Virginia Military Institute

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2020 Undergraduate Tuition
$9,562
2.99% growth from 2019
2020 Average Net Price
$18,969
After Financial Aid
2018 Student Loan
1.66%
Default Rate
2020 Acceptance Rate
59.9%
1,543 Applicants
2020 Enrolled Students
1,698
100% Full-Time
2020 Graduation Rate
85.4%
386 Graduates

About

Virginia Military Institute is a higher education institution located in Lexington city, VA. In 2016, the most popular Bachelor's Degree concentrations at Virginia Military Institute were General Civil Engineering (50 degrees awarded), General Economics (50 degrees), and International Relations & Affairs (50 degrees).

In 2020, 383 degrees were awarded across all undergraduate and graduate programs at Virginia Military Institute. 13.8% of these degrees were awarded to women, and 86.2% awarded men. The most common race/ethnicity group of degree recipients was white (324 degrees), 18 times more than then the next closest race/ethnicity group, hispanic or latino (18 degrees).

The median undergraduate tuition at Virginia Military Institute is $9,562, which is $−18,838 less than the national average for Baccalaureate Colleges ($28,400).

Costs

The median undergraduate tuition at Virginia Military Institute is $9,562, which is $−18,838 less than the national average for Baccalaureate Colleges ($28,400).

After taking grants and loans into account, the average net price for students is $18,969.

In 2020, 85% of undergraduate students attending Virginia Military Institute received financial aid through grants. Comparatively, 65% of undergraduate students received financial aid through loans.

Student Expenses

Tuition Costs

$9,562
2020 Undergraduate Tuition

In 2020, the cost of tuition at Virginia Military Institute was $9,562. The cost of tuition at Virginia Military Institute is $−18,838 less than than the overall (public and private) national average for Baccalaureate Colleges ($28,400).

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Average Net Price

$18,969
2020 Value
41.3%
1 Year Growth

In 2020 Virginia Military Institute had an average net price — the price paid after factoring in grants and loans — of $18,969. Between 2019 and 2020, the average net price of Virginia Military Institute grew by 41.3%.

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.

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Other Student Expenses

$10,060
Room and Board
$1,000
Books and Supplies

The average yearly cost of room and board at Virginia Military Institute was of $10,060 in 2020. During the same period, the average yearly cost of books and supplies was $1,000. The cost of room and board increased by 6.1% between 2019 and 2020. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

85%
Undergraduates Receiving Financial Aid through Grants
65%
Undergraduates Receiving Financial Aid through Loans

85% of undergraduate students at Virginia Military Institute received financial aid through grants or loans in 2020. This represents a growth of 21.4% with respect to 2019, when 70% 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.

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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.
1.66%
2018 Default Rate
5
Number of Defaults

In 2018 the default rate for borrower's at Virginia Military Institute was 1.66%, which represents 5 out of the 301 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.

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Admissions

Virginia Military Institute received 1,543 undergraduate applications in 2020, which represents a 1.85% annual growth. Out of those 1,543 applicants, 924 students were accepted for enrollment, representing a 59.9% acceptance rate.

There were 1,698 students enrolled at Virginia Military Institute in 2020, and 88% of first-time enrollees submitted SAT scores with their applications.

Virginia Military Institute has an overall enrollment yield of 52.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

59.9%
Acceptance Rate in 2020
924
Accepted Out of 1,543

In 2020, the undergraduate acceptance rate of Virginia Military Institute was 59.9% (924 admissions from 1,543 applications). This is higher than the acceptance rate of 2019, which was 59.5%. Between 2019 and 2020, the number of applicants grew by 1.85%, while admissions grew by 2.44%.

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SAT Scores

88%
Submission Percentage
407
Scores Submitted

88% of enrolled first-time students at Virginia Military Institute in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Virginia Military Institute has a total enrollment of 1,698 students. The full-time enrollment at Virginia Military Institute is 1,698 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 75.1% White, 8.36% Hispanic or Latino, 5.83% Black or African American, 4.89% Asian, 3% Two or More Races, 0.53% Native Hawaiian or Other Pacific Islanders, and 0.412% American Indian or Alaska Native.

Students enrolled at Virginia Military Institute in full-time Undergraduate programs are most commonly White Male (66%), followed by White Female (9.13%) and Hispanic or Latino Male (6.89%). Students enrolled in full-time Graduate programs are most commonly N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

100%
Full-Time Enrollment

The total enrollment at Virginia Military Institute, both undergraduate and graduate, is 1,698 students. The full-time enrollment at Virginia Military Institute is 1,698 and the part-time enrollment is 0. This means that 100% of students enrolled at Virginia Military Institute are enrolled full-time compared with 80.1% 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.

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Retention Rate over Time

80%
2020 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 80%. Compared with the full-time retention rate at similar Baccalaureate Colleges (73%), 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    1,275
  2. Hispanic or Latino
    142
  3. Black or African American
    99

The enrolled student population at Virginia Military Institute is 75.1% White, 8.36% Hispanic or Latino, 5.83% Black or African American, 4.89% Asian, 3% Two or More Races, 0.53% Native Hawaiian or Other Pacific Islanders, and 0.412% 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 54.8% White, 13.8% Black or African American, and 13.4% Hispanic or Latino.

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, 1 students (0.0589%) did not report their race.

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Graduates

In 2020, 277 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 (324 degrees awarded). There were 18 times more white graduates than the next closest race/ethnicity group, hispanic or latino (18 degrees).

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

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 (42 degrees awarded), Social Sciences (100 degrees), and Engineering (85 degrees).

