How Virginia Tech'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 Polytechnic Institute and State University since 2013.

For that period, the average number of students who received grants aid/scholarships is 13,934, which is 51.44 % of all undergraduate students. 10,463 students which is 38.67% of undergraduate students received federal student loans and the average loan amount is $6,496.

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	12,510 (52%)	$7,950	4,174 (17%)	$4,041	10,147 (42%)	$6,817
2014-15	12,530 (52%)	$8,023	4,171 (17%)	$4,124	10,248 (42%)	$6,855
2015-16	12,614 (50%)	$8,571	4,143 (16%)	$4,155	10,226 (40%)	$6,640
2016-17	12,592 (49%)	$8,426	4,171 (16%)	$4,222	10,281 (40%)	$6,462
2017-18	13,699 (50%)	$8,630	4,365 (16%)	$4,494	10,726 (39%)	$6,524
2018-19	13,435 (48%)	$9,023	4,392 (16%)	$4,538	10,836 (39%)	$6,188
2019-20	16,659 (57%)	$8,345	4,206 (14%)	$4,708	10,851 (37%)	$6,292
2020-21	16,413 (55%)	$9,248	4,440 (15%)	$4,846	10,602 (35%)	$6,325
2021-22	14,957 (50%)	$8,832	4,462 (15%)	$5,006	10,254 (34%)	$6,357
Average	13,934 (51.44%)	$8,561	4,280 (15.78%)	$4,459	10,463 (38.67%)	$6,496

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

Overview

For the last 10 years, on average, 3,104 (48.33 % of students) received grants or scholarships and its average amount is $8,026. It can cover 21.87% of tuition & fees ($36,694) based on out-of-state rate.

In addition, 2,629 (41.44 % of students) students get helped from the students loans (average amount : $8,937).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,427 (45%)	$8,296	2,160 (40%)	$8,089
2014-15	2,449 (45%)	$8,079	2,382 (44%)	$8,503
2015-16	2,637 (42%)	$8,155	2,549 (40%)	$8,492
2016-17	2,528 (43%)	$8,261	2,374 (40%)	$8,517
2017-18	3,103 (45%)	$8,191	2,797 (41%)	$8,607
2018-19	2,583 (41%)	$8,849	2,652 (42%)	$8,785
2019-20	4,526 (59%)	$6,740	3,115 (41%)	$9,744
2020-21	3,819 (58%)	$8,018	2,764 (42%)	$9,600
2021-22	3,864 (57%)	$7,649	2,864 (43%)	$10,100
Average	3,104 (48.33%)	$8,026	2,629 (41.44%)	$8,937

^*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, 939 (14.78 % of students) received Pell (federal) grants and its average amount is $4,543.

In addition, 1,071 students received State/local government grants/scholarships (17.33 % 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	820 (15%)	$4,191	418 (8%)	$3,223	1,121 (21%)	$4,611	2,079 (39%)	$4,898
2014-15	847 (15%)	$4,220	472 (9%)	$3,448	1,237 (23%)	$3,640	2,057 (38%)	$4,901
2015-16	904 (14%)	$4,287	507 (8%)	$3,469	1,195 (19%)	$3,823	2,400 (38%)	$4,709
2016-17	835 (14%)	$4,349	372 (6%)	$4,405	1,163 (20%)	$3,557	2,119 (36%)	$5,416
2017-18	924 (14%)	$4,529	378 (6%)	$5,603	1,065 (16%)	$3,696	2,759 (40%)	$5,501
2018-19	920 (15%)	$4,729	440 (7%)	$5,414	816 (13%)	$5,022	2,225 (36%)	$5,405
2019-20	1,049 (14%)	$4,740	3,043 (40%)	$1,579	941 (12%)	$4,957	3,840 (50%)	$4,184
2020-21	1,060 (16%)	$4,855	1,965 (30%)	$2,131	1,124 (17%)	$5,084	3,524 (53%)	$4,420
2021-22	1,094 (16%)	$4,989	510 (8%)	$672	978 (15%)	$5,266	3,736 (55%)	$4,980
Average	939 (14.78%)	$4,543	901 (13.56%)	$3,327	1,071 (17.33%)	$4,406	2,749 (42.78%)	$4,935

^*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, 2,629 (41.44 % of students) get any students loan help and its average loan amount is $2,629.

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	2,160 (40%)	$8,089	2,089 (39%)	$5,875	353 (7%)	$14,734
2014-15	2,382 (44%)	$8,503	2,314 (42%)	$6,015	386 (7%)	$16,408
2015-16	2,549 (40%)	$8,492	2,477 (39%)	$5,761	500 (8%)	$14,754
2016-17	2,374 (40%)	$8,517	2,314 (39%)	$5,593	453 (8%)	$16,064
2017-18	2,797 (41%)	$8,607	2,738 (40%)	$5,585	491 (7%)	$17,882
2018-19	2,652 (42%)	$8,785	2,556 (41%)	$5,292	537 (9%)	$18,197
2019-20	3,115 (41%)	$9,744	3,035 (40%)	$5,383	702 (9%)	$19,964
2020-21	2,764 (42%)	$9,600	2,660 (40%)	$5,316	598 (9%)	$20,728
2021-22	2,864 (43%)	$10,100	2,774 (41%)	$5,386	620 (9%)	$22,558
Average	2,629 (41.44%)	$8,937	2,551 (40.11%)	$5,578	516 (8.11%)	$17,921

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Scholarships, Grants, and Loan Trends at Virginia Tech

All Undergraduate Students Financial Aid Over Time

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