Affordability

We promise a W&M education that's within reach for all Virginia students.

We promise you won't make a better investment.

Among Virginia public universities only W&M guarantees no in-state tuition increases for the four years of a student's undergraduate education.

W&M offers the fourth lowest average net price of all public universities in Virginia for students qualifying for grant or scholarship aid. Only Radford, Norfolk State and UVA-Wise are lower. Virginia State is fifth and and the University of Virginia is sixth.

W&M boasts the second-highest four-year graduation rate among public universities in the United States, according to Money.


Average Net Price Comparison

Source: U.S. Department of Education College Navigator


Greater affordability for Virginia's middle-income families

Most Virginians pay less under the W&M Promise. For incoming freshmen, the plan provides a lower "net price" for all low- and middle-income* Virginia families qualifying for need-based financial aid. As an example, for a family of four with two children in college and a combined household income of $100,000, the annual total cost in 2013-14 (including tuition, fees, room and board, books, travel and incidentals) after grants and financial aid was actually $1,000 less than it would have been under the old model. Previously, that family paid $16,515 through their own funds, loans and work-study. Under the W&M Promise, that cost was reduced to $15,515. The total cost includes $3,250 estimated for books, travel and incidentals.

In addition to need-based aid, W&M is committed to helping promising students – both in-state and out-of-state – access the distinct brand of education that William & Mary offers through a mix of scholarships and other financial aid support. To that end, the university has made scholarships a top priority in the recently launched fundraising campaign, and we aspire to raise $350 million to help remove financial barriers that prevent talented students from attending William & Mary.

*The definition of middle income is that developed by the TJ21-created Higher Education Advisory Committee – 400 percent of the federal poverty definition – or approximately $100,000 for a family of four. According to U.S. Census data, 77 percent of Virginia households have a combined average income of $100,000 or less.

We promise lower average student debt.

Because of new financial aid, the W&M Promise lowered the average annual borrowing and four-year cumulative debt average for new Virginia undergraduates with demonstrated need. In its first year, the W&M Promise lowered the maximum amount of loans included with an in-state financial aid package by 36 percent for families with an income between $40,000 and $60,000, and by 18 percent for all other families with financial need. Freshmen from Virginia families with a household income of less than $40,000 continued to receive financial aid covering 100 percent of their need with grants, not loans.

Comparison of Cumulative Four-Year Debt for Students with Need
Income Previous W&M Promise Debt Reduction
Less than $40,000 $0 $0 $0
$40,000 - $60,000 $22,000 $14,000 $8,000
Greater than $60,000 $22,000 $18,000 $4,000

All offers of financial aid will be determined after the student's aid application is fully reviewed by the financial aid office.