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Fact Sheet: Virginia Commonwealth Award Program

Download printable version of fact sheet Virginia Commonwealth Award Fact Sheet PDF Format

General Description and Purpose

The purpose of the Virginia Commonwealth Award is to assist undergraduate students with financial need and graduate students to pay part of their college costs. The funds are appropriated directly to each state-supported institution. Funds may be used for need-based grants to Virginia resident undergraduates or for grants or assistantships to graduate students (both in-state and out-of-state). The law requires that the awards to undergraduates be proportional to need so that the students with the greatest need receive the largest awards.

Application Process

The application and awards process are administered by the financial aid office at each Virginia public college or university. Contact the financial aid office at the college you plan to attend for application procedures and deadlines.

Eligibility

In order for an undergraduate student to be eligible for an award, a student must:

In order for a graduate student to be eligible for an award, a student must:

Awards

Undergraduate: The actual awards will vary by institution and are subject to available funding. The awards may not exceed tuition and required fees.

Graduate: The actual awards will vary by institution and are subject to available funding. The institution will determine the award.

Renewal

Pending the availability of funds, awards may be renewed provided that the student:

This fact sheet is produced by the SCHEV to provide a general overview of the program