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

For full-time, first-time beginning students (freshmen), 48.33% of students received grants or scholarships and 41% 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 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.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1412,510 (52%)$7,9504,174 (17%)$4,04110,147 (42%)$6,817
2014-1512,530 (52%)$8,0234,171 (17%)$4,12410,248 (42%)$6,855
2015-1612,614 (50%)$8,5714,143 (16%)$4,15510,226 (40%)$6,640
2016-1712,592 (49%)$8,4264,171 (16%)$4,22210,281 (40%)$6,462
2017-1813,699 (50%)$8,6304,365 (16%)$4,49410,726 (39%)$6,524
2018-1913,435 (48%)$9,0234,392 (16%)$4,53810,836 (39%)$6,188
2019-2016,659 (57%)$8,3454,206 (14%)$4,70810,851 (37%)$6,292
2020-2116,413 (55%)$9,2484,440 (15%)$4,84610,602 (35%)$6,325
2021-2214,957 (50%)$8,8324,462 (15%)$5,00610,254 (34%)$6,357
Average13,934 (51.44%)$8,5614,280 (15.78%)$4,45910,463 (38.67%)$6,496
*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, 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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,427 (45%)$8,2962,160 (40%)$8,089
2014-152,449 (45%)$8,0792,382 (44%)$8,503
2015-162,637 (42%)$8,1552,549 (40%)$8,492
2016-172,528 (43%)$8,2612,374 (40%)$8,517
2017-183,103 (45%)$8,1912,797 (41%)$8,607
2018-192,583 (41%)$8,8492,652 (42%)$8,785
2019-204,526 (59%)$6,7403,115 (41%)$9,744
2020-213,819 (58%)$8,0182,764 (42%)$9,600
2021-223,864 (57%)$7,6492,864 (43%)$10,100
Average3,104 (48.33%)$8,0262,629 (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.

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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14820 (15%)$4,191418 (8%)$3,2231,121 (21%)$4,6112,079 (39%)$4,898
2014-15847 (15%)$4,220472 (9%)$3,4481,237 (23%)$3,6402,057 (38%)$4,901
2015-16904 (14%)$4,287507 (8%)$3,4691,195 (19%)$3,8232,400 (38%)$4,709
2016-17835 (14%)$4,349372 (6%)$4,4051,163 (20%)$3,5572,119 (36%)$5,416
2017-18924 (14%)$4,529378 (6%)$5,6031,065 (16%)$3,6962,759 (40%)$5,501
2018-19920 (15%)$4,729440 (7%)$5,414816 (13%)$5,0222,225 (36%)$5,405
2019-201,049 (14%)$4,7403,043 (40%)$1,579941 (12%)$4,9573,840 (50%)$4,184
2020-211,060 (16%)$4,8551,965 (30%)$2,1311,124 (17%)$5,0843,524 (53%)$4,420
2021-221,094 (16%)$4,989510 (8%)$672978 (15%)$5,2663,736 (55%)$4,980
Average939 (14.78%)$4,543901 (13.56%)$3,3271,071 (17.33%)$4,4062,749 (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.

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.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-142,160 (40%)$8,0892,089 (39%)$5,875353 (7%)$14,734
2014-152,382 (44%)$8,5032,314 (42%)$6,015386 (7%)$16,408
2015-162,549 (40%)$8,4922,477 (39%)$5,761500 (8%)$14,754
2016-172,374 (40%)$8,5172,314 (39%)$5,593453 (8%)$16,064
2017-182,797 (41%)$8,6072,738 (40%)$5,585491 (7%)$17,882
2018-192,652 (42%)$8,7852,556 (41%)$5,292537 (9%)$18,197
2019-203,115 (41%)$9,7443,035 (40%)$5,383702 (9%)$19,964
2020-212,764 (42%)$9,6002,660 (40%)$5,316598 (9%)$20,728
2021-222,864 (43%)$10,1002,774 (41%)$5,386620 (9%)$22,558
Average2,629 (41.44%)$8,9372,551 (40.11%)$5,578516 (8.11%)$17,921

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