How VMI'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 Military Institute since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,217, which is 71.56 % of all undergraduate students. 973 students which is 57.56% of undergraduate students received federal student loans and the average loan amount is $6,457.

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	1,078 (64%)	$10,911	245 (15%)	$3,843	767 (46%)	$6,199
2014-15	1,045 (61%)	$12,651	239 (14%)	$3,985	809 (48%)	$6,221
2015-16	1,131 (66%)	$13,910	235 (14%)	$4,236	788 (46%)	$7,532
2016-17	1,233 (72%)	$14,543	220 (13%)	$4,210	1,056 (62%)	$6,319
2017-18	1,221 (71%)	$14,188	262 (15%)	$4,497	1,070 (62%)	$6,419
2018-19	1,186 (70%)	$15,561	261 (15%)	$4,590	1,070 (64%)	$6,366
2019-20	1,449 (85%)	$12,299	249 (15%)	$4,595	1,109 (65%)	$6,281
2020-21	1,534 (90%)	$10,267	233 (14%)	$4,641	1,136 (67%)	$6,358
2021-22	1,075 (65%)	$17,109	253 (15%)	$4,796	956 (58%)	$6,417
Average	1,217 (71.56%)	$13,493	244 (14.44%)	$4,377	973 (57.56%)	$6,457

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

Overview

For the last 10 years, on average, 317 (70.78 % of students) received grants or scholarships and its average amount is $14,437. It can cover 28.21% of tuition & fees ($51,186) based on out-of-state rate.

In addition, 294 (65.78 % of students) students get helped from the students loans (average amount : $6,816).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	281 (67%)	$14,317	202 (48%)	$7,384
2014-15	260 (58%)	$15,261	254 (56%)	$6,618
2015-16	271 (62%)	$14,023	258 (59%)	$8,591
2016-17	311 (69%)	$14,434	346 (76%)	$8,265
2017-18	290 (68%)	$17,188	355 (84%)	$6,127
2018-19	310 (68%)	$16,807	355 (78%)	$6,376
2019-20	381 (85%)	$7,961	257 (57%)	$4,106
2020-21	435 (91%)	$10,832	281 (59%)	$7,487
2021-22	316 (69%)	$19,111	341 (75%)	$6,390
Average	317 (70.78%)	$14,437	294 (65.78%)	$6,816

^*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, 66 (14.78 % of students) received Pell (federal) grants and its average amount is $4,290.

In addition, 69 students received State/local government grants/scholarships (15.44 % 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	54 (13%)	$3,946	23 (5%)	$1,174	42 (10%)	$5,931	279 (66%)	$12,667
2014-15	68 (15%)	$4,067	5 (1%)	$1,895	59 (13%)	$5,652	247 (55%)	$13,556
2015-16	57 (13%)	$4,389	13 (3%)	$1,933	52 (12%)	$6,209	269 (62%)	$11,903
2016-17	61 (13%)	$4,416	23 (5%)	$1,995	72 (16%)	$6,152	261 (57%)	$14,294
2017-18	77 (18%)	$4,439	17 (4%)	$1,076	81 (19%)	$6,386	280 (66%)	$14,669
2018-19	67 (15%)	$4,502	15 (3%)	$2,499	85 (19%)	$7,558	308 (68%)	$13,729
2019-20	72 (16%)	$4,411	146 (33%)	$1,080	48 (11%)	$6,137	220 (49%)	$10,288
2020-21	54 (11%)	$3,825	271 (56%)	$640	99 (21%)	$7,421	264 (55%)	$13,626
2021-22	88 (19%)	$4,613	48 (11%)	$10,452	83 (18%)	$8,043	303 (66%)	$14,732
Average	66 (14.78%)	$4,290	62 (13.44%)	$2,527	69 (15.44%)	$6,610	270 (60.44%)	$13,274

^*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, 294 (65.78 % of students) get any students loan help and its average loan amount is $294.

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	202 (48%)	$7,384	194 (46%)	$5,297	28 (7%)	$16,570
2014-15	254 (56%)	$6,618	247 (55%)	$5,377	34 (8%)	$10,384
2015-16	258 (59%)	$8,591	250 (58%)	$5,589	45 (10%)	$18,204
2016-17	346 (76%)	$8,265	334 (74%)	$5,600	54 (12%)	$18,324
2017-18	355 (84%)	$6,127	355 (84%)	$3,322	61 (14%)	$16,323
2018-19	355 (78%)	$6,376	355 (78%)	$2,997	69 (15%)	$17,381
2019-20	257 (57%)	$4,106	245 (55%)	$1,910	51 (11%)	$11,517
2020-21	281 (59%)	$7,487	281 (59%)	$3,385	51 (11%)	$22,604
2021-22	341 (75%)	$6,390	340 (74%)	$2,930	52 (11%)	$22,751
Average	294 (65.78%)	$6,816	289 (64.78%)	$4,045	49 (11.00%)	$17,118

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Scholarships, Grants, and Loan Trends at VMI

All Undergraduate Students Financial Aid Over Time

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