Tuition for Virginia residents attending William & Mary rose by 0.7% during the 2022-23 school year, based on the most recent data available, according to the latest disclosure from the National Center for Education Statistics.
For the current academic year, in-state students paid $23,970 to attend the public four-year university, which is $158 higher than the $23,812 charged in 2021-22.
Non-resident students were charged $47,196 in 2022-23, representing a 96.9% premium over in-state tuition. This amount increased by 0.3% from $47,038 in the previous year.
Virginia residents make up approximately 58% of the undergraduate body at William & Mary, while students from other states account for about 36%, and international students represent 4%.
Data indicates that 54% of full-time undergraduates who enrolled in 2022-23 received some form of financial aid. Among them, 665 students were awarded grants or scholarships totaling $13.9 million, and 405 students obtained loans exceeding $3.9 million.
Across all undergraduates, 3,379 students received grants or scholarships amounting to $72.6 million, while 1,587 students borrowed $9.7 million in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the William & Mary in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 149 | 9% | $917,869 | $6,160 |
| State / local grant or scholarship | 177 | 11% | $1.9 million | $10,467 |
| Institutional grants or scholarships | 623 | 38% | $11.1 million | $17,871 |
| Grant or scholarship aid total | 665 | 40% | $13.9 million | $20,908 |
| Federal student loans | 338 | 21% | $2 million | $5,930 |
| Other student loans | 73 | 4% | $1.9 million | $26,610 |
| Student loan aid | 405 | 25% | $3.9 million | $9,746 |
| Total student aid | 888 | 54% | $17.9 million | $20,102 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
