by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Discover the financial aid possibilities at University of Virginia and learn what assistance you might qualify for by continuing to read.
University of Virginia - Main Campus average financial aid offer for freshmen students is $15,051.00. Approximately 60% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at University of Virginia - Main Campus.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The stats below refer to aid that is provided by University of Virginia - Main Campus.
36% of first-year students (1409 total) were offered scholarships at University of Virginia - Main Campus, averaging $20,863.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 18% of first-year students (687 total) got a federal grant, for about $4,557.00 per person.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 3.75% | $21,618.00 |
| Income 30k-48k | 2.94% | $24,031.00 |
| Income 48k-75k | 3.34% | $18,075.00 |
| Income 75k-110k | 3.98% | $12,073.00 |
| Income 110k + | 3.45% | $2,599.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
60% of the 3918 undergraduates at University of Virginia - Main Campus receive some sort of grant aid. This is a total of about 1526 students getting an average of $15,051.00 per person.
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.