For the academic year 2022-2023, 77% of students received grants and/or scholarships and its average aid amount is $14,747.

Compared to the percent of received 10 years ago, more students received the financial aid from 71% to 77%. The average financial aid amount has increased from $9,818 to $15,202 at Virginia Colleges.


All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Virginia Colleges since 2013. For that period, the average number of students who received grants aid/scholarships is 180,419, which is 73.20 % of all undergraduate students.

139,844 students which is 57.50% of undergraduate students received federal student loans and the average loan amount: $7,383.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14175,417 (71%)$9,81896,364 (43%)$3,820155,389 (64%)$7,617
2014-15178,275 (73%)$10,13697,529 (44%)$3,907156,298 (64%)$7,684
2015-16176,879 (73%)$10,76092,391 (41%)$3,982149,529 (61%)$7,800
2016-17175,625 (74%)$11,42890,721 (39%)$3,971147,478 (59%)$7,666
2017-18178,642 (71%)$11,81392,443 (38%)$4,169145,949 (58%)$7,477
2018-19174,592 (71%)$13,32692,063 (37%)$4,366141,272 (57%)$7,276
2019-20181,136 (72%)$13,38090,834 (36%)$4,252138,543 (56%)$6,999
2020-21177,718 (73%)$14,21986,759 (35%)$4,432129,252 (53%)$7,091
2021-22186,055 (77%)$14,84683,655 (36%)$4,598118,901 (51%)$7,318
2022-23199,852 (77%)$15,20283,872 (36%)$4,839115,833 (52%)$6,905
Average180,419 (73.20%)$12,49390,663 (38.50%)$4,234139,844 (57.50%)$7,383
*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.

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

Over the past 10 years, on average, 32,974 (82.10 % of students) received grants or scholarships and its average amount is $14,477. It can cover 41.11% of tuition & fees ($35,213) based on out-of-state rate. In addition, 25,430 (64.70 % of students) students get helped from the students loans (average amount : $7,855).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1428,993 (79%)$10,90225,775 (68%)$7,876
2014-1529,532 (80%)$11,90426,416 (70%)$7,671
2015-1630,509 (83%)$13,07325,909 (69%)$7,665
2016-1731,257 (81%)$13,48126,542 (69%)$7,900
2017-1832,594 (78%)$14,45326,800 (66%)$7,794
2018-1933,388 (78%)$14,38527,039 (62%)$7,759
2019-2035,909 (83%)$15,83726,582 (62%)$8,081
2020-2133,704 (83%)$15,99723,024 (58%)$8,078
2021-2234,843 (88%)$17,01422,798 (63%)$7,739
2022-2339,011 (88%)$17,72723,412 (60%)$7,987
Average32,974 (82.10%)$14,47725,430 (64.70%)$7,855
*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.

The following table shows the trends of grants or scholarships over time. Over the past 10 years, on average, 13,888 (44.20 % of students) received Pell (federal) grants and its average amount is $4,668. In addition, 13,670 students received State/local government grants/scholarships (40.30 % of students).

YearFederal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1413,479 (47%)$4,2103,931 (18%)$1,65413,228 (39%)$4,17721,458 (67%)$9,719
2014-1513,765 (48%)$4,2994,792 (19%)$1,53913,436 (41%)$4,43221,765 (67%)$10,019
2015-1613,256 (46%)$4,4184,564 (20%)$1,59112,925 (39%)$3,74224,333 (69%)$11,170
2016-1713,765 (44%)$4,5594,653 (20%)$1,70313,948 (41%)$4,02624,338 (68%)$11,328
2017-1814,437 (43%)$4,4064,926 (22%)$1,54413,968 (40%)$4,28526,361 (71%)$12,451
2018-1914,553 (43%)$4,5884,958 (19%)$1,70114,038 (41%)$4,33227,690 (72%)$12,669
2019-2014,799 (43%)$4,73215,643 (37%)$1,58114,037 (41%)$4,63129,422 (73%)$13,300
2020-2113,317 (40%)$4,91611,799 (32%)$1,97213,284 (39%)$4,63727,750 (73%)$13,559
2021-2213,415 (45%)$5,12410,757 (26%)$1,88912,974 (39%)$5,07229,737 (77%)$15,107
2022-2314,094 (43%)$5,4246,732 (21%)$1,99814,865 (43%)$5,47935,731 (80%)$14,548
Average13,888 (44.20%)$4,6687,276 (23.40%)$1,71713,670 (40.30%)$4,48126,859 (71.70%)$12,387

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. Over the past 10 years, on average, 25,430 (64.70 % of students) get any students loan help and its average loan amount is $25,430.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1425,775 (68%)$7,87625,289 (67%)$6,8993,103 (9%)$11,832
2014-1526,416 (70%)$7,67125,944 (69%)$6,7903,021 (7%)$11,928
2015-1625,909 (69%)$7,66525,279 (68%)$6,4113,730 (9%)$12,664
2016-1726,542 (69%)$7,90025,860 (68%)$6,6883,669 (9%)$13,137
2017-1826,800 (66%)$7,79426,206 (65%)$6,6093,811 (8%)$13,044
2018-1927,039 (62%)$7,75926,174 (62%)$6,2564,414 (10%)$13,477
2019-2026,582 (62%)$8,08125,714 (61%)$6,2514,492 (10%)$14,413
2020-2123,024 (58%)$8,07822,269 (59%)$6,2013,550 (8%)$15,163
2021-2222,798 (63%)$7,73921,986 (63%)$6,0133,526 (8%)$15,035
2022-2323,412 (60%)$7,98722,543 (59%)$5,8293,913 (10%)$15,491
Average25,430 (64.70%)$7,85524,726 (64.10%)$6,3953,723 (8.80%)$13,618