UNIVERSITY OF VIRGINIA BOARD OF VISITORS MEETING OF THE FINANCE COMMITTEE MARCH 24, 2015

UNIVERSITY OF VIRGINIA BOARD OF VISITORS MEETING OF THE FINANCE COMMITTEE MARCH 24, 2015

FINANCE COMMITTEE Tuesday, March 24, 2015 1:30 3:00 p.m. Auditorium of the Albert & Shirley Small Special Collections Library, Harrison Institute Committee Members: Victoria D. Harker, Chair John A. Griffin, Vice Chair Frank B. Atkinson L.D. Britt, M.D. Kevin J. Fay John G. Macfarlane III John L. Nau III George Keith Martin, Ex-officio Daniel M. Meyers, Consulting Member Raymond C. Scheppach, Faculty Consulting Member AGENDA PAGE I. ACTION ITEMS (Mr. Hogan) A. Enrollment Projections 1. University of Virginia 1 2. University of Virginia s College at Wise 5 B. 2015-2016 Tuition and Required Fees for Undergraduate, 8 Graduate, Professional, and Special Programs (Mr. Hogan to introduce Ms. Colette Sheehy; Ms. Sheehy to report) 1. Undergraduate Programs 2. Graduate and Professional Programs 3. School of Engineering and Applied Science Systems Engineering Accelerated Program 4. School of Continuing and Professional Studies Post-Baccalaureate Pre-Medical Certificate Program 5. 2016 Summer Session 6. Mandatory Fees 7. College at Wise Undergraduate Tuition & Fees C. Faculty, Staff, and Student Housing Rates, 2015-2016 (Mr. Hogan to introduce Mr. Richard A. Kovatch; Mr. Kovatch to report) 1. Faculty and Staff Housing Rates, 2015-2016 27 2. Student Housing Rates, 2015-2016 30 a. University of Virginia b. University of Virginia s College at Wise D. Contract Rates for Dining Services, 2015-2016 (Mr. 33 Kovatch) 1. University of Virginia 2. University of Virginia s College at Wise

PAGE E. Capital Project Approvals (Ms. Sheehy) 1. Revised Cost of the Newcomb Road Chiller Plant 36 2. University Hospital Emergency Department/ 38 Interventional Program/Bed Tower Expansion 3. Dominion Virginia Power Electrical Grid 40 Reliability Project F. Medical Center Quasi-Endowment Extension of 43 Delegated Authority G. Endowment Spending Rate Reset 45 II. WRITTEN REPORTS BY THE EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER (Mr. Hogan) A. Endowment Report: Market Value and Performance as 47 of December 31, 2014 B. Interim Academic Division Financial Report as of 66 December 31, 2014 C. Medical Center Financial Report 73 D. Endowment/Long-Term Investments, Including 75 Related Foundations as of December 31, 2014 E. Quasi-Endowment Actions: October 1, 2014 76 December 31, 2014 F. Sponsored Programs Restricted Grant and 78 Contract Activity as of December 31, 2014

UNIVERSITY OF VIRGINIA BOARD OF VISITORS AGENDA ITEM SUMMARY BOARD MEETING: March 24, 2015 COMMITTEE: AGENDA ITEM: Finance I.A.1. Enrollment Projections University of Virginia BACKGROUND: In 1990, the Board of Visitors approved a phased enrollment growth plan for the next 15 years, culminating in projected on-grounds enrollment in 2004-2005 of 20,170: 12,685 undergraduate students, 5,185 graduate students, 1,700 firstprofessional students (law and medicine) and 600 on-grounds continuing education students. In 2005, the Board of Visitors extended the enrollment projections to 2009-2010. During the study and planning for the restructuring legislation, the University determined that it could accommodate 1,500 new students 1,100 undergraduate students and 400 graduate students over the next 10 years, through 2014. This projection was reaffirmed by the Board in 2007 and in 2009. In 2011, the Board of Visitors approved the addition of 1,673 new undergraduate students through 2018-2019, which included 1,400 new students attributable to new growth, and 273 from the plan which was approved in 2005. This new growth was consistent with the Governor s proposal to produce 100,000 more degrees over 15 years. The 1,673 new undergraduates represented an increase of 11.9% from the base year of 2010-2011. Of these, 1,171 students (70%) were to be Virginians. Every two years, in the odd numbered year, the State Council of Higher Education for Virginia (SCHEV) asks public institutions of higher education to update their enrollment projections and add two years to the projection timeline. New enrollment projections for fall 2015 through fall 2022 must be approved by the BOV and SCHEV this spring. DISCUSSION: The proposed enrollment projections, presented below, continue the undergraduate enrollment growth plan that began in fall 2011 and was to continue through fall 2018, after which the undergraduate enrollment would level off. The proposal also represents a slight decrease in projected graduate student growth and a significant reduction in off-grounds students. 1

Undergraduate Students: The last Board-approved undergraduate enrollment growth plan began in fall 2011 and was to be completed in fall 2018. The final increase for the entering first-year class will take place in fall 2015 and will level off at 3,675. But because of an unexpectedly high yield rate in fall 2014, we will reach the overall target a year early, in fall 2017. Graduate Students: The growth in graduate students predicted in the 2013 projections did not materialize in fall 2013 and 2014. The graduate schools are still predicting some growth to begin in fall 2015 but at a slower rate. The overall growth projected in fall 2022 in the proposal is about 100 students less than was projected in the 2013 projections (a 100 less and two years later). Law and Medicine: The Law School will continue to reduce the size of its class, somewhat more than was included in the 2013 projections, resulting in about 100 fewer Law students than were enrolled in the fall 2014. School of Medicine enrollment will remain level at 620 throughout the period. Net overall change is 37 fewer students over the projection period (2015-16 through 2022-23). On-Grounds Total: The total projected on-grounds students in fall 2020 is about 200 lower than was projected in the 2013 enrollment projections, 100 fewer graduate students and 100 fewer Law students. Off-Grounds: Off-Grounds headcount has declined significantly in the past few years, due both to our decision to no longer count the FBI Academy students (about 270) in the census total and to declining demand in both the School of Continuing and Professional Studies and in Graduate Education, but not in the Bachelor of Interdisciplinary Studies program. Beginning in fall 2016, we will no longer be associated with the Semester at Sea program, which will cause the off-grounds headcount to drop by approximately an additional 600. The proposal shows some modest growth in subsequent years. ACTION REQUIRED: Approval by the Finance Committee and by the Board of Visitors 2

UNIVERSITY OF VIRGINIA ENROLLMENT PROJECTIONS THROUGH 2022-2023 WHEREAS, the State Council of Higher Education for Virginia requires that a six-year enrollment projection be submitted every two years by public institutions of higher education to assist in statewide enrollment planning efforts; and WHEREAS, the University s existing enrollment plan, approved by the Board of Visitors in February 2013, must be updated to reflect projected undergraduate and graduate enrollment levels through 2022-2023; and WHEREAS, the Board of Visitors previously discussed and approved enrollment growth of 1,100 undergraduate students and 400 graduate students over a decade, from 2004-2014; and WHEREAS, the Board of Visitors supports the recommendations of the Governor s Commission on Higher Education Reform, Innovation and Investment and the resulting Higher Education Opportunity Act of 2011, one of which is to confer an additional 100,000 undergraduate degrees on Virginians over the next 15 years in order to make the Commonwealth one of the most highly educated states in the nation; and WHEREAS, the Board of Visitors revised its enrollment growth plans in 2013 to continue the incorporation of an additional undergraduate student growth of 1,400 students by 2020-2021; RESOLVED, the Executive Vice President and Chief Operating Officer is authorized to continue to implement plans with the State Council of Higher Education for Virginia which will allow the University to increase enrollment by 327 over the period of 2015-2016 through 2022-2023, in keeping with plans approved in 2011 and 2013; and RESOLVED FURTHER, enrollment growth will occur only with appropriate state support; and RESOLVED FURTHER, that all undergraduate student growth maintains the current 70% in-state/30% out-of-state ratio. 3

