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Tuition and Cost to Attend College of William and Mary

Annual Total Cost

The total list price for in-state Virginia residents to go to College of William and Mary is $26,479 for the 2013/2014 academic year. Out-of-state students who don't possess Virginia residence can expect a one year cost of $48,867.

Undergraduate Tuition

College of William and Mary tuition is $10,428 per year for in-state residents. This is 67% more expensive than the national average public four year tuition of $6,256. The cost is $7,222 and 41% cheaper than the average Virginia tuition of $17,650 for 4 year colleges. Tuition ranks 22nd in Virginia amongst 4 year colleges for affordability and is the 54th most expensive 4 year college in the state. If attending from out-of-state, the tuition is $32,816 which represents a 215% premium.

The school charges an additional fees of $5,035 in addition to tuition bringing the total effective in-state tuition to $15,463.

Housing Costs

On campus room and board is provided by the school at a cost of $9,816 per academic year. Students electing to live off campus elsewhere in Williamsburg should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,200.

Costs and Tuition for College of William and Mary
Expenditure Price
Virginia Resident Total Cost $26,479
   In-State Tuition$10,428
   Other Fees$5,035
   Room and Board$9,816
   Books and Supplies$1,200
Non-Resident Total Cost $48,867
   Out-of-State Tuition$32,816
   Other Fees$5,035
   Room and Board$9,816
   Books and Supplies$1,200

All price data are reprinted from the U.S. Department of Education's 2013-2014 and 2012-2013 IPEDS Survey and represent reported costs for the 2013-2014 and 2012-2013 academic years.

What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $26,479 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported College of William and Mary net price for in-state students receiving aid was $12,660* for the 2010/2011 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

44% of College of William and Mary students received grant aid in 2010/2011. The average total aid amount was $12,047. 13 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2010/2011 was $3,976. To apply for a Pell Grant to attend College of William and Mary, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for College of William and Mary
Financial Aid Summary
Average Annual Net Price$12,660*
Percent of Students Receiving Grant Aid44%
Average Total Grant Aid$12,047
Percent of Students Receiving Pell Grants13%
Average Amount of Pell Grant Aid$3,976

Average Net Price for In-State Students by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last reported for the 2011-2012 academic year.

Family Income Avg. Net Price
$0 to $30,000$3,528
$30,001 to $48,000$7,487
$48,001 to $75,000$13,837
$75,001 to $110,000$20,604
$110,000+$23,662

Average Financial Aid Mix - $26,479 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $26,479. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

45%
24%
30%

Grants and Scholarships

 45% - $12,047

Money granted to you by the U.S. Department of Education, College of William and Mary or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 24% - $6,402

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 30% -  $8,030

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.


Is it Worth the Cost?

To make a comparative assessment if College of William and Mary is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 95/100 for College of William and Mary. Considering an average net price paid of $12,660, this leads to an overall value ranking of 86/100. This places the school 12th on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Tuition Comparison to Academically Similar Schools in the Region

School Cost vs. College of William and Mary
University of Virginia Main Campus4% less expensive
University of North Carolina at Chapel Hill38.4% less expensive
United States Military Academy100% less expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at College of William and Mary.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at College of William and Mary is $105,916 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $12,660 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $50,640**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $132,395 or $63,300 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at College of William and Mary.

Virginia Resident Tuition Per Semester$5,214
Virginia Resident Total Cost Per Semester$13,240
Non-Virginia Resident Tuition Per Semester$16,408
Non-Virginia Resident Total Cost Per Semester$24,434

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at College of William and Mary are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at College of William and Mary
Price per credit hour for Virginia residents$286
Cost for one class for Virginia residents (3 credit hours)$858
Price per credit hour for out of state residents$985
Cost for one class for out of state residents (3 credit hours)$2,955
Cost for one class for out of state residents (4 credit hours)$3,940



Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 31% of College of William and Mary students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $6,402. The reported average student debt upon graduation is $24,400.

