George Mason University will raise tuition by $450 for in-state and out-of-state undergraduates and graduate students, but there will be no increase in mandatory student fees, the institution said in a statement.
The tuition hike was announced after the university’s Board of Visitors on Wednesday approved a $1.18 billion budget for the 2020-21 academic year.
The board, which approved the budget on a 15-1 vote, added an amendment that stipulated the university should make it a priority to consider reducing tuition if more state or federal funding becomes available.
“This is a ceiling for what we’ll charge, this isn’t the floor,” university rector Tom Davis said of the tuition hike, which comes amid the COVID-19 pandemic.
After the hike, tuition for in-state undergraduate students will increase from $9,060 for the 2019-2020 academic year, to $9,510 for the 2020-21 academic year. Out-of-state undergraduate tuition will increase from $32,520 to $32,970. In-state graduate tuition will increase from $12,144 to $12,593, and out-of-state graduate tuition will increase from $33,456 to $33,906. Student fees remain unchanged at $3,504.
“The board heard from many of our students and understands that many are experiencing hardships from the crises,” Davis said. “We tried our best to balance those concerns with the fiscal realities we face. After much deliberation, the board agreed that a modest increase equally shared by students was the most equitable and fiscally responsible solution.”