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Washington and Lee Tuition & Cost

Lexington, Virginia

 3 Reviews

How much does it cost to attend?

Sticker Price
$73,900
Costs for Washington and Lee University
Fee Cost
Tuition$53,730
Books and Supplies$2,010
Other Fees$1,100
Room and Board $14,845
Other Expenses Budget$2,215

Annual Prices

The annual list price to attend Washington and Lee University on a full time basis for 2018/2019 is $73,900 for all students regardless of their residency. This fee is comprised of $53,730 for tuition, $14,845 room and board, $2,010 for books and supplies and $1,100 for other fees. Out of state tuition for Washington and Lee University is $53,730, the same as Virginia residents.

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 Washington and Lee University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$23,301
Net Price by Income Washington and Lee University
Family Income Net Price Paid
$0 to $30,000$1,612
$30,001 to $48,000$2,039
$48,001 to $75,000$4,718
$75,001 to $110,000$13,920
$110,000+$38,630

The average reported annual net price for Washington and Lee University for students receiving grants or scholarship aid was $23,301 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

62% of full-time undergrad Washington and Lee University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $47,199 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 20% of students received Federal Student Loans averaging $4,626 and 4% of undergrads took out private student loans averaging $12,133.

Finanical Aid Washington and Lee University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $47,199 62%
Institutional Grants and Scholarships $49,042 57%
Pell Grants $4,178 14%
Other Federal Grants $2,240 11%
State and Local Grants $3,270 16%
Federal Student Loans $4,626 20%
Other Student Loans $12,133 4%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Washington and Lee University, we've modeled a ten year student loan with an original principal value of $82,340. The loan balance of $82,340 is a four year multiple of the $20,585 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 $786 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 $82,340
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $785.61
Total Interest Paid $11,933.73
Sum of All Loan Payments $94,273.73

Projected 4 Year Degree Price

4 Year Sticker Price
$295,600
Year All Residents
1 $73,900
2 $76,902
3 $80,025
4 $83,276

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Washington and Lee University to be $295,600 - assuming graduation in normal time. The estimation assumes a 4.1% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Washington and Lee University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,791 $5,373 $7,164

Estimated cost for a class at Washington and Lee University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Washington and Lee University versus other colleges.

Tuition Payment Plans Available

Washington and Lee University 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=234207 IPEDS survey data for Washington and Lee University.