Students at West Virginia State University can expect to see a tuition hike of 8 percent this fall, but the Institute-based school will not have to lay off any faculty to balance next year's budget, the university's Board of Governors said Wednesday.
"We are in good shape to have a good budget next year with no forced layoffs," said Larry Rowe, chairman of the Board of Governors, at Wednesday's meeting. "I don't want to say it is an absolute, but the chance of staff reductions is so remote it is almost impossible."
Under the proposed tuition increase, West Virginia residents will pay $5,442 a year beginning next fall -- an increase of about $400 a year. Out-of-state students will pay $12,720 a year.
The Board of Governors will vote on the proposed tuition increase at a meeting in April, but Rowe said if the 8 percent increase is approved, it will net the college about $1 million next year. The state Higher Education Policy Commission would also have to approve the increase.
That tuition increase, coupled with $750,000 in additional state funds and continued program reductions, means the university will be able to balance its books this and next fiscal year, said Rowe.
In September, school officials unsuccessfully asked the Legislature for $1.6 million in annual funds to compensate the school after its split from Kanawha Valley Community and Technical College in 2008. Gov Earl Ray Tomblin denied the funding request, but granted $1.5 million to the Higher Education Policy Commission to dole between State and beleaguered West Virginia University Institute of Technology.