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The University helps many graduate students with limited funds meet their college expenses through a variety of programs. Student Financial Services, under the direction of the Financial Aid Committee, administers only Federal loan and employment programs for graduate students. Student awards, including Ford Federal Direct Loans or Federal Work-Study funds, are based on a careful assessment of the applicant's ability to meet educational expenses. Students must apply directly to their academic departments or professional schools for other kinds of financial assistance.

Estimated Costs The estimated average costs for self-supporting graduate students at the University for the 2000-2001 academic year are:
 
Living Expenses(1)
$11,650
Books and Supplies
1000
Tuition and Fees(2)
___

(1)Includes room, board, transportation, and personal expenses.

(2)Refer to chapter 2 for appropriate school tuition and fees.

Financial Need Graduate applicants for Ford Federal Direct Loans or Federal Work-Study funds are required to submit a detailed financial statement to the Federal Student Aid Programs Office. Financial aid funds are limited; therefore, all assistance offered through Student Financial Services is based on an estimate of financial need. Need is determined by comparing the student's budget with his or her resources from income and savings. If the resources are less than the sum needed to meet academic year expenses, the difference becomes the student's financial need.

Funds available to applicants from other sources (e.g., veterans benefits, gifts, scholarships, grants, assistantships, graderships, or fellowships from either outside organizations or the student's academic department) are considered resources in determining financial need. If any such resources become available after an award has been made or received, the student must notify Student Financial Services. Receiving such assistance may necessitate a reduction in the applicant's University awarded aid so that no applicant receives funds in excess of demonstrated financial need.

Student budgets listed in this chapter are based on approved allowances for tuition and fees, books, and living expenses for the academic year, with concessions for such factors as child care and medical expenses.

The Aid Package for graduate students is normally a combination of assistance from the graduate school or department (which may include scholarship, fellowship, or assistantship funds) and loan or employment funding administered by Student Financial Services. Department funds are always awarded by the student's school or department. Funds administered by Student Financial Services are awarded to supplement department assistance or to provide financial support to the extent of student need. Need will be met to the extent of available funds.

Payment and Refund Inquiries For questions or concerns regarding semester bills or expected refunds that have not yet been received, contact Student Financial Services, 434/982-6000.

Student Financial Services
University of Virginia
P.O. Box 400204
1001 N.Emmet Street
Charlottesville, VA 22904-4204
Telephone: (434) 982-6000
(434) 982-HEAR V/TDD

Office Hours: 8:00 to 5:00, Monday through Friday

 

 

 

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This page was last modified on December 7, 2001
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