Raymond A. Mason School of Business Online Tuition and Financial Aid
Tuition for the William & Mary online business programs and certificates is charged per credit hour, and rates vary according to your program of choice. In addition to credit-hour charges, a one-time, nonrefundable graduation fee will be charged after a “Notice of Candidacy for Graduation” is filed in your final term. Other charges may apply depending on your selected program. See individual program pages for more detailed tuition information.
Tuition and Aid Information
Online MBA Tuition and Fees
| Online MBA Tuition | 2025-2026 Academic Year |
| Total Credit Hours | 49 |
| Cost Per Credit Hour | $1,468 |
| Graduation Fee | $150 |
| Residency Fee | $600 + $1,468 for 1 tuition credit |
| Application Fee | $100 |
Tuition and costs effective as of June 1, 2025. Tuition rates are not inclusive of textbooks and fees. Tuition and costs are subject to change and should be confirmed on the University’s official tuition listing at wm.edu/admission/tuition/graduate/. Annual increases in tuition and fees are announced each May by the William & Mary Board of Visitors and take effect in August.
Tuition for the W&M Online MBA program is calculated per credit hour at a current rate of $1,468 per hour. Additional program fees will apply and may include a one-time, nonrefundable graduation fee only after you have filed a “Notice of Candidacy for Graduation”—as well as a $600 flat fee for the mandatory residency course.
Online MSBA and FBA Certificate Tuition and Fees
| Online MSBA Tuition | 2025-2026 Academic Year |
| Total Credit Hours | 32 |
| Cost Per Credit Hour | $1,406 ($800 for prerequisite classes) |
| Graduation Fee | $150 |
| Optional Residency* Fee | $600 + $1,406 for 1 tuition credit |
| Application Fee | $100 |
| Online FBA Certificate Tuition | 2025-2026 Academic Year |
| Total Credit Hours | 12 |
| Cost Per Credit Hour | $800/credit for first 2 courses $1,434/credit for final course |
Tuition and costs effective as of June 1, 2025. Tuition rates are not inclusive of textbooks and fees. Tuition and costs are subject to change and should be confirmed on the University’s official tuition listing at wm.edu/admission/tuition/graduate/. Annual increases in tuition and fees are announced each May by the William & Mary Board of Visitors and take effect in August.
*Although there is no required residency specifically for Online MS in Business Analytics students, we encourage students to join us during the Online MBA residency weekend which includes speakers, team-building activities and networking opportunities. The tuition cost will only be applied if the student wishes to claim the credit for the experience.
There is no application fee for the Online Foundations in Business Analytics Certificate program.
Tuition for the W&M Online Master of Science in Business Analytics (MSBA) program is calculated per credit hour at a current rate of $1,406 per hour for core classes and $800 per hour for prerequisite classes. Additional program fees will apply and may include a one-time, non-refundable graduation fee of $150, which is charged only after you have filed a "Notice of Candidacy for Graduation.”
Online Master’s in Marketing Tuition and Fees
| Online Master's in Marketing Tuition | 2025 -2026 Academic Year |
| Total Credit Hours | 33 |
| Cost Per Credit Hour | $1,125 |
| Graduation | $150 |
| Residency Fee | $600 + $1,125 for 1 tuition credit |
| Application Fee | $100 |
Tuition and costs effective as of June 1, 2025. Tuition rates are not inclusive of textbooks and fees. Tuition and costs are subject to change and should be confirmed on the University’s official tuition listing at wm.edu/admission/tuition/graduate/. Annual increases in tuition and fees are announced each May by the William & Mary Board of Visitors and take effect in August.
Tuition for the W&M Online Master’s in Marketing program is calculated per credit hour at a current rate of $1,125 per hour. Additional program fees will apply and may include a one-time, nonrefundable graduation fee of $150, which is charged only after you have filed a "Notice of Candidacy for Graduation,” as well as a $600 flat fee for the mandatory residency course.
Online MS in Finance Tuition and Fees
| 2025-2026 Academic Year | Online Master’s in Finance | Online Certificate in Finance |
| Total Credit Hours | 32-33 | 16 |
| Cost Per Credit Hour | $1,434 | $1,434 |
| Graduation Fee | $150 | N/A |
| Optional Residency* Fee | $600 + $1,434 for 1 tuition credit | N/A |
| Application Fee | $100 | $100 |
Tuition and costs effective as of June 1, 2025. Tuition rates are not inclusive of textbooks and fees. Tuition and costs are subject to change and should be confirmed on the University’s official tuition listing at wm.edu/admission/tuition/graduate/. Annual increases in tuition and fees are announced each May by the William & Mary Board of Visitors and take effect in August.
*Although there is no required residency specifically for Online MS in Finance students, we encourage students to join us during the Online MBA residency weekend which includes speakers, team-building activities and networking opportunities. The tuition cost will only be applied if the student wishes to claim the credit for the experience.
Tuition for the W&M Online Master’s and Certificate in Finance programs is calculated per credit hour at a current rate of $1,434 per hour. Additional Online Master’s program fees will apply and may include a one-time, nonrefundable graduation fee of $150, which is charged only after you have filed a "Notice of Candidacy for Graduation,” as well as a $600 flat fee for the optional residency course.
