$5,031

Avg. Federal Grant

$5,333

Avg. Federal Loan

$126,516,073

Total Aid Awarded

Virginia Commonwealth University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$126.516M

Financial Aid Official Website

https://www.finaid.vcu.edu

Among them are scholarship programs such as Undergraduate Scholarship and Virginia Military Survivors and Dependents Education Program. As many as 81% of the students at VCU get some sort of financial aid, and the total amount of assistance/loans provided is more than $74,429,887 in a year. One can visit VCU's financial aid page at https://www.finaid.vcu.edu for more information. At VCU, the total percentage of applicants who receive the Federal Grant stands at 33%. In comparison, 68% of the students are awarded the Student Grant, 60% get the Institution Grant, and 33% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,752, while the same comes to $6,523 for State Grant receivers and $5,731 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,547. 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. Candidates are also required to repay these loans within a given period. Every year, around 56% of the applicants to Virginia Commonwealth University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

32%

State Grant Aid

50%

Institution Grant Aid

59%

Pell Grant

32%

Average Aid Awarded

Federal Grant Aid

$5,031

State Grant Aid

$5,135

Institution Grant Aid

$5,286

Pell Grant

$4,759

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$16,188

$30,001 - $48,000

$12,041

$48,001 - $75,000

$8,893

$75,001 - $110,000

$5,855

Over $110,000

$3,142

Student Loans for Virginia Commonwealth University

Average Loan Amount Average Loan Amount received per year.

$7,715/Year

Students Taking Out Loans

57%

Loan Default Rate

4.1%

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