launched the Blue Ridge Scholars and participates in Questbridge, so I don't think this is new, but Ryan needed something to say in his inaugural address. https://giving.virginia.edu/scholarships/blue-ridge-scholars/
Anonymous wrote:“While current UVA financial aid essentially meets this commitment, we believe it’s important to make an explicit promise that this is what we are going to do going forward as part of UVA's commitment to Virginia's low- and middle-income families,” University Spokesperson Anthony de Bruyn told The Cavalier Daily in an email Friday.
Seems more like a change in messaging than a change in policy.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Courtesy of NOVA full pay families
Yes, but also taxpayers state-wide and nationwide who provide tax breaks and subsidies.
Or maybe their $9.5 billion endowment
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Courtesy of NOVA full pay families
Yes, but also taxpayers state-wide and nationwide who provide tax breaks and subsidies.
Oh come on. Let’s not pretend Virginia has done a great job supporting its state schools. If that was the case, they wouldn’t need so many out of state students. Duh.
UVA has a 9.5 billion dollar budget even though it is a public. It doesn't need those OOS or international dollars. It brings in those students to make for a diverse student body.
Endowment is 9.5B, not the budget, which is much less. Endowments are usually given for a given purpose and support a lot of things (medical center, athletics, etc.), so I'm sure they still love OOS tuition for undergraduates. On the UVA site, I've seen that UVA has less money available per student than UNC, largely due to the state allocation.
Anonymous wrote:Interesting that UVA announced this just days after St. John's College announced it was substantially reducing its (high, private school) tuition. I'm sure a gigantic behemoth like UVA doesn't care what a tiny private like St. John's does, as they're not competitors at all--but maybe both announcements point toward more colleges reducing students' costs. Interesting to see two such different places both going that way.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Courtesy of NOVA full pay families
Yes, but also taxpayers state-wide and nationwide who provide tax breaks and subsidies.
Oh come on. Let’s not pretend Virginia has done a great job supporting its state schools. If that was the case, they wouldn’t need so many out of state students. Duh.
UVA has a 9.5 billion dollar budget even though it is a public. It doesn't need those OOS or international dollars. It brings in those students to make for a diverse student body.