University of Virginia Proposed Fall Census Headcount Enrollment Projections On-Grounds 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Total Undergraduate 11,949 12,040 12,296 12,440 12,463 12,489 12,595 12,748 12,907 13,140 13,401 13,353 13,636 13,762 1st-Year 2,876 2,827 2,908 2,907 2,924 2,927 2,980 2,999 3,101 3,096 3,112 3,091 3,248 3,256 New Transfers (full-time) 577 558 535 577 540 494 541 508 493 529 532 503 552 534 Graduate 4,403 4,220 4,155 4,110 3,998 4,160 4,301 4,459 4,616 4,632 4,699 4,791 4,830 4,904 1st-Professional 1,703 1,699 1,680 1,652 1,645 1,607 1,608 1,608 1,631 1,650 1,694 1,699 1,724 1,725 Cont & Prof Studies (CPS) 343 320 286 261 240 294 344 382 489 596 605 554 644 666 On Grounds Total 18,398 18,279 18,417 18,463 18,346 18,550 18,848 19,197 19,643 20,018 20,399 20,397 20,834 21,057 Off-Grounds 3,330 3,209 3,525 3,636 4,087 3,861 3,891 3,947 3,434 3,323 3,366 3,671 3,423 3,484 On-Grounds 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Actual Actual Actual Actual Actual Actual Projected Projected Projected Projected Projected Projected Projected Projected Total Undergraduate 13,928 14,015 14,256 14,366 14,610 15,122 15,400 15,600 15,688 15,688 15,688 15,688 15,688 15,688 1st-Year 3,246 3,243 3,434 3,397 3,517 3,709 3,675 3,675 3,675 3,675 3,675 3,675 3,675 3,675 New Transfers (full-time) 566 573 542 536 595 612 586 586 586 586 586 586 586 586 Graduate 4,835 4,831 4,759 4,689 4,558 4,653 4,714 4,828 4,910 4,958 5,010 5,018 5,030 5,043 Law and Medicine 1,695 1,694 1,702 1,699 1,746 1,687 1,622 1,592 1,585 1,585 1,585 1,585 1,585 1,585 Cont & Prof Studies (CPS) 437 509 389 341 324 338 343 348 353 358 363 368 373 378 On Grounds Total 20,895 21,049 21,106 21,095 21,238 21,800 22,079 22,368 22,536 22,589 22,646 22,659 22,676 22,694 Off-Grounds 3,460 3,342 3,191 2,812 2,226 1,932 2,005 1,458 1,519 1,565 1,607 1,643 1,682 1,717 Notes: The 1st-Year and New Transfer counts are also included in the Undergraduate totals. Beginning in 2011, BIS students in Tidewater, Richmond, and Northern Virginia are included in Off-Grounds. No CPS students are included in the Undergraduate or Graduate totals. Institutional Assessment and Studies CPS enrollments include Post-Baccalaureate-Pre-Med students. February 3, 2015 Off-Grounds enrollments included Semester at Sea students and FBI Academy students, among others. Beginning in fall 2013, the FBI Academy students are no longer included in the numbers above. Beginning in fall 2016, the Semester at Sea program will no longer be part of the University. 4

UNIVERSITY OF VIRGINIA BOARD OF VISITORS AGENDA ITEM SUMMARY BOARD MEETING: March 24, 2015 COMMITTEE: AGENDA ITEM: Finance Enrollment Projections University of Virginia s College at Wise BACKGROUND: Since 1954, The University of Virginia s College at Wise has demonstrated its commitment to providing quality educational opportunities to students. The guiding principles of academic excellence, strengthened admissions standards, and an expansion of student life activities, including an increased focus on student leadership initiatives within a residential campus environment have been the driving forces behind the College s success over the past several years. Every two years, in the odd numbered years, the State Council of Higher Education for Virginia (SCHEV) asks public institutions of higher education to update their enrollment projections and add two years to the projection timeline. New enrollment projections for fall 2015 through fall 2022 must be approved by the BOV and SCHEV this spring. In February 2015, SCHEV requested that headcount enrollment projections be amended through fiscal year 2021-22 and submitted by May 22, 2015, and that the projections be conservative. DISCUSSION: With final enrollment of 2,164 and student fulltime equivalent (FTE) of 1,514 for fall 2014, the College is projecting growth to be approximately 7% in enrollment and in FTE by fall 2021. These updated headcount enrollment projections are an integral part of the College s Strategic Plan, Envisioning 2020. The Office of Institutional Research examined the College s enrollment trends and developed the following headcount enrollment and student FTE projections in consultation with the Chancellor and senior staff. 5

Term Campus Total Headcount Degree Seeking 1,460 1,347 Fall Non-degree 2,180 2015 Seeking 720 180 Student FTE 1,527 Fall 2016 Fall 2017 Fall 2018 Fall 2019 Fall 2020 Fall 2021 Degree Seeking 1,475 1,361 Non-degree 2,200 Seeking 725 181 Degree Seeking 1,490 1,375 Non-degree 2,220 Seeking 730 182 Degree Seeking 1,505 1,388 Non-degree 2,240 Seeking 735 184 Degree Seeking 1,520 1,402 Non-degree 2,260 Seeking 740 185 Degree Seeking 1,535 1,416 Non-degree 2,280 Seeking 745 186 Degree Seeking 1,550 1,430 Non-degree 2,305 Seeking 755 189 1,542 1,557 1,572 1,587 1,602 1,619 ACTION REQUIRED: Approval by the Finance Committee and by the Board of Visitors 6

COLLEGE AT WISE ENROLLMENT PROJECTIONS FOR FALL 2015-2021 WHEREAS, The University of Virginia s College at Wise is committed to the managed growth of its student body; and WHEREAS, The University of Virginia s College at Wise is committed to recruiting and retaining an academically talented and diverse student body; RESOLVED that the proposed enrollment projections for The University of Virginia s College at Wise for the period of fall 2015 through fall 2021 be approved as follows: Term Total Headcount Student FTE Fall 2015 2,180 1,527 Fall 2016 2,200 1,542 Fall 2017 2,220 1,557 Fall 2018 2,240 1,572 Fall 2019 2,260 1,587 Fall 2020 2,280 1,602 Fall 2021 2,305 1,619 7

