Student Loans for VCU Students

About Virginia Commonwealth University

student loansLocated in Richmond, Virginia, VCU, or Virginia Commonwealth University, is the fastest-growing university in the state of Virginia. VCU was founded in 1838, placing it among the country’s oldest institutions. A public university that is home to about 23,500 undergraduate students, VCU is classified by the Carnegie Institute in the bracket of schools having ‘very high research activity,’ which is pretty important when it comes to research budgets and all that good stuff. Despite these impressive credentials, what most people most likely know VCU for is the intrepid Rams basketball team that made their way to the Final Four of the Men’s NCAA Basketball tournament in 2011, a feat never before accomplished by that VCU team. Awesome.

It doesn’t make much sense at all to be spending money unnecessarily when you’re already borrowing money to cover big-time expenses, such as tuition and room and board, does it? Nope. So here’s the lesson we want you to learn: be smart about your spending when you’re on VCU financial aid. Yes, buying tickets to sporting events and going out to eat in Richmond are okay every now and then, as long as the costs don’t eat into your grant money, or worse, funds from your student loan. It’s not difficult to budget intelligently, so do it, okay? Cool.

VCU Financial Aid Packages

student loansEvery single school (with certain notable exceptions, such as Harvard) creates financial aid packages with the same four ingredients: student loans, grants, work-study programs, and scholarships. Such is the way of a VCU financial aid package, and that’s just fine for most students at VCU. Over half of VCU’s student body receives federal student loans, which is just fine. A very small number (~6%) of students at VCU wind up with a financial gap after receiving their aid package, meaning there’s still an outstanding balance they owe to VCU, but they don’t have the money nor did they receive the aid to cover it. In these cases, students commonly turn to private student loans. While that may sound rather foreboding, it’s a very good source of final funding when managed responsibly, and we can help you with that. To find the private student loan that has the lowest impact on your finances and fits you best, just use our private student loan comparison tool on this page.

Pay for Virginia Commonwealth University*

Total Avg. Cost $23,731
Tuition $5,253
Room & Board $9,950
Financial Aid Information
Students Receiving Fin Aid 71%
Typical Grant Amounts
State/Local $3,215
Federal $4,251
%Receiving Loans 51%
Avg. Other Stud. Loans $10,592
%Receiving Other Loans 6%

Get into Virginia Commonwealth University

Admission Rate 70%
Total Enrollment 32,172
Men 42%
Women 58%
Graduation Rate 50%
Application Fee $50

Contact Virginia Commonwealth University

Address
910 W Franklin St
Richmond, VA 23284-2512(804) 828-0100
Financial Aid Office URL
http://www.enrollment.vcu.edu/finaid/
Admissions Office URL
http://www.vcu.edu/apply/

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

 

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