William & Mary

In 2022, tuition for full-time students at William And Mary was $18,252 a year for in-state students and $42,053 a year for out-of-state students.

Usually, college tuition rises about 3% year.

If these numbers feel scary, remember, the displayed price of tuition does not always give you all the info you need to know how much you will actually have to pay for college. Many students find the actual cost of college is much less than the total tuition after grants, scholarships, and tuition discounts kick in. Plus, student loans can make thecost of college more manageable until after graduation.

International students can expect to pay 42,053 per year for tuition at William & Mary.

William & Mary meets 82% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at William & Mary is around $26,972 a year.

In 2020, students graduated with an average of $27,866 in student loans for each student with debt.

William & Mary: In-state vs. Out-of-State Tuition

William & Mary is a public, state institution, so it offers a reduced tuition rate of $18,252 for in-state students who attend full-time. For non-Virginia residents, out-of-state tuition is $42,053 a year.

Public colleges and universities receive funding from the state government. These institutions offer a lower cost of attendance for those who qualify as Virginia residents.

Choosing an insitution where you are eligible for the reduced tuition offered to state residentscan save students a lot of money on the total cost of attending college. Take the time to confirm your state's rules for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements as well, depending on where you live.

Explore other Virginia colleges

Tuition for International Students at William & Mary

William & Mary has the same tuition for international students as for those from out of state.

International students at William & Mary can expect to pay around $42,053 per year, before any scholarships or financial aid.

International students usually do not qualify for for loans or grants from the U.S. government, but should research private or school-specific aid and scholarships.

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William & Mary Housing Expenses, Fees, and More

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In addition to tuition, room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at William & Mary.

House and Food Costs at William & Mary

Housing and campus dining at William & Mary is $14,555 a year. This includes the cost of living in dorms or other on-campus housing, and a dining plan that enables you to eat in the school dining facilities.

Board costs vary based on on the number of meals you intend to eat on-campus

Cost of Books at William & Mary

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Yearly Fees

Most schools also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.

Keep in mind, there could also be additional fees associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools offer ways for students who may struggle to participate because of cost can find ways to lower or eliminate these costs.

Transportation costs

The cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you own a car, or will you need to use public transportation? All of these factors can make a big difference in your transportation budget. At William & Mary, freshman are not allowed to park on campus.

A school's location can also have a big effect on your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area can be costly, but there may be more buses, trains and low-cost flight options to actually get to school. William & Maryis located in a town in Virginia, near Richmond.

Other Costs

When budgeting for college, don’t forget to factor in the cost of things like entertainment, clothes, furnishings and toiletries.

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Financial Breakdown for William & Mary

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Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of how much students can expect to shell out for William & Mary.

How Much Does William & Mary Cost?

What will the cost of attending William & Mary be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
In-state Tuition	$18,252
Out-of-State Tuition	$42,053
Room and Board	$14,555

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Tuition and fees may vary depending on program, course level, location, and more.

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Financial Aid at William & Mary

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In 2023, 2,365 of the 6,801 undergrads enrolled received financial aid. William & Mary meets 82% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $26,972 a year. Around 33% of William & Mary undergrads take out student loans to cover any remaining costs. William & Mary graduates who have student loans graduate with an average of $27,866 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$17,853
Private Loans	$50,950

Most Common Loans for William & Mary Students
Federal Loans	31%
Private loans	7%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on William & Mary financial aid, keep reading, or visit their financial aid website.

Scholarships at William & Mary

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, William & Mary awarded 2,171 need-based scholarships to students, giving away total of $49.8 million to help students with financial need cover the cost of school. An additional $5.95 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of William & Mary

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for William & Mary students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at William & Mary was $26,972 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of William & Mary seem more manageable.

Estimated Net Cost for Full-Time Students
In-State, On-Campus	$-14,349
Net In-state, Off-campus	$-1,932
Out-of-State, On-Campus	$36,424

Note: a negative number can indicate that a refund will be given to use toward other expenses such as housing, fees, and books. In such cases, be sure to reach out to the school directly for any clarification or questions.

What will attending William & Mary really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the William & Mary's net cost calculator on their website.

William & Mary Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

William And Mary Tuition Waivers

Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.

Check the financial aid website for more information on payment plans and tuition waivers.

William & Mary's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

William & Mary's endowment was valued at $1.302 billion in 2023, compared to a national average of $905 million. The school spends $14,531 for each full-time student enrolled.

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Learn More About William & Mary

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