Vcu Financial Aid

Virginia Commonwealth University (VCU) is a premium public research university situated in Richmond, Virginia. There are two campuses of this university with over 32,000 students enrolled in various programs at these campuses.  According to the Carnegie Classification of Institutions of Higher Education, the university has a very high research activity. In 2010 VCU was awarded in excess of $82 million in the NIH research funding. This is the second highest in the state of Virginia.

Due to its heavy focus on providing state-of-the-art research facilities, VCU is an expensive university to study in. However, with the help of a dedicated VCU financial aid department, a majority of students get financial leverages to help them pay for their education. The VCU financial aid consists of scholarships, grants and work study programs. The funds are awarded to the students on need and merit basis. Student loans are also accepted at the university.

Frequently Asked Question(s)

Q:Why do I need to fill out VCU financial aid forms every year?

A:Students are required to fill out VCU financial aid forms at the start of every academic year. As financial aid at VCU is either need based or merit based, the university needs to keep track of the student's academic progress and financial status. In order to accomplish this, students need to adhere to SAP (Satisfactory Academic Progress) guidelines and submit current financial information with their application every year.

Q:What is the application procedure for Virginia Commonwealth University financial aid?

A:The application procedure for Virginia Commonwealth University financial aid is pretty straight forward and requires students to fill out the FAFSA (Free Application for Federal Student Aid) application. Before applying for financial, students are recommended to estimate the cost of their attendance. The FAFSA application is available online and can be submitted at fafsa.ed.gov. Furthermore students are required to include their current financial information with the FAFSA application. It is important that the application is filled out accurately and filled out before the deadline date.

Q:What options of assistance are available with the VCU office of financial aid?

A:The VCU office of financial aid offers its students a number of options. In order to finance their education, students can apply for grants, loans, scholarships and employment programs. In addition to these, Veteran Benefits are also available for students who are interested continuing their studies. Moreover, the financial aid office also offers an installment payment plan.

Q:Is it up to the VCU Financial AidOffice to qualify a student for financial assistance?

A:While it is up to the federal aid officers to decide upon the eligibility of a student for federal financial assistance, it is up to the financial board of the VCU to decide about the eligibility of a student for VCU's institutional financial assistance. Like all colleges and universities, VCU too offers students federal assistance.

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