by our College Data Analytics TeamA lot of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at University of Virginia’s College at Wise can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will UVa - Wise provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from University of Virginia’s College at Wise.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At University of Virginia’s College at Wise, 99% of new full-time first-years were awarded at least some aid some 309 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $12,262 |
| Institutional grants & scholarships | 99% | $5,416 |
| Federal Pell grants | 65% | $5,546 |
| State/local grants | 99% | $2,808 |
| Federal student loans | 41% | $4,941 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, some 80% of undergraduates were awarded grant or scholarship aid averaging $9,614 (across roughly 1532 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $9,614 |
| Federal Pell grants | 40% | $5,046 |
| Federal student loans | 23% | $6,000 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $17,383.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,534 |
| $30,001 – $75,000 | $6,750 |
| Over $75,000 | $10,307 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,210 |
| Off-campus title-IV students | $11,180 |
To get a personalized net price estimate, try UVa - Wise’s online cost calculator: www.uvawise.edu/affordability/scholarships-aid/net-price-calculator.
A typical borrower at UVa - Wise leaves with $10,695 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,695 |
| Median federal debt (graduates only) | $16,750 |
| Typical 10-year monthly payment (graduates) | $177.58/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at UVa - Wise.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $22,000 |
| 90th percentile (highest-debt students) | $29,919 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $11,000 |
| Middle income | $11,000 |
| High income | $9,847 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,800 |
| Continuing-generation students | $10,194 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $8,375 |
A handful of calculated indicators summarize the debt outlook at UVa - Wise.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at UVa - Wise:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5379 |
| Total Stafford loan amount | $76,776,425 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 18 |
| Total GI Bill amount | $134,759 |
| Average GI Bill amount per recipient | $7,487 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.