Virginia Military Institute

On average, colleges raise tuition about 3% each year.

If this makes attending the college of your dreams feel scary, remember, the "sticker price" of tuition does not mean much if you plan to use financial aid to help pay for college. Many students owe much less than the total tuition after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make thecost of college more manageable until you've finishing school and found a job.

Virginia Military Institute meets 89% of the demonstrated financial need for undergraduates. First-year students that attend Virginia Military Institute full-time are awarded $31,345 a year in financial aid, on average.

In 2020, students graduated with an average of $11,096 in student loans for each student with debt.

Does Virginia Military Institute Offer In-State and Out-of-State Tuition?

**Virginia Military Institute is a public, state institution, **

Public schools receive funds from the state to help them cover costs. Public insitutions often offer a lower cost of attendance for those who qualify as Virginia residents.

Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Don't forget to verify your state's requirements for as an in-state resident. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements too, depending on the state you and your parents currently reside in.

Explore other Virginia colleges

Tuition for International Students at Virginia Military Institute

Virginia Military Institute has the same tuition for international students as for those from out of state.

International students usually do not qualify for for loans or grants from the U.S. government, but should research private or Virginia Military Institute-specific grants, scholarships, and other funding opportunities.

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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Virginia Military Institute Living Expenses, Fees, and More

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In addition to the cost of tuition, room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Virginia Military Institute.

House and Food Costs at Virginia Military Institute

Board costs can depend on how many meals are included in the plan you choose.

How Much Do Books Cost at Virginia Military Institute?

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.

Annual Fees

The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.

There may be other costs associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges have resources for students who may struggle to participate because of cost can get help covering these costs.

Transportation costs

The total cost of transportation in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus small enough that you can easily walk from class-to-class?? Do you plan to bring a car or will you need to use busses, subways, or other modes of transportation? All of these questions can make a big difference in your transportation budget. Keeping in mind, first-year students are not allowed to park a car on campus.

Where are a college is located can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in an urban area might be costly, but cities may offer more buses, trains or affordable flights to actually get to school. The Virginia Military Institute campus is in a town in Virginia.

Other Costs

When creating a budget for college, be sure to take into account personal expenses, like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.

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Total Tuition and Expenses at Virginia Military Institute

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Now, let’s go over all of the costs we've covered, to get a better idea of the actual cost of attending Virginia Military Institute.

How Much Does Virginia Military Institute Cost?

What will the cost of attending Virginia Military Institute be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses

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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Virginia Military Institute Financial Aid

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The majority of Virginia Military Institute undergrads use financial aid to finance their education. In 2023, 792 of the 1,525 undergrads enrolled received financial aid. Virginia Military Institute meets 89% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $31,345 a year. Around 43% of Virginia Military Institute undergrads take out student loans to cover any remaining costs. Virginia Military Institute graduates who have student loans graduate with an average of $11,096 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$6,542
Private Loans	$16,899

Most Common Loans for Virginia Military Institute Students
Federal Loans	41%
Private loans	13%

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 Virginia Military Institute financial aid, keep reading, or visit their financial aid website.

Scholarships at Virginia Military Institute

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, Virginia Military Institute awarded 631 need-based scholarships to students, giving away total of $8.7 million to help students with financial need cover the cost of school. An additional $22.31 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Virginia Military Institute Net Cost

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 Virginia Military Institute 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 Virginia Military Institute was $31,345 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Virginia Military Institute seem more manageable.

What will attending Virginia Military Institute 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 make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Virginia Military Institute's net cost calculator on their website.

Virginia Military Institute Tuition Payment Plans

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

Virginia Military Institute does not have guaranteed tuition.

Virginia Military Institute offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Virginia Military Institute Tuition Waivers

Schools sometimes waiver tuition for certain groups, to reduce the total cost of attendance. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.

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

Virginia Military Institute'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.

Virginia Military Institute's endowment was valued at $648.7 million in 2023, compared to a national average of $905 million. For each full-time student, Virginia Military Institute spends about $17,890 a year.

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Learn More About Virginia Military Institute

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