Decoding the Cost: A Comprehensive Guide to William & Mary's MAcc Tuition
Pursuing a Master of Accounting (MAcc) degree is a significant investment in one's future. William & Mary's Raymond A. Mason School of Business offers a reputable MAcc program, and understanding the associated costs is crucial for prospective students. This article provides a detailed breakdown of the tuition, fees, and potential financial aid options available for the William & Mary MAcc program.
Understanding the Base Tuition
The cornerstone of any graduate program's cost is tuition. For the 2025-2026 academic year, the tuition for the William & Mary Online Master of Accounting program is calculated per credit hour. The current rate is $1,148 per credit hour, with a rate of $800 per credit hour for prerequisite classes. Given that the program requires 32 credit hours to complete, the total tuition cost can be estimated.
It is important to note that tuition rates are not inclusive of textbooks and fees. Additionally, 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.
Mandatory and Optional Fees
Beyond tuition, students should also budget for various fees. A one-time, nonrefundable graduation fee is charged after a “Notice of Candidacy for Graduation” is filed in the final term. For the 2025-2026 academic year, this graduation fee is $150.
An optional residency fee of $600 is also listed. Although there is no required residency specifically for Online Master of Accounting students, students are encouraged to join during the residency weekend, which includes speakers, team-building activities, and networking opportunities.
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Additional Expenses to Consider
While tuition and fees form the core of the program's direct costs, other expenses contribute to the overall financial burden.
- Books and Supplies: The cost of books and supplies can vary greatly depending on individual needs.
It is important to note that several expenses are one-time expenses and are not incurred during the spring semester.
Living Expenses: Room and board costs at William & Mary contribute substantially to the overall expense for on-campus students.
Technology: The cost of a laptop will vary greatly depending on individual needs.
Funding Opportunities: Scholarships, Assistantships, and Loans
William & Mary offers several opportunities for students to offset costs associated with the MAcc degree program.
Read also: Funding Your Education at WPU
Merit Scholarships
Merit scholarships for the MAcc program at William & Mary are awarded based on a variety of characteristics such as professional work experience, leadership, academic history, and more. To be considered for a merit-based scholarship, be sure to apply by the priority application deadline.
Graduate Assistantships
Entering students are eligible to apply for a graduate assistantship. Graduate Assistantships (GAs) offer students an excellent opportunity to work with faculty and staff at the Raymond A. Mason School of Business. GAs are expected to work five to ten hours a week, and students are paid hourly.
Alumni Referral Scholarship
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 in this new program, William & Mary alumni can refer an interested student to the Master of Accounting program by completing the online form. Students who are referred and apply will receive a $5,000 Alumni Referral Scholarship upon acceptance.
External Loan Options
William & Mary has strong partnerships with Prodigy Finance, MPower Finance, and FIDERH. 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.
Experiential Emphasis and Internships
Students may elect an Experiential Emphasis in the program, which includes an eight-week paid internship opportunity from January to March. Students earn credit hours towards their elective requirement and can earn up to $10,000-$12,000 working in the industry at the height of tax season.
Read also: Your Guide to W&M Exchange Programs
The Kyle J. Milliken Memorial Scholarship
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.
Financial Aid and Support
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.
Through a combination of scholarships, grants, loans, work-study, and other sources, generous financial assistance is available. In the 2024-25 academic year, 77% of first-year in-state students and 60% of out-of-state students received some type of aid.
Work-Study Opportunities
William & Mary offers a variety of work-study opportunities designed to support students financially while providing meaningful employment experience on campus. Eligible students can find positions across different university departments, engaging in roles that complement their academic schedules and build professional skills. Students participating in the work-study program typically earn wages aligned with federal and institutional guidelines, which help offset educational expenses without imposing burdensome time commitments. In addition to on-campus roles, William & Mary promotes internships that may be integrated with work-study to offer practical experience in various fields, enhancing career readiness.
Considerations for International Students
All international students in F-1 or J-1 visa status must show sufficient funding for their program at William & Mary.
Understanding William & Mary's Value Proposition
William & Mary combines several sources of revenue to provide students with an exceptional education. William & Mary is committed to affording all admitted students the opportunity to thrive in and out of the classroom.
With over 90,000 living alumni across the globe, William & Mary's alumni network continues to be one of its largest resources.
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