Virginia Wesleyan believes that no student who wishes to attend our College should be denied the opportunity because of limited financial resources. Therefore, we have worked to provide substantial and varied sources of assistance. Through a combination of grants, scholarships, loans, work-programs and payment plans, Virginia Wesleyan will prepare a package to meet your family's individual needs.
Where do I begin?
The first step toward receiving scholarships and financial aid is to apply for admission to Virginia Wesleyan College. Only admitted students are eligible to receive a financial aid award package. Virginia Wesleyan does not have one specific application deadline; however, many scholarships, grants and other financial aid opportunities require acceptance to the College by a certain date. Note: While accepted students are immediately considered for merit-based scholarships, students must complete the Free Application for Federal Student Aid (FAFSA) to be considered for grants, loans and other resources.
What are the differences between scholarships and financial aid?
Scholarships and grants are funds that do not require repayment. Upon acceptance to Virginia Wesleyan College, students are automatically considered for a variety of institutional scholarships based on their personal achievements. Some scholarships may require additional information. Eligible students will begin receiving scholarship award letters in November.
Financial Aid is a combination of scholarships, grants and self-help aid such as student employment, loans and external resources. When formulating your award package, the Financial Aid Office considers financial need (FN) and personal achievement. All financial aid award packages are subject to change based on FAFSA changes, enrollment status, eligibility for aid programs, deadlines, etc.
How is financial need determined?
The Free Application for Federal Student Aid (FAFSA) is used to collect information about your family's income, assets, household size, and number of family members attending college. This information is entered into a federal formula developed by the U.S. Congress that estimates the family's "ability to contribute" to his or her educational expenses. This "ability to contribute" is called the Expected Family Contribution (EFC). The financial need is determined by subtracting the EFC from the total cost of attendance (COA).
Cost of Attendance - Expected Family Contribution = Financial Need(potential student aid eligibility)
Click here for information on Applying for Financial Aid.