How VCU's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Virginia Commonwealth University since 2013.

For that period, the average number of students who received grants aid/scholarships is 13,325, which is 58.00 % of all undergraduate students. 11,122 students which is 48.00% of undergraduate students received federal student loans and the average loan amount is $6,858.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	11,576 (50%)	$7,736	6,671 (29%)	$4,097	11,910 (51%)	$7,267
2014-15	12,908 (55%)	$8,538	6,761 (29%)	$4,141	12,154 (51%)	$7,188
2015-16	12,666 (53%)	$8,636	6,697 (28%)	$4,156	11,969 (50%)	$7,150
2016-17	13,288 (56%)	$9,066	6,701 (28%)	$4,255	11,866 (50%)	$7,024
2017-18	12,923 (55%)	$9,790	6,740 (28%)	$4,534	11,503 (49%)	$6,801
2018-19	12,892 (54%)	$10,364	6,818 (29%)	$4,547	11,268 (48%)	$6,605
2019-20	13,374 (59%)	$11,276	6,643 (29%)	$4,769	10,629 (47%)	$6,652
2020-21	14,624 (67%)	$11,909	6,519 (30%)	$4,806	9,756 (44%)	$6,560
2021-22	15,675 (73%)	$11,794	6,381 (30%)	$4,871	9,043 (42%)	$6,477
Average	13,325 (58.00%)	$9,901	6,659 (28.89%)	$4,464	11,122 (48.00%)	$6,858

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 2,800 (70.00 % of students) received grants or scholarships and its average amount is $11,134. It can cover 28.68% of tuition & fees ($38,817) based on out-of-state rate.

In addition, 2,157 (54.00 % of students) students get helped from the students loans (average amount : $7,933).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,067 (59%)	$10,630	1,928 (55%)	$7,828
2014-15	2,186 (62%)	$10,592	2,058 (58%)	$7,607
2015-16	2,670 (67%)	$9,540	2,273 (57%)	$7,710
2016-17	2,812 (68%)	$9,187	2,366 (57%)	$8,222
2017-18	2,952 (72%)	$10,203	2,334 (57%)	$7,715
2018-19	3,050 (68%)	$11,035	2,549 (56%)	$8,367
2019-20	3,194 (73%)	$12,811	2,259 (52%)	$8,195
2020-21	2,892 (78%)	$13,623	1,743 (47%)	$7,946
2021-22	3,373 (83%)	$12,583	1,907 (47%)	$7,807
Average	2,800 (70.00%)	$11,134	2,157 (54.00%)	$7,933

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 1,236 (30.89 % of students) received Pell (federal) grants and its average amount is $4,651.

In addition, 1,727 students received State/local government grants/scholarships (43.67 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	977 (28%)	$4,345	57 (2%)	$1,629	1,756 (50%)	$6,179	1,430 (41%)	$4,744
2014-15	1,043 (30%)	$4,321	83 (2%)	$1,451	1,754 (50%)	$6,261	1,461 (41%)	$5,164
2015-16	1,237 (31%)	$4,349	135 (3%)	$1,385	1,601 (40%)	$5,153	2,180 (55%)	$5,347
2016-17	1,249 (30%)	$4,520	149 (4%)	$1,443	1,886 (46%)	$4,807	1,882 (45%)	$5,796
2017-18	1,303 (32%)	$4,759	239 (6%)	$1,801	2,053 (50%)	$5,135	2,449 (59%)	$5,286
2018-19	1,471 (33%)	$4,620	153 (3%)	$1,645	1,710 (38%)	$6,523	2,697 (60%)	$5,731
2019-20	1,370 (31%)	$4,869	1,376 (31%)	$1,448	1,737 (40%)	$7,951	2,900 (66%)	$6,361
2020-21	1,164 (31%)	$4,956	1,192 (32%)	$2,843	1,578 (43%)	$7,289	2,579 (70%)	$7,266
2021-22	1,311 (32%)	$5,116	1,442 (36%)	$2,569	1,467 (36%)	$7,415	2,947 (73%)	$7,178
Average	1,236 (30.89%)	$4,651	536 (13.22%)	$1,802	1,727 (43.67%)	$6,301	2,281 (56.67%)	$5,875

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 2,157 (54.00 % of students) get any students loan help and its average loan amount is $2,157.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	1,928 (55%)	$7,828	1,872 (53%)	$5,690	318 (9%)	$13,961
2014-15	2,058 (58%)	$7,607	2,009 (57%)	$5,590	335 (10%)	$13,210
2015-16	2,273 (57%)	$7,710	2,199 (55%)	$5,490	394 (10%)	$13,841
2016-17	2,366 (57%)	$8,222	2,253 (54%)	$5,433	458 (11%)	$15,748
2017-18	2,334 (57%)	$7,715	2,275 (55%)	$5,333	404 (10%)	$14,539
2018-19	2,549 (56%)	$8,367	2,417 (54%)	$5,327	504 (11%)	$16,772
2019-20	2,259 (52%)	$8,195	2,147 (49%)	$5,227	438 (10%)	$16,644
2020-21	1,743 (47%)	$7,946	1,642 (44%)	$5,174	299 (8%)	$17,903
2021-22	1,907 (47%)	$7,807	1,821 (45%)	$5,222	305 (8%)	$17,637
Average	2,157 (54.00%)	$7,933	2,071 (51.78%)	$5,387	384 (9.67%)	$15,584

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Scholarships, Grants, and Loan Trends at VCU

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time