Tuition for Virginia residents attending Virginia Polytechnic Institute and State University rose by 2.9% during the 2022-23 school year, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Virginia residents paid $14,586 to attend the public university this year, an increase of $836 from the $13,750 charged in the 2021-22 academic year.
Non-resident students faced tuition costs 138.8% higher than those for in-state students in 2022-23, amounting to $34,838. This represents a 5.9% increase from $32,890 in the previous year.
Approximately 64% of the undergraduate student body are Virginia residents. Students from other states make up about 32%, while international students account for 3%.
Data indicates that 69% of full-time undergraduates who enrolled in 2022-23 received some form of financial aid. A total of 3,938 students were awarded grants or scholarships amounting to $33.6 million, while 2,917 students took out loans exceeding $30.3 million.
Across all undergraduate students, 15,760 received grants or scholarships totaling $148.5 million. Additionally, 10,428 students borrowed $66.2 million in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the the Virginia Polytechnic Institute and State University in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 1,114 | 16% | $6.3 million | $5,687 |
| State / local grant or scholarship | 1,056 | 15% | $5.4 million | $5,120 |
| Institutional grants or scholarships | 3,932 | 55% | $21.9 million | $5,568 |
| Grant or scholarship aid total | 3,938 | 55% | $33.6 million | $8,542 |
| Federal student loans | 2,807 | 39% | $15.1 million | $5,390 |
| Other student loans | 646 | 9% | $15.2 million | $23,493 |
| Student loan aid | 2,917 | 41% | $30.3 million | $10,390 |
| Total student aid | 4,946 | 69% | $63.9 million | $12,928 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
