Approximately 27 percent of all full-time 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 2014-15, approximately 5,100 undergraduate students were awarded aid from all sources totaling $97.1 million. About 59 percent of this amount, $57.4 million, comes from University funds.
|Major Need-Based Undergraduate Student Aid Program Expenditures, 2013-2014|
|Federal aid||$10.8 million|
|Institutional aid||$53.9 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 2016 edition of the "The Best 380 Colleges" rates it as one of the nation's ten best financial aid programs. 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.