CHARLOTTESVILLE, Va., Nov. 2 -- The University of Virginia issued the following news release:

The University of Virginia's Board of Visitors on Friday set student housing and dining rates for the 2027-28 school year, giving undergraduates and families time to evaluate their options and plan their budgets ahead of newly expanded University and commercial properties coming online in 2027.

For the next academic year, the Board of Visitors set the average double-room housing rate for students at $9,189, with leases covering August through early May.

The new Ivy Corridor upperclass residence hall is expected to cost approximately $11,000 for the academic year for a single bedroom, compared with advertised annual rates ranging from approximate...