Virginia Tech Financial Aid and Scholarships
Students Receiving Aid
50%
Total Aid Amount
$118.220M
Financial Aid Official Website
www.finaid.vt.edu
As many as 65% of the students at VPISU get some sort of financial aid, and the total amount of assistance/loans provided is more than $67,057,195 in a year. More information regarding the financial assistance schemes can be accessed on VPISU’s official financial aid page at http://www.finaid.vt.edu. Notably, a total of 16% of the applicants to Virginia Polytechnic Institute and State University receive the Federal Grant every year. On the other hand, 41% of the candidates get the Student Grant, 36% receive the Institution Grant, and 15% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,653, and the same stands at $5,022 for State Grant awardees and $5,405 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,538. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 42% of the applicants to Virginia Polytechnic Institute and State University opt for student loans.
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