UNIVERSITY OF VIRGINIA BOARD OF VISITORS AGENDA ITEM SUMMARY BOARD MEETING: March 24, 2015 COMMITTEE: AGENDA ITEM: Finance I.B. 2015-2016 Tuition and Required Fees for Undergraduate, Graduate, Professional, and Special Programs BACKGROUND: The Board of Visitors sets undergraduate, graduate, professional, and special program tuition and fees for the Academic Division and for the College at Wise. The enabling resolution covers the 2015-16 academic year and 2016 summer session tuition rates, as well as required fees and activity fees. DISCUSSION: Undergraduate Programs The 2015-2016 proposal includes a 3.9% increase in base tuition for all undergraduate students, bringing Virginian tuition to $10,892, and non-virginian tuition to $40,506. 2015-16 tuition and fees for a Virginian undergraduate will be $13,468, representing an increase of 3.6% or $470. 2015-16 tuition and fees for a non-virginian undergraduate will be $43,764, representing an increase of 3.7% or $1,580. The differential tuition charged to students in the School of Engineering and Applied Science (SEAS) will increase by $2,000 to $4,000 over the base tuition. In 2015-16, the SEAS differential will be charged as follows: 2015-16 First-Year Second-Year Third-Year Fourth-Year SEAS Students SEAS Students SEAS Students SEAS Students SEAS Differential Tuition Rate $4,000 $2,000 $2,000 $0 The Batten School of Public Policy and Leadership proposes a tuition differential to build out and fully implement a highly interactive, pedagogical approach. Next year, 2015-16, is the first year of a proposed two-year phased differential of $5,000. Starting in 2015-16, Batten School students concurrently enrolled in a B.A./B.S. degree program will pay $2,500 more than the base tuition and fee rate, or $15,968, for Virginians and $46,264 for non-virginians. 8

The McIntire School of Commerce tuition differential remains unchanged at $5,000 over base tuition. The price of education (tuition, required fees, housing and dining, and estimated books, travel, and other) for a Virginian first-year undergraduate student will increase $895, or 3.3%, over 2014-2015. The price of education (tuition, required fees, housing and dining, and estimated books, travel, and other) for a non-virginian first-year undergraduate student will increase $1,985, or 3.5%, over 2014-2015. Graduate Programs Graduate School of Arts & Sciences The Graduate School of Arts & Sciences (GSAS) charges a flat tuition rate for all doctoral students in years 1-3, regardless of the students mix of class credits and/or research hours. The proposal includes 2015-16 tuition and fees for Virginian students of $17,094, a 2.5% increase over the amount paid in the current year. The proposal includes 2015-16 tuition and fees for non-virginian students of $27,574, a 2.4% increase over the amount paid in the current year. GSAS charges a lower flat tuition rate for Ph.D. students in years 4 to completion. The proposal includes 2015-16 tuition and fees for Virginian students of $7,100, a 2.5% increase over the amount paid in the current year. The proposal includes 2015-16 tuition and fees for non-virginian students of $7,782, a 2.3% increase over the amount paid in the current year. The proposed GSAS flat tuition rates also will be charged to Ph.D. in Architecture and Ph.D. in Nursing students. Additional investments will be made in financial aid packages to graduate students in these schools. Proposed tuition rates for other graduate and special programs, including the new Data Science Institute, the Clinical Nurse Leader program, master s and Ph.D. programs in engineering, and master s programs in the McIntire School of Commerce, can be found in the accompanying resolution. Batten School of Leadership and Public Policy The Batten School will charge a flat tuition rate for all students in the Master of Public Policy Post Graduate Program, as well as students in their second year of the Accelerated 9

Bachelor/Master of Public Policy Program, regardless of the mix of class credits and/or research hours. As the enrollment of the school hits planning targets, the endowment-funded financial aid will be stretched to support more students, the tuition discount rate will decrease and will be replaced, as the market permits, with additional tuition revenue. A high-tuition/highfinancial aid pricing strategy, paired with aggressive admissions outreach efforts aimed at attracting a socioeconomically diverse pool of students will balance the Batten School's revenue streams while properly aligning its offering in the competitive Master of Public Policy prospective student market. Average net price for Batten School M.P.P. students in 2014-15 was $7,004 for in-state students and $12,942 for out-ofstate students, which equates to a discount rate of 54%. To better reflect rates that are competitive with similar programs, the proposal includes 2015-16 tuition and fees for Virginian students of $25,664, a 38.7% increase over the amount paid in the current year. The proposal also includes 2015-16 tuition and fees for non-virginian students of $46,522, a 40.3% increase over the amount paid in the current year. We anticipate a similar net price in FY 2015-16 even after this substantial tuition increase. In the next five years, as admission to the M.P.P. program becomes increasingly competitive and the Batten School s reputation rises, we anticipate a decreased discount rate and ability to realize net graduate tuition that aligns with peers. Medical School For students in the School of Medicine, the proposal reflects an increase in tuition and fees for Virginians of $922 (2.0%) and for non-virginians an increase of $1,120 (2.0%). The proposal continues to phase in the Clinical Performance Education Center fee of $1,400 for medical students in years one, two, and three and $1,000 for students in year four. Darden School The Darden School proposes an increase in tuition and fees for full-time M.B.A. students of $3,256 for both Virginians and non-virginians, 5.9% and 5.6% respectively, which maintains the $3,000 differential between in-state and out-of-state tuition and fees. The incremental revenue generated will be used to fund investments in faculty and staff compensation, curriculum enhancement, and other essential program costs. 10

Tuition and fee rates for the Darden School s M.B.A. for Executives (MBAE) program, the two-year Global M.B.A. for Executives (GMBAE) program, and the Ph.D. program are detailed on the accompanying resolution, all of which approximate a 3% increase over current year rates. Law School Similar to the Darden School, the Law School maintains the differential between in-state and out-of-state tuition and fees of $3,000 for its J.D. and L.L.M. programs. The School s proposal represents an increase of $2,200 for both Virginians and non-virginians or approximately 4.0%. As the Law School increases in-state tuition, it will increase its commitment to scholarships and loan forgiveness at a percentage rate at least equal to the annual increase in tuition and required fees. The incremental revenue generated will be used to fund increases in financial aid, utilities and facility maintenance, faculty and staff compensation, and electronic library resources. Fees Mandatory Comprehensive Fee The proposal includes an increase of $62 in the mandatory comprehensive fee for regular session Virginians to $2,526 (a 2.5% increase) and non-virginians to $3,208 (a 2.0% increase). The comprehensive fee is comprised of two parts, one related to educational and general (E&G) activities or those services that directly support instruction, and one to support auxiliary enterprises which provide services to students, but are not supported by the state. An additional $7 is requested in E&G fees increasing the in-state fee from $448 to $455 and the out-of-state fee from $1,130 to $1,137. The increase would provide $3 for the Classroom Renewal Fee and $4 for the Academic Credentialing Fee. Investment in competent support optimizes the University's capital investment in supporting faculty in the use of technology. The proposed increase is the first increase since 2010 and will add staff to support the 16 classrooms in the recently renovated New Cabell Hall, all of which are now equipped with technology. The Academic Credentialing Fee is proposed to increase to $24 ($4 increase, 20.0%) to support the additional costs created by the new practice of mailing diplomas 11

