Affordable Alternatives to Washington and Lee University
Open-data reference.
We found 15 schools structurally similar to Washington and Lee University that cost less. 2 offer comparable or better earnings outcomes.
Your School
Lexington, Virginia · Private Nonprofit
What the IPEDS & College Scorecard Data Shows for Alternatives to Washington and Lee University
Washington and Lee University posts an average net price of $23,781 after grants and scholarships, the IPEDS-derived figure used to anchor this alternatives search. We screened institutions in the Integrated Postsecondary Education Data System for colleges that report a lower net price and share structural similarity with Washington and Lee University across six dimensions — ownership sector, Carnegie classification, undergraduate enrollment, admission rate, graduate earnings, and completion rate. 15 institutions cleared a 40-percent similarity threshold.
The maximum possible savings across this list is $10,411, achieved by Rice University at $13,370. Of greater interest to ROI-focused applicants: 2 of the 15 alternatives also report median 10-year earnings at or above Washington and Lee University’s $94,810, meaning lower cost is not paired with lower earnings. The mean median-earnings figure across alternatives is $87,423.
The similarity scoring treats enrollment size, Carnegie classification, and ownership sector as high-weight features because those structural attributes correlate most strongly with student experience and post-graduation outcomes in the College Scorecard literature. Admission rate and graduation rate enter as secondary features, while net price drives the cost-ranking that determines which institutions appear. Net price is an IPEDS-reported figure calculated as the average cost of attendance minus institutional and federal grants for first-time, full-time undergraduates receiving Title IV aid — so it already accounts for the aid a typical admitted student would receive. That makes it a more honest cost comparison than sticker-price tuition alone.
Similar Schools That Cost Less
Top 5 alternatives by 10-yr earnings
Source: U.S. Department of Education — College Scorecard Institution-level earnings + cost-of-attendance file · 2024 (latest release) Median 10-year earnings reflect federal-aid recipients only; net price reflects sticker price minus average grants/scholarships.
| School | Net Price | Savings | Earnings (10yr) | Graduation | Similarity |
|---|---|---|---|---|---|
| Williams College Williamstown, MA · Private Nonprofit | $17,716 | -$6,065 | $88,665 | 95.1% | 84% |
| Davidson College Davidson, NC · Private Nonprofit | $17,379 | -$6,402 | $81,400 | 91.5% | 82% |
| Bowdoin College Brunswick, ME · Private Nonprofit | $14,398 | -$9,383 | $82,735 | 95.4% | 79% |
| Amherst College Amherst, MA · Private Nonprofit | $23,367 | -$414 | $77,644 | 93.7% | 76% |
| Swarthmore College Swarthmore, PA · Private Nonprofit | $23,149 | -$632 | $80,257 | 93.2% | 73% |
| Pomona College Claremont, CA · Private Nonprofit | $19,285 | -$4,496 | $77,779 | 93.2% | 71% |
| Colby College Waterville, ME · Private Nonprofit | $17,180 | -$6,601 | $80,490 | 89.5% | 65% |
| Washington University in St Louis St. Louis, MO · Private Nonprofit | $21,786 | -$1,995 | $86,182 | 94.3% | 59% |
| Rice University Houston, TX · Private Nonprofit | $13,370 | -$10,411 | $89,718 | 95.2% | 58% |
| Vanderbilt University Nashville, TN · Private Nonprofit | $15,846 | -$7,935 | $91,565 | 93.1% | 57% |
| University of Chicago Chicago, IL · Private Nonprofit | $14,860 | -$8,921 | $91,885 | 95.4% | 56% |
| Johns Hopkins University Baltimore, MD · Private Nonprofit | $18,809 | -$4,972 | $87,555 | 94.2% | 55% |
| University of California-Berkeley Berkeley, CA · Public | $13,481 | -$10,300 | $92,446 | 92.9% | 53% |
| Yale University New Haven, CT · Private Nonprofit Better Value | $23,777 | -$4 | $100,533 | 96.0% | 52% |
| Columbia University in the City of New York New York, NY · Private Nonprofit Better Value | $21,590 | -$2,191 | $102,491 | 95.5% | 51% |
Top Similar Alternatives
Quick picks from the full list — compare any two schools side by side
How We Match Schools
Our similarity engine compares schools across six dimensions: institution type (Carnegie classification), ownership (public/private), enrollment size, admission selectivity, graduate earnings, and completion rates. Each dimension is weighted by its impact on student outcomes.
Only schools with a lower average net price than Washington and Lee University are shown. Schools marked "Better Value" have comparable or higher median earnings at a lower cost.
Data source: U.S. Department of Education College Scorecard. Earnings are median values 10 years after enrollment, drawn from U.S. Treasury tax records. Net price is the average cost after grants and scholarships for first-time, full-time students, as reported through IPEDS.
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Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Department of Education College Scorecard. Consult a qualified professional before making decisions based on this data.
Read our methodology — how this data is sourced, computed, and verified.