WILLIAMSBURG, Va. (WAVY) – William & Mary announced on Friday they will increase tuition prices for students for 2025 and 2026.
According to staff at the school, the tuition increase will help to offset the effects of inflation. William & Mary states their effort to keep tuition rates flat during the COVID-19 pandemic was one of the longest for any public university in the country.
“William & Mary is committed to keeping tuition as low as possible while still fulfilling our mission. Inflation has made that incredibly challenging, and we are strongly committed to increasing affordability,” William & Mary President Katherine A. Rowe said. “So, we spend wisely on what matters most to students and families. William & Mary provides an outstanding on-campus experience; we are rapidly evolving the curriculum in liberal arts and sciences toward what global citizenship and professional life require today. We prepare students to land at their next destination confidently.”
The university’s Board of Visitors voted to raise undergraduate tuition for in-state students by 2.5% and 3.3% for out-of-state students. Total cost for in-state students for 2025 will increase $1,792 and by $1,699 in 2026. For out-of-state students, the cost will increase by $2,725 in 2025 and by $2,664 in 2026.
The budget priorities for the university can be found below:
- Enhancing student experience – including health and wellness
- Expanding affordability through financial aid and Pell Grant initiatives
- Transitioning to a new enterprise resource planning (ERP) system
- Advancing the housing and dining master plan
- Retaining faculty and staff talent through compensation increases
- Strengthening career services
According to William & Mary, approximately 80% of tuition costs go directly to support academic and student services, and about 90% of need-based aid for undergraduates will come from the university.
“Financial barriers should never prevent exceptional students from attending William & Mary and enjoying the lifelong benefits of earning their degree from this university,” vice president for strategy and innovation Jeremy P. Martin said. “We are committed to providing students and their families with affordable pathways to a William & Mary degree – and to sustaining the quality of education driving our graduates’ remarkable success.”
For more information on the tuition increase, visit William & Mary’s website here.
Continue to check WAVY.com for updates.
