Student Loans for Vanderbilt Students
About Vanderbilt University
Located in the heart of Nashville and named for one of the wealthiest individuals of the Gilded Age, Vanderbilt University is a top-tier research institution home to about 12,000 students. Among Vanderbilt’s alumni are two US Vice Presidents, 25 Rhodes Scholars, 7 Nobel laureates and dozens of Pulitzer Prize and Academy Award winners. According to the US News & World Report, Vanderbilt takes the 17th spot among national universities. While this is all awesome, it’s also just over a mile away from downtown Nashville, which is a very cool place it’s hard to find such a blend of academic excellence and perfect location, but it exists in Vanderbilt.
Vanderbilt is an expensive place (though its aid programs are great), and Nashville is a really, really cool city. Your challenge is to make the most you can of both while spending as little as possible. This is really doable; you just have to remember to keep your spending to those things that are essential to your day-to-day life and your education. It doesn’t make much sense to spend money freely on unnecessary stuff if you’re receiving Vanderbilt financial aid, does it?
Applying for Student Loans at Vanderbilt
In order to apply for Vanderbilt University Financial Aid, students must fill out the CSS PROFILE and the Free Application for Federal Student Aid (FAFSA). Students must also submit a copy of their or their parent’s federal tax returns including W-2 forms to the university. If there are any questions, the university’s Office of Student Financial Aid and Undergraduate Scholarships is always happy to help. Once the application for Vanderbilt Financial Aid is approved, students will receive their financial aid award.
Vanderbilt Financial Aid Packages
Vanderbilt is unique in that students are admitted on a need-blind basis, and furthermore because the Vanderbilt Financial Aid program both covers 100% of all demonstrated need and does not include need-based loans. This remarkable characteristic means that most students do not have a debt burden after graduation. Nearly $40 million in financial aid is awarded to 62% of undergraduate students each year, with an average financial aid package of $43,163.
It is wise to have an estimate of just how much you will be able to pay out of pocket and how much financial aid you will need before applying for Vanderbilt financial aid. Students and their families need to remember that tuition is not the only line item they should be concerned with — room and board, textbooks, and transportation costs should figure into your estimate, along with expected personal expenses. The inclusion of these expenses will help students immensely in their financial aid application, and will keep you from being caught off guard by any financial surprises.
Does the Vanderbilt University Financial Aid department ask applicants to submit the non-custodial parent financial aid application?
The Vanderbilt University Financial Aid department does not require applicants to submit the non-custodial financial aid application immediately. However, there may be specified circumstances under which the department needs to gather some information regarding the applicant’s non-custodial parent. Even in such cases, the proper documents and forms as well as defined guidelines are sent to the students in email, postal mail or both.
Pay for Vanderbilt University*
|Total Avg. Cost||$56,634|
|Room & Board||$12,650|
|Financial Aid Information|
|Students Receiving Fin Aid||65%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$9,202|
|%Receiving Other Loans||4%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics