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University of Virginia's College at Wise

Chart (C) | How is institutional financial aid (e.g., discounts/waivers) offsetting institutional tuition revenue over time?​



RateAnnual Growth 3
Gross tuition revenue-1.4%
Institutional Financial Aid1-1.9%
Net Tuition Revenue2-1.3%
Inflation (HEPI)53.0%
Inflation (CPI)53.2%
Institutional financial aid (e.g., tuition discounts/waivers)1 vs. net tuition revenue2 [2015-2024]​


Revenue Category2015201620172018201920202021202220232024
Institutional financial aid$3.2M$1.9M$1.4M$1.4M$1.9M$2.2M$3.0M$3.1M$4.0M$1.6M
Net Tuition revenue (NGF)$7.1M$8.2M$8.9M$8.8M$7.6M$7.6M$6.4M$6.6M$6.5M$7.4M
State-funded financial aid (GF)$2.1M$2.2M$2.6M$2.6M$2.7M$3.2M$3.2M$3.6M$4.0M$6.1M


1. Institution financial aid = SCHEV S1/S2 collections; includes tuition discounts/waivers (foregone revenue) and non-general fund tuition revenues applied toward financial aid (redirected revenue)
2. Net tuition revenue = gross tuition revenue – total institutional financial aid
3. Tuition discount rate = total institutional aid (tuition discounts/waivers) / gross tuition revenue
4. "Annual growth" calculated as compound annual growth rate (CAGR)
5. Determined as annual growth in HEPI/CPI over period​
Source: SCHEV