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Annual Costs

Undergraduate Tuition

Virginia Tech tuition is $11,093 per year for in-state residents. This is 57% more expensive than the national average public four year tuition of $7,056. The cost is 45% cheaper than the average Virginia tuition of $20,337 for 4 year colleges. Tuition ranks 19th in Virginia amongst 4 year colleges for affordability and is the 40th most expensive 4 year college in the state. If attending from out-of-state, the tuition is $28,273 which represents a 155% premium.

The school charges an additional fees of $2,137 in addition to tuition bringing the total effective in-state tuition to $13,230.

Housing Costs

On campus room and board is provided by the school at a cost of $8,920 per academic year. Students electing to live off campus elsewhere in Blacksburg should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,150.

Other Living Expenses

If living on-campus, students should budget for $2,940 in additional living expenses. Off-campus students should budget for $2,940 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state Virginia residents to go to Virginia Tech is $26,240 for the 2017/2018 academic year. Out-of-state students who don't have Virginia residence can expect a one year cost of $43,420.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for Virginia Tech and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Virginia Tech
Estimated Budgets
Virginia Resident Total Budget $26,240
   In-State Tuition$11,093
   Other Fees$2,137
   Room and Board$8,920
   On-Campus Other Budget$2,940
   Books and Supplies$1,150
Non-Resident Total Budget $43,420
   Out-of-State Tuition$28,273
   Other Fees$2,137
   Room and Board$8,920
   On-Campus Other Budget$2,940
   Books and Supplies$1,150

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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 $26,240 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 Virginia Tech net price for in-state students is $18,398* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

45% of Virginia Tech students received grant aid in 2014/2015. The average total aid amount was $8,296. 15 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 $4,191. To apply for a Pell Grant to attend Virginia Tech, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Virginia Tech
Financial Aid Summary
Average Annual Net Price$18,398*
Percent of Students Receiving Grant Aid45%
Average Total Grant Aid$8,296
Percent of Students Receiving Pell Grants15%
Average Amount of Pell Grant Aid$4,191

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$12,446
$30,001 to $48,000$14,614
$48,001 to $75,000$18,113
$75,001 to $110,000$22,517
$110,000+$24,862

Average Financial Aid Mix - $26,240 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $26,240. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

36%
25%
39%

Grants and Scholarships

 36% - $8,296

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

Federal Loans

 25% - $5,875

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

Out of Pocket

 39% -  $9,129

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 Virginia Tech 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 73/100 for Virginia Tech. Considering an average net price paid of $17,631, this leads to an overall value ranking of 74/100. This places the school 81st 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. Virginia Tech
University of North Carolina School of the Arts41.4% less expensive
Christopher Newport University25.8% less expensive
University of South Carolina Columbia3.3% more expensive
University of Maryland Baltimore County24.6% less expensive
United States Naval 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 Virginia Tech.

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 Virginia Tech is $104,960 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 $17,631 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $70,524**

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 $131,200 or $88,155 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 Virginia Tech.

Virginia Resident Tuition Per Semester$5,546
Virginia Resident Total Cost Per Semester$13,120
Non-Virginia Resident Tuition Per Semester$14,136
Non-Virginia Resident Total Cost Per Semester$21,710

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 Virginia Tech 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 Virginia Tech
Price per credit hour for Virginia residents$462
Cost for one class for Virginia residents (3 credit hours)$1,386
Price per credit hour for out of state residents$1,178
Cost for one class for out of state residents (3 credit hours)$3,534
Cost for one class for out of state residents (4 credit hours)$4,712

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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. 39% of Virginia Tech students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,875. The reported average student debt upon graduation is $26,925.

Example Loan Payments and Costs

How much are student loan payments for Virginia Tech? 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 $70,524, 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 $87,504.11. This could be your effective total out of pocket cost of an education at Virginia Tech. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 45% of students at this school who receive financial aid and you are paying an average annual net price of $17,631. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Virginia Tech 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.

Virginia Tech Student Loan Payments
Example Payments
Monthly Loan Payment$729.20
Amount Borrowed$70,524.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$16,980.11
Sum of All Payments over 10 years$87,504.11

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Virginia Tech? 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 Virginia Tech, 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 $87,504.11 would be needed to afford a $729.20 monthly payment in the example $70,524.00 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 Virginia Tech in the future? In the past four years, this school's published in-state tuition and fee total rose from $9,187 to $11,093. This amounts to an average annual price increase of 4.1%. 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 $104,960.00. 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 Virginia Tech.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$36,086$144,344
Estimated Cost in 10 years for students enrolling in 2029$46,056$184,224
Estimated Cost in 15 years for students enrolling in 2034 $58,780$235,122
Estimated Cost in 18 years for students enrolling in 2037 $68,046$272,183

