$4,582

Avg. Federal Grant

$7,377

Avg. Federal Loan

$36,124,936

Total Aid Awarded

Virginia State University (VSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$36.125M

Financial Aid Official Website

www.vsu.edu/financial-aid/index.php

Among them are scholarship programs such as Math, Science, and Technology Scholarship, Presidential Scholarship, Provost Scholarship, and University Scholarship. It is interesting to note that, every year, around 92% of students at VSU receive some kind of financial aid, while the total amount of assistance/loans provided is $26,044,327. For additional information about financial assistance schemes, one can head over to VSU’s financial aid page at http://www.vsu.edu/financial-aid/index.php. At VSU, the total percentage of applicants who receive the Federal Grant stands at 67%. Meanwhile, 92% of the applicants receive the Student Grant and 62% are awarded the Institution Grant, while 67% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,094, and the same stands at $4,056 for State Grant awardees and $1,414 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,700. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. At Virginia State University, the percentage of candidates who opt to avail of student loans is around 92%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

43%

Institution Grant Aid

62%

Pell Grant

67%

Average Aid Awarded

Federal Grant Aid

$4,582

State Grant Aid

$3,646

Institution Grant Aid

$1,271

Pell Grant

$4,385

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,145

$30,001 - $48,000

$7,251

$48,001 - $75,000

$4,645

$75,001 - $110,000

$3,070

Over $110,000

$1,260

Student Loans for Virginia State University (VSU)

Average Loan Amount Average Loan Amount received per year.

$7,477/Year

Students Taking Out Loans

92%

Loan Default Rate

15.2%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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