Financial & Merit-based Aid

Financial Aid

If you have what it takes to be a W&M student, our Office of Financial Aid will help you find a way to pay for it. Through a combination of financial aid options including grants, loans and work study —we'll make sure you graduate with as little debt as possible.

Merit-based Awards

In addition to need-based financial aid awards, the Office of Undergraduate Admission confers three merit-based awards: the 1693 Scholars Program, the William & Mary Scholars Award and the James Monroe Scholars Program. All applicants (both Early Decision and Regular Decision) are automatically considered for these merit-based awards. William & Mary Scholars and James Monroe Scholars recipients, as well as 1693 Scholar Finalists, are notified in March of their senior year. 

Additional scholarships offered by William & Mary include varsity athletic recruitment scholarships through the Tribe Athletic Office, and the Sharpe Community Scholars Program for which any enrolling student can apply. 

1693 Scholars 

The 1693 Scholars Program is our most selective scholarship, providing approximately eight students in each year's entering freshman class with extensive benefits worth the amount of in-state tuition, general fees and room board. Scholars work closely with distinguished faculty in order to plan their course of study, and receive $5,000 to support independent projectsFinalists are notified in March when they are asked to complete additional steps in thselection process.

William & Mary Scholars

The William & Mary Scholars Award is presented to students who are achieving at a high level having overcome significant adversity and/or students who would add to the diversity of our campus. Awards are worth the amount of in-state tuition each year. The William & Mary Scholars Undergraduate Research Experience (WMSURE) then supports William & Mary Scholars with workshops, guidance and social opportunities designed to instill an interest in academic research. Every student who applies to William & Mary for admission is considered; there is not a separate application process or deadline.

James Monroe Scholars

The James Monroe Scholars Program offers a $3000 summer research stipend to approximately 10% of accepted freshmen, empowering selected scholars to explore an academic area of their choice. Benefits to this program include special housing option during freshman year, special consideration in the appointment of freshman advisors, priority course registration as an entering freshman and the invitation to take part in additional seminars. Rising sophomores who have done exceptionally well academically (typically a cumulative GPA of 3.8), and who were not offered the Monroe Scholar designation during the college admission process, are invited to apply for seats in the Monroe Scholars Program through the Charles Center. 

William & Mary encourages students to seek outside scholarships. Local scholarships tend to be far less competitive since many of them offer smaller amounts of money. Be mindful however, that several small scholarships may add up to a substantial amount! Check with your guidance counselor, the newspaper, greek organizations, your parents’ employers or religious bodies in your area for scholarship opportunities and deadlines. Below is a listing of national scholarships; several target students of color: