In 2022, Virginia Military Institute's tuition was $10,076 a year for in-state students and $39,590 a year for out-of-state students.
Usually, college tuition rises about 3% year.
If this makes attending the college of your dreams sound impossible, remember, the advertized cost of tuition doesn't always give you all the info you need to know how much you will actually have to pay for college. Many students pay a lot less than the total tuition after grants, scholarships, and tuition discounts are applied. Plus, student loans can make theactual cost of attending college more manageable until you've finishing school and found a job.
International students can expect to pay 39,590 per year for tuition at Virginia Military Institute.
Virginia Military Institute is a public, state institution, so it offers a reduced tuition rate of $10,076 for students who qualify as state residents and attend full-time. For students who are not considered Virginia-residents, out-of-state tuition is $39,590 a year.
Public schools receive funds from the state to help them cover costs. These institutions offer a lower cost of attendance 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 in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be other criteria as well, depending on the state you and your parents currently reside in.
Explore other Virginia colleges
Virginia Military Institute has the same tuition for international students as for those from out of state.
International students at Virginia Military Institute usually pay around $39,590 per year, before any scholarships, grants or other financial aid.
Students from outside of the U.S. are not eligible for loans or grants from the U.S. government, but should research private or Virginia Military Institute-specific aid and scholarships.
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
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 Virginia Military Institute.
Room and board at Virginia Military Institute is $10,674 a year. This number covers the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat all or some of your meals the school dining halls.
Board costs vary based on on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The actual 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.
The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
There may be additional fees associated with participating in special activities, like Greek Life, or participating in sports or other extracurriculars. Many schools have ways for students with demonstrated need to get help covering these fees.
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 will you need to use busses, subways, or other modes of transportation? All of these questions can drastically impact your transportation budget. Keeping in mind, first-year students are not allowed to park a car on campus.
The location of a college or university 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 other hand getting around in a city can be pricey, but cities may offer more trains, busses or low-cost flight options to actually get to school. Virginia Military Instituteis located in a small town setting in Virginia.
When budgeting for college, don’t forget to take into account the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
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 Virginia Military Institute.
What will the cost of attending Virginia Military Institute be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$10,674|
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.
The majority of Virginia Military Institute undergrads use financial aid to help pay for school. In 2022, 998 of the 1,652 undergrads enrolled received financial aid. Virginia Military Institute meets 87% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $32,462 a year. Around 50% 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 $11,425 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for Virginia Military Institute 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 Virginia Military Institute 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, Virginia Military Institute awarded 668 need-based scholarships to students, giving away total of $8.2 million to help students with financial need cover the cost of school. An additional $22.71 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 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 $32,462 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Virginia Military Institute seem more manageable.
|Estimated Net Cost for Full-Time Students|
|Net In-state, Off-campus||$-11,054|
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 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 understand 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.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
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.
Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. Some colleges offer tuition waivers for employees and their family members, 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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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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