W&M finance officials recommend no tuition hike for incoming students

Staff writer

William and Mary Finance and Administration will recommend the current tuition rate stay the same for incoming in-state freshmen.

The Board of Visitors at William and Mary will consider this recommendation, as well as the possibility of an up to five percent tuition increase for incoming in-state freshmen and transfer students.

They will make the final decision on April 26, as part of approving the 2020 Operating Budget.

Current freshmen at the college pay $17,434 in tuition, about $1,000 more than the year before. Fees and room and board remained the same at an additional $18,000 a year.

The board also will consider an increase in mandatory fees of between zero and four percent for all students and a tuition increase of 2.5 to 3.5 percent for incoming out-of-state students.

Sam Jones, the senior vice president for finance and administration said in November, the board approved a potential 5.4 percent increase in tuition which could amount to an additional $954 a year or about $4,000 total for four years, for incoming students. However, the state ended up providing extra funding.

“Our recommendation to the board will be, take the state money, drop that 5.4 to zero so the incoming student this fall will pay the same as an incoming student last fall,” Jones said. “I’m confident the board will accept that.”

The board held a meeting on March 28 to serve as a public comment session for possible changes to tuition and fees it will consider. Partners for College Affordability and Public Trust was present to advocate for a tuition freeze for incoming students.

Current undergraduate students at the college have a four-year tuition guarantee known as the William and Mary Promise. Other costs such as fees and room and board are subject to change each year.

Martin can be reached at (757)-243-3685, by email at sararose.martin@vagazette.com or on Twitter at @SaraRoseMartin.

Copyright © 2019, The Virginia Gazette
68°