Approximately 33 percent of all undergraduate students receive some type of need-based financial assistance in a typical year. This aid is composed of grants, work-study, and loans, including athletic grants and parent loans. In 2011-12, approximately 4,778 undergraduate students received aid from all sources totaling $89.2 million. About 55 percent of this amount, $508 million, comes from University funds.Major Need-Based Undergraduate Student Aid Program Expenditures, 2011-2012
Federal aid $26.8 million
Institutional aid $50.8 million
State aid $5.3 million
Other $6.9 million
AccessUVA is the financial aid program created by the University to limit undergraduate student debt and keep higher education affordable for all admitted students, regardless of economic circumstances. The Princeton Review's 2012 edition of the "The Best 376 College" rates it as the best financial aid program in the nation among public institutions, and third after Swarthmore College and Princeton University among both public and private institutions. The program meets 100% of demonstrated need for admitted U.S. residents, and it provides one-on-one counseling for admitted students and their families.
- Entering first-year students who qualified for loan-free support under AccessUVA: 230
- Entering fall 2011 and spring 2012 transfer students, including BIS students, who qualified for loan-free support under AccessUVA:107.