Jul 2, 2011

FREE Money for Virginia Residents

Who turns down an offer of free money? It doesn’t sound possible, yet surprisingly few Virginians are aware of the Tuition Assistance Grant (VTAG) program for residents of the Commonwealth attending in-state private nonprofit colleges and universities.

Neither merit- nor need-based, VTAG is a little gift from the state legislature designed to bring down tuition rates for Virginia residents attending private institutions and level the playing field a little with the relatively inexpensive public system. Under the terms of the program, students do NOT have to

  • Pay the money back

  • Demonstrate financial need

  • File any kind of financial statement

The exact amount of each academic year’s award is determined by both the amount appropriated by the Virginia General Assembly and the total number of eligible applicants. Until all the numbers are added up, the State Council of Higher Education for Virginia (SCHEV) only provides an estimated dollar value for applicant planning purposes.

This year’s undergraduate grant totaled $2,600 for the academic year. Over four years, this translates to $10,400—free money, no strings attached!

Note that graduate students enrolled in eligible degree programs also qualify for tuition assistance grants, which for the 2010-11 academic year amounted to $1,150.

Application forms are available to download on the SCHEV website. In order to receive the maximum award, a student must submit a completed application to the institution’s financial aid office by July 31st of the award year. Applications submitted after July 31st but no later than December 1st, will be considered for an award only if funds are available.

Participating institutions include:

  1. Appalachian School of Law

  2. Averett University

  3. Bluefield College

  4. Bridgewater College

  5. Christendom College

  6. Eastern Mennonite University

  7. Edward Via Virginia College of Osteopathic Medicine

  8. Emory & Henry College

  9. Ferrum College

  10. George Washington University (VA campus only)

  11. Hampden-Sydney College

  12. Hampton University

  13. Hollins University

  14. Institute for the Psychological Sciences

  15. Jefferson College of Health Sciences

  16. Liberty University

  17. Lynchburg College

  18. Mary Baldwin College

  19. Marymount University

  20. Randolph College

  21. Randolph-Macon College

  22. Regent University

  23. Roanoke College

  24. Saint Paul's College

  25. Shenandoah University

  26. Southern Virginia University

  27. Sweet Briar College

  28. University of Richmond

  29. Virginia Intermont College

  30. Virginia Tech Carilion School of Medicine

  31. Virginia Union University

  32. Virginia Wesleyan College

  33. Washington & Lee University

For more information about the Virginia Tuition Assistance Grant, contact the State Council of Higher Education for Virginia, Financial Aid Department, at 804.225.2632 or visit the SCHEV website and click on Financial Aid.

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