<p>Hi! I was accepted to UVa yesterday and I am super excited because it's one of my top choices! However, financial aid is an important deciding factor of where I'm going to go this fall so that worries me a little as well. So I know that UVa's financial application was due March 1st and I submitted the CSS Profile and FAFSA forms well before that, but was unable to send supporting documents early because my parents didn't receive the information/ forms until a few days ago. So we sent it in today a couple days late. </p>
<p>I was wondering if it can be a potential problem to send in the 1040 and W2 forms late because although we didn't have the forms until this past Thursday, it's still considered "late". When I asked the financial aid office if late submission was a problem, they just gave me the generic submit the documents as soon as possible and "our website has all of the information". I'm terrified beyond belief that I won't get need-based financial aid because we didn't receive the forms before the deadline. Does UVa have good financial aid? I'm OOS so it makes me really nervous that financial aid will be insufficient and I won't be able to attend. :(</p>
<p>Same position your in. I have the same forms overdue. I am faxing them on Monday and hopefully everything will be alright. :-? </p>
<p>OOS probably won’t get as much aid as Instate, but if you submitted FAFSA and CSS before March 1st, I think you’ll be fine 
I was admitted too! I haven’t made up my mind, but UVA is likely were I’m going.</p>
<p>My S was admitted EA and he is OOS. Our EFC was quite low as we do not have a large income. UVA’s financial aid offer was very good. My S will be able to attend with minimal loans if he chooses to do so. If your family qualifies then it will be okay. At least that is our experience.</p>
<p>We are also OOS. My son’s aid offer last year (he is a 1st year now) basically worked out to the COA minus our FAFSA EFC amount (which we are expected to pay). So, in essence the aid package was relatively good as we weren’t expected to pay more than the EFC - on paper. However, the aid package includes $7500 in loans and $4000 in work-study.The loan amount is very fair in our opinion - in 4 years you walk out with a great education/degree and the equivalent of a car payment. Fair enough. The problem area for us is the work-study. Note that it’s not a guarantee that you’ll even find a job, much less find one that can support you earning a net of $4000 - but they don’t make up the difference - so if you only earned $1000, that would leave the balance coming out of your pocket. Most of the jobs are $8-$10/hr, so that’s around 12-16 hours per week minimum to make that $4K. We compromised and only expect him to work 8 hrs to make $2400 over the year. We’re making up the difference simply by cutting back on travel (eliminated one trip) and reducing weekly entertainment expenses - which over 32 weeks adds up. Now, all of these things are fairly common at many schools, not just UVA., but wanted to give you a cleaer picture of our experience. As for this upcoming year… who knows?!</p>
<p>I just received my preliminary financial aid offer. The numerous websites who speak about how generous UVa’s financial aid is are completely correct. It actually will be cheaper for me to attend UVa as an out-of-state student than it would be for me to attend my state’s public flagship. I got almost $20,000 in grants, as well as offers for work study and offers for loans. I haven’t figured out which I will accept yet (if I attend, which looks very likely), but it is far more generous, as I said, than my state flagship. </p>
<p>Also, to your question about not having documentation in on time: you should be fine. I had CSS and FAFSA in by mid-February, but my supporting documents weren’t received in their entirety until mid-March (since there was a forgotten signature); I got my preliminary offer today. Just submit them as soon as you can. </p>
<p>Yes, it is difficult to earn $4,000 in work study each year during the school year. That is the standard amount expected for an OOS student who receives substantial AccessUVa aid. The in-state students have a much lower work study expectation. You are not required to accept or complete the work study if you can make the finances work in other ways. Fortunately, my son has had good summer jobs and hasn’t needed to work during the school year. I’m still confused whether the financial aid formulas assume that a student has a full time summer job or not.</p>
<p>In response to a comment above, new OOS students are also expected to take out more federal loans over 4 years than in-state students ($28K total vs. $14K in-state). However, because OOS tuition is so much higher, a typical middle income OOS student will receive much more AccessUVA aid than an in-state middle income student with the same finances. There are charts on the financial aid website that explain these numbers.</p>
<p>@charlie the summer income is a bit of a catch-22 though, and doesn’t really replace the work study expectation because the money you make during the summer impacts your AccessUVa grant amount. So it’s not as easy as saying, I don’t need the $4000 in work study because I made an extra $4k over the summer, because that will then reduce your AccessUVa grant causing you to need more yet again. And while you’re correct that you don’t need to accept or complete the work study, the reality is it is considered fixed aid by the school (meaning it will not be replaced by other aid if the amount is not received) when in fact it may never really materialize and then you’re stuck trying to cover the amount - something you couldn’t do in the first place. I’m certainly not against work study, but Why make it an amount for OOS that is pretty much unattainable for most students, and not make it consistently $2400 which seems to be the norm at most universities? Don’t get me wrong, UVA’s aid is VERY good, but the $4k work study amount is an on-paper game to make it look slightly better than it is. IMO It’s the one negative in the system. And yes I’m squabbling over $1600, but I want the OP to understand that this is just something that needs to be understood when looking at their aid packages. </p>
<p>My experience with UVA’s financial aid seems to be the opposite from what everyone else is saying. I only received a loan of $5,000 a year, which in essence is $0. I will not be attending.</p>