Setting our course
Under the first three years of the William & Mary Promise (Fiscal Years 2014-16), the university will generate $34.3 million in new revenue and reallocations. This new revenue includes the tuition increase, as well as revenue from enrollment growth, anticipated state funds and funds reallocated from other areas of the university’s budget because of efficiency and productivity savings generated by improvements to business operations.
W&M's strategic plan
William & Mary will use the additional revenue to address priorities identified in the university’s strategic plan and developed in the six-year plan as required by and reviewed under the Higher Education Opportunity Act of 2011 (TJ21). This includes significant increases for financial aid for undergraduate and graduate students, support needed for planned enrollment increases and compensation increases for faculty and staff.
The W&M Promise will allow the university to make significant progress towards meeting the state's long-standing goal of having its colleges and universities provide faculty salaries at the 60th percentile of their SCHEV-identified peers.