Financial Aid

W & M renews four-year tuition price guarantee

W & M renews four-year tuition price guarantee

The College of William and Mary's board approved a measure Friday guaranteeing a set tuition rate for incoming 2016 freshmen from Virginia.

The move advances the "W & M Promise," a financial model adopted by the university in 2013 for another year, giving families a chance to budget and plan for college expenses, W&M Rector Todd Stottlemyer said.

"Predictability is very important when planning a budget," said Stottlemyer, in a news release. "We have found that Virginia families and students appreciate the ability to plan well in advance knowing that their in-state tuition rate won't change."

The $15,674 tuition rate is for...