$5,077

Avg. Federal Grant

$5,348

Avg. Federal Loan

$138,050,314

Total Aid Awarded

University of Virginia (UVA) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

43%

Total Aid Amount Average Total Aid Awarded per year.

$138.050M

Financial Aid Official Website

sfs.virginia.edu

Among them are scholarship programs such as Log Cabin Rustics Scholarship and Virginia Military Survivors and Dependents Education Program. Notably, 57% of the students at University of Virginia-Main Campus get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $24,579,188. For additional information about financial assistance schemes, one can head over to UVMC’s financial aid page at http://sfs.virginia.edu. Notably, a total of 14% of the applicants to University of Virginia-Main Campus receive the Federal Grant every year. In comparison, 37% of the students are awarded the Student Grant, 35% get the Institution Grant, and 13% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,975, the State Grant receivers and Institution Grant beneficiaries get $12,745 and $20,701, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,528. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At UVMC, an estimated number of 29% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

14%

State Grant Aid

5%

Institution Grant Aid

36%

Pell Grant

13%

Average Aid Awarded

Federal Grant Aid

$5,077

State Grant Aid

$12,987

Institution Grant Aid

$18,525

Pell Grant

$4,593

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$24,191

$30,001 - $48,000

$21,015

$48,001 - $75,000

$18,514

$75,001 - $110,000

$10,185

Over $110,000

$2,615

Student Loans for University of Virginia (UVA)

Average Loan Amount Average Loan Amount received per year.

$7,472/Year

Students Taking Out Loans

29%

Loan Default Rate

1.5%

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