Virginia Military Institute

www.vmi.edu

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2023 Undergraduate Tuition

$10,076

3.01% growth from 2022

2023 Average Net Price

$17,229

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

81.7%

1,171 Applicants

2023 Enrolled Students

1,560

100% Full-Time

2023 Graduation Rate

81.8%

346 Graduates

About

Virginia Military Institute is a higher education institution located in Lexington city, VA. In 2023, the most popular Bachelors Degree concentrations at Virginia Military Institute were International Relations & Affairs (56 degrees awarded), General Economics (50 degrees), and General History (44 degrees).

In 2023, 359 degrees were awarded across all undergraduate and graduate programs at Virginia Military Institute. 16.7% of these degrees were awarded to women, and 83.3% awarded men. The most common race/ethnicity group of degree recipients was white (272 degrees), 9.71 times more than then the next closest race/ethnicity group, black or african american (28 degrees).

The median undergraduate tuition at Virginia Military Institute is $10,076, which is $−19,204 less than the national average for Baccalaureate Colleges ($29,280).

In 2020 the default rate for borrower's at Virginia Military Institute was 0%, corresponding to 0 out of the 278 total borrowers.

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Virginia Military Institute is $10,076, which is $19,204 less than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $17,229.

In 2023, 71% of undergraduate students attending Virginia Military Institute received financial aid through grants. Comparatively, 60% of undergraduate students received financial aid through loans.

Tuition Costs

$10,076

2023 Undergraduate Tuition

In 2023, the cost of tuition at Virginia Military Institute was $10,076. The cost of tuition at Virginia Military Institute is $−19,204 less than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

This chart compares the tuition costs of Virginia Military Institute (in red) with those of other similar universities.

Average Net Price

$17,229

2023 Value

4.96%

1 Year Growth

In 2023 Virginia Military Institute had an average net price — the price paid after factoring in grants and loans — of $17,229. Between 2022 and 2023, the average net price of Virginia Military Institute grew by 4.96%.

This chart compares the average net price of Virginia Military Institute (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$10,674

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Virginia Military Institute was of $10,674 in 2023. The cost of room and board increased by 3.01% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Virginia Military Institute (in red) with that of similar universities.

Financial Aid by Income Level

71%

Undergraduates Receiving Financial Aid through Grants

60%

Undergraduates Receiving Financial Aid through Loans

71% of undergraduate students at Virginia Military Institute received financial aid through grants or loans in 2023. This represents a growth of 9.23% with respect to 2022, when 65% of undergraduate students received financial aid.

This chart compares the average award discount at Virginia Military Institute (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Virginia Military Institute was 0%, which represents 0 out of the 278 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Virginia Military Institute received 1,171 undergraduate applications in 2023, which represents a 1.76% annual growth. Out of those 1,171 applicants, 957 students were accepted for enrollment, representing a 81.7% acceptance rate.

There were 1,560 students enrolled at Virginia Military Institute in 2023. 26% of first-time enrollees submitted SAT scores with their applications.

Virginia Military Institute has an overall enrollment yield of 49%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

81.7%

Acceptance Rate in 2023

957

Accepted Out of 1,171

In 2023, the undergraduate acceptance rate of Virginia Military Institute was 81.7% (957 admissions from 1,171 applications). This is higher than the acceptance rate of 2022, which was 71.1%. Between 2022 and 2023, the number of applicants declined by 1.76%, while admissions grew by 13%.

This chart compares the acceptance rate of Virginia Military Institute (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

26%

Submission Percentage (2023)

115

Scores Submitted (2023)

26% of enrolled first-time students at Virginia Military Institute in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Virginia Military Institute had a total enrollment of 1,560 students in 2023. The full-time enrollment at Virginia Military Institute is 1,560 students and the part-time enrollment is 0. This means that 100% of students enrolled at Virginia Military Institute are enrolled full-time.

The enrolled student population at Virginia Military Institute, both undergraduate and graduate, is 71.7% White, 9.36% Hispanic or Latino, 7.12% Black or African American, 5% Asian, 3.91% Two or More Races, 0.705% Native Hawaiian or Other Pacific Islanders, and 0.385% American Indian or Alaska Native.

Students enrolled at Virginia Military Institute in full-time Undergraduate programs are most commonly White Male (63.6%), followed by White Female (9.28%) and Hispanic or Latino Male (7.16%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Virginia Military Institute in 2023, both undergraduate and graduate, is 1,560 students. The full-time enrollment at Virginia Military Institute is 1,560 and the part-time enrollment is 0. This means that 100% of students enrolled at Virginia Military Institute are enrolled full-time compared with 78.8% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Virginia Military Institute (in red) compares to similar universities.

Retention Rate over Time

84%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Virginia Military Institute was 84%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), Virginia Military Institute had a retention rate higher than its peers.

This chart shows the retention rate over time at Virginia Military Institute (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
1,119 enrolled students
Hispanic or Latino
146 enrolled students
Black or African American
111 enrolled students

The enrolled student population at Virginia Military Institute is 71.7% White, 9.36% Hispanic or Latino, 7.12% Black or African American, 5% Asian, 3.91% Two or More Races, 0.705% Native Hawaiian or Other Pacific Islanders, and 0.385% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 53.2% White, 14.1% Hispanic or Latino, and 12.9% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 4 students (0.256%) did not report their race.

