Wednesday, May 05, 2010

BREAKING: UVA Law 2010-2011 Tuition

Well, folks, it's been a long wait, but we now the no just how much it will cost to attend UVA Law next year:


J.D. Class of 2013
Virginia Resident
Nonresident
Tuition and Fees:
$42,500
$47,500
Living Expenses:
15,150
15,150
Health Insurance: 2,150 2,150
Books and Supplies: 1,800 1,800
Loan Fees:
1,100
1,100
Totals:
$62,700
$67,700

J.D. Classes of 2011 and 2012
Virginia Resident
Nonresident
Tuition and Fees:
$40,500
$45,500
Living Expenses:
15,150
15,150
Health Insurance: 2,150 2,150
Books and Supplies: 1,800 1,800
Loan Fees:
1,100
1,100
Totals:
$60,700
$65,700
 
A couple of points:
* 47,500.  No, really.  When will it end?  How can it be that much in a recession with inflation near record lows.  We mean... it has to end sometime, right?
* Also, we think it's a little unfortunate about how difficult it is to find the cost of attendance on the UVA Law website.  You have to go to "Admissions" and then to "Financial Aid" and then there is a tiny link where you can view the tuition and fees.  The fact that you are going to pay 3 x 65,700 = $ 197,100 in today's dollars (not counting interest OR the fact that tuition will go up again) should be put more up front.  Just our 2 cents, though.  And in case anyone is wondering how much that will cost to pay back on a 10 year plan at 6.8% interest (the current rate for Staffords) . . . why it's a mere a $272,188.17, or 120 monthly payments of $2,268.23.  With all due respect, they should put these numbers - clearly - on the website and in the Law School's advertising materials.
* That said, kudos to UVA for adopting what we once suggested: a multi-layered tuition plan so current students are protected from large increases. 1Ls are paying an additional 2k across the board.  Of course, the plan would be more effective if there were more time for 1Ls to find other options.  They can still drop out of the
* The increases are:
  • For current in-state students:  38,800 to 40,500 = 4.38%
  • For current out-of-state students:  43,800 to 45,500 = 3.8%
  • For new in-state students (didn't pay last years, but here is the percentage increase)= 38,800 to 42,500 = 9.5%
  • For new out-of-state students: 43,800 to 47,500 = 8.4%
* We're sorry, c/o 2011-2013.  Find us at the bars after finals and we'll buy you a drink.

Related:
Please Don't Raise Tuition Again [Law Weekly]
2010-2011 Tuition [Virginia Law]

18 comments:

Anonymous said...

Perhaps they're thinking that they can afford to scare away a few incoming 1Ls. Word is that 400 students put down deposits, and they're now offering people additional aid if they defer their acceptance a year.

Anonymous said...

that is insane if 629 is right

also, 12(f), all the good people get scholarships, so you should adjust your calculations . . .

Anonymous said...

Happy Cincbro de Mayo everyone!

Anonymous said...

This totally ruins my cinco de maybro.

Anonymous said...

This is brofoundly disturbing.

Anonymous said...

we're slightly poorer

Anonymous said...

The math is wrong. Old in-state students have an increase of 4.3%, not 6.6%.

Anonymous said...

This is completely fucking criminal.

You would think the school would have done everything it could to avoid raising tuition, and it's plainly clear they did not.

Yet, something tells me, we'll still see raises for professors salaries when the figures are released next year. God forbid we should tell them to maybe take a year off for the benefit of the students they claim to care so much about.

Moreover, if 6:29 is correct, that's a disgrace too. Let's just pledge more aid to kids who don't even go here yet instead of helping the ones who do.(And I get that money is pledged for 2 years from now, but still it might behoove to cut back a bit on next year.) I know all about the recruiting talent spiel, but do we really need another 10 kids who took TestMasters to the detriment of current students? We're a top-10 school, it's not gonna change because you throw money, or dont, at a few kids whose parents fronted them 3 grand for a prep course.

Do me a favor, UVA, and chalk up the increase in your alumni giving column because that's about all you're getting.

Anonymous said...

[T]otal resident fees for Berkeley Law students during the 2010-11 academic year will be $44,220 and the estimated total resident fees for the 2011-12 and 2012-13 academic years will be $49,347 and $51,815 respectively.

The estimated fees are contingent upon projections of competitors’ fees. Since 2007, Berkeley Law has limited its fee increases so that its resident fees will not exceed its policy benchmark of 90 percent of market rate. Thus, please note that fee levels are subject to change.

For nonresident students, total nonresident fees will be $52,220 for the 2010-2011 academic year. During the 2011-12 and 2012-13 academic years, the proposed nonresident fees will be $54,830 and $57,573 respectively. Nonresidents should note that it is possible to establish California residency for tuition purposes during the first year of law school.

Anonymous said...

why is it "criminal"? if you don't like the price, don't go to uva! Or perhaps Obama's pay czar should cap tuition rates and prof salaries.

Anonymous said...

"You would think the school would have done everything it could to avoid raising tuition, and it's plainly clear they did not."

This isn't a charity, dude. Well, it kind of is, but it's also a competitor in a very competitive marketplace. Our rankings are, for better or worse, dependent on per-student expenditure (look it up); so, we can let Northwestern and Duke raise their tuition and pass us despite lower-quality students, faculty, and reputation... or we can charge what the market will actually bear, since it seems more people are willing to pay it than we even have space for (isn't there something called equillibrium that we should be seeking?)

It does suck for us current students, since we're kind of already committed at this point, but they did try to mitigate the hit to us. In the scheme of things, does it really matter if sticker price is 45k as opposed to the almost 44k it was last year?

Rule 12 (f) said...

Yes it matters. Ask any 3L facing loan repayment.

Anonymous said...

12(f), please cover the rumor that UVA is offering students additional aid for deferring.

Anonymous said...

If I would be making $160k next year, then fine, charge whatever then want. But I'm not. Should have gone to Penn.

Anonymous said...

Hey 1:54, Penn = UVA + More Suck. That's some added value right there. Unless you want to work in Philly, then I guess it'd be good. I mean, if the Philly phirms are still in business in a couple years.

Anonymous said...

9:04-
Who really gives a shit if Duke and Northwestern pass us in the rankings for a year?

Oh noez, we're #11, how are we ever going to get jobz??!!

We're never breaking into the HYSCCN ranks and it's pretty unlikely given our other metrics that we'll ever fall out of the Top 12. Seems to me this would be even a better time for a decent school like UVA to stick it to the rankings and issue a statement beforehand saying something to the effect that the school voluntarily and knowingly took the rankings hit for the betterment of its current students.

More to the point, it'd be even easier to game the rankings and help current students by simply accepting less students. EPS goes up, more money available to not raise tution or at a minimum a break-even for extendning some relief to those of us who the school actually has some obligation to.

-7:31

Anonymous said...

"fewer" students

Anonymous said...

Hey 2:39/7:31, with all due respect, shut your trap hole. Some of us actually applied to UVA (god forbid!) because it's a Top 10 school, and would prefer to not see that change. UVA just turns around and spends the increased tuition on scholarships, anyway. Expenditures per student, baby. Get used to it, or go to Mason.