to all graduates. The increase will also cover the cost of mailing diplomas internationally, as well as the development and deployment of the secured pdf diploma option. The non-e&g portion of the fee is proposed to increase by $55 (2.7%) to $2,071 for Virginians and non-virginians. The increase is allocated in the following manner: $29 to Student Health to support additional staff devoted to safety/sexual assault initiatives, as well as salary and benefit increases for current staff; $34 to Intramural-Recreational Sports to continue the transition of facilities (Slaughter Recreation Center) to be fully self-supporting; $3 for University transit to support staff salaries and benefits, compliance with federal requirements to deliver service to disabled persons who cannot utilize fixed route service, and access to Charlottesville Area Transit services for students; $2 for Newcomb Hall to support personnel and operating cost increases; $1 for the student programming fee. These increases are offset by a $14 decrease in the auxiliary debt service fee as we realign the fee to match current commitments. School of Architecture The School of Architecture proposes a new Design Technologies Fee to support the costs of integrating technologybased tools and software into its curriculum. As proposed, all graduate and undergraduate students in Architecture, Landscape Architecture, and first-year undeclared students will pay an annual fee of $560. A lower annual fee of $140 will be assessed to all Urban and Environmental Planning students since these students utilize fewer technology-based tools during their course of study. The University of Virginia College at Wise For 2015-2016, The University of Virginia's College at Wise recommends a $352 (4.0%) increase in tuition and mandatory fees to $9,220 for Virginians. The College further recommends a $952 (3.9%) increase in tuition and mandatory fees to $25,454 for 12

non-virginians. The College Advisory Board will meet on March 20, 2015 to consider the tuition and fees proposal. ACTION REQUIRED: Approval by the Finance Committee and by the Board of Visitors 13

TUITION, REQUIRED FEES, AND OTHER CHARGES FOR THE ACADEMIC DIVISION FOR FISCAL YEAR 2015-2016 RESOLVED, the tuition and required fees and other charges applicable to the Academic Division are approved as shown below, effective July 1, 2015: REGULAR SESSION: 2014-15 Approved Amount of Virginian Percent of 2015-16 Proposed 2014-15 Approved Non-Virginian Amount of Percent of 2015-16 Proposed 14 Undergraduate School (excluding McIntire School of Commerce, School of Engineering and Applied Science, and BA in Public Policy and Leadership ) Full-Time Tuition and All Required Fees for students enrolled in 12 or more credit hours per semester, including University Activity Fee and excluding School Activity Fee (which varies by Tuition $ 10,484 $ 408 3.9% $ 10,892 $ 38,988 $ 1,518 3.9% $ 40,506 Required E&G Fees $ 448 $ 7 1.6% $ 455 1,130 $ 7 0.6% $ 1,137 $ 10,932 $ 415 3.8% $ 11,347 $ 40,118 $ 1,525 3.8% $ 41,643 Required Auxiliary Fees $ 2,016 $ 55 2.7% $ 2,071 $ 2,016 $ 55 2.7% $ 2,071 Required Activity Fee $ 50 $ - 0.0% $ 50 $ 50 $ - 0.0% $ 50 Full-time Students $ 12,998 $ 470 3.6% $ 13,468 $ 42,184 $ 1,580 3.7% $ 43,764 Orientation Fee 210 $ - 0.0% 210 210 $ - 0.0% 210 Proposed Dining - full plan 4,560 $ 160 3.5% 4,720 4,560 $ 160 3.5% 4,720 Proposed Housing - weighted average 5,492 $ 189 3.4% 5,681 5,492 $ 189 3.4% 5,681 Total $ 23,260 $ 819 3.5% $ 24,079 $ 52,446 $ 1,929 3.7% $ 54,375 Undergraduate Per Credit Hour (for approved part-time programs/loads only) $ 349 $ 14 3.9% $ 363 $ 1,224 $ 126 10.3% $ 1,350 McIntire School of Commerce Full-time Tuition and All Required Fees: $ 17,998 $ 470 3.1% $ 18,468 $ 47,184 $ 1,580 5.2% $ 48,764 McIntire Undergraduate Per Credit Hour (for approved part-time programs/loads $ 516 $ 15 3.0% $ 530 $ 1,466 $ 51 5.4% $ 1,517 only): School of Engineering and Applied Science Full-time Tuition and All Required Fees (first-year students only) $4K differential also charged to PRODUCED students: Engineering Undergraduate Per Credit Hour (First-year students only) (for approved part-time programs/loads only): School of Engineering and Applied Science Full-time Tuition and All Required Fees (second- and third-year students only) $2K differential also charged to PRODUCED students: BA in Public Policy and Leadership (first-year students only) $2.5K differential: $ 14,998 $ 2,470 3.7% $ 17,468 $ 44,184 $ 3,580 5.6% $ 47,764 $ 416 $ 80 3.8% $ 496 $ 1,366 $ 117 5.8% $ 1,484 $ 14,998 $ 470 3.7% $ 15,468 $ 44,184 $ 1,580 5.6% $ 45,764 n/a n/a n/a $ 15,968 n/a n/a n/a $ 46,264

TUITION, REQUIRED FEES, AND OTHER CHARGES FOR THE ACADEMIC DIVISION FOR FISCAL YEAR 2015-2016 RESOLVED, the tuition and required fees and other charges applicable to the Academic Division are approved as shown below, effective July 1, 2015: 2014-15 Approved Amount of Virginian Percent of 2015-16 Proposed 2014-15 Approved Non-Virginian Amount of Percent of 2015-16 Proposed SPECIAL SESSION and OTHER (per credit hour unless otherwise noted): SCPS Undergraduate $ 349 $ 13 3.7% $ 362 $ 349 $ 13 3.7% $ 362 SCPS Community Scholars - Undergrad and High School $ 349 $ 12 3.4% $ 361 $ 349 $ 12 3.4% $ 361 SCPS National Criminal Justice Command College program - Undergraduate level (total program cost) $ 5,518 $ 242 4.4% $ 5,760 $ 5,518 $ 242 4.4% $ 5,760 Study Abroad $ 323 $ 13 3.9% $ 336 $ 412 $ 16 3.9% $ 428 2016 Summer Session, 2016 January Term, and Mt. Lake Biological Station Undergraduate (per credit) $ 349 $ 14 3.9% $ 363 $ 1,247 $ 49 3.9% $ 1,296 15

TUITION, REQUIRED FEES, AND OTHER CHARGES FOR THE ACADEMIC DIVISION FOR FISCAL YEAR 2015-2016 RESOLVED, the tuition and required fees and other charges applicable to the Academic Division are approved as shown below, effective July 1, 2015: Unless otherwise noted, all per credit hour tuition rates for full-time programs are derived by dividing the applicable annual tuition rate by the average course load. Such per credit hour rates are assessed only to students who are enrolled in an approved part-time program or have been approved for a reduced load. REGULAR SESSION 2014-15 Approved Amount of Virginian Percent of 2015-16 Proposed 2014-15 Approved Non-Virginian Amount of Percent of 2015-16 Proposed Graduate School - Tuition and All Required Fees, including University Activity Fee and excluding School Activity Fee (which varies by school): Graduate School of Arts & Sciences (PhD students in years 1-3, including PhD in Architecture and PhD in Nursing) $ 16,678 $ 416 2.5% $ 17,094 $ 26,918 $ 656 2.4% $ 27,574 Graduate School of Arts & Sciences (PhD students in years 4-completion, including PhD in Architecture and PhD in Nursing) $ 6,928 $ 172 2.5% $ 7,100 $ 7,610 $ 172 2.3% $ 7,782 16 Graduate School of Arts & Sciences (Master's degrees and graduate certificate programs, including MPH/MS programs in the Dept of Public Health Sciences) $ 17,152 $ 648 3.8% $ 17,800 $ 27,402 $ 1,030 3.8% $ 28,432 M.S. in Data Science $ 24,868 $ 74 0.3% $ 24,942 $ 39,609 $ 75 0.2% $ 39,684 Biomedical Sciences Graduate Program (Years 1-2 for students with a master's degree and MSTP students, years 1-3 for all other students) Biomedical Sciences Graduate Program (Years 3-completion for students with a master's degree and MSTP students, years 4-completion for all other students) Batten School's Master of Public Policy Post Graduate Program and Accelerated Bachelor/Master of Public Policy Program (second year only) $ 16,678 $ 488 2.9% $ 17,166 $ 26,918 $ 774 2.9% $ 27,692 $ 4,102 $ 110 2.7% $ 4,212 $ 4,102 $ 110 2.7% $ 4,212 $ 18,504 $ 7,160 38.7% $ 25,664 $ 33,158 $ 13,364 40.3% $ 46,522

