by our College Data Analytics TeamThe total cost of attendance at Virginia Military Institute can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Discover the financial aid possibilities at VMI and learn what assistance you might qualify for by continuing to read.
$13,451.00 is the typical Virginia Military Institute’s first year financial aid package. 94% of reshman students get financial aid, most of which is in the form of grants and scholarships
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Virginia Military Institute.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers apply to scholarships and grants largely offered by the school itself.
49% of new students (220 total) were offered scholarships at Virginia Military Institute, averaging $10,288.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 49% of freshmen (218 total) obtained a federal grant, for about $2,181.00 a piece.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 4.03% | $21,864.00 |
| Income 30k-48k | 3.80% | $19,991.00 |
| Income 48k-75k | 5.59% | $18,807.00 |
| Income 75k-110k | 8.72% | $14,247.00 |
| Income 110k + | 22.60% | $5,026.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
381 VMI undergrads obtain grant aid (this is about 94% of the entire undergraduate student population). The average amount these students receive is $13,451.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