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Virginia Tech 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
Mechanical Engineering Bachelor's Degree 296 2% costlier
Industrial Engineering Bachelor's Degree 119 8% costlier
Forestry, General Bachelor's Degree 115 18% costlier
Architecture Bachelor's Degree 106 9% cheaper
Chemical Engineering Bachelor's Degree 105 5% cheaper
Aerospace, Aeronautical and Astronautical/Space Engineering Bachelor's Degree 100 5% cheaper
Computer and Information Sciences, General Bachelor's Degree 95 18% costlier
Management Science Bachelor's Degree 92 5% costlier
Computer Engineering, General Bachelor's Degree 74 2% costlier
Construction Management Bachelor's Degree 57 23% costlier
Agricultural Production Operations, General Associate's Degree 43 141% costlier
Agricultural Economics Bachelor's Degree 38 14% costlier
Industrial and Product Design Bachelor's Degree 37 3% cheaper
Environmental Science Bachelor's Degree 36 1% costlier
Foreign Languages and Literatures, General Bachelor's Degree 34 9% costlier
Mining and Mineral Engineering Bachelor's Degree 33 15% costlier
Interior Design Bachelor's Degree 30 12% costlier
Environmental Studies Bachelor's Degree 29 11% cheaper
Materials Engineering Bachelor's Degree 29 10% cheaper
Business/Managerial Economics Bachelor's Degree 28 8% costlier
Engineering Mechanics Bachelor's Degree 27 9% costlier
Horticultural Science Bachelor's Degree 24 18% costlier
Agricultural Engineering Bachelor's Degree 24 5% costlier
Business Administration and Management, General Bachelor's Degree 22 26% costlier
Psychology, General Bachelor's Degree 21 7% costlier
Food Science Bachelor's Degree 21 11% costlier
Physics, General Bachelor's Degree 19 1% cheaper
Music, General Bachelor's Degree 18 5% costlier
Marketing/Marketing Management, General Bachelor's Degree 17 19% costlier
Dairy Science Bachelor's Degree 17 17% costlier
Agriculture, General Bachelor's Degree 16 32% costlier
Agronomy and Crop Science Bachelor's Degree 16 21% costlier
Geology/Earth Science, General Bachelor's Degree 15 5% costlier
Sociology Bachelor's Degree 15 5% costlier
Philosophy Bachelor's Degree 15 4% cheaper
Finance, General Bachelor's Degree 13 17% costlier
Landscape Architecture Bachelor's Degree 12 6% costlier
Science, Technology and Society Bachelor's Degree 12 23% cheaper
History, General Bachelor's Degree 8 6% costlier
Political Science and Government, General Bachelor's Degree 8 4% costlier
Biochemistry Bachelor's Degree 8 7% cheaper
Accounting Bachelor's Degree 6 17% costlier
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 6 2% costlier
Speech Communication and Rhetoric Bachelor's Degree 6 9% costlier
Animal Sciences, General Bachelor's Degree 5 19% costlier
Agribusiness/Agricultural Business Operations Bachelor's Degree 5 45% costlier
English Language and Literature, General Bachelor's Degree 3 8% costlier
International Relations and Affairs Bachelor's Degree 3 8% cheaper
Biology/Biological Sciences, General Bachelor's Degree 3 7% costlier
Mathematics, General Bachelor's Degree 3 6% costlier
Art/Art Studies, General Bachelor's Degree 3 11% costlier
Chemistry, General Bachelor's Degree 3 4% costlier
Civil Engineering, General Bachelor's Degree 3 2% costlier
Hospitality Administration/Management, General Bachelor's Degree 2 20% costlier
Business Family and Consumer Sciences/Human Sciences Bachelor's Degree 2 18% costlier
Human Development and Family Studies, General Bachelor's Degree 2 17% costlier
Liberal Arts and Sciences/Liberal Studies Bachelor's Degree 2 8% costlier
Construction Engineering Bachelor's Degree 2 13% costlier
Public Policy Analysis, General Bachelor's Degree 2 22% cheaper
Statistics, General Bachelor's Degree 2 3% cheaper
Electrical and Electronics Engineering Bachelor's Degree 2 3% costlier
Economics, General Bachelor's Degree 1 3% cheaper
Geography Bachelor's Degree 1 17% costlier
Foods, Nutrition, and Wellness Studies, General Bachelor's Degree 1 17% costlier
Applied Economics Bachelor's Degree 1 4% cheaper

Calculators

Use the calculators below to formulate a college savings plan for Virginia Tech 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 Virginia Tech 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 Virginia Tech student loan.

Prepayment Option

About Virginia Tech

Virginia Tech is a four year public college located in Blacksburg, Virginia.  Full time enrollment is 30,310 and part time is 2,860.

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

Address
Virginia Tech
222 Burruss Hall
Blacksburg, Virginia
24061-0131

For Profit / Not For Profit Status

Virginia Tech 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.

Virginia Tech cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=233921 IPEDS survey data.