$5,439

Avg. Federal Grant

$6,727

Avg. Federal Loan

$10,088,169

Total Aid Awarded

Virginia Union University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$10.088M

Financial Aid Official Website

www.vuuemsa.com/financial-aid

Notably, 96% of the students at Virginia Union University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,945,818. One can visit VUU's financial aid page at http://www.vuuemsa.com/financial-aid for more information. Notably, a total of 78% of the applicants to Virginia Union University receive the Federal Grant every year. In comparison, 92% of the students are awarded the Student Grant, 43% get the Institution Grant, and 78% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,165, the State Grant receivers and Institution Grant beneficiaries get $3,099 and $8,334, respectively. And, for the Pell Grant awardees, the average aid amount is $4,860. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $10,641 in a year. The average aid amount stands at $10,241 for an annual family income between $30,001 and $48,000. This amount comes to $6,498 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $5,475. And, for those with a family income of more than $110,000, the amount stands at $3,953. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Virginia Union University, the percentage of candidates who opt to avail of student loans is around 82%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

73%

State Grant Aid

45%

Institution Grant Aid

39%

Pell Grant

73%

Average Aid Awarded

Federal Grant Aid

$5,439

State Grant Aid

$3,417

Institution Grant Aid

$6,390

Pell Grant

$4,975

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,480

$30,001 - $48,000

$7,867

$48,001 - $75,000

$7,003

$75,001 - $110,000

$6,139

Over $110,000

$4,716

Student Loans for Virginia Union University

Average Loan Amount Average Loan Amount received per year.

$7,666/Year

Students Taking Out Loans

78%

Loan Default Rate

16.1%

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