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The University of Virginia is committed to awarding aid based on financial need determined by a thorough review of each family's financial circumstances. The Expected Family Contribution (EFC) is calculated using federal guidelines and University policies and is based on information submitted on the Free Application for Federal Student Aid (FAFSA) and additional documents submitted to U. Va. The EFC has a parent and a student component. The parents' and student's contributions are based on their income and assets, which include cash, checking, savings, and money market accounts; their investments and real estate holdings other than their primary residence; their untaxed income; and their business equity. Aid packages must be renewed every year.
For QuestBridge College Match Scholars the University of Virginia replaces need-based loans with grants in the financial aid package as detailed below. The scholarship described below will be automatically renewed for four years of study for College Match Scholars, but students will still need to submit applications for Federal Financial Aid each year.
Financial aid is available for students who elect to attend summer sessions. Summer aid packages, however, generally include student loans.
Scholarship Details
These numbers are based on costs for the 2011-2012 school year. Amounts will change slightly from year to year, but as the cost of college increases, the scholarship packages will correspondingly increase.
Glossary of terms appearing in scholarship package details
Annual Cost of
Attendance | Virginia
Resident | Non-Virginia
Resident |
| Total |
$23,994
|
$48,988 |
| Tuition |
$11,794
|
$36,788 |
| Room |
$4,946 |
$4,946 |
| Board |
$4,090 |
$4,090
|
| Books & Supplies |
$1,184
|
$1,184 |
| Personal |
$1,980 |
$1,980 |
| Other Fees |
$0 |
$0 |
How Costs Are Covered
(Annually) | Virginia
Resident | Non-Virginia
Resident |
| Total |
$23,994
|
$48,988 |
| Grants |
$23,994 |
$48,988 |
Federal Work-Study
|
$0 |
$0 |
Parental Contribution
|
$0 |
$0 |
Student Summer Work Contribution
|
$0 |
$0 |
Student Savings
|
$0 |
$0 |
Student Loan
|
$0 |
$0 |
Outside Scholarships
The University of Virginia provides a generous all-grant package to cover the costs of tuition, fees, room, board and books. Outside scholarships will reduce the University of Virginia grant funds dollar for dollar.
Travel
A travel allowance will be added to the budget, and covered with grants, for residential students who live on or off-campus and whose home is a considerable distance from The University of Virginia.
Health Insurance
The University of Virginia requires all students to have health insurance, either through their parents or another plan. If the student is not covered by a parental plan, the University of Virginia will increase the grant amount to cover the cost of student insurance.
Other Details
Students must maintain Satisfactory Academic Progress, according to the standards and practices of the University. Students who fail to maintain satisfactory progress may not receive federal Title IV assistance or state and University need-based grants and scholarships. The University of Virginia expects all University students to adhere to the University Honor Code.
