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Covering the Gap

Available Options to Cover the Gap:

Depending on the financial aid you are awarded, you may still have an out-of-pocket cost to attend Virginia Tech.

This cost is the difference between the charges billed on your student account and the amount of financial aid you receive.

Covering the Gap provides a range of options to help you pay for this remaining balance outside of the financial aid already provided to you.

OUTSIDE SCHOLARSHIPS PLUS LOANS PRIVATE LOANS BUDGET TUITION PLAN
Example: Covering the Gap Calculation
$39,670 Cost of Attendance for Academic Year (COA)
-$10,000 Awarded Grants (Federal, State, and Institutional)
-$2,000 Awarded Scholarship (Institutional)
-$5,500 Offered Federal Loans
=$22,170 Out of Pocket Cost for the Academic Year

Things to Keep In Mind:

- The Out of Pocket Cost for the Academic Year represents the gap that will need to covered through additional financial aid or assistance. Students and families should explore the options provided on this page to cover this gap, as it is not fully covered by the initial financial aid package.

- We encourage students and families to use these resources to tailor their financial planning according to their individual family circumstances. If you need help evaluating these options, please don't hesitate to contact our office we are here to assist you. - To calculate your own gap, take your cost of attendance for the academic year and subtract the total amount of financial aid you are receiving. The remaining amount is the gap that you need to cover to attend Virginia Tech for the academic year.