Example Loan Payments and Costs

How much are student loan payments for College of William and Mary? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $50,640, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $63,448.73. This could be your effective total out of pocket cost of an education at College of William and Mary. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 44% of students at this school who receive financial aid and you are paying an average annual net price of $12,660. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our College of William and Mary student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

College of William and Mary Student Loan Payments
Example Payments
Monthly Loan Payment$528.74
Amount Borrowed$50,640.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$12,808.73
Sum of All Payments over 10 years$63,448.73

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend College of William and Mary? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending College of William and Mary, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $63,448.73 would be needed to afford a $528.74 monthly payment in the example $50,640.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to College of William and Mary in the future? In the past five years, this school's published in-state tuition and fee total rose from $8,490 to $13,132. This amounts to an average annual price increase of 10.9%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 4 year cost of $105,916.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for College of William and Mary.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$36,415$145,659
Estimated Cost in 10 years for students enrolling in 2024$46,476$185,902
Estimated Cost in 15 years for students enrolling in 2029 $59,316$237,263
Estimated Cost in 18 years for students enrolling in 2032 $68,666$274,662

Tuition History

What was tuition at College of William and Mary five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases the past as it provides indication as to how the school may raise tuition in the next few years if you enrolled. Historical tuition and fees for all available data years back to 1988 follows.

YearIn-StateOut-of-stateAnnual Increase
2010$10,800$30,964 5.4%
2009$10,246$29,326 11.8%
2008$9,164$26,934 7.9%
2007$8,490$25,048 9.2%
2006$7,778$23,186 9.6%
2005$7,096$21,902 10.4%
2004$6,430$21,216 26.4%
2003$5,088$19,292 6.4%
2002$4,780$17,808 2%
2001$4,687$16,934 1.7%
2000$4,610$16,434 -11%
1999$5,178$16,138 2.9%
1998$5,032$15,404 2.6%
1997$4,906$14,916 3.5%
1996$4,738$14,428 4%
1995$4,556$13,468 3.2%
1994$4,414$12,604 9.1%
1993$4,046$11,426 8.5%
1992$3,730$10,450 6.1%
1991$3,514$9,207 -0.3%
1990$3,526$8,482 18.9%
1989$2,966$7,812 7.9%
1988$2,750$7,168 8.3%
1987$2,540$6,772

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at College of William and Mary to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 69 32% costlier
History, General Bachelor's Degree 39 35% costlier
Economics, General Bachelor's Degree 35 24% costlier
Political Science and Government, General Bachelor's Degree 34 33% costlier
Area Studies, Other Bachelor's Degree 28 10% costlier
Psychology, General Bachelor's Degree 26 37% costlier
Geology/Earth Science, General Bachelor's Degree 21 33% costlier
English Language and Literature, General Bachelor's Degree 21 37% costlier
Spanish Language and Literature Bachelor's Degree 13 28% costlier
Anthropology Bachelor's Degree 10 23% costlier
Mathematics, General Bachelor's Degree 10 35% costlier
Religion/Religious Studies Bachelor's Degree 10 17% costlier
Sociology Bachelor's Degree 9 34% costlier
Art/Art Studies, General Bachelor's Degree 8 40% costlier
Music, General Bachelor's Degree 7 34% costlier
Philosophy Bachelor's Degree 7 22% costlier
International Relations and Affairs Bachelor's Degree 7 18% costlier
Health and Physical Education/Fitness, General Bachelor's Degree 7 53% costlier
Business Administration and Management, General Bachelor's Degree 6 60% costlier
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 6 6% costlier
Public Policy Analysis, General Bachelor's Degree 5 1% costlier
Biology/Biological Sciences, General Bachelor's Degree 4 37% costlier
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 3 30% costlier
German Language and Literature Bachelor's Degree 3 18% costlier
Physics, General Bachelor's Degree 3 26% costlier
Chinese Studies Bachelor's Degree 3 7% costlier
French Language and Literature Bachelor's Degree 3 20% costlier
American/United States Studies/Civilization Bachelor's Degree 2 7% costlier
Chemistry, General Bachelor's Degree 2 33% costlier
Computer and Information Sciences, General Bachelor's Degree 2 50% costlier

Calculators

Use the calculators below to formulate a college savings plan for College of William and Mary or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford College of William and Mary in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a College of William and Mary student loan.

Prepayment Option

About College of William and Mary

College of William and Mary is a four year public college located in Williamsburg, Virginia.  Full time enrollment is 7,684 and part time is 516.  For the 2011/2012 school year, the school received 13,660 applicants. 4,394 were admitted and 1,467 enrolled.

Students attending this school may pursue both undergraduate and graduate degrees.

Address
College of William and Mary
200 Richmond Road
Williamsburg, Virginia
23187-8795

For Profit / Not For Profit Status

College of William and Mary is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.

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