$3,460

Avg. Federal Grant

$700

Avg. Federal Loan

$10,814

Total Aid Awarded

Virginia International University (VIU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

10%

Total Aid Amount Average Total Aid Awarded per year.

$10.814K

Financial Aid Official Website

www.viu.edu/admissions-aid/financial-aid/

As many as 5% of the students at FUA receive some kind of financial aid, shows the latest data. At FUA, the total percentage of applicants who receive the Federal Grant stands at 3%. Meanwhile, 3% of the applicants receive the Student Grant and 3% are awarded the Institution Grant, while 3% of the students get the Pell Grant. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 3% of the applicants to Fairfax University of America opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

17%

State Grant Aid

17%

Institution Grant Aid

17%

Pell Grant

17%

Average Aid Awarded

Federal Grant Aid

$3,460

State Grant Aid

$500

Institution Grant Aid

$500

Pell Grant

$2,960

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants , with Federal grants having the highest contribution of 17% with an average aid amount being $3460.

Pell grants have a percentage of 17% with an average aid amount of $2960 which is higher than the State grant aid average of $500.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,085

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $4085.This helps students who are coming from low income homes to pay for their degree.

Student Loans for Virginia International University (VIU)

Average Loan Amount Average Loan Amount received per year.

$700/Year

Students Taking Out Loans

17%

Loan Default Rate

N/A

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