Can You Afford William & Mary?

Concerned about paying for college? Take a look at William & Mary’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

Attendance Costs in 2020 - 2021 Varied Between $5,258 & $63,260

Worried about paying the full cost of $63,260 to attend William & Mary? That number can be deceiving, as the net amount most students will pay varies significantly.

For students living in Virginia, the school offers a discount of 50.1% off tuition and fees. Also, 42.5% of freshmen receive some form of financial aid, with the average amount totaling $20,591. Students from low-income families receive an average of $34,510 in aid during their first year.

Cost for Residents of Virginia (no aid)

Tuition and fees$23,362
+ Room and board$13,356
+ Other expenses$3,050
Total cost$39,768
Affordability Score (26 out of 100)
more expensive
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Net Price for Residents of Virginia (with average aid)

Total cost$39,768
- Grants and scholarships$20,591
Net price$19,177
Affordability Score (47 out of 100)
more expensive
less expensive

Average Net Price for Low Income Residents of Virginia

Total cost$39,768
- Grants and scholarships$34,510
Net price$5,258
Affordability Score (98 out of 100)
more expensive
less expensive

Cost for Non-Residents (no aid)

Tuition and fees$46,854
+ Room and board$13,356
+ Other expenses$3,050
Total cost$63,260
Affordability Score (7 out of 100)
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Net Price for Non-Residents (with average aid)

Total cost$63,260
- Grants and scholarships$20,591
Net price$42,669
Affordability Score (4 out of 100)
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Average Net Price for Low Income Non-Resident Undergraduates

Total cost$63,260
- Grants and scholarships$34,510
Net price$28,750
Affordability Score (15 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at William & Mary.

Projected Costs Between $11,891 and $388,671 For a Four Year Degree. Between $6,935 and $188,461 For a Two Year Degree.

It can be a bit scary to look at the total projected cost of a college education over the course of a multi-year degree, however, doing so will help you better understand the financial commitment you are making.

The overall cost for on-campus, in-state students to attend William & Mary in 2020 - 2021 was $39,768. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 6.5% each year.

If this trend continues, we expect the full cost for incoming freshmen to be $45,131 during their first year. By their senior year, that cost will be approximately $54,562, for a bachelor degree candidate ($48,078 for an associate degree candidate) for a total of $198,990 over the course of four years ($93,210 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

The cost for out-of-state students is more, with an overall expected four-year cost of $281,449 based on a yearly growth rate of 3.1%. The expected two-year cost is $136,471.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at William & Mary

Cost With Interest for Residents of Virginia

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*4.8%6.5%
Freshman year$3,758$21,062$45,131
Senior year$3,177$22,073$48,078
Total 2-year net price$6,935$43,135$93,210
10-year loan interest @ 6.8%$2,642$16,433$35,509
Total monthly payment$80$496$1,073
Total amount paid$9,577$59,568$128,719
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*4.8%6.5%
Freshman year$3,758$21,062$45,131
Senior year$2,271$24,243$54,562
Total 4-year net price$11,891$90,511$198,990
10-year loan interest @ 6.8%$4,530$34,481$75,808
Total monthly payment$137$1,042$2,290
Total amount paid$16,421$124,992$274,798

Cost With Interest for Out-Of-State Residents

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*1.0%3.1%
Freshman year$28,246$43,561$67,204
Senior year$27,998$44,014$69,267
Total 2-year net price$56,244$87,575$136,471
10-year loan interest @ 6.8%$21,427$33,363$51,990
Total monthly payment$647$1,008$1,571
Total amount paid$77,671$120,938$188,461
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*1.0%3.1%
Freshman year$28,246$43,561$67,204
Senior year$27,507$44,934$73,585
Total 4-year net price$111,502$176,982$281,449
10-year loan interest @ 6.8%$42,478$67,423$107,222
Total monthly payment$1,283$2,037$3,239
Total amount paid$153,980$244,405$388,671

Visit net price and financial aid to learn more about the total cost of attending William & Mary.

Further Questions to Consider

  • Do you know your deadlines?

    Meeting application deadlines for both the college and the FAFSA is crucial to getting financial aid.

  • When can you expect to begin receiving bills from the college?
  • Is there an option to make payments in monthly installments?

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