The W&M Board of Visitors sets the total costs for the upcoming academic year each spring. View the most current estimated annual costs to attend W&M.
In-state tuition guarantee
How does the W&M Promise affect in-state tuition?
The William & Mary Promise provides a guarantee that, for the in-state undergraduate Class of 2024 entering W&M in the fall of 2020, tuition will increase no more than 3% annually. The Board of Visitors established tuition for the incoming in-state class in November. The Board of Visitors sets total cost, including room, board and fees, every spring.
So the tuition guarantee under the W&M Promise is for four years?
Yes. There will be some exceptions in which an undergraduate needs to take longer to finish (for medical withdrawals, internship opportunities and transfer students who lack the prerequisites for their intended major). Those will be reviewed on a case-by-case basis. Learn more about the review process. W&M, however, has an impressive graduation rate of 91 percent. Of those who graduate, 92 percent complete their work at William & Mary in four years or less.
How does the W&M Promise impact those families who enrolled in the Virginia 529 College Savings Plan?
The full cost of W&M tuition and mandatory fees is currently covered by Virginia 529 prePAID (previously known as the Virginia Prepaid Education Program, or VPEP). Room and board are not covered.
Room, board and fees
So some other costs, such as average rates for room, board and fees could increase?
Tuition increases for in-state undergraduates entering W&M in the fall of 2020 or later will not exceed 3%. There will be some increases in fees and other costs, but tuition increases, which have historically been the most volatile part of total cost, will be limited to 3% or less. The Board approved final tuition for in-state students at its November meeting.
What about total cost, including tuition, room, board and mandatory fees?
Total costs for subsequent years will be determined by the Board of Visitors each spring as they consider costs for room, board and fees.
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.
How does the W&M Promise impact Virginia students with family incomes less than $40,000?
The W&M Promise expanded available aid to Virginia families. This plan maintains a no-loan, all-grant financial aid package for those in-state students and will continue to offer it to future in-state students who qualify.
What about Virginia families with household incomes greater than $40,000 with need?
The plan lowers the maximum amount of loans included with an in-state financial aid package for families with household incomes of more than $40,000. See examples of the financial impact of the W&M Promise on low- and middle-income Virginia families.
How does the William & Mary Promise impact out-of-state undergraduates?
This operating model – specifically the guaranteed tuition plan – does not apply to tuition for out-of-state undergraduates, but qualifying out-of-state students may receive up to 25 percent of their full cost of attendance in grant aid. The university 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.
So the W&M Promise is only for in-state undergraduates?
The W&M Promise ensures and strengthens 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.
How does this affect costs for out-of-state graduate students?
Tuition and fees for out-of-state graduate students is set in the spring.
St Andrews William & Mary Joint Degree Programme
What does the W&M Promise mean for students who enroll in the joint degree program?
Tuition for the St Andrews William & Mary Joint Degree Programme does not change with the William & Mary Promise and will not be subject to a guarantee. Joint degree tuition remains separate.