Virginia Polytechnic Institute and State University

www.vt.edu

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2023 Undergraduate Tuition

$12,698

4.91% growth from 2022

2023 Average Net Price

$22,205

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

57%

47,208 Applicants

2023 Enrolled Students

38,294

92.5% Full-Time

2023 Graduation Rate

86.4%

5,843 Graduates

About

Virginia Polytechnic Institute and State University is a higher education institution located in Montgomery County, VA. In 2023, the most popular Bachelors Degree concentrations at Virginia Polytechnic Institute and State University were General Computer & Information Sciences (526 degrees awarded), Management Science (486 degrees), and General Finance (359 degrees).

In 2023, 11,215 degrees were awarded across all undergraduate and graduate programs at Virginia Polytechnic Institute and State University. 46% of these degrees were awarded to women, and 54% awarded men. The most common race/ethnicity group of degree recipients was white (6,815 degrees), 5.82 times more than then the next closest race/ethnicity group, asian (1,171 degrees).

The median undergraduate tuition at Virginia Polytechnic Institute and State University is $12,698, which is $−18,305 less than the national average for Doctoral Universities ($31,004).

In 2020 the default rate for borrower's at Virginia Polytechnic Institute and State University was 0%, corresponding to 0 out of the 4,632 total borrowers.

About the photo: Torg Bridge

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Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

In 2023, the median undergraduate tuition at Virginia Polytechnic Institute and State University is $12,698, which is $18,306 less than the national average for Doctoral Universities ($31,004).

After taking grants and loans into account, the average net price for students is $22,205.

In 2023, 52% of undergraduate students attending Virginia Polytechnic Institute and State University received financial aid through grants. Comparatively, 34% of undergraduate students received financial aid through loans.

Tuition Costs

$12,698

2023 Undergraduate Tuition

In 2023, the cost of tuition at Virginia Polytechnic Institute and State University was $12,698. The cost of tuition at Virginia Polytechnic Institute and State University is $−18,306 less than than the overall (public and private) national average for Doctoral Universities ($31,004).

This chart compares the tuition costs of Virginia Polytechnic Institute and State University (in red) with those of other similar universities.

Average Net Price

$22,205

2023 Value

15%

1 Year Growth

In 2023 Virginia Polytechnic Institute and State University had an average net price — the price paid after factoring in grants and loans — of $22,205. Between 2022 and 2023, the average net price of Virginia Polytechnic Institute and State University grew by 15%.

This chart compares the average net price of Virginia Polytechnic Institute and State University (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

$12,354

Room and Board

$1,100

Books and Supplies

The average yearly cost of room and board at Virginia Polytechnic Institute and State University was of $12,354 in 2023. The cost of room and board increased by 13.9% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,100. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

52%

Undergraduates Receiving Financial Aid through Grants

34%

Undergraduates Receiving Financial Aid through Loans

52% of undergraduate students at Virginia Polytechnic Institute and State University received financial aid through grants or loans in 2023. This represents a growth of 4% with respect to 2022, when 50% of undergraduate students received financial aid.

This chart compares the average award discount at Virginia Polytechnic Institute and State University (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 Polytechnic Institute and State University was 0%, which represents 0 out of the 4632 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 Polytechnic Institute and State University received 47,208 undergraduate applications in 2023, which represents a 4.16% annual growth. Out of those 47,208 applicants, 26,923 students were accepted for enrollment, representing a 57% acceptance rate.

There were 38,294 students enrolled at Virginia Polytechnic Institute and State University in 2023. 43% of first-time enrollees submitted SAT scores with their applications.

Virginia Polytechnic Institute and State University has an overall enrollment yield of 26.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

57%

Acceptance Rate in 2023

26,923

Accepted Out of 47,208

In 2023, the undergraduate acceptance rate of Virginia Polytechnic Institute and State University was 57% (26,923 admissions from 47,208 applications). This is higher than the acceptance rate of 2022, which was 57%. Between 2022 and 2023, the number of applicants grew by 4.16%, while admissions grew by 4.25%.

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

SAT Scores

43%

Submission Percentage (2023)

3,103

Scores Submitted (2023)

43% of enrolled first-time students at Virginia Polytechnic Institute and State University 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 Polytechnic Institute and State University had a total enrollment of 38,294 students in 2023. The full-time enrollment at Virginia Polytechnic Institute and State University is 35,433 students and the part-time enrollment is 2,861. This means that 92.5% of students enrolled at Virginia Polytechnic Institute and State University are enrolled full-time.