REGULAR SESSION 2014-15 Approved Amount of Virginian Percent of 2015-16 Proposed 2014-15 Approved Non-Virginian Amount of Percent of 2015-16 Proposed School of Nursing Clinical Nurse Leader Program $ 21,654 $ 62 0.3% $ 21,716 $ 35,756 $ 62 0.2% $ 35,818 Clinical Nurse Leader Program Credit Hour $ 680 $ - 0.0% $ 680 $ 1,160 $ - 0.0% $ 1,160 School of Engineering and Applied Science Full-time Students (> or = 9 class credits + 3 research hrs/semester) $ 17,298 $ 494 2.9% $ 17,792 $ 27,304 $ 742 2.7% $ 28,046 School of Engineering and Applied Science Full-time Research-Only Students (> or = 12 research hrs/semester) $ 6,282 $ 134 2.1% $ 6,416 $ 6,282 $ 134 2.1% $ 6,416 School of Engineering and Applied Science Class Credit Hour (if not full-time or research-only) $ 769 $ 23 3.0% $ 792 $ 1,287 $ 39 3.0% $ 1,326 School of Engineering and Applied Science Research Credit Hour (if not full-time or research-only) $ 157 $ 3 1.9% $ 160 $ 157 $ 3 1.9% $ 160 All Other Full-time Students (> or = 9 class credits + 3 research hrs/semester, excluding Year 3 Curry Doctoral Students) $ 16,758 $ 674 4.0% $ 17,432 $ 26,764 $ 782 2.9% $ 27,546 Curry School - Year 3 Doctoral Students (> or = 6 class credits + 6 research hrs/semester) n/a $ 13,040 n/a $ 20,010 All Other Full-time Research Only Students (> or = 12 research hrs/semester) $ 4,122 $ 134 3.3% $ 4,256 $ 4,122 $ 134 3.3% $ 4,256 17 All Other Students Class Credit Hour (if not full-time or research-only) $ 1,538 $ 423 27.5% $ 1,961 $ 2,574 $ 648 25.2% $ 3,222 All Other Students Research Credit Hour (if not full-time or research-only) $ 67 $ 3 4.5% $ 70 $ 67 $ 3 4.5% $ 70

REGULAR SESSION 2014-15 Approved Amount of Virginian Percent of 2015-16 Proposed 2014-15 Approved Non-Virginian Amount of Percent of 2015-16 Proposed School of Commerce - Tuition and All Required Fees, including University and School Activity Fees: M.S. in Accounting, including $1,035 Program $ 29,440 $ 736 2.5% $ 30,176 $ 35,630 $ 890 2.5% $ 36,520 M.S. in Accounting Optional Accounting Immersion Program (per course) $ 2,190 $ - 0.0% $ 2,190 $ 2,190 $ - 0.0% $ 2,190 M.S. in Commerce, including $8,225 International Study Fee $ 40,995 $ 815 2.0% $ 41,810 $ 46,395 $ 981 2.1% $ 47,376 M.S. in MIT, including Program Fees $ 43,050 $ 1,304 3.0% $ 44,354 $ 43,050 $ 1,304 3.0% $ 44,354 M.S. in MIT, Optional Independent Study (per credit hour) $ 1,091 $ 29 2.6% $ 1,120 $ 1,091 $ 29 2.6% $ 1,120 School of Medicine - Tuition and All Required Fees, including University and School Activity Fees: Full-time Students $ 45,482 $ 922 2.0% $ 46,404 $ 56,090 $ 1,120 2.0% $ 57,210 MD/MBA Program - Spring 2016 Semester $ 23,337 $ 1,515 6.5% $ 24,852 $ 26,898 $ 1,064 4.0% $ 27,962 18 Darden Graduate School of Business Administration - Tuition and All Required Fees, including University and School Activity Fees: Full-time MBA Students $ 54,894 $ 3,256 5.9% $ 58,150 $ 57,894 $ 3,256 5.6% $ 61,150 MBA for Executives (entering class), including Program Fee $ 67,475 $ 2,175 3.2% $ 69,650 $ 67,475 $ 2,175 3.2% $ 69,650 Global MBA for Executives (entering class), including Program Fee $ 72,475 $ 2,175 3.0% $ 74,650 $ 72,475 $ 2,175 3.0% $ 74,650 PhD Students (years 1-2) $ 16,678 $ 486 2.9% $ 17,164 $ 26,918 $ 772 2.9% $ 27,690 PhD Students (years 3-completion) $ 6,928 $ 194 2.8% $ 7,122 $ 7,610 $ 194 2.5% $ 7,804 School of Law - Tuition and All Required Fees, including University and School Activity Fees: Full-time JD (1L and 2L) and LLM Students $ 51,800 $ 2,200 4.2% $ 54,000 $ 54,800 $ 2,200 4.0% $ 57,000 Full-time JD (3L) Students $ 49,800 $ 2,200 4.4% $ 52,000 $ 54,800 $ 2,200 4.0% $ 57,000 Full-time Research-Only Students $ 7,400 $ 300 4.1% $ 7,700 $ 7,400 $ 300 4.1% $ 7,700

