Virginia Military Institute | VMI
82% accepted | 2k undergrads | Public | Lexington, VA
All majors
Key metrics
Publisher ranking
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star star star star_half star
3.6
Student review
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star star star star_half star
3.7
Student-to-faculty
10:1
Years to repay cost
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1.61
Graduation rate
82%
Graduate on time
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72%
Retention rate
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83%
Earnings after 4 yrs
77k
Costs
State residency
Family income
Tuition & fees
trending_up 2.0% last 3 years
$51,186
Expenses see detail
Income-based free tuition exists.
$14,340
Sticker price (COA) help
$65,526
Estimated aid help
$13,560
Estimated net cost
$51,966
4-year net cost (x4)
Inflation adj. 3%
$217,406
Personalize my costs.
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Funding Sources
4-year budget
$
College savings (529), earnings in college.
Funding gap (debt)
$217,406
Merit: 47% of students (53% w/o need) get $17,602 (avg) in aid. Need: 66% met. See detail
vmi.edu: Financial aid | Net price calc
Earnings
Major
Earnings after 4 years N/A
$77,369
Real earnings
---
Inflation adj. 8%
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$83,559
Tax rate
%
Get earnings after tax here to adjust rate.
Earnings after tax (AT)
$62,669
Select repayment plan
For $217,406 funding gap (debt)
Debt detail
% AT earnings to repay debt
$1,536/mo
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%
20% is a fast repayment level.
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% interest rate on debt
%
Federal rates with 20% PLUS.
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Plan comparison for $217k debt
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Annual debt repayment
$18,437
Earnings after tax and debt ---
$44,232
Lifestyle
Postgrad earnings and expenses
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Cities with the star within the red area may be unaffordable.
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Major: College (all majors) | 100%
| Location adjusted | Savings | ||
|---|---|---|---|
| Ratio | Earnings | / Deficit | |
| Virginia Military Institute | VMI | 1.16x | 84k | |
| Location neutral earnings help | 1.00x | 72k | |
| DC | Washington, DC | 1.25x | 91k | 11k |
| Rich | Richmond, VA | 1.11x | 80k | 4k |
| Virg | Virginia Beach, VA | 1.08x | 78k | 4k |
| Roan | Roanoke, VA | 0.89x | 64k | -2k |
| NYC | New York, NY | 1.57x | 113k | 15k |
| DC | Washington, DC | 1.25x | 91k | 11k |
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Location adjusted earnings - taxes - debt repay - cost of living expenses = ending savings / deficit.
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The colleges’ ratio reflects a weighted average of their graduates’ cost of living. Location neutral earnings is the weighted average of all graduates across all colleges, which is ~$39k or Salt Lake City’s cost of living.
Taxes
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Expenses
Grad destination
Washington-Arlington-Alexandria, DC-VA-MD Area
Popular grad destinations
Earnings after tax and debt ---
$44,232
Cost of living | 1 adult, 0 children
Studio apartment
$840 - $2,660/mo
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$10,080
Grocery shopping help
$3,862
Transportation
$8,838
Healthcare
$4,465
Necessities help
$7,978
Entertainment help
$3,191
Other
$
Costs or offsets to adjust cost of living.
Total cost of living
$38,414
Earnings after tax, debt + cost of living
Savings
$5,818
Cost of living ratio: 1.25x
Costs
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