LEXINGTON, Va., April 30, 2026 – On Wednesday the Virginia Military Institute Board of Visitors (BOV) approved tuition and fees for the 2026-2027 academic year at their spring meeting held April 27-29. Tuition and fees will increase by 3% for both Virginia and non-Virginia cadets.

Rising costs, including a13% increase in employer health insurance rates as well as rising inflation, were cited as reasons for driving the increase.

“We try to balance the cost to cadets and families with the fiscal realities of providing a top educational experience in a time of ever-increasing costs,” said retired Marine Corps Col. Michael Dick ’77, BOV president. “We work diligently to identify other sources of funding and scholarships to continue providing exceptional educational value to cadets.”

Other board action during the meeting included voting on new officers. The VMI BOV elected Dick as board president, and Lester Johnson Jr. ’95 and Don Hall as vice presidents to fill vacancies for the remainder of the 2025-2026 term. For the 2026-2027 year, the board elected Dick as board president. William R. Janis ’84, retired Rear Adm. Terence E. McKnight ’78 and Damon Williams ’90 will serve as board vice presidents. Hall will serve as the non-alumni member of the board’s executive committee. These officers will assume their new roles July 1.

“I am humbled and honored to serve as president of the board,” said Dick. “This is an exciting time in VMI’s journey and I look forward to working with the other members of the board and the superintendent to continue our mission of producing leaders of honor and integrity.”  

The next board of visitors meeting will be Sept. 21-23.

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