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Virginia would have to find an additional $660 million to restore the balance in paying for a student’s education at a state college or university, according to a new report that said erratic state funding has shifted most of the burden onto families through rising tuition and fees.

The State Council of Higher Education for Virginia issued a report to state lawmakers Wednesday that calls for a fresh look at new ways of funding public institutions of higher learning in the face of state spending cuts in eight of the past 10 years.

The bottom line for students and their families is increased tuition and fees, which now account for 53 percent of the cost of higher education, compared with the 33 percent target set by the state more than a dozen years ago. In contrast, the state’s share of the bill has fallen to 47 percent, compared with the 67 percent target established in 2004.

“If the next 10 years are similar to the last 10 years for Virginia public higher education, our system is indeed in peril and all options to improve its future should be considered,” SCHEV said in its annual report on tuition and fees.