SPECIAL SESSION AND OTHER School of Engineering and Applied Science Accelerated Master's Program in Systems Engineering (Tuition and All Required Fees) $ 38,250 $ 750 2.0% $ 39,000 $ 38,250 $ 750 2.0% $ 39,000 School of Continuing and Professional Studies (SCPS) - Tuition and All Required Fees: Post-Baccalaureate Pre-Medical Certificate Program $ 26,815 $ 1,001 3.7% $ 27,816 $ 31,966 $ 1,030 3.2% $ 32,996 National Criminal Justice Command College Program (graduate level) $ 6,450 $ 256 4.0% $ 6,706 $ 12,720 $ 660 5.2% $ 13,380 SCPS - Tuition per credit hour Bachelor of Interdisciplinary Studies $ 375 $ 19 5.1% $ 394 $ 1,158 $ 58 5.0% $ 1,216 Bachelor of Professional Studies - Health Sciences Management $ 475 $ 25 5.3% $ 500 $ 1,258 $ (758) -60.3% $ 500 Commonwealth Graduate Engineering Program $ 531 $ 43 8.1% $ 574 $ 874 $ 70 8.0% $ 944 Graduate $ 410 $ 14 3.4% $ 424 $ 828 $ 42 5.1% $ 870 Community Scholars Graduate $ 392 $ 14 3.6% $ 406 $ 1,235 $ 63 5.1% $ 1,298 Other K-12 Educators (Undergraduate and Graduate, per credit hour) $ 309 $ 9 2.8% $ 318 $ 684 $ 14 2.0% $ 698 Curry Off-Grounds Tuition (per credit hour) n/a $ 500 n/a $ 500 Music Lessons (13 1-hr Lessons/Semester) $ 748 $ 17 2.3% $ 765 $ 748 $ 17 2.3% $ 765 Fully Online Graduate Degree and Certificate Programs (per credit hour, Tuition and All Required Fees:) $ 500 $ - 0.0% $ 500 $ 500 $ - 0.0% $ 500 Credits Taken In Excess of 125% of Program Requirements (per credit hour) $ 309 $ 9 2.8% $ 318 $ 684 $ 14 2.0% $ 698 19 2016 Summer Session, 2016 January Term, and Mt. Lake Biological Station Graduate Class Credit Hour $ 392 $ 14 3.6% $ 406 $ 794 $ 30 3.8% $ 824 Graduate Research Credit Hour $ 67 $ 3 $ 0 $ 70 $ 67 $ 3 $ 0 $ 70 Research Only (full-time load of research hours, per summer, > or = 6 credits) $ 804 $ 36 4.5% $ 840 $ 745 $ 35 4.7% $ 780 Clinical Nurse Leader program (per credit hour) $ 680 $ - 0.0% $ 680 $ 1,160 $ - 0.0% $ 1,160 School of Medicine (per summer) $ 18,097 $ 363 2.0% $ 18,460 $ 22,658 $ 454 2.0% $ 23,112 Continuous Enrollment Fee (per summer) $ 206 $ - 0.0% $ 206 $ 206 $ - 0.0% $ 206 Summer Language Institute Fee $ 60 $ - 0.0% $ 60 $ 60 $ - 0.0% $ 60 OTHER: Other contracted course and cooperative program tuition and required fee rates, including tuition for specialized graduate and professional credit courses, approved on a basis consistent with University contracting policies and procedures by the Executive Vice President and Chief Operating Officer. Discounts to summer session and January term rates, approved on a basis consistent with University policies and procedures by the Executive Vice President and Chief Operating Officer.

2014-15 Approved All Students Amount of Percent of 2015-16 Proposed OTHER CHARGES Engineering Course Fee (per credit hour) - fourth-year students $ 32 $ - 0.0% $ 32 Design Technologies Fee -ARCH-BS, ARCH-MAR, LAND-MLAR n/a $ 560 Design Technologies Fee -PLAN-BUEP, PLAN-MUEP, and UNDAR-ARU n/a $ 140 Nursing Laboratory Fee (per credit hour) - excluding CNL students $ 60 $ - 0.0% $ 60 Clinical Services Fee - Nursing (BSN students, excludes RN to BSN) $ 190 $ - 0.0% $ 190 Clinical Services Fee - Nursing (Clinical Nurse Leader program students) $ 220 $ - 0.0% $ 220 Clinical Services Fee - Medicine $ 184 $ (4) -2.2% $ 180 Clinical Performance Education Center Fee - Medicine (Year 1 students) $ 1,400 $ - 0.0% $ 1,400 Clinical Performance Education Center Fee - Medicine (Year 2 students) $ 1,400 $ - 0.0% $ 1,400 Clinical Performance Education Center Fee - Medicine (Year 3 students) $ 1,000 $ 400 40.0% $ 1,400 Clinical Performance Education Center Fee - Medicine (Year 4 students) $ 750 $ 250 33.3% $ 1,000 Orientation Fee (effective for first-year students entering Summer 2016) $ 210 $ - 0.0% $ 210 Orientation Fee (effective for transfer students entering Summer 2016) $ 130 $ - 0.0% $ 130 SCPS Continuing Education Unit Fee $ 50 $ - 0.0% $ 50 Continuous Enrollment Fee (per term)/ Affiliated Status Fee $ 206 $ - 0.0% $ 206 International Student Fee (annual) $ 100 $ - 0.0% $ 100 Study Abroad Administrative Fee (for students attending non-uva programs) $ 400 $ - 0.0% $ 400 20

2014-15 Approved OTHER CHARGES Application Fees: Undergraduate (excluding SCPS BIS and certificate programs) 70 Graduate Architecture 75 Graduate Arts & Sciences 85 Graduate Batten 60 Graduate Curry 75 Graduate Engineering 60 Graduate Nursing 75 SCPS (undergraduate and graduate programs) 70 International Study 90 Law 80 Darden 250 Darden (PhD program only) 100 Medicine 80 Undergraduate Commerce 75 Graduate Commerce 75 All Students Amount of Percent of 2015-16 Proposed $ $ - 0.0% $ 70 $ $ - 0.0% $ 75 $ $ - 0.0% $ 85 $ $ 15 25.0% $ 75 $ $ - 0.0% $ 75 $ $ 25 41.7% $ 85 $ $ - 0.0% $ 75 $ $ - 0.0% $ 70 $ $ - 0.0% $ 90 $ $ - 0.0% $ 80 $ $ - 0.0% $ 250 $ $ - 0.0% $ 100 $ $ - 0.0% $ 80 $ $ - 0.0% $ 75 $ $ - 0.0% $ 75 21 Activity Fees: All Full-time Students $ 50 $ - 0.0% $ 50 Arts & Sciences $ 10 $ - 0.0% $ 10 Graduate Arts & Sciences $ 8 $ - 0.0% $ 8 Architecture $ 66 $ - 0.0% $ 66 Batten $ 36 $ - 0.0% $ 36 Commerce $ 86 $ - 0.0% $ 86 Graduate Commerce $ 100 $ - 0.0% $ 100 Darden (MBA) $ 56 $ - 0.0% $ 56 Education $ 20 $ - 0.0% $ 20 Engineering $ 20 $ - 0.0% $ 20 Law $ 40 $ - 0.0% $ 40 Medicine $ 52 $ - 0.0% $ 52 Nursing $ 24 $ - 0.0% $ 24 Residential College Fees: Hereford $ 120 $ - 0.0% $ 120 Brown $ 120 $ - 0.0% $ 120 International $ 220 $ - 0.0% $ 220 Mosaic $ 220 $ - 0.0% $ 220 French $ 100 $ - 0.0% $ 100 Spanish $ 100 $ - 0.0% $ 100 Monroe Lane $ 100 $ - 0.0% $ 100