Graduates

In 2023, 239 fewer women than men received degrees from Virginia Military Institute. The most common race/ethnicity group of degree recipients at Virginia Military Institute is white (272 degrees awarded). There were 9.71 times more white recipients than the next closest race/ethnicity group, black or african american (28 degrees).

The most common Bachelor's Degree concentration at Virginia Military Institute is International Relations & Affairs (56 degrees awarded), followed by General Economics (50 degrees) and General History (44 degrees).

In 2023, the most specialized majors across all degree types at Virginia Military Institute, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are History (44 degrees awarded), Social Sciences (106 degrees), and Language & Linguistics (16 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Virginia Military Institute are Other managers (616,113 people), Software developers (556,355 people), Lawyers, & judges, magistrates, & other judicial workers (468,748 people), Miscellaneous engineers, including nuclear engineers (386,767 people), and Civil engineers (308,348 people).

The most specialized majors at Virginia Military Institute in 2023 are History (44 degrees awarded), Social Sciences (106 degrees), Language & Linguistics (16 degrees), Physical Sciences (18 degrees), and Engineering (72 degrees) (as of 2023).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Virginia Military Institute are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Virginia Military Institute are History (44 degrees awarded), Social Sciences (106 degrees), Language & Linguistics (16 degrees), Physical Sciences (18 degrees), and Engineering (72 degrees) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Virginia Military Institute are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Virginia Military Institute.

Most Common (2023)

International Relations & Affairs
56 degrees awarded
General Economics
50 degrees awarded
General History
44 degrees awarded

In 2023, the most common bachelors degree concentration at Virginia Military Institute was International Relations & Affairs with 56 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Virginia Military Institute according to their major.

Sex Breakdown for Common Majors

299

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 299 degrees were awarded to men at Virginia Military Institute, which is 4.98 times more than the number of degrees awarded to females (60).

This chart displays the sex disparity between the top 5 majors at Virginia Military Institute by degrees awarded.

Most Common Male Majors

In 2023, 47 degrees were awarded to men at Virginia Military Institute in International Relations & Affairs, which is 5.22 times more than the 9 female recipients with that same degree.

Most Common Female Majors

In 2023, 12 degrees were awarded to men at Virginia Military Institute in General Psychology, which is 0.545 times less than the 22 male recipients with that same degree.

Time to Complete

64%

100% Completion Time

74%

150% Completion Time

In 2023, 64% of students graduating from Virginia Military Institute completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 74% completed their degrees within 150% of the normal time, and 74% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Two or More Races Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Virginia Military Institute is Female and Two or More Races (100% graduation rate). Across all Baccalaureate Colleges, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 0% of graduates (0 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
272 degrees awarded
Black or African American
28 degrees awarded
Hispanic or Latino
25 degrees awarded

The most common race/ethnicity at Virginia Military Institute is white (272 degrees awarded). There were 9.71 times more white recipients than the next closest race/ethnicity group, black or african american (28 degrees).

0% of degree recipients (0 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
231 degrees awarded
White Female
41 degrees awarded
Black or African American Male
23 degrees awarded

The most common race/ethnicity and sex grouping at Virginia Military Institute is white male (231 degrees awarded). There were 5.63 times more white male recipients than the next closest race/ethnicity group, white female (41 degrees).

Operations

Virginia Military Institute has an endowment valued at nearly $716M, as of the end of the 2023 fiscal year. The return on its endowment was of 1.75M (0.245%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Virginia Military Institute had a total salary expenditure of 120M. Virginia Military Institute employs 63 Professors, 43 Assistant professors and 25 Associate professors. Most academics at Virginia Military Institute are Male Professor (48), Male Assistant professor (29), and Female Professor (15).

The most common positions for non-instructional staff at Virginia Military Institute are: Office and Administrative Support, with 80 employees, Management, with 67 employees, and Service with 61 employees.

Endowment

$716M

2023 Endowment

8.19%

growth from 2022

Virginia Military Institute has an endowment valued at about $716M, as of the end of the 2023 fiscal year. The endowment of Virginia Military Institute grew 8.19% from the previous year. The value of their endowment was $664M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Virginia Military Institute (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Arts & Sciences Focus Carnegie Classification grouping.

Salary Expenditure

$36M

2023 Salaries

7.76%

growth from 2022

In 2023, Virginia Military Institute paid a median of $36M in salaries, which represents 30.1% of their overall expenditure ($120M) and a 7.76% growth from the previous year. This is compared to a 1.4% decline between 2021 and 2022, and a 0.321% decline between 2020 and 2021.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

Instructional Salaries

$14.9M

Instructional Salaries

143

Number of Employees

In 2023, Virginia Military Institute paid a total of $14.9M to 143 employees working as instructors, which represents 41.3% of all salaries paid.

This is compared to a median of $552k (3.27%) for similar Baccalaureate Colleges.

Occupations by Share

Professor

Most Common Instructor

63 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

80 Employees

In 2023, the most common positions for instructional staff at Virginia Military Institute were Professor with 63 employees, Assistant professor with 43 employees, and Associate professor with 25 employees.

In 2023, the most common positions for non-instructional staff at Virginia Military Institute were Office and Administrative Support with 80 employees, Management with 67 employees, and Service with 61 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Male Assistant professor
Female Professor

In 2023, the most common demographic for instructional staff at Virginia Military Institute was Male Professor with 48 employees, Male Assistant professor with 29 employees, and Female Professor with 15 employees.

This chart shows the sex split between each academic rank present at Virginia Military Institute.

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