<p>How good is the FA that's typically given to OOS students? My stats match UVA, but I'm concerned about the price...my family's not exactly well off....</p>
<p>Thanks :)</p>
<p>I believe OOS and IS financial aid do not differ.</p>
<p>F.A. will be based on your FAFSA EFC and other institutional assessments related to your family’s need/ability to pay.</p>
<p>UVA will meet your need based on your EFC.</p>
<p>They use your FAFSA EFC to determine how much money you will receive with the Pell Grant and the SEOG. </p>
<p>They use your CSS/PROFILE EFC to determine how much institutional aid you will receive. If you don’t have a lot of money at home, AccessUVa (UVa’s institutional aid) will cover the majority of your aid package. The maximum amount that the Pell will cover is $5,550 (and that might not even be true in the next few years with the debt ceiling debate).</p>
<p>UVa is very generous with their financial aid packages.</p>
<p>Yes, it is very generous. If your income is below a certain level they cover everything with grants (no loans).</p>
<p>I didn’t think it was very generous. I was given enough to pay for school, but had to take out about 20k in loans (for 3 years total). Very happy with the purchase, however UVA’s OOS aid could have been better.</p>
<p>FA at UVA was very good as they made it as affordable as my state flagship</p>
<p>Grants covered all my OOS tuition charges, only accepted the loans to help cover the living costs during my time and for one summer when I took a bunch of summer classes.</p>
<p>I don’t think it is unfair for UVa to expect students to take out about $22K or so of subsidized loans during their undergrad years. We should not expect everything for free. Running a major university is expensive. A student is more likely to take college seriously if they “have some skin in the game.”</p>
<p>Just be aware that next year, nationwide, subsidized Stafford loans go up to 6.8%, Perkins loans disappear, and subsidized federal loans are no longer available for grad and professional school.</p>