by our College Data Analytics TeamMany students attending University of the Virgin Islands can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Discover the financial aid possibilities at UVI and learn what assistance you might qualify for by continuing to read.
University of the Virgin Islands average financial aid offer for freshmen students is $6,387.00. 89% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from University of the Virgin Islands you could end up dealing with.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers apply to scholarships and grants largely offered by the school itself.
43% of new students (146 total) were offered scholarships at University of the Virgin Islands, averaging $3,206.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 71% of freshmen (241 total) obtained a federal grant, for about $5,616.00 a piece.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 39.12% | $7,399.00 |
| Income 30k-48k | 14.12% | $6,517.00 |
| Income 48k-75k | 9.41% | $4,921.00 |
| Income 75k-110k | 4.41% | $3,946.00 |
| Income 110k + | 2.65% | $3,346.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 340 undergraduate students at University of the Virgin Islands around 89% (296 total) receive some form of grant aid. The typical amount awarded was $6,387.00.Most of them are distributed as Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.