University Privatization in Virginia?

An interesting model for University privatization being proposed in Virginia: The Virginia proposal under consideration by that state’s legislature would affect three schools — the University of Virginia, the College of William & Mary and Virginia Tech. The schools would forego up to $15 million of their state appropriations, or 4 percent, in exchange for the right to determine their own tuition rates and bypass state regulations for building and hiring. The state support represents less than 10 percent of the Virginia schools’ overall funding.