$6,203

Avg. Federal Grant

$5,585

Avg. Federal Loan

$118,220,083

Total Aid Awarded

Virginia Tech Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

50%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

15%

State Grant Aid

16%

Institution Grant Aid

40%

Pell Grant

14%

Average Aid Awarded

Federal Grant Aid

$6,203

State Grant Aid

$3,696

Institution Grant Aid

$5,501

Pell Grant

$4,529

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,839

$30,001 - $48,000

$12,315

$48,001 - $75,000

$7,944

$75,001 - $110,000

$2,811

Over $110,000

$724

Student Loans for Virginia Tech

Average Loan Amount Average Loan Amount received per year.

$8,607/Year

Students Taking Out Loans

41%

Loan Default Rate

N/A

Other Colleges In Virginia

Other Public Colleges