The W&M Board of Visitors sets the incoming freshman in-state tuition in the fall and 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?
At its April 2013 meeting, the Board of Visitors adopted a guaranteed-tuition plan for in-state students. The guaranteed rate resets for each entering class and then remains constant for all four years of undergraduate study. The tuition for in-state freshmen in fall 2018 will be $17,434 – and will not increase again over the next four years for this entering class.
So the tuition guarantee under the W&M Promise is for four years?
Yes. There will be some exceptions where an undergraduate needs to take longer to finish (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 will continue to be 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?
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?
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.
How does the W&M Promise impact Virginia students with family incomes less than $40,000?
The W&M Promise replaced the Gateway program and expanded available aid to Virginia families. Nothing has changed for in-state freshmen who previously would have qualified for Gateway with annual household incomes of $40,000 or less. Although no longer called Gateway, 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.
The W&M Promise continues a long-term commitment by the university to provide no loan, all grant financial aid packages for students from these income levels.
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 will be 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.