The enrolled student population at Virginia Polytechnic Institute and State University, both undergraduate and graduate, is 55.3% White, 11.4% Asian, 9.37% Hispanic or Latino, 5.83% Black or African American, 4.94% Two or More Races, 0.094% American Indian or Alaska Native, and 0.0783% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Virginia Polytechnic Institute and State University in full-time Undergraduate programs are most commonly White Male (32.7%), followed by White Female (26.1%) and Asian Male (7.23%). Students enrolled in full-time Graduate programs are most commonly White Female (21.6%), followed by White Male (18.5%) and Hispanic or Latino Female (2.93%).

Full-Time vs Part-Time Enrollment

92.5%

Full-Time Enrollment

The total enrollment at Virginia Polytechnic Institute and State University in 2023, both undergraduate and graduate, is 38,294 students. The full-time enrollment at Virginia Polytechnic Institute and State University is 35,433 and the part-time enrollment is 2,861. This means that 92.5% of students enrolled at Virginia Polytechnic Institute and State University are enrolled full-time compared with 77.9% at similar Doctoral Universities.

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

Retention Rate over Time

92%

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 Polytechnic Institute and State University was 92%. Compared with the full-time retention rate at similar Doctoral Universities (84%), Virginia Polytechnic Institute and State University had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
21,171 enrolled students
Asian
4,372 enrolled students
Hispanic or Latino
3,589 enrolled students

The enrolled student population at Virginia Polytechnic Institute and State University is 55.3% White, 11.4% Asian, 9.37% Hispanic or Latino, 5.83% Black or African American, 4.94% Two or More Races, 0.094% American Indian or Alaska Native, and 0.0783% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 46.5% White, 15.9% Hispanic or Latino, and 9.78% 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, 962 students (2.51%) did not report their race.

Graduates

In 2023, 907 fewer women than men received degrees from Virginia Polytechnic Institute and State University. The most common race/ethnicity group of degree recipients at Virginia Polytechnic Institute and State University is white (6,815 degrees awarded). There were 5.82 times more white recipients than the next closest race/ethnicity group, asian (1,171 degrees).

The most common Bachelor's Degree concentration at Virginia Polytechnic Institute and State University is General Computer & Information Sciences (526 degrees awarded), followed by Management Science (486 degrees) and General Finance (359 degrees).

In 2023, the most specialized majors across all degree types at Virginia Polytechnic Institute and State University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Engineering (2,462 degrees awarded), Natural Resources & Conservation (378 degrees), and Architecture and Related Services (223 degrees).

Common Jobs by Major

Software developers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Virginia Polytechnic Institute and State University are Software developers (456,812 people), Other managers (363,861 people), Miscellaneous engineers, including nuclear engineers (358,689 people), Civil engineers (300,440 people), and Mechanical engineers (214,301 people).

The most specialized majors at Virginia Polytechnic Institute and State University in 2023 are Engineering (2,462 degrees awarded), Natural Resources & Conservation (378 degrees), Architecture and Related Services (223 degrees), Human Sciences (575 degrees), and Agriculture (538 degrees) (as of 2023).

Highest Paying Jobs by Major

Podiatrists

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Virginia Polytechnic Institute and State University are Podiatrists, Surgeons, Physicians, Nuclear medicine technologists and medical dosimetrists, and Securities, commodities, & financial services sales agents

The most specialized majors at Virginia Polytechnic Institute and State University are Engineering (2,462 degrees awarded), Natural Resources & Conservation (378 degrees), Architecture and Related Services (223 degrees), Human Sciences (575 degrees), and Agriculture (538 degrees) (as of 2023).

Common Industries by Major

Colleges, universities & professional schools, including junior colleges

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Virginia Polytechnic Institute and State University are Colleges, universities & professional schools, including junior colleges (742,096 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (685,901 people), Computer Systems Design (683,613 people), Elementary & secondary schools (578,128 people), and Architectural, engineering & related services (517,808 people).

Majors Awarded

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

Most Common (2023)

General Computer & Information Sciences
526 degrees awarded
Management Science
486 degrees awarded
General Finance
359 degrees awarded

In 2023, the most common bachelors degree concentration at Virginia Polytechnic Institute and State University was General Computer & Information Sciences with 526 degrees awarded.

