W&M board votes on tuition hike today
It's April 24th. Also today: Learn about poverty in the Historic Triangle... and Clara Byrd fifth grader wins bus wrap contest.
Editor’s note: revising first paragraph to make clear the increase refers to overall cost, including room and board.
William & Mary’s Board of Visitors will vote today on raising the overall cost of attending the school, including tuition, room and board and fees, by 8.7% for in-state undergraduate students over the next two academic years.
Out-of-state students’ costs will increase at a slightly lower pace.
That’s because while tuition rates are significantly lower for in-state students, both groups pay the same amount in fees and room and board, which account for nearly half of what in-state students pay.
The board is also slated to approve the university’s budget for the fiscal year that begins July 1, up 3.4% to $616 million.
In-state students’ costs for full-time tuition, fees and room and board, will increase from $43,087 to $44,881 a year in the next academic year. They will increase in the 2027-2028 academic year to $46,825.
Out-of-state students’ costs will go from $69,356 this year to $71,895 next year and $74,606 the year after that.
The two groups’ tuition costs differ because the state subsidizes in-state student tuition. But there is no subsidy for fees to use facilities and attend events, or for room and board, so both student groups pay the same for those services, the university explained in a statement.
The university statement noted in-state tuition has increased by 10% over the past 16 years, well below the consumer price index increase of 27% over the same period of time. A third of the class of 2025 had federal loan debt, with a median debt of $20,500, the university stated.
Why a poverty simulation is coming to Williamsburg
By Nick McNamara, WHRO
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