General
Information
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The purpose of student financial aid at the
University of Virginia is to provide funds for students who cannot
attend the University without financial assistance. Except for Athletic
Grants-in-Aid, non-need-based loan programs, and a limited number
of special scholarships, students must demonstrate financial need
to receive assistance.
Estimated Costs The estimated average costs (excluding travel expenses) for an undergraduate student at the University of Virginia for the 2001-2002 academic year are:
Financial Need The primary responsibility for financing a college education rests with the student and parents. Thus, a portion of the parents' and student's resources is expected to be available for college expenses. All financial aid applicants are required to complete and submit the Free Application for Federal Student Aid (FAFSA). The FAFSA secures family income and asset information, which is analyzed to produce an estimate of the funds that the student and parents can reasonably be expected to provide for college expenses. This is known as the estimated family contribution (EFC). The difference between the estimated family contribution and the cost of attendance (which includes tuition, fees, room, board, books, personal expenses and travel) is defined as the student's financial need. Students who demonstrate such need are eligible for need-based financial aid. Only students who are over twenty-four,
married, veterans, or wards of the court will be considered for
financial aid without regard to their parents' ability to contribute
to their education. Except in such circumstances, parental financial
information will be required of all aid applicants under 24.
The Aid Package Financial aid is normally
a combination of gift assistance, loan funds, and employment. The
financial aid "package" is determined by the availability of the
various forms of financial aid and the individual circumstances
of the student. The application for University-based grants, loans,
and employment is the FAFSA. Students must be United States citizens
or permanent residents to receive financial aid. Only full-time
students (i.e., those registered for at least 12 credits each semester)
receive financial aid awards. About 35 percent of all undergraduate
students receive financial assistance each year.
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
www.virginia.edu/~finaid/
faid@virginia.edu
Office Hours: 8:00 to 5:00, Monday - Friday |
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| This page was last modified on April 4, 2004 |