ALLOCATION OF REQUIRED FEE FOR 2015-16 REGULAR SESSION OF THE ACADEMIC DIVISION RESOLVED, the annual required fee for all on-grounds, degree or non-degree seeking students (with the exception of those assessed the special session fee and on- Grounds graduate students conducting research off Grounds) and Post-Baccalaureate Pre-Medical Certificate students is established, effective July 1, 2015, in the amount of $2,526 for Virginia students and $3,208 for Non-Virginia students RESOLVED FURTHER, the full-time mandatory regular session fee is allocated for 2015-16 as follows: 2014-15 Approved Amount of Virginian Percent of 2015-16 Proposed Non-Virginian 2014-15 Amount of Approved Percent of 2015-16 Proposed OOS Debt Service - Capital Outlay and ETF $ - $ - 0.0% $ - $ 682 $ - 0.0% $ 682 Technology Fee $ 190 $ - 0.0% $ 190 $ 190 $ - 0.0% $ 190 E&G Facilities Construction and Renovation $ 190 $ - 0.0% $ 190 $ 190 $ - 0.0% $ 190 Classroom Renewal Fee $ 32 $ 3 9.4% $ 35 $ 32 $ 3 9.4% $ 35 Arts Fee $ 16 $ - 0.0% $ 16 $ 16 $ - 0.0% $ 16 Academic Credentialing Fee $ 20 $ 4 20.0% $ 24 $ 20 $ 4 20.0% $ 24 Subtotal Required E&G Fees $ 448 $ 7 1.6% $ 455 $ 1,130 $ 7 0.6% $ 1,137 22 Athletics $ 657 $ - 0.0% $ 657 $ 657 $ - 0.0% $ 657 Student Health $ 417 $ 29 7.0% $ 446 $ 417 $ 29 7.0% $ 446 Recreational Facilities $ 384 $ 34 8.9% $ 418 $ 384 $ 34 8.9% $ 418 Newcomb Hall $ 208 $ 2 1.0% $ 210 $ 208 $ 2 1.0% $ 210 University Transit $ 178 $ 3 1.7% $ 181 $ 178 $ 3 1.7% $ 181 Auxiliary Debt Service $ 81 $ (14) -17.3% $ 67 $ 81 $ (14) -17.3% $ 67 Student Programming $ 27 $ 1 3.7% $ 28 $ 27 $ 1 3.7% $ 28 Microsoft Licensing Fee $ 20 $ - 0.0% $ 20 $ 20 $ - 0.0% $ 20 Data Center Fee $ 24 $ - 0.0% $ 24 $ 24 $ - 0.0% $ 24 Safe Ride $ 12 $ - 0.0% $ 12 $ 12 $ - 0.0% $ 12 WTJU $ 8 $ - 0.0% $ 8 $ 8 $ - 0.0% $ 8 Subtotal Required Auxiliary Fees $ 2,016 $ 55 2.7% $ 2,071 $ 2,016 $ 55 2.7% $ 2,071 REGULAR SESSION TOTAL $ 2,464 $ 62 2.5% $ 2,526 $ 3,146 $ 62 2.0% $ 3,208 RESOLVED FURTHER, the Executive Vice President and Chief Operating Officer is hereby authorized to approve miscellaneous fees not anticipated in this resolution with the prior approval of the Chair of the Finance Committee.

ALLOCATION OF REQUIRED FEE FOR THE 2015-2015 SPECIAL SESSIONS OF THE ACADEMIC DIVISION WHEREAS, certain programs are not full-time residential programs but are located on the Charlottesville Grounds; a different fee schedule is appropriate; RESOLVED, the special session fee for the Academic Division is established, effective with the fall 2015 session, in the amount of $232 for Virginia students and $292 for Non-Virginia students and assessed to: 1) students enrolled in the summer session; 2) students enrolled in on-grounds executive programs; 3) students enrolled in on- Grounds Bachelor of Interdisciplinary Studies and SEAS Produced in Virginia programs; 4) on-grounds, degree-seeking, graduate students enrolled in a total of three or fewer credit hours; and 5) students enrolled in the McIntire M.S. Information Technology - Northern Virginia location; and RESOLVED, the students enrolled in the summer session also will be assessed a fee for services provided by Student Health, effective summer 2016, in the amount of $148; and RESOLVED FURTHER, the mandatory special session fee is allocated for 2015-16 as follows: 2014-15 Approved Amount of Virginian Percent of 2015-16 Proposed Non-Virginian 2014-15 Amount of Approved Percent of 2015-16 Proposed 23 OOS Debt Service - Capital Outlay and ETF $ - $ - 0.0% $ - $ 59 $ 1 1.7% $ 60 Technology Fee $ 11 $ - 0.0% $ 11 $ 11 $ - 0.0% $ 11 E&G Facilities Construction and Renovation $ 29 $ - 0.0% $ 29 $ 29 $ - 0.0% $ 29 Classroom Renewal Fee $ 9 $ 1 11.1% $ 10 $ 9 $ 1 11.1% $ 10 Arts Fee $ 8 $ - 0.0% $ 8 $ 8 $ - 0.0% $ 8 Academic Credentialing Fee $ 5 $ 1 20.0% $ 6 $ 5 $ 1 20.0% $ 6 Recreational Facilities $ 65 $ 1 1.5% $ 66 $ 65 $ 1 1.5% $ 66 Newcomb Hall $ 36 $ - 0.0% $ 36 $ 36 $ - 0.0% $ 36 University Transit $ 52 $ 1 1.9% $ 53 $ 52 $ 1 1.9% $ 53 Microsoft Licensing Fee $ 7 $ - 0.0% $ 7 $ 7 $ - 0.0% $ 7 Safe Ride $ 5 $ - 0.0% $ 5 $ 5 $ - 0.0% $ 5 WTJU $ 1 $ - 0.0% $ 1 $ 1 $ - 0.0% $ 1 SPECIAL SESSION TOTAL - Other Than Summer Session $ 228 $ 4 1.8% $ 232 $ 287 $ 5 1.7% $ 292 Student Health $ 138 $ 10 7.2% $ 148 $ 138 $ 10 7.2% $ 148 SPECIAL SESSION TOTAL - Summer Session $ 366 $ 14 3.8% $ 380 $ 425 $ 15 3.5% $ 440

ALLOCATION OF REQUIRED FEE FOR THE 2016 JANUARY TERM OF THE ACADEMIC DIVISION WHEREAS, the January Term is located on the Charlottesville Grounds and offered to non-university students; a different fee schedule is appropriate; RESOLVED, the January Term fee for the Academic Division is established, effective with the January 2016 session, in the amount of $183 for Virginia students and $212 for Non-Virginia students and assessed to visiting students; and 24 RESOLVED FURTHER, the mandatory 2016 January Term fee is allocated as follows: 2014-15 Approved Virginian Amount of Percent of 2015-16 Proposed Non-Virginian 2014-15 Amount Approved of Percent of 2015-16 Proposed OOS Debt Service - Capital Outlay and ETF $ - $ - 0.0% $ - $ 29 $ - 0.0% $ 29 Technology Fee $ 6 $ - 0.0% $ 6 $ 6 $ - 0.0% $ 6 E&G Facilities Construction and Renovation $ 15 $ - 0.0% $ 15 $ 15 $ - 0.0% $ 15 Classroom Renewal Fee $ 5 $ 1 20.0% $ 6 $ 5 $ 1 20.0% $ 6 Arts Fee $ 2 $ - 0.0% $ 2 $ 2 $ - 0.0% $ 2 ID Badge Fee $ 10 $ - 0.0% $ 10 $ 10 $ - 0.0% $ 10 Recreational Facilities $ 35 $ - 0.0% $ 35 $ 35 $ - 0.0% $ 35 Newcomb Hall $ 18 $ - 0.0% $ 18 $ 18 $ - 0.0% $ 18 University Transit $ 20 $ - 0.0% $ 20 $ 20 $ - 0.0% $ 20 Safe Ride $ 2 $ - 0.0% $ 2 $ 2 $ - 0.0% $ 2 WTJU $ 1 $ - 0.0% $ 1 $ 1 $ - 0.0% $ 1 Student Health $ 64 $ 4 6.3% $ 68 $ 64 $ 4 6.3% $ 68 JANUARY TERM TOTAL $ 178 $ 5 2.8% $ 183 $ 207 $ 5 2.4% $ 212

