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Annual Total Cost

The total sticker academic price and living expense for in-state Virginia residents to go to William & Mary is $31,650 for the 2015/2016 academic year. Out-of-state students who don't have Virginia residence can expect a one year cost of $52,794.

Undergraduate Student Fees

College of William and Mary tuition is $13,978 per year for in-state residents. This is 111% more expensive than the national average public four year tuition of $6,614. The cost is 25% cheaper than the average Virginia tuition of $18,514 for 4 year colleges. Tuition ranks 26th in Virginia amongst 4 year colleges for affordability and is the 49th most expensive 4 year college in the state. If attending from out-of-state, the tuition is $35,122 which represents a 151% premium.

The school charges an additional fees of $5,394 in addition to tuition bringing the total effective in-state tuition to $19,372.

Housing Costs

On campus room and board is provided by the school at a cost of $10,978 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 $1,300.

All price data are reprinted from the U.S. Department of Education's 2015-2016 and 2014-2015 IPEDS Survey and represent reported costs for the 2015-2016 and 2014-2015 academic years.

Costs and Tuition for College of William and Mary
Budget Item Cost
Virginia Resident Total Cost $31,650
   In-State Tuition$13,978
   Other Fees$5,394
   Room and Board$10,978
   Books and Supplies$1,300
Non-Resident Total Cost $52,794
   Out-of-State Tuition$35,122
   Other Fees$5,394
   Room and Board$10,978
   Books and Supplies$1,300

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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 $31,650 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 William & Mary net price for in-state students $12,406* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

35% of College of William and Mary students received grant aid in 2014/2015. The average total aid amount was $16,386. 10 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,377. 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$12,406*
Percent of Students Receiving Grant Aid35%
Average Total Grant Aid$16,386
Percent of Students Receiving Pell Grants10%
Average Amount of Pell Grant Aid$4,377

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 published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$5,136
$30,001 to $48,000$6,597
$48,001 to $75,000$9,528
$75,001 to $110,000$20,100
$110,000+$26,157

Average Financial Aid Mix - $31,650 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $31,650. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

52%
17%
32%

Grants and Scholarships

 52% - $16,386

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

 17% - $5,233

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

Out of Pocket

 32% -  $10,031

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 Academic Year 2014-2015 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 William & 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 87/100. This places the school 2nd 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 Similar Public Colleges in the Region

School Cost vs. College of William and Mary
University of Virginia Main Campus9.8% less expensive
University of North Carolina at Chapel Hill52.4% 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 William & Mary is $126,600 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 $158,250 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 2014-2015 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$6,989
Virginia Resident Total Cost Per Semester$15,825
Non-Virginia Resident Tuition Per Semester$17,561
Non-Virginia Resident Total Cost Per Semester$26,397

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$370
Cost for one class for Virginia residents (3 credit hours)$1,110
Price per credit hour for out of state residents$1,120
Cost for one class for out of state residents (3 credit hours)$3,360
Cost for one class for out of state residents (4 credit hours)$4,480

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. 26% of College of William and Mary students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,233. 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 $62,365.65. 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 35% 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$519.71
Amount Borrowed$50,640.00
Interest Rate4.3%
Term10 years
Number of Monthly Payments120
Total Interest Cost$11,725.65
Sum of All Payments over 10 years$62,365.65

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend William & 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 $62,365.65 would be needed to afford a $519.71 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 four years, this school's published in-state tuition and fee total rose from $8,270 to $13,978. This amounts to an average annual price increase of 17.3%. 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 $126,600.00. 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 2021$43,526$174,105
Estimated Cost in 10 years for students enrolling in 2026$55,552$222,206
Estimated Cost in 15 years for students enrolling in 2031 $70,899$283,598
Estimated Cost in 18 years for students enrolling in 2034 $82,075$328,300

Tuition History

What was tuition at William & 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 34% costlier
History, General Bachelor's Degree 39 37% costlier
Economics, General Bachelor's Degree 35 26% costlier
Political Science and Government, General Bachelor's Degree 34 35% costlier
Area Studies, Other Bachelor's Degree 28 11% costlier
Psychology, General Bachelor's Degree 26 40% costlier
Geology/Earth Science, General Bachelor's Degree 21 36% costlier
English Language and Literature, General Bachelor's Degree 21 40% costlier
Spanish Language and Literature Bachelor's Degree 13 30% costlier
Anthropology Bachelor's Degree 10 24% costlier
Mathematics, General Bachelor's Degree 10 37% costlier
Religion/Religious Studies Bachelor's Degree 10 18% costlier
Sociology Bachelor's Degree 9 36% costlier
Art/Art Studies, General Bachelor's Degree 8 43% costlier
Music, General Bachelor's Degree 7 36% costlier
Philosophy Bachelor's Degree 7 24% costlier
International Relations and Affairs Bachelor's Degree 7 20% costlier
Health and Physical Education/Fitness, General Bachelor's Degree 7 55% costlier
Business Administration and Management, General Bachelor's Degree 6 64% costlier
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 6 7% costlier
Public Policy Analysis, General Bachelor's Degree 5 2% costlier
Biology/Biological Sciences, General Bachelor's Degree 4 39% costlier
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 3 32% costlier
German Language and Literature Bachelor's Degree 3 19% costlier
Chinese Studies Bachelor's Degree 3 8% costlier
Physics, General Bachelor's Degree 3 28% costlier
French Language and Literature Bachelor's Degree 3 22% costlier
American/United States Studies/Civilization Bachelor's Degree 2 9% costlier
Chemistry, General Bachelor's Degree 2 35% costlier
Computer and Information Sciences, General Bachelor's Degree 2 52% 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 7,883 and part time is 554.  For the 2011/2012 school year, the school received 14,552 applicants. 4,805 were admitted and 1,511 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.

College of William and Mary cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=231624 IPEDS survey data.

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