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Report: Va college tuition outpaces incomes

Tuesday - 1/31/2012, 2:40pm  ET

RICHMOND, Va. - Tuition and fees at Virginia's colleges and universities are outpacing the rise in family incomes, and administrative costs also are rising faster than instructional spending.

That's according to a study of the state's 15 public and 24 private schools by the American Council of Trustees and Alumni.

The report shows that tuition and fees at 17 schools total more than 40 percent of Virginians' median household income, up from 10 schools in 2004.

The study comes just days after President Obama called, during his State of the Union address, for withholding federal dollars from colleges and universities that don't keep tuition down.

Virginia Governor Bob McDonnell, appearing on WTOP's Ask the Governor program says he agrees with the President on holding down tuition.

"We're asking them to re-program 5 percent of their existing money out of the bureaucracy, out of administration and into these issues like more degrees and more financial aide" says McDonnell.

The Richmond Times-Dispatch says the report shows that administrative costs increased by an average of 65 percent at public and 49 percent at private schools over a six-year period that ended in the 2008 fiscal year, the most recent statistics. Instructional spending rose 45 percent for public schools and about 42 percent for private schools.

WTOP's Hank Silverberg contributed to this report. Follow Hank and WTOP on Twitter.

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