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

Sex Breakdown for Common Majors

6,061

Degrees Awarded to Men

in 2023

5,154

Degrees Awarded to Women

in 2023

In 2023, 6,061 degrees were awarded to men at Virginia Polytechnic Institute and State University, which is 1.18 times more than the number of degrees awarded to females (5,154).

This chart displays the sex disparity between the top 5 majors at Virginia Polytechnic Institute and State University by degrees awarded.

Most Common Male Majors

In 2023, 671 degrees were awarded to men at Virginia Polytechnic Institute and State University in General Computer & Information Sciences, which is 3.73 times more than the 180 female recipients with that same degree.

Most Common Female Majors

In 2023, 226 degrees were awarded to men at Virginia Polytechnic Institute and State University in General Psychology, which is 4.71 times more than the 48 male recipients with that same degree.

Time to Complete

68%

100% Completion Time

87%

150% Completion Time

In 2023, 68% of students graduating from Virginia Polytechnic Institute and State University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 87% completed their degrees within 150% of the normal time, and 88% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities 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.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Virginia Polytechnic Institute and State University is Male and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, 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, 2.72% of graduates (159 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
6,815 degrees awarded
Asian
1,171 degrees awarded
Hispanic or Latino
797 degrees awarded

The most common race/ethnicity at Virginia Polytechnic Institute and State University is white (6,815 degrees awarded). There were 5.82 times more white recipients than the next closest race/ethnicity group, asian (1,171 degrees).

2.19% of degree recipients (246 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
3,514 degrees awarded
White Female
3,301 degrees awarded
Asian Male
658 degrees awarded

The most common race/ethnicity and sex grouping at Virginia Polytechnic Institute and State University is white male (3,514 degrees awarded). There were 1.06 times more white male recipients than the next closest race/ethnicity group, white female (3,301 degrees).

Operations

Virginia Polytechnic Institute and State University has an endowment valued at nearly $1.89B, as of the end of the 2023 fiscal year. The return on its endowment was of 60.3M (3.19%) compared to the 4.37% average return (19M on 434M) across all Doctoral Universities.

In 2023, Virginia Polytechnic Institute and State University had a total salary expenditure of 1.85B. Virginia Polytechnic Institute and State University employs 639 Professors, 615 Assistant professors and 607 Associate professors. Most academics at Virginia Polytechnic Institute and State University are Male Professor (484), Male Associate professor (369), and Male Assistant professor (330).

The most common positions for non-instructional staff at Virginia Polytechnic Institute and State University are: Business and Financial Operations, with 2,284 employees, Office and Administrative Support, with 1,160 employees, and Computer, Engineering, and Science with 698 employees.

Endowment

$1.89B

2023 Endowment

12.8%

growth from 2022

Virginia Polytechnic Institute and State University has an endowment valued at about $1.89B, as of the end of the 2023 fiscal year. The endowment of Virginia Polytechnic Institute and State University grew 12.8% from the previous year. The value of their endowment was $1.46B higher than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Highest Research Activity Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$305M - Federal
$26.8M - State
$14.6M - Local

As of 2023, Virginia Polytechnic Institute and State University received $305M in grants and contracts from the federal government, $26.8M from state grants and contracts, and $14.6M from local grants and contracts.

Salary Expenditure

$884M

2023 Salaries

10.4%

growth from 2022

In 2023, Virginia Polytechnic Institute and State University paid a median of $884M in salaries, which represents 47.8% of their overall expenditure ($1.85B) and a 10.4% growth from the previous year. This is compared to a 7.1% growth between 2021 and 2022, and a 0.196% decline between 2020 and 2021.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

Instructional Salaries

$277M

Instructional Salaries

2,171

Number of Employees

In 2023, Virginia Polytechnic Institute and State University paid a total of $277M to 2,171 employees working as instructors, which represents 31.3% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

639 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

2,284 Employees

In 2023, the most common positions for instructional staff at Virginia Polytechnic Institute and State University were Professor with 639 employees, Assistant professor with 615 employees, and Associate professor with 607 employees.

In 2023, the most common positions for non-instructional staff at Virginia Polytechnic Institute and State University were Business and Financial Operations with 2,284 employees, Office and Administrative Support with 1,160 employees, and Computer, Engineering, and Science with 698 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Male Associate professor
Male Assistant professor

In 2023, the most common demographic for instructional staff at Virginia Polytechnic Institute and State University was Male Professor with 484 employees, Male Associate professor with 369 employees, and Male Assistant professor with 330 employees.

This chart shows the sex split between each academic rank present at Virginia Polytechnic Institute and State University.

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