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Financial Aid Information

Alumni Hall

Costs of Attendance

    Costs for the academic year (fall and spring semesters) are based on tuition, fees, room and board, and books and supplies for students living in university residence halls. Not included are personal expenses for travel, laundry, entertainment, and other items that depend on the living habits of the individual student. Fixed charges for full-time students for the 2004-05 academic year are as follows:
    In State
    Out of State
    Tuition and fees
    $ 6,378
    Room and board*
    $ 6,776
    $ 6,776
    *Room charges vary slightly among residence halls.

    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. In view of the increasing costs of operation, the university reserves the right to occasionally increase charges.

    The undergraduate catalog contains information concerning payment of tuition and fees. For answers to specific questions, contact Student Accounts at (540) 231-6277 or bursar@vt.edu.

Reducing Your Financial Burden

    The university offers a budget tuition plan whereby tuition and fee payments may be made in monthly installments through automatic drafts from a personal checking account. Information is mailed by the Office of Student Accounts the University Bursar to all incoming students prior to the billing period.

    The Parent Loan (PLUS) Program and the unsubsidized Direct Federal Stafford Loan Program have no income ceiling. Students not awarded need-based financial aid may apply if they have completed and submitted a Free Application for Federal Student Aid (FAFSA) and PLUS Application, as necessary.

Financial Aid Information

    The university offers financial aid in the form of scholarships, grants, loans, and work study opportunities. These awards are from federal, state, and private sources. Information on these programs is available from the Office of Scholarships and Financial Aid, 200, Student Services Building, Virginia Tech, Blacksburg, VA 24061; (540) 231-5179; or at www.finaid.vt.edu. The website includes links to other information sources for financial aid and links to free scholarship searches.

    You should begin the financial aid application process before you learn of your admissions decision. Non-degree students and those in default of any Title IV program are not eligible for aid administered through the Office of Scholarships and Financial Aid. Part-time students are not eligible for aid through most programs, except the Pell Grant and the Ford Federal Direct Stafford Loans. Students working on a second undergraduate degree may be eligible for Federal Work Study, Perkins Loans, and Ford Federal Direct Stafford Loans.

Aid for International Students

    Because of the citizenship qualification, most international students (with the exception of certain refugees) are not eligible for financial aid administered by the Office of Scholarships and Financial Aid. An international student who holds an I-151 or I-551 Alien Registration Receipt Card meets the citizenship requirements to apply for federally

    funded assistance, as does 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. International student applicants must provide the Office of Scholarships and Financial Aid with a copy of their visa or alien registration card, if requested.

How and When to Apply for Financial Aid

    The financial aid application process begins with completion of the Free Application for Federal Student Aid (FAFSA). Students who wish to apply for general scholarships at Virginia Tech must also complete the online General Scholarship Application. There are strict financial aid application deadlines. Please visit www.finaid.vt.edu/process.html for deadlines and details of the application process.

    Students and their families should also visit www.finaid.vt.edu/collegecost.html and learn more about the cost of a Virginia Tech education and options to consider. There is a variety of choices that families need to consider before deciding on a college choice.

    Filing the FAFSA is required for all need-based aid programs administered by Virginia Tech as well as for many scholarships.

    Additional requirements appear on the FAFSA application which is available after January 1. Students who are awarded aid by Virginia Tech's Office of Scholarships and Financial Aid will receive further instructions in their award notification.

Eligibility for Need-Based Aid

    The federal processor estimates the expected student and parent contributions, based on the data provided on the FAFSA. The expected student and parent contributions are calculated from many factors, but are primarily influenced by income from the past year, assets, family size, and number of family members in college. To determine need, subtract the expected family contribution from the cost of attendance. The cost of attendance includes estimated average expenses for tuition, fees, books and supplies, transportation, room and board, and personal expenses. Out-of-state students should expect a large unmet need as our financial aid funds are limited for non-resident students. Recipients of need-based aid may not receive aid in excess of demonstrated need.

Important Financial Aid Deadlines

    It takes four to six weeks for the FAFSA to be processed by the federal processor and mailed to the university. Funds other than loans rarely are available for students whose applications are received after early March.