The W&L Promise: Any admitted undergraduate student from a family with income below $75,000 and assets typical for their income will receive full tuition without loans. He or she may also be eligible for additional assistance without loans for room and board, depending on demonstrated need. Transfer students are not eligible for the W&L Promise.
W&L will continue to meet the full demonstrated need through grants and work-study jobs and without loans for admitted students from families in other income brackets.
W&L's Johnson Scholarship will continue to provide full-tuition, room-and-board scholarships without loans each year to up to 44 of the most exceptionally qualified students regardless of their family's financial circumstances. At least half of those students will have demonstrated need, and each Johnson Scholar also receives financial support for summer opportunities such as internships, research or independent projects.
W&L will continue to build on the success of its efforts to raise $160 million for need-based financial aid through its capital Honor the Past, Build for the Future: The Campaign for Washington and Lee, in order to meet the financial aid expansion by building endowment rather than by aggressive increases in tuition.