#4 Best Public Universities in Virginia

VMI Tuition & Cost

Lexington, Virginia

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How much does it cost to attend?

In State Virginia Resident Sticker Price
In State Costs for Virginia Military Institute
Fee Cost
Books and Supplies$1,000
Other Fees$9,834
Room and Board $9,766
Other Expenses Budget$2,150
Out of State Resident Sticker Price
Out of State Costs for Virginia Military Institute
Fee Cost
Books and Supplies$1,000
Other Fees$9,834
Room and Board $9,766
Other Expenses Budget$2,150

Residents of Virginia pay an annual total price of $32,034 to attend Virginia Military Institute on a full time basis. This fee is comprised of $9,284 for tuition, $9,766 room and board, $1,000 for books and supplies and $9,834 for other fees.

Out of state residents are charged a total cost of $58,878 which is 83.8% higher than Virginia residents. The tuition charge is $36,128 while room and board is $9,766, books and supplies are $1,000 and other fees come in at $9,834.

All price data is sourced from the 2019/2020 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 2018/2019
Net Price by Income Virginia Military Institute
Family Income Net Price Paid
$0 to $30,000$8,789
$30,001 to $48,000$6,604
$48,001 to $75,000$10,362
$75,001 to $110,000$15,615

The average reported annual net price for Virginia Military Institute for students receiving grants or scholarship aid was $13,428 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

68% of full-time undergrad Virginia Military Institute received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $16,807 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 78% of students received Federal Student Loans averaging $2,997 and 15% of undergrads took out private student loans averaging $17,381.

Finanical Aid Virginia Military Institute
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $16,807 68%
Institutional Grants and Scholarships $13,729 68%
Pell Grants $4,502 15%
Other Federal Grants $2,499 3%
State and Local Grants $7,558 19%
Federal Student Loans $2,997 78%
Other Student Loans $17,381 15%

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 $525 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 2.75%.

Example Loan $54,980
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $524.57
Total Interest Paid $7,968.38
Sum of All Loan Payments $62,948.38

Projected 4 Year Degree Price

4 Year Sticker Price
Year Virginia Residents Non Residents
1 $32,034 $58,878
2 $33,560 $61,683
3 $35,159 $64,621
4 $36,834 $67,700

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 $128,136 - assuming graduation in normal time. The estimation assumes a 4.8% 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.