Virginia Military Institute

How much does it cost to attend?

In State Virginia Resident Sticker Price
$31,494
In State Costs for Virginia Military Institute
Fee Cost
Tuition$9,284
Books and Supplies$1,000
Other Fees$9,578
Room and Board $9,482
Other Expenses Budget$2,150
Out of State Resident Sticker Price
$58,338
Out of State Costs for Virginia Military Institute
Fee Cost
Tuition$36,128
Books and Supplies$1,000
Other Fees$9,578
Room and Board $9,482
Other Expenses Budget$2,150

Residents of Virginia pay an annual total price of $31,494 to attend Virginia Military Institute on a full time basis. This fee is comprised of $9,284 for tuition, $9,482 room and board, $1,000 for books and supplies and $9,578 for other fees.

Out of state residents are charged a total cost of $58,338 which is 85.2% higher than Virginia residents. The tuition charge is $36,128 while room and board is $9,482, books and supplies are $1,000 and other fees come in at $9,578.

All price data is sourced from the 2018/2019 U.S. Department of Education National Center for Education Statistics survey.

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Net Price

Net price is indicative of what it actually costs to attend Virginia Military Institute when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
$16,085
Net Price by Income Virginia Military Institute
Family Income Net Price Paid
$0 to $30,000$5,409
$30,001 to $48,000$7,816
$48,001 to $75,000$9,422
$75,001 to $110,000$19,934
$110,000+$23,939

The average reported annual net price for Virginia Military Institute for students receiving grants or scholarship aid was $16,085 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

Finanical Aid Virginia Military Institute
Type Avg./Student Students Receiving
Annual Total Grant Aid $14,434 69%
Pell Grant $4,416 13%
Federal Student Loan $5,600 74%

The average reported annual net price for Virginia Military Institute for students receiving grants or scholarship aid was $16,085 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Virginia Military Institute, we've modeled a ten year student loan with an original principal value of $54,980. The loan balance of $54,980 is a four year multiple of the $13,745 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $571 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.529%.

Example Loan $54,980
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $570.57
Total Interest Paid $13,488.74
Sum of All Loan Payments $68,468.74

Projected 4 Year Degree Price

4 Year Sticker Price
$125,976
Year Virginia Residents Non Residents
1 $31,494 $58,338
2 $33,695 $62,415
3 $36,050 $66,777
4 $38,569 $71,443

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Virginia Military Institute to be $125,976 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 4 years which has been the recent trend for this school.

Tuition Payment Plans Available

Virginia Military Institute Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=234085 IPEDS survey data for Virginia Military Institute.