VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY

Virginia Polytechnic Institute and State University
Blacksburg, VA 24061

Official telephone: (540) 231-6000

Website: www.vt.edu


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Screen last updated on: January 22, 2010

The financial aid information below is valid for the 2008 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Barry Simmons,
Director of Scholarships and Financial Aid
Contacting the office: 540 231-5179
540 231-9139 (fax)
finaid@vt.edu
FAFSA number: 003754

EXPENSES
Undergraduate tuition: $6,332; $18,789 out-of-state
Additional required fees: $1,866
Book fees: $1,080
Other expenses: $1,866 additional fees are for in-state students; out-of-state students pay $2,036.

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAMarch 11noMarch 11
general scholarship applicationMarch 11noN/A

Date award notification begins: March 30
Applied for financial aid:
72% of first-year students
61% of full-time undergraduates
Determined to have financial need:
60% of first-year students
62% of full-time undergraduates
Students determined to have financial need who received any financial aid:
82% of first-year students
92% of full-time undergraduates
Students determined to have financial need who received any need-based gift aid:
82% of first-year students
82% of full-time undergraduates
Students receiving financial aid who received need-based self-help aid:
76% of first-year students
81% of full-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
24% of first-year students
17% of full-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
18% of first-year students
23% of full-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
64% for first-year students
72% for full-time undergraduates
0% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$11,609 for first-year students
$10,813 for full-time undergraduates
$0 for part-time undergraduates
Average need-based gift award:
$6,924 for first-year students
$5,803 for full-time undergraduates
$0 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$4,002 for first-year students
$4,280 for full-time undergraduates
$0 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,917 for first-year students
$4,139 for full-time undergraduates
$0 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
12% of first-year students
9% of full-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$2,562 for first-year students
$2,480 for full-time undergraduates
$0 for part-time undergraduates
Students who received a non-need-based athletic award:
2% of first-year students
2% of full-time undergraduates
Average non-need-based athletic award:
$10,078 for first-year students
$14,035 for full-time undergraduates
$0 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 5%

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Federal Perkins Loans
  • State Loans
  • College/University Loans
Parent loans packaged to meet need: no
Percent of undergraduates who have borrowed through all loan programs: 52%
Average student debt upon graduation: $21,678
Types of payment plans:
  • school's own payment plan(s)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
  • United Negro College Fund
  • cadet scholarships/grants.
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • athletic scholarships
  • ROTC scholarships



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