2006-07 TUITION RATES SET BY BOARD OF VISITORS

Old Dominion University will raise its annual tuition and fees for in-state undergraduate students by 8.6 percent, effective with the summer 2006 term. The university's Board of Visitors approved the increase at its April 7 meeting.

Full-time, in-state undergraduate students will pay $6,098 for 30 credit hours, a $484 increase over this year's rate. In-state graduate students will have an 8.1 percent increase in tuition and fees, paying $7,028 for 24 credits. Room and board rates will increase 5.5 percent, or $323.

Robert L. Fenning, vice president for administration and finance, noted that the new tuition and fee structure is based upon the university's six-year financial and academic plans and enrollment goals.

"Raising tuition and fee rates for our students is a difficult decision," Fenning said. "A lot of planning and consideration of the fiscal impact these increases would have on our students went into this decision. In setting these costs, we strove to be as affordable as possible while meeting increasing ongoing costs and supporting the university's strategic plan."

Out-of-state undergraduate students will see an 8.2 percent increase in yearly tuition and fees, to $16,658; out-of-state graduate students will pay $17,358 for 24 credits, or 8.1 percent more than in 2005-06.