Workforce

Common Jobs by Major

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 (579,121 people), Software developers (468,034 people), Lawyers, & judges, magistrates, & other judicial workers (430,538 people), Miscellaneous engineers, including nuclear engineers (345,623 people), and Postsecondary teachers (309,435 people).

The most specialized majors at Virginia Military Institute are History (42 degrees awarded), Social Sciences (100 degrees), Engineering (85 degrees), Physical Sciences (19 degrees), and Math & Statistics (18 degrees).

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Highest Paying Jobs by Major

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, Securities, commodities, & financial services sales agents, Physicians, Clinical and counseling psychologists, and Computer hardware engineers

The most specialized majors at Virginia Military Institute are History (42 degrees awarded), Social Sciences (100 degrees), Engineering (85 degrees), Physical Sciences (19 degrees), and Math & Statistics (18 degrees).

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Common Industries by Major

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 Computer Systems Design (630,555 people), Colleges, universities & professional schools, including junior colleges (597,356 people), Elementary & secondary schools (554,530 people), Architectural, engineering & related services (476,985 people), and Construction (353,334 people).

The most specialized majors at Virginia Military Institute are History (42 degrees awarded), Social Sciences (100 degrees), Engineering (85 degrees), Physical Sciences (19 degrees), and Math & Statistics (18 degrees).

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Degrees

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
  1. 50 degree-majorss awarded
  2. 50 degree-majorss awarded
  3. 50 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Virginia Military Institute was General Civil Engineering with 50 degrees awarded.

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

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Sex Breakdown for Common Majors

330
Degrees Awarded to Men
in 2020
53
Degrees Awarded to Women
in 2020

In 2020, 330 degrees were awarded to men at Virginia Military Institute, which is 6.23 times more than the number of degrees awarded to females (53).

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

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Most Common Male Majors

In 2020, 49 degrees were awarded to men at Virginia Military Institute in General Civil Engineering, which is 49 times more than the 1 female recipients with that same degree.

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Most Common Female Majors

In 2020, 8 degrees were awarded to women at Virginia Military Institute in General Biological Sciences, which is 0.267 times less than the 30 male recipients with that same degree.

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Time to Complete

64%
100% Completion Time
78%
150% Completion Time

In 2020, 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, 78% completed their degrees within 150% of the normal time, and 78% 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.

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Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Hispanic or Latino Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Virginia Military Institute is Female and Hispanic or Latino (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.4%).

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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    324 degrees awarded
  2. Hispanic or Latino
    18 degrees awarded
  3. Black or African American
    17 degrees awarded

The most common race/ethnicity at Virginia Military Institute is white (324 degrees awarded). There were 18 times more white recipients than the next closest race/ethnicity group, hispanic or latino (18 degrees).

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

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Male
    280 degrees awarded
  2. White Female
    44 degrees awarded
  3. Hispanic or Latino Male
    16 degrees awarded

The most common race/ethnicity and sex grouping at Virginia Military Institute is white male (280 degrees awarded). There were 6.36 times more white male recipients than the next closest race/ethnicity group, white female (44 degrees).

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Operations

Virginia Military Institute has an endowment valued at nearly $517M, as of the end of the 2020 fiscal year. The return on its endowment was of $433k (0.0838%), compared to the 2.06% average return ($820k on $39.8M) across all Baccalaureate Colleges.

In 2020, Virginia Military Institute had a total salary expenditure of $97.5M. Virginia Military Institute employs 61 Professors, 48 Assistant professors, and 26 Associate professors. Most academics at Virginia Military Institute are Male Professors (50), Male Assistant professors(25), and Female Assistant professors (23).

The most common positions for non-instructional staff at Virginia Military Institute are: Office and Administrative Support, with 74 employees, Management, with 62 employees, and Service with 60 employees.

Finances

Endowment

$517M
2020 Endowment
2.25%
decline from 2019

Virginia Military Institute has an endowment valued at about $517M, as of the end of the 2020 fiscal year. The endowment of Virginia Military Institute declined 2.25% from the previous year. The value of their endowment was $477M 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.

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Government Grants and Contracts

Grants & Contracts
  1. $256k - Federal
  2. $0 - State
  3. $0 - Local

As of 2020, Virginia Military Institute received $256k in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$34M
2020 Salaries
9.4%
growth from 2019

In 2020, Virginia Military Institute paid a median of $34M in salaries, which represents 34.9% of their overall expenditure ($97.5M) and a 9.4% growth from the previous year. This is compared to a 0.196% decline from 2018 and a 4.68% growth from 2017.

The median for similar Baccalaureate Colleges is 15.4M (40.8% of overall expenditures).

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Instructional Salaries

$10M
Instructional Salaries
142
Number of Employees

In 2020, Virginia Military Institute paid a total of $10M to 142 employees working as instructors, which represents 29.4% of all salaries paid.

This is compared to a median of $4.78M (31%) for similar Baccalaureate Colleges.

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Faculty and Staff

Occupations by Share

Professor
Most Common Instructor
61 Employees
Office and Administrative Support
Most Common Non-Instructional Employee
74 Employees

In 2020, the most common positions for instructional staff at Virginia Military Institute were Professor with 61 employees; Assistant professor with 48 employees; and Assistant professor with 26 employees.

In 2020, the most common positions for non-instructional staff at Virginia Military Institute were Office and Administrative Support with 74 employees; Management with 62 employees; and Service with 60 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Male Professor
  2. Male Assistant professor
  3. Female Assistant professor

In 2020, the most common demographic for instructional staff at Virginia Military Institute was Male Professor with 50 employees, Male Assistant professor with 25 employees, and Female Assistant professor with 23 employees.

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

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