by James A. Bacon
College Simply‘s 2023 Best Value Colleges in America ranks the University of Virginia as the 2nd “best value” among public colleges and universities in the United States in 2023. The best-value distinction is conferred upon institutions that provide students the most academic prowess for the money (defined as net tuition after financial aid to the student).
When critics of UVa governance accuse the university of supporting excess administrative overhead, a common response is: If UVa is so bad, how come it’s the second-best value among all public institutions?
That’s a fair retort and well worth exploring. In this column, I suggest that UVa has restrained the highly visible and politically sensitive metric of undergraduate in-state tuition not through budgetary belt-tightening but by pursuing two strategies: (1) maintaining a favorable ratio of students who pay the full freight versus those who require financial assistance, and (2) increasing enrollment for out-of-state post-graduate students who pay higher tuition than in-state students. Much if not all of UVa’s perceived superior value comes from tuition-and-admissions engineering. Continue reading