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Radford University Announces Tuition Rebate for Undergraduate In-State Students

Radford, VA (06/07/2024) — In a decision approved by the Radford University Board of Visitors, the university has announced a tuition rebate for undergraduate in-state students for the 2024-2025 academic year, effectively reversing the 1.5% tuition increase approved earlier this year.

"Maintaining affordable access to a best-in-class education and high-quality Radford experience is our top priority," said Tyler Lester, a Board of Visitors member and chair of the Business Affairs and Audit Committee. "This vote was made possible through a combination of strategic budgeting by the university and significant investments in state support approved by the Governor and General Assembly. The tuition rebate is another example of Radford University leading the way and demonstrates our commitment to putting students and families first while being efficient and effective stewards of our resources."

This rebate underscores Radford University's dedication to ensuring education remains accessible to everyone. It aligns with the university's mission to support current and future students amidst economic challenges and reflects a collaborative effort with Virginia lawmakers to invest in higher education.

"This rebate shows how we're continuing to keep Radford one of the most affordable universities in Virginia while still providing top-notch academic programs and student experiences," said President Bret Danilowicz. "The strong support we receive from the Commonwealth helps us balance these priorities and stay financially sound for the future."

On March 22, 2024, the Radford University Board of Visitors initially voted to increase tuition for the 2024-25 academic year by 1.5% for all undergraduate traditional programs, with a commitment to reevaluate the university's financial outlook after Virginia's state budget was finalized. Following this evaluation and recognizing the additional investment from the Commonwealth of Virginia, the Business Affairs and Audit Committee recommended the rebate.

The rebate is applicable to undergraduate in-state students enrolled in the traditional undergraduate program, excluding differential programs. Undergraduate students qualifying for the rebate will receive it as a financial aid award posted to their account for the spring 2025 semester. For students who are scheduled to graduate in fall 2024, the payment will be applied to their account this September. Other tuition increases for differential or graduate programs remain as announced in March.

In the 2023-24 academic year, Radford University offered the fourth-most affordable four-year undergraduate total costs for in-state students among Virginia public institutions, averaging $23,850. This figure includes tuition, room and board, and mandatory fees.

Over the past year, Radford has significantly enhanced its commitment to providing affordable education to Virginians with the introduction of the Radford Tuition Promise, effective for current and prospective students in 2024-25. The Radford Tuition Promise guarantees full coverage of tuition costs for in-state undergraduate students enrolled in in-person programs whose Adjusted Gross Income (AGI) is $100,000 and who have a Student Aid Index (SAI) of less than $15,000, as determined by the FAFSA.

Additionally, Radford University automatically considers both new freshmen and transfer students for merit-based scholarships such as the Highlander Distinction Program and the Transfer Excellence Scholarship. Along with direct institutional support, the Radford University Foundation awards over 600 unique scholarships totaling over $3 million annually.

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Radford University President Bret Danilowicz shakes hands with Board of Visitors member Tyler Lester, who chairs the Business Affairs and Audit Committee.

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