Online Master of Accounting Tuition and Fees
| Online Master of Accounting Tuition | 2025-2026 Academic Year |
| Total Credit Hours | 32 |
| Cost Per Credit Hour | $1,148 ($800 for prerequisite classes) |
| Optional Residency* Fee | $600 + $1,148 for 1 tuition credit |
| Application Fee | $100 |
Tuition and costs effective as of June 1, 2025. Tuition rates are not inclusive of textbooks and fees. Tuition and costs are subject to change and should be confirmed on the University’s official tuition listing at wm.edu/admission/tuition/graduate/. Annual increases in tuition and fees are announced each May by the William & Mary Board of Visitors and take effect in August.
*Although there is no required residency specifically for Online Master of Accounting students, we encourage students to join us during the Online MBA residency weekend which includes speakers, team-building activities and networking opportunities. The tuition cost will only be applied if the student wishes to claim the credit for the experience.
Tuition for the W&M Online MAcc program is calculated per credit hour at a current rate of $1,148 per hour. Additional program fees will apply and may include a one-time, nonrefundable graduation fee only after you have filed a "Notice of Candidacy for Graduation.”
Your Guide to Tuition Reimbursement
Our tuition reimbursement guide gives you the five key steps to starting a successful conversation with your employer.
Tuition and Financial Aid Contacts
To learn more about financial aid opportunities that may be available through your employer, the U.S. military or student loans, please contact one of the following representatives:
- General financial aid information (other than military or VA): Contact Graduate Student Liaison Jen Meier: 757-221-2426 or jmmeie@wm.edu
- Military tuition reimbursement: Rocio Ramirez: 757-221-4960 or riramirez@wm.edu
- VA benefits (including new GI Bill): Contact Carolyn Ward: 757-221-2893 or caward01@wm.edu
W&M Student Accounts Information
Please visit the W&M Student Accounts website for further information pertaining to financial aid refunds, 1098-T forms (sent to students who have paid qualified educational expenses) and other financial information related to your W&M student accounts.
*NOTE: William & Mary tuition waiver benefits are not eligible for use in our Online MBA program.
Financial Aid for Online Business Degrees at William & Mary
William & Mary and the Raymond A. Mason School of Business proudly work to connect prospective students with financial aid for the online graduate business programs and certificate programs. The William & Mary Office of Financial Aid offers the following informational resources to help you assess your financial aid options:
- Financial Aid Resources, which contains links to several guides prepared by the Office of Financial Aid as well as to a variety of external resources
- Financial Aid FAQs, covering questions pertaining to billing, loans and other financial aid information for current and prospective students
- Payment Plan Information, detailing the steps involved in setting up a monthly payment plan for your W&M tuition
- How to Apply for Aid, which offers instructions for completing the necessary forms and procedures to apply for financial aid as a W&M graduate student
- Contact the W&M Office of Financial Aid at aid@wm.edu for more information about applying for financial aid as a graduate student. If you have any additional questions or concerns, please don't hesitate to contact an admissions outreach advisor at 844-234-4075 or masononline@wm.edu.
Federal Financial Aid for W&M Online Students
In addition to any private or third-party tuition support and scholarship you may secure, financial aid is also available in the form of federal or private student loans. The FAFSA (Free Application for Federal Student Aid) is required for federal loan eligibility and can be filed electronically at www.fafsa.gov. To ensure we receive your FAFSA submission details, please include our federal school code: 003705.
FAFSA Deadlines:
- For students starting in January: December 1
- For students starting in May: April 1
- For students starting in August: July 1
More Than a Degree.
This Is Your Launchpad.
A William & Mary education is not just a degree but a unique connection to a tight-knit community of students, alumni, bold educators and driven, principled, connected leaders. Build your brand with a university known for breaking barriers, championing integrity and channeling academic grit since its inception.
The Raymond A. Mason School of Business imparts essential business knowledge and builds the dynamic mindset necessary to lead in today’s challenging and rapidly changing business environment. As an online graduate business student, you will:
✓ Graduate with the perspective to envision and enact positive
change
✓ Access mentorship and experiential learning opportunities
✓ Receive personalized career support
✓ Build a lasting network to bolster your career for years to
come
This will only take a moment.
Scholarships for Online Business Degrees at William & Mary
Merit-Based Scholarships
Merit-based scholarships are awarded to students based on academic achievements and extracurricular activities, including work experience, leadership and professional accomplishments.
To be considered for a merit-based scholarship, be sure to apply by the priority application deadline. You will be asked to submit a 300-word essay to explain your education and career goals, and how this scholarship will help you achieve them.
If you have any questions about the merit-based scholarships, schedule a call with an admissions outreach advisor.
The Kyle J. Milliken Memorial Scholarship (Online MBA Only)
The Kyle J. Milliken Memorial Scholarship was created as a living memorial to honor Senior Chief Special Warfare Operator Kyle Milliken.
Senior Chief Milliken, a 15-year veteran of the U.S. Navy, was a decorated SEAL who completed seven combat deployments and multiple overseas contingency operations before he was killed in action in May 2017. In addition to his distinguished service record, Senior Chief Milliken was also a dedicated student in our Online MBA program, and we at William & Mary are proud to honor his commitments to both national security and personal development through education.
The Kyle J. Milliken Memorial Scholarship provides military students around the globe with the critical support they need while working toward a world-class management education. It is available only to W&M Online MBA students who are active duty or military veterans and have completed at least 16 credit hours in the program.
The Milliken Scholarship application window opens in May. The scholarship recipient will be notified before the fall semester start.
Alumni Giving & Referral Scholarships
William & Mary graduates have the opportunity to share the William & Mary experience with friends, family, co-workers and peers, and help them receive a $2,500 scholarship for an online business program. To participate, William & Mary alumni need only to refer and endorse a candidate for admission and encourage them to apply. Get more information about this scholarship opportunity.