Virginia Tech

Chart (D) | How are unfunded discounts & waivers and tuition used for financial aid offsetting tuition revenue over time?​



Discount rate:Institution discounting as % of gross tuition revenue


Redistribution rate:Tuition used for Financial Aid as % of paid/collected tuition


Measure2015-162016-172017-182018-192019-202020-212021-222022-232023-24
Gross Tuition Revenue$513.7M$532.3M$574.7M$602.2M$642.5M$659.9M$693.8M$737.0M$782.5M
Unfunded Discounts & Waivers$73.5M$77.6M$79.2M$81.6M$88.7M$89.9M$100.3M$109.3M$120.4M
Tuition Rev for Financial Aid$1.5M$1.4M$4.5M$6.3M$7.9M$10.0M$11.1M$21.4M$23.2M
Tuition Rev for Operations$438.7M$453.3M$491.1M$514.2M$545.9M$560.0M$582.4M$606.3M$638.8M
% of Gross Tuition Rev for Operations85%85%85%85%85%85%84%82%82%



Source: Previously submitted 6y plans, S1S2 report, SCHEV analysis.