Types of Aid Available

Federal

Pell grants 
Provided directly by the Federal government to students with exceptional need. FAFSA required.

Perkins loans
Low interest loans (5%) awarded by the Financial Aid Office to students with need.

Supplemental Education Opportunity Grant (SEOG) 
Federal funds provided to the school and limited to students who qualify for a Pell Grant.

William D. Ford Federal Direct Loan Program
Students may qualify for subsidized or unsubsidized student loans while their parents may apply for the Federal Parent PLUS Loan program.

State

College Scholarship Assistance Program (CSAP) 
Virginia residents with need.

Commonwealth Awards 
Virginia residents with need. Beginning 1 July 2003 recipients must maintain a 2.0 grade point average after completing 60 credit hours.

Virginia Guaranteed Assistance Program (VGAP) 
Virginia residents with need who graduate from an accredited Virginia secondary school and who meet and maintain required academic standards.

VMI State Cadetship Program 
Virginia residents with need who submit a State Cadetship application and receive a letter of recommendation from their State senator.

Institutional

Comprehensive List of VMI Scholarships
VMI offers scholarships from over 300 endowed funds and from annual gifts.

 

Outside Awards

Outside awards consist of aid from sources and agencies other than VMI.  They are considered resources for determining financial assistance. It is incumbent upon the student to notify the Financial Aid Office of such awards.

Receipt of outside awards may impact VMI's award of financial aid because the combination of all financial aid and scholarships cannot exceed the student's demonstrated need.  If such assistance is received, VMI will revise the financial aid award.  VMI's policy for these adjustments are as follows:

  • Unmet Institutional need will be addressed up to $2000
  • Any remaining scholarship or funding will reduce loan amounts up to $2000 for Virginia residents
  • If additional funds remain, it will reduce grant allocations dollar for dollar