Approximately 34 percent of all undergraduate students were awarded some type of need-based financial assistance in a typical year. This aid is composed of grants, work-study, and loans, including athletic grants and parent loans. In 2013-14, approximately 5,100 undergraduate students were awarded aid from all sources totaling $99.9 million. About 56 percent of this amount, $55.9 million, comes from University funds.
|Major Need-Based Undergraduate Student Aid Program Expenditures, 2013-2014|
|Federal aid||$31.2 million|
|Institutional aid||$55.9 million|
|State aid||$5.8 million|
AccessUVA is the financial aid program created by the University to limit undergraduate student debt and keep higher education affordable for all admitted students, regardless of economic circumstances. The Princeton Review's 2014 edition of the "The Best 376 College" rates it as the 2nd best financial aid program in the nation among public institutions, and third after Swarthmore College and Princeton University among both public and private institutions. The program meets 100% of demonstrated need for admitted U.S. residents, and it provides one-on-one counseling for admitted students and their families.
- Entering first-year students who qualified for loan-free support under AccessUVA: 241
- Entering fall 2013 and spring 2014 transfer students, including BIS students, who qualified for loan-free support under AccessUVA:124.