A pair of Virginia state senators wants the University of Virginia to freeze tuition, citing a massive investment fund worth billions of dollars that is controlled by the school. Democratic Sens. Chap Petersen and Scott Surovell, who represent the City of Fairfax and Fairfax County, wrote a letter to the University of Virginia Board of Visitors calling for a tuition freeze effective Jan. 1, 2017. “There is no reason to have a surplus of operating funds, at least of that size, unless you are systematically overcharging for services,” wrote Petersen. The two senators say money from the Strategic Investment Fund, worth $2.3 billion, should be returned to students and families through lower tuition. “The most appropriate policy would be freezing or reducing tuition at all of the university’s schools including graduate programs until this reserve is reduced to a more appropriate level,” Surovell said.