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 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 increases will be limited to 3% or less 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 tuition that will not exceed 3% increases annually. Exceptions to this policy will be reviewed on a case-by-case basis. Learn more about the review process.
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 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.
Transfer out-of-state students
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.