Over the past 10 years (2013-2022), 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.

For full-time, first-time beginning students (freshmen), 70.78% of students received grants or scholarships and 66% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows 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.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,078 (64%)$10,911245 (15%)$3,843767 (46%)$6,199
2014-151,045 (61%)$12,651239 (14%)$3,985809 (48%)$6,221
2015-161,131 (66%)$13,910235 (14%)$4,236788 (46%)$7,532
2016-171,233 (72%)$14,543220 (13%)$4,2101,056 (62%)$6,319
2017-181,221 (71%)$14,188262 (15%)$4,4971,070 (62%)$6,419
2018-191,186 (70%)$15,561261 (15%)$4,5901,070 (64%)$6,366
2019-201,449 (85%)$12,299249 (15%)$4,5951,109 (65%)$6,281
2020-211,534 (90%)$10,267233 (14%)$4,6411,136 (67%)$6,358
2021-221,075 (65%)$17,109253 (15%)$4,796956 (58%)$6,417
Average1,217 (71.56%)$13,493244 (14.44%)$4,377973 (57.56%)$6,457
*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

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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14281 (67%)$14,317202 (48%)$7,384
2014-15260 (58%)$15,261254 (56%)$6,618
2015-16271 (62%)$14,023258 (59%)$8,591
2016-17311 (69%)$14,434346 (76%)$8,265
2017-18290 (68%)$17,188355 (84%)$6,127
2018-19310 (68%)$16,807355 (78%)$6,376
2019-20381 (85%)$7,961257 (57%)$4,106
2020-21435 (91%)$10,832281 (59%)$7,487
2021-22316 (69%)$19,111341 (75%)$6,390
Average317 (70.78%)$14,437294 (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.

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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1454 (13%)$3,94623 (5%)$1,17442 (10%)$5,931279 (66%)$12,667
2014-1568 (15%)$4,0675 (1%)$1,89559 (13%)$5,652247 (55%)$13,556
2015-1657 (13%)$4,38913 (3%)$1,93352 (12%)$6,209269 (62%)$11,903
2016-1761 (13%)$4,41623 (5%)$1,99572 (16%)$6,152261 (57%)$14,294
2017-1877 (18%)$4,43917 (4%)$1,07681 (19%)$6,386280 (66%)$14,669
2018-1967 (15%)$4,50215 (3%)$2,49985 (19%)$7,558308 (68%)$13,729
2019-2072 (16%)$4,411146 (33%)$1,08048 (11%)$6,137220 (49%)$10,288
2020-2154 (11%)$3,825271 (56%)$64099 (21%)$7,421264 (55%)$13,626
2021-2288 (19%)$4,61348 (11%)$10,45283 (18%)$8,043303 (66%)$14,732
Average66 (14.78%)$4,29062 (13.44%)$2,52769 (15.44%)$6,610270 (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.

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.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14202 (48%)$7,384194 (46%)$5,29728 (7%)$16,570
2014-15254 (56%)$6,618247 (55%)$5,37734 (8%)$10,384
2015-16258 (59%)$8,591250 (58%)$5,58945 (10%)$18,204
2016-17346 (76%)$8,265334 (74%)$5,60054 (12%)$18,324
2017-18355 (84%)$6,127355 (84%)$3,32261 (14%)$16,323
2018-19355 (78%)$6,376355 (78%)$2,99769 (15%)$17,381
2019-20257 (57%)$4,106245 (55%)$1,91051 (11%)$11,517
2020-21281 (59%)$7,487281 (59%)$3,38551 (11%)$22,604
2021-22341 (75%)$6,390340 (74%)$2,93052 (11%)$22,751
Average294 (65.78%)$6,816289 (64.78%)$4,04549 (11.00%)$17,118

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