In 2022, tuition for full-time William & Mary students was $17,434 a year for in-state students and $40,089 a year for out-of-state students.
Usually, colleges raise tuition about 3% each year.
If this information makes going to college sound impossible, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students find the actual cost of college is a lot less than the sticker price after grants, scholarships, and tuition discounts are awarded. Plus, student loans can make theactual cost of attending college feel more doable until you've finishing school and found a job.
Tuition for international students at William & Mary is $40,089 per year.
William & Mary is a public, state institution, so it offers a reduced tuition rate of $17,434 for students who qualify as state residents and attend full-time.Non-Virginia residents can expect to pay 40,089 per year for tuition.
Public colleges and universities receive funding from the state government. These institutions offer reduced tuition for students who are residents of that state.
Choosing a college where you qualify for in-state status can cut the cost of college tuition. Take the time to check your state's requirements for as an in-state resident. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria too, depending on where you live.
William And 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 $40,089 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.
Tuition is not the only cost of attending college; there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at William And Mary.
Room and board at William And Mary is $13,534 a year. This covers 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. Students who live off campus but would like to be able to eat in the campus dining can pay for a meal plan. The cost of board-only is $8,582.
Meal-plan costs can depend on the numnber of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The real cost of books and supplies depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
The majority of colleges also have fees to help cover the cost of facilties, like the library, gym and computer labs.
There may be optional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Many schools offer ways for students with demonstrated need to get help covering these costs.
The cost of transportation in college can really vary. Will you drive, fly, or take public transportation 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 own a car, or are you planning to use public transportation? All of these factors can make a big difference in your estimated cost of transportation. At William And Mary, freshman are not allowed to park on campus.
A school's location can also have a big effect on transportation costs. 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 a city is usually costly, but cities may offer more buses, trains and low-cost flight options to actually get to school. The William & Mary campus is in a small town setting in Virginia, not far from Richmond.
When estimating your budget for college, be sure to leave some room in your budget for personal expenses, like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s look at the breakdown of all expenses, to get a better estimate of how much students can expect to shell out for William And Mary.
What will the cost of attending William And Mary be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$13,534|
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.
In 2022, 2,253 of the 6,543 undergrads enrolled received financial aid. William And Mary meets 81% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $25,855 a year. Around 31% of William And Mary undergrads take out student loans to cover any remaining costs. William And Mary graduates who have student loans graduate with an average of $24,745 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for William And Mary Students|
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 And Mary financial aid, keep reading, or visit their financial aid website.
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 2022, William And Mary awarded 2,067 need-based scholarships to students, giving away total of $45.2 million to help students with financial need cover the cost of school. An additional $5.81 million in merit-based scholarship money was awarded to students without demonstrated financial need.
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 And 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 And Mary was $25,855 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of William And Mary seem more manageable.
|Estimated Net Cost for Full-Time Students|
|Net In-state, Off-campus||$6,081|
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 And 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 make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the William And Mary's net cost calculator on their website.
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.
Schools sometimes waiver tuition for certain groups, to offset the cost of attending. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition 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.
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