Types of Aid
Grants are a type of gift aid that are awarded based on financial need. Unlike loans, grants are not repaid. The Office of University Scholarships and Financial Aid will assess student eligibility for any grants if a FAFSA is filed on or before the priority deadline March 1, 2023 for the 2023-2024 award year.
The office will notify of grant eligiblity in the form of a Financial Aid Award notice letter.
Virginia Tech offers several types of grants through the Federal and State governments as well as other organizations.
Scholarships are another type of gift aid that do not require repayment. Students will automatically be considered for certain institutional scholarships upon the submission of the Free Application for Federal Student Aid (FAFSA) in conjunction with the General Scholarship Application in Scholarship Central. Students may also apply for external scholarships offered in their respective localities, states, or nationwide.
A college education is an important investment and loans are made available from the Federal and private sectors to assist with the cost. Student and parent loans must be repaid. By filing a FAFSA, students and parents may be eligible for loans offered through the Federal Direct Loan Program. Students and families may also seek borrowing opportunities through private banks, credit unions, and student lending companies.
Students that submit a FAFSA may be eligible for employment on or off campus through the Federal Work-Study Program.