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.
Work-Study
Jobs for upperclassmen with demonstrated financial need. Students work up to 15 hours per week in a variety of jobs on and off (community service) post.
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 Institutional 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 can include, but are not restricted to, scholarships from community or civic groups, Veterans' Benefits, and prepaid tuition plans. 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 our offer and send an award letter reflecting the adjustments. VMI's policy for these adjustments are as follows:
- Unmet Institutional need will be addressed
- Any remaining scholarship or funding will reduce loan amounts and then work-study amounts
- If additional funds remain, it will reduce grant allocations dollar for dollar