ALLOCATION OF REQUIRED FEE FOR 2015-2016 FULL-TIME, RESEARCH-ONLY, OFF-GROUNDS GRADUATE STUDENTS WHEREAS, full-time, research-only, graduate students are conducting research not located on the University Grounds; a different fee schedule is appropriate; RESOLVED, the full-time, research only, off-grounds graduate fee for the Academic Division is established, effective with the fall 2015 session, in the amount of $680 for Virginia students and $680 for Non-Virginia students; and RESOLVED FURTHER, the mandatory full-time, research only, off-grounds graduate fee is allocated for 2015-16 as follows: Virginian 2014-15 Amount of Percent of 2015-16 Approved Proposed 2014-15 Approved Non-Virginian Amount of Percent of 2015-16 Proposed Technology Fee $ 190 $ - 0.0% $ 190 $ 190 $ - 0.0% $ 190 Academic Credentialing Fee $ 20 $ 4 20.0% $ 24 $ 20 $ 4 20.0% $ 24 Student Health $ 417 $ 29 7.0% $ 446 $ 417 $ 29 7.0% $ 446 Microsoft Licensing Fee $ 20 $ - 0.0% $ 20 $ 20 $ - 0.0% $ 20 TOTAL FOR ALL STUDENTS $ 647 $ 33 5.1% $ 680 $ 647 $ 33 5.1% $ 680 REQUIRED OFF-GROUNDS FEE FOR THE 2015-2016 ACADEMIC DIVISION 25 WHEREAS, certain programs offered by the University are not located on the Charlottesville Grounds; a different fee schedule is appropriate; RESOLVED, the per credit hour fee is established, effective July 1, 2015, in the amount of $35 for students enrolled in programs located outside of the Charlottesville Grounds (including School of Nursing, SEAS Produced in Virginia, and SEAS National Institute of Aerospace) RESOLVED, the per credit hour fee is established, effective July 1, 2015, in the amount of $23 for students enrolled in programs located outside of the Charlottesville Grounds (excluding full-time, research only, off-grounds graduate students, School of Nursing, SEAS Produced in Virginia, and SEAS National Institute of Aerospace). Including K-12 educators, all other online courses, and all other off-grounds programs.

TUITION, REQUIRED FEES, AND OTHER CHARGES FOR THE UNIVERSITY OF VIRGINIA S COLLEGE AT WISE FOR FISCAL YEAR 2015-2016 RESOLVED, the tuition and required fees and other charges applicable to The University of Virginia s College at Wise are approved as shown below, effective July 1, 2015: Virginian Non-Virginian 2014-15 Approved Amount of Percent of 2015-16 Proposed 2014-15 Approved Amount of Percent of 2015-16 Proposed Full-time Students (12 hrs or more per semester) Tuition $ 4,862 $ 194 4.0% $ 5,056 $ 19,864 $ 794 4.0% $ 20,658 Required E&G Fees $ 150 $ 4 2.7% $ 154 $ 782 $ 4 0.5% $ 786 $ 5,012 $ 198 4.0% $ 5,210 $ 20,646 $ 798 3.9% $ 21,444 Auxiliary Fees $ 3,856 $ 154 4.0% $ 4,010 $ 3,856 $ 154 4.0% $ 4,010 Total Tuition and Required Fees $ 8,868 $ 352 4.0% $ 9,220 $ 24,502 $ 952 3.9% $ 25,454 Room (weighted average) $ 6,228 $ (84) -1.3% $ 6,144 $ 6,228 $ (84) -1.3% $ 6,144 Board (175 Meal Block & $50 Dining Dollars Per Semester) $ 4,112 $ - 0.0% $ 4,112 $ 4,112 $ - 0.0% $ 4,112 Total Cost of Education $ 19,208 $ 268 1.4% $ 19,476 $ 34,842 $ 868 2.5% $ 35,710 Students taking more than 18 credit hours per semester must pay for the additional hours at the tuition rates listed below: 26 Other Charges Part-time Students (less than 12 hours per semester) $ 208 $8 3.8% $ 216 $ 840 $34 4.0% $ 874 Off-Campus Instruction per hour $ 208 $8 3.8% $ 216 $ 840 $34 4.0% $ 874 Non-Credit Courses per unit $ 81 $3 3.7% $ 84 $ 245 $10 4.1% $ 255 Application Fee $ 25 $0 0.0% $ 25 $ 25 $0 0.0% $ 25 Registration Fee for part-time students will be $5 per semester hour. RESOLVED FURTHER, the Executive Vice President and Chief Operating Officer is authorized to approve reduced tuition rates for residents of Kentucky and Tennessee who live in counties that are within a 50-mile radius of The University of Virginia s College at Wise and who are enrolled at the College in accordance with Section 23-7.4:2.F. of the Code of Virginia.

UNIVERSITY OF VIRGINIA BOARD OF VISITORS AGENDA ITEM SUMMARY BOARD MEETING: March 24, 2015 COMMITTEE: AGENDA ITEM: Finance I.C.1. Faculty and Staff Housing Rates, 2015-2016 BACKGROUND: The University operates 85 faculty and staff housing units, including individual houses, cottages, Lawn Pavilions, townhouses, and apartments. State policy requires that rents charged by the University for faculty and staff housing reflect the market rate for similarly sized and equipped properties. DISCUSSION: University faculty and staff housing rates are proposed to increase by an average of 3.3% from the 2014-2015 rates. ACTION REQUIRED: Approval by the Finance Committee and by the Board of Visitors FACULTY AND STAFF HOUSING RATES FOR 2015-2016 RESOLVED, the faculty and staff housing rates are approved, as shown below, effective July 1, 2015. Should a property be vacated during the year, the Executive Vice President and Chief Operating Officer or his designee is authorized to increase the rates to market level. Utilities Furnished Rents 2014-2015 Per Month Amount of Percent of Rents 2015-2016 Per Month Utilities Paid By Occupant Piedmont Estates Properties 1 Bedroom Apt. (7)(F) AC,C,D,E,G,T,WS $740 $30 4.05% $770 V 2 Bedroom Apt. (16) AC,C,D,E,G,T,WS $885 $35 3.95% $920 V Houses (3BR) (16) C,D,E,G,HVAC,T,WS $1,285 $40 3.11% $1,325 V Townhouses (3BR)(5) C,D,E,G,HVAC,T,WS $1,180 $45 3.81% $1,225 V Farmhouse Apt. 1 & 3 (1BR)(F) AC,C,D,E,G,T,WS $785 $30 3.82% $815 V Farmhouse Apt. 2 (3BR)(F) AC,C,D,E,G,T,WS $1,125 $25 2.22% $1,150 V Farmhouse Apt. 4 (2BR)(F) AC,C,D,E,G,T,WS $945 $30 3.17% $975 V 27