In-state tuition guarantee
How does this affect my tuition if I’m enrolling at W&M as a transfer student?
In-state transfer students will pay the same tuition as the entering freshman class, and transfer students' tuition will be frozen for up to one year beyond the expected time it would take to complete their degree (based on academic standing when they enroll). For example, if a transfer student enters as a junior, he or she will have up to three years of frozen tuition.
How does the new model impact those families who enrolled in the Virginia 529 College Savings Plan?
The full cost of W&M tuition and mandatory fees will continue to be covered by Virginia 529 prePAID (previously known as the Virginia Prepaid Education Program, or VPEP).
Room, board & fees
So some other costs, such as average rates for room, board and fees could increase?
Once in-state tuition is set for an incoming class, that number will not change for the next four years. There will be some increases in fees and other costs, but tuition, which has historically been the most volatile part of total cost, will be frozen.
What about total cost, including tuition, room, board and mandatory fees?
The total cost for entering in-state transfer students to attend W&M in fall 2013 is $25,279. Total costs for subsequent years will be determined by the Board of Visitors each spring as they consider costs for room, board and fees, but the tuition will be frozen for each class.
How do I know if I’ll qualify for financial aid, and how do I apply for financial aid?
To be eligible for federal financial aid, all undergraduates must submit a Free Application for Federal Student Aid (FAFSA). Applicants also must complete the CSS Profile in order to receive any additional financial aid. (Consideration for merit scholarships does not require the submission of either application.) Upon receipt of your FAFSA and Profile, the financial aid office will determine if you qualify for federal, state, or institutional grants, federal work-study, or federal student loans, and will put together a personal aid package based on your eligibility.
The priority deadline for financial aid applications from students entering in the fall is March 1.
Transfer out-of-state students
How does the William & Mary Promise impact out-of-state undergraduates?
The new operating model – specifically the guaranteed tuition plan – does not apply to tuition for out-of-state undergraduates. For the 2013-14 academic year, the tuition for out-of-state undergraduates is $32,816, an increase of $956 (3%), the lowest increase in 11 years. The total cost for 2013-14 – including tuition, mandatory fees, room and board – is $48,256, an increase of $1,594 (3.4%). The College will continue to evaluate out-of-state tuition on an annual basis to ensure it is comparable to or less than the tuition charged by peer universities with which we compete for students.
So the W&M Promise is only for in-state undergraduates?
The W&M Promise is an innovative new plan to ensure and strengthen the university’s long-term excellence. That benefits out-of-state students as well as everyone else associated with William & Mary.
Do you have a target for annual out-of-state tuition increases?
We will continue to evaluate out-of-state tuition on an annual basis, considering costs, as well as tuition and fees compared to peer institutions.