This report summarizes: (1) planned increases in in-state undergraduate tuition and mandatory educational and general (E&G) fees for the 2003-04 academic year (analyzing those increases as they relate to the tuition policy set forth by the 2003 General Assembly); (2) changes in tuition and fees in Virginia over the last 25 years; (3) cost sharing relationship between the state and in-state undergraduate students; and (4) trends in tuition increases nationally and peer comparisons. Findings include: the 2003 General Assembly established a tuition policy that institutions shall not increase tuition and mandatory E&G fees for in-state undergraduates by more than five percent in 2003-04 over the adjusted annualized 2002-03 base tuition; the overall actual average increase for in-state undergraduate tuition and mandatory E&G fees, without annualizing the mid-year increases, will be 19.3 percent from 2002-03 to 2003-04; and the fall, average tuition and mandatory E&G charges will be less than they would have been had they increased by the rate of inflation between 1995-96 and 2003-04. Appendixes include comparisons of changes in tuition and fees for other student groups including in-state and out-of-state undergraduate and graduate and in-state and out-of-state first-professional. (SM)