It's what affects us, but we don't think about it on a daily basis. I am spending an average of $38.26 a day just to be in college. Currently, tuition of full time undergraduates (per semester and broken down into Virginia and non-Virginia):
ARCHITECTURE: $4,869.00 / $15,869.00
COLLEGE OF ARTS AND SCIENCES: $4,840.00 / $15,840.00
COMMERCE: $4,878.50 / $15,878.50
EDUCATION: $4,841.00 / $15,841.00
ENGINEERING: $4,846.00 / $15,846.00
NURSING: $4,843.50 / $15,843.50
According to the UVA Today blog, the Board of Visitors just approved hikes in the cost of tuition, meal plans, and housing for next year. The number given for the tuition of an undergraduate (school is unspecified) is $5,314 / $16,787.
Reasons for this hike include unexpected costs and a decrease in state funding. This year there was a total unexpected cost of $11.2 million and a reduction of $14.7 million. Sounds like a lot, right? "Sound financial management calls for the University to look beyond 2010-11 to the following fiscal year," Sandridge said. Ok, way to not mention a large, approved spending.
Does sound financial management approve a $58 million price tag on SIS and yearly several million maintenance fee? According to a friend who graduated as a computer science major, if you put a team of graduate computer science majors together, you could have gotten a more user-friendly and efficient product than SIS... for a lot less. SIS is better than the previous system, ISIS, but I don't think it was worth $58 million.
While having a sound financial management means cutting excess, it also means making good choices in what you do choose to spend.