by our College Data Analytics TeamA large number of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to University of Virginia-Main Campus can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will University of Virginia offer you, and what will you qualify for? Read on for more information. Read on to learn how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from University of Virginia-Main Campus.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
At University of Virginia-Main Campus, 57% of first-time, full-time freshmen received some form of financial aid roughly 2255 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 39% | $28,715 |
| Institutional grants & scholarships | 37% | $23,976 |
| Federal Pell grants | 16% | $6,032 |
| State/local grants | 8% | $14,711 |
| Federal student loans | 22% | $4,851 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at University of Virginia, about 49% of undergraduate students received gift aid averaging $24,949 (among about 8636 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 49% | $24,949 |
| Federal Pell grants | 16% | $5,702 |
| Federal student loans | 20% | $5,927 |
For students living on campus and receiving title-IV aid, grants averaged $18,361.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $9,648 |
| $30,001 – $75,000 | $12,243 |
| Over $75,000 | $32,165 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,565 |
| Off-campus title-IV students | $21,479 |
To get a personalized net price estimate, try University of Virginia’s NPC: npc.collegeboard.org/student/app/virginia.
The median federal debt load at University of Virginia comes to $15,153 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,153 |
| Median federal debt (graduates only) | $17,500 |
| Typical 10-year monthly payment (graduates) | $185.53/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. These percentiles trace how cumulative federal debt is spread among borrowers at University of Virginia.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,000 |
| 25th percentile | $8,196 |
| 75th percentile | $26,652 |
| 90th percentile (highest-debt students) | $30,684 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $10,047 |
| Middle income | $15,000 |
| High income | $18,414 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,339 |
| Continuing-generation students | $16,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,500 |
| Independent students | $12,500 |
A handful of calculated indicators summarize the debt outlook at University of Virginia.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at University of Virginia:
| Metric | Value |
|---|---|
| Stafford loan recipients | 31638 |
| Total Stafford loan amount | $818,973,614 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 534 |
| Total GI Bill amount | $16,165,300 |
| Average GI Bill amount per recipient | $30,272 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 11 |
| Total DoD amount | $14,500 |
| Average DoD amount per recipient | $1,318 |
References
More about our data sources and methodologies.