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Washington and Lee university, in Lexington, Virginia, is a private, not-for-profit university. The town itself isn’t particularly close to the university. Students who want to go to Lexington will have to drive for a few minutes before they get to the town itself. However, campus housing is provided for students, which means they won’t have to commute back and forth to school. Even so, students should be able to find leisure activities they enjoy in town once they are done with their studies.
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Overview of Washington and Lee University (W&L)
The university’s Carnegie classification focuses most on its baccalaureate colleges Arts and Sciences programs. Washington and Lee University (W&L) accepts both dual credit students, students still in high school who want to earn high school and university credits at the same time, and advanced placement exam scores for credits.
The faculty is quite small, 240 instructors, putting the student-to-faculty ratio sits at 8 to 1.
Washington and Lee, which was founded before the birth of the US in 1749, is well established as an educational institution of value. The student population is small, just as the faculty is small. Total student enrollment is 2,223; undergraduate students make up the bulk of the student body at 1,829 or 82% and graduate students make up the remainder of the student body at 394 students or 18%.
|School Type||Private not-for-profit|
|Campus Setting||Town: Distant|
|Student Faculty Ratio||8:1|
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W&L Acceptance Rate and Admissions
|High School GPA||Recommended|
|High School Rank||Recommended|
|High School Transcripts||Required|
|College Prep Courses||Required|
|TOEFL (Test of English as a Foreign Language)||Recommended|
|Application Deadline||January 1|
|Common Application Accepted||Yes|
W&L Tuition Cost & Financial Aid
The sticker price for education at Washington and Lee University, which includes tuition, books, supplies, room/board, and other expenses, comes up to $73,900. This is likely to seem quite high for many families.
Financial aid (federal and institutional) can help. Once all financial aid has been applied to the total cost of attendance, the average net price in a recent academic year was $21,919. Broken down by family income, you can see how much you might end up being responsible for below.
- Families earning up to $30,000 pay around $706
- Families earning between $30,001 and $48,000 pay around $1,920
- Families earning between $48,001 and $75,000 pay around $7,039
- Families earning between $75,001 and $110,000 pay around $14,439
- Families earning more than $110,001 pay around $41,186
First-year students who apply for financial aid number 301, or 64% of the student body. Grants and scholarships are awarded to 263, or 56% of students. The average award amount is $45,232. Students receiving institutional grants and scholarships number 245, or 52%, and they receive an average of $46,265.
|Average net price||2017-2018|
|Average Total Aid||$45,232|
|Students Receiving Financial Aid||64%|
|Room & Board||$14,845|
- Tuition In-State - $54,830
- Tuition Out-of-State - $54,830
- Books and Supplies - $2,010
- Room & Board - $14,845
- Other - $2,215
The student retention rate for first-year students is 96%, meaning that almost the entire freshmen class returns to the same institution for a second year of instruction. The four-year graduation rate is 92%. Given the continuing trend for students to spend longer in college over the last couple decades, it’s no surprise that the 6-year graduation rate is slightly higher 95%.
Students unable to attend classes in person during the day won’t be able to attend evening classes or access classes or class material through online learning; Washington and Lee doesn’t offer either option to its students.
The most popular degree programs at Washington and Lee University are business, management, marketing, and related support services; social sciences; biological and biomedical sciences; communication, journalism and related programs; history; mathematics and statistics; and physical sciences.
Student Population Total
Student Population 2,223
Most Popular Programs & Majors
(# of Diplomas Awarded by Subject)
|All Business Majors||107 Total Graduates / 25%|
|Business Administration and Management, General||66 Graduates|
|Accounting and Business/Management||41 Graduates|
|All Social Science Majors||111 Total Graduates / 26%|
|Economics, General||67 Graduates|
|Political Science and Government, General||38 Graduates|
|Sociology and Anthropology||6 Graduates|
|All Biological & Biomedical Majors||49 Total Graduates / 11%|
|Biology/Biological Sciences, General||26 Graduates|
|History||25 Total Graduates / 6%|
|History, General||25 Graduates|
|Communication, Journalism, and Related Programs||23 Total Graduates / 5%|
|Public Relations/Image Management||11 Graduates|
|All Other Diplomas||28%|
Outcome & Salary
Students from a small, private university can still realize a good return on investment (ROI) after graduation. The average salary of a graduate of Washington and Lee University is $76,000; their early-career salary is $67,000 and their mid-career salary is $144,700.
Ten-year salary earnings potential for these same graduates is $760,000 and their 20-year salary earnings potential is $2,207,000. This makes the 10-year projected ROI $672,000 and their 20-year projected ROI is $2,118,328. All of this takes into account the net price of education (four years), which is around $87,672.
High school graduates who don’t go to college have a national average salary of $38,792. Their 10-year projected income is $387,920 and their 20-year projected income is $775,840.
|College Grads Early Career Salary||$67,000|
|College Grads Average Salary||$76,000|
|College Grads Mid Career Salary||$1,44,700|
|Return on Investment (ROI)|
|10 Year Salary Earnings Potential||$760,000|
|20 Year Salary Earnings Potential||$2,207,000|
|Cost of Education (Net Price) 4 Year||$87,672|
|10 Year Projected ROI||$672,328|
|20 Year Projected ROI||$2,119,328|
|No College Education Salary Comparison|
|National Average Salary||$38,792|
|10 Year Projected Income||$387,920|
|20 Year Projected Income||$775,840|
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