Annual Aid Stats
William & Mary offers a comprehensive financial aid program to help students fund their education. Approximately 41% of the total entering 2021-22 student class received need-based grants as part of their financial aid offer.
W&M Overall Aid
| Financial Aid, 2021-22 | In-State | Out-of-State |
|---|---|---|
| Entering freshman receiving any type of aid | 65% | 65% |
| Entering freshmen receiving need-based aid | 51% | 30% |
| Percentage of entering students receiving loans (excluding parent and private loans) | 32% | 28% |
| Average aid offer of entering students receiving need-based aid | $27,426 | $25,812 |
| Average need-based grant of entering students receiving need-based aid | $22,087 | $18,572 |
| Average indebtedness of 2019-20 graduates (excludes parent and private loans) | $18,502 | $18,572 |
In-State Student Aid
Scholarship & Grant Recipients
Average net price for full-time entering undergraduate students who paid the in-state tuition rate and were awarded grants or scholarship aid from federal, state or local governments or William & Mary.
| 2019-2020 | 2020-2021 | 2021-2022 | |
|---|---|---|---|
| Average Net Price | $18,588 | $18,399 | $25,688 |
The average net price is generated by subtracting the average amount of federal, state/local government, or institutional grant or scholarship aid from the total cost of attendance. The total cost of attendance is the sum of published in-state tuition and required fees for in-state students, books and supplies, and the weighted average for room and board and other expenses.
Federal Title IV Aid Recipients
Average net price for full-time entering undergraduate students who paid the in-state tuition rate and were awarded federal Title IV aid.
| Average Net Price by Income | 2019-2020 | 2020-2021 | 2021-2022 |
|---|---|---|---|
| $0-30,000 | $5,972 | $3,579 | $2,580 |
| $30,001-$48,000 | $7,507 | $5,717 | $4,577 |
| $48,001-$75,000 | $10,995 | $10,665 | $8,405 |
| $75,001-110,000 | $19,472 | $17,295 | $19,584 |
| $100,001 and more | $34,020 | $34,686 | $35,267 |
Title IV aid to students includes grant aid, work-study aid, and loan aid. These include: Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Academic Competitiveness Grant (ACG), National Science and Mathematics Access to Retain Talent Grant (National SMART Grant), Teacher Education Assistance for College and Higher Education (TEACH) Grant, Federal Work-Study, Federal Perkins Loan, Subsidized Direct or FFEL Stafford Loan, and Unsubsidized Direct or FFEL Stafford Loan. For those Title IV recipients, the net price is reported by income category and includes students who received federal aid even if none of that aid was provided in the form of grants. While Title IV status defines the cohort of students for which the data are reported, the definition of net price remains the same – total cost of attendance minus grant aid.
