Colleges with the best Financial Aid University of Virginia Charottesville

The University of Virginia in Charlottesville is proud to be ranked as the number 2 top public university in the nation by the U.S. News and World report rankings. Additionally the university was voted by students as the second best college for financial aid in the Princeton Review. The university was founded by Thomas Jefferson in 1891 and is located in an area of great beauty, close to the famous Blue Ridge Mountains of Virginia, just 120 miles from Washington D.C.

The area is steeped in history and culture and considered one of the most desirable places to study and live. The University of Virginia promotes a community of respect, tolerance and understanding, and makes it policy to ensure that it is affordable to students who make the grade.

The cost of attending the university is significantly less for in state students than out of state students. In state costs are $22,893 including tuition, but those from out of state face a higher price tag of $47,000. However financial aid is available to all students who are determined to have financial need, including those from middle income families.

The University runs the Access UVa program which is designed to make a Virginia education affordable to all admitted students. Students from low income families are offered loan free financial aid packages with university grants replacing the need for student loans. Additionally those students from middle income families will receive loan caps on need based loans. Students from this income range who demonstrate financial need will have needs based loans capped at 25% of the instate cost of attendance.

Virginia State grants are available to instate students and are awarded on the basis of financial need. The Virginia Guaranteed Assistance Program is open to students who graduated in state with a QCA of 2.5 and demonstrate financial need. The Commonwealth award and the College Scholarship Assistance fund are both State grants available to Virginia state resident students who enrol in the university.

Federal work study is awarded as part of the financial aid package and usually involves students working from between 8 – 15 hours each week. Parents may pay their expected family contribution in interest free instalments which incur a $35 per semester fee.

The university also offers athletic scholarships to students as well as the Jefferson Scholarship which is awarded on merit to students of extraordinary accomplishments. Recipients will be those students who already personify leadership qualities as well as good citizenship skills.

The Access UVa program is an excellent one, making a quality education at the prestigious University of Virginia attainable. Those who do make the grade but require financial aid may find it is possible to graduate with little or limited student debt.

Source: Virginiaedu