UVa Board Raises Fees for Sports

UVa‘s Board of Visitors has approved a tuition hike of $76, $50 of which is to support their sports program. Tuition will continue to go up by $50 per year until the sports program breaks even. UVa reports that, by 2010, the athletics department will be $47M in the hole. This, despite that UVa’s Capital Campaign, which ended just last month, raised an incredible $159M. Previously, millions were raised for the sports program, notably Carl Smith’s $25M donation. 21.4% of student activities fees goes to athletics. Is it possible that UVa is only planning to spend a small amount of their endowment fund on sports? [Note: This story has been updated. Read on to see the changes.]

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