Virginia Tech

2015-2016 Transfer Guide

Financial Aid Information

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How to Apply for Financial Aid at Virginia Tech

    University Scholarships and Financial Aid uses the Free Application for Federal Student Aid (FAFSA) to check eligibility for federal, state, and institutional financial aid. Please view our website to learn about the various types of aid we award. More detailed information about financial aid and the application process can be found at our website.

    Steps to apply:

    1. File the Free Application for Federal Student Aid (FAFSA) as soon as possible after January 1st of each year and before Virginia Tech’s priority deadline of March 1st of every year. When you file the FAFSA, include Virginia Tech’s school code of 003754. More information on the FAFSA process can be found here: The FAFSA Process.

    2. Respond promptly to all requests for additional information as needed.  Documents from departments, scholarship committees, and University Scholarships and Financial Aid may be requested. Failure to do so could result in delays, reductions, and/or cancellations of financial aid. Most requests will be sent to you via email.

    3. Apply for the State of Virginia Two-year College Transfer Grant – If you file your FAFSA by March 1st, have received an associate’s degree from a Virginia 2-year public institution with a GPA of 3.0 or higher, and have an expected family contribution (EFC) of 12,000 or less, you may be eligible. Email University Scholarships and Financial Aid at finaid@vt.edu and to express your interest in this grant.

    4. Apply for scholarships. The deadline to apply for the general scholarships application is February 15th of each year. More information about scholarships for transfer students can be found here: Transfer Students and Scholarships.

    While all students are encouraged to file the FAFSA, students must complete the FAFSA to be considered for all need-based financial aid programs administered by Virginia Tech as well as many scholarship programs.

    Students and families are encouraged to explore the University Scholarships and Financial Aid and University Bursar websites to learn more about the cost of a Virginia Tech education and payment options.

    Students who are awarded financial aid will receive additional information in the award notification available on their Hokie SPA. An email is also sent if there are any revisions to the original award. The award notification may include additional instructions for the student to complete before financial aid is disbursed to the student’s account.

    Students must notify University Scholarships and Financial aid if they will not be enrolled at least ½ time. Students enrolled less than ½ time may not be eligible for certain types of aid.

    Students can subscribe to FLASH.MAIL, Virginia Tech’s financial aid newsletter, and share with anyone interested in subscribing. All current students are automatically subscribed. Subscription information is available at here: FLASHMAIL.

    The Parent Loan (PLUS) Program is available to assist dependent students with education costs.  A separate PLUS loan application is required in addition to the FAFSA application.  Parents can learn more about the application process here: Direct Parent PLUS loans.

    Private/alternative educational loans are also available. More information on these loans can be found here: Private/alternative loans.

    Transfer students are encouraged to monitor the total indebtedness in all student loan programs at all colleges and universities attended. Federal loan amounts borrowed can be viewed here at Studentaid.gov.

Financial Aid for International Students

    Most international students (with the exception of certain refugees) are not eligible for financial aid administered by University Scholarships and Financial Aid. An international student who holds an I-151 or I-551 Alien Registration Receipt Card may meet the citizenship requirements to apply for federally-funded assistance, as may a noncitizen who holds an Arrival-Departure Record (I-94) showing status as a "refugee," "adjustment applicant," "conditional entrant," or "indefinite parole," or an official statement showing that asylum has been granted. Eligible non-residents must present their visa or alien registration card to the financial aid office if requested as part of the FAFSA application process.

Cost of Attendance

    Costs for the academic year (fall and spring semesters) are provided on the University Bursar’s website.  Tuition and fees are listed as well as links to costs for housing and dining plans.  Students should also consider other indirect costs such as personal expenses for travel, laundry, and entertainment when planning personal budgets.

Billing Information

    Registered students will be billed based on actual costs. The exact cost for room and board will vary based on the student’s selection of residence hall and meal plan.

    Tuition, fees, and other costs incurred at the university are financial obligations of the student and are due based on payment terms established by the university. Students can access actual charges assessed on the University Bursar’s website at http://www.bursar.vt.edu. Students should regularly monitor their individual billing statements on Hokie SPA at http://hokiespa.vt.edu. The University Bursar notifies students by email when monthly billing statements are prepared. It is the responsibility of the student to give parents electronic access to the student’s bill. Additional information is available on the University Bursar’s website. The undergraduate catalog contains information concerning payment of tuition and fees. For answers to specific questions, contact the Office of the University Bursar at (540) 231-6277 or bursar@vt.edu.

Other Sources of Assistance

    Virginia Tech offers the Budget Tuition Plan through the University Bursar's Office to give students and parents the option to pay tuition and fees in monthly installments through automatic drafts from a personal checking account. Information is sent by the Office of University Bursar to all incoming students prior to the billing period. The form can also be accessed from their website, www.bursar.vt.edu.

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