VCU Key Facts 2014
Virginia Commonwealth University enrolled 31,288 students in the Fall of 2013. VCU’s in-state undergraduate population is 89.3%. VCU alone has absorbed 21% of the growth of in-state students in the past 15 years.
More than 1 in 3 (37%) of the students at VCU are minority students.
The number of Virginia community college transfer students has increased from 803 in 2001 to 1,411 in 2013. The total number of transfer students in 2013 was 2,095.
From Fall 1997 to Fall 2013 the average high school GPA of incoming freshmen increased from 2.99 to 3.58 and the average SAT score increased from 1012 to 1111.
87% of the first-time freshmen last year returned this year, up from 77% for the 1999 freshman class. VCU awarded 7,365 degrees and certificates in 2012-13, a 77% increase over 10 years.
University and Student Finances
Commensurate with VCU’s higher cost majors (biology is VCU’s most highly enrolled major) and mission as a doctoral granting institution, VCU’s FY 2014 tuition and fee charges rank 4th among Virginia’s 15 four-year institutions for students taking 15 credit hours.
Financial aid support from the state is extremely important to VCU’s students and families. Although VCU’s tuition and fees continue to be reasonable, more than half of VCU’s students receive some type of student loans. Of VCU’s undergraduates (32%) will be the first in their families to graduate from college.
VCU has the 2nd largest GF base adequacy funding deficit among the Virginia four-year institutions. According to the September, 2013 SCHEV estimates the deficiency is approximately $33.1 million.
State funding has been significantly reduced over time. Between FY 2008 and FY 2012 VCU state funding was reduced by a net of $63.5 million.
The state has made up some ground for VCU in recent years, adding back $12.7 million of new operating funds between FY 2013 and FY 2014, along with an additional $2.5 million in new support for Massey Cancer Center.
VCU is a self-help university, with nearly half (48.0%) of the funding for capital projects since 1990 coming from sources other than the state.
According to SCHEV, VCU has the need for an additional 479,404 ASF of research space. VCU consistently has classroom and lab utilization rates that are among the very highest in the state and exceed most SCHEV standards.
VCU Health System (VCUHS), Research and Economic Impact
VCU and the VCU Health System is the largest employer in the Richmond metropolitan area (6th largest in the State), employing more than 20,000 workers in 2013.
In 2012, the annual impact of VCU in Virginia is an estimated $3.6 billion and more than 43,000 jobs. $2.9 billion of that impact is within the Richmond metro area and more than $1.2 billion in the City of Richmond.
$1 of state investment in VCU generates $6.70 in the City of Richmond, $15.30 in the Richmond, MSA, and $19.00 in Virginia (according to analysis by Chmura Economics & Analytics, December 2010).
The VCUHS records over 33,000 admissions and more than 550,000 outpatient visits each year to our 55 outpatient clinics. Our emergency department, the area’s only Level I Trauma Center, sees nearly 85,000 visits annually...
Children’s Hospital of Richmond at VCU (CHoR) is Central Virginia’s only full-service children’s hospital and has the largest pediatric market share in the region. In 2013, the American College of Surgeons named CHoR as Virginia's first Level I Pediatric Trauma Center, offering 24 hour access to all pediatric specialists.
The VCUHS continues to lead the East Coast in the number of total Artificial Heart Transplants, with 75 implanted since program inception in 2006.
VCU Health System (VCUHS) is nationally recognized for clinical excellence and has been named a top hospital in Virginia by US News and World Report for the past two years. VCUHS is among an elite group of about 200 healthcare organizations worldwide that have been awarded Magnet status for nursing excellence, further evidence of our clinical preeminence. As one of Richmond's largest employers, VCUHS has received multiple designations as a Working Mother magazine "100 Best Company" for working mothers, Greater Richmond's Employer of Choice and Greater Richmond's leader in Workforce Development practices.
The VCUHS continues to provide more indigent healthcare services than any other hospital in the Commonwealth. In addition, VCUHS is one of Virginia’s largest Medicaid providers.
VCU sponsored research has nearly tripled from $88 million in 1997 to $260 million in 2012. This has resulted in 393 patents and transfer licenses awarded to VCU in the last 13 years, with 30 start-up companies formed to commercialize the inventions.
VCU holds Virginia’s only $20 million National Institutes of Health Clinical and Translational Science Award, placing it among a network of 60 institutions that are leaders in bridging laboratory discoveries to patient treatments.
VCU Massey Cancer Center, with more than 1,000 researchers, clinicians and staff, holds the prestigious distinction of being one of only 68 among 1,500 cancer centers in the country, and one of only two in Virginia, designated by the National Cancer Institute. Placing Massey among the top 4 percent of cancer centers in the country, NCI designation means we are leading and shaping America’s fight against cancer.
VCU Massey Cancer Center provides one of the largest offerings of cancer clinical trials in Virginia. Massey is continually evaluating the latest cancer therapies, with more than 150 studies on more than 20 types of cancer from brain and breast, to leukemia, prostate and more.