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National Application Center :: campus tours :: Virginia Military Institute costs & financial aid

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Virginia Military Institute

Virginia Military Institute
319 Letcher Avenue
Lexington, VA 24450


Fax number: (540) 464-7746
Website: https://www.vmi.edu/
Screen last updated on: January 2024

The financial aid information below is valid for the 2023 academic year.

FINANCIAL AID OFFICE
Financial aid homepage: https://
npc.collegeboard.org/app/
vmi

EXPENSES
Undergraduate tuition: $10,076; $40,778 out-of-state
Book fees: $1,200
Miscellaneous expenses: $1,400
Other expenses: Estimated expense of transportation for residents.
Combined room and board expenses: $10,990

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAMarch 1noMarch 1
Institution's own financial aid formN/AnoN/A

Applied for financial aid:
80% of first-year students
73% of full-time undergraduates
Determined to have financial need:
64% of first-year students
98% of full-time undergraduates
Students determined to have financial need who received any financial aid:
97% of first-year students
67% of full-time undergraduates
Students receiving financial aid who received need-based self-help aid:
90% of first-year students
89% of full-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
36% of first-year students
55% of full-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
35% of first-year students
59% of full-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
90% for first-year students
89% for full-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$31,345 for first-year students
$35,352 for full-time undergraduates
Average need-based gift award:
$16,018 for first-year students
$13,566 for full-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$3,205 for first-year students
$4,306 for full-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,205 for first-year students
$4,306 for full-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
15% of first-year students
18% of full-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$19,654 for first-year students
$17,858 for full-time undergraduates

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • athletic scholarships

Data is copyrighted material under license to Peterson's, LLC. Material may contain updates provided solely by the institution to which the updated Data relates. These updates are not independently validated, and no party associated with this website can accept responsibility for their accuracy. Copyright © 2021 by Peterson's, LLC. All rights reserved.