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$21,500
- At Virginia Tech, the median federal loan debt among borrowers who completed their undergraduate degree is $21,500. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $228. Additionally, 13% of graduating students at Virginia Tech took out private loans.
www.usnews.com/best-colleges/virginia-tech-3754/payingVirginia Tech - Tuition and Financial Aid | US News Best Colleges
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What percentage of Virginia Tech students take out federal loans?
How much federal loan debt does Virginia Tech have?
How much does a Virginia Tech student loan cost?
How much financial aid does Virginia Tech give first-year students?
The Average Loan Amount for All Undergrads at Virginia Tech is $6,188 Per Year. 39.0% of all undergraduate students (including freshmen) at Virginia Tech utilize federal student loans to help pay for their college education, averaging $6,188 per year.
At Virginia Tech, the median federal loan debt among borrowers who completed their undergraduate degree is $21,500.
- N/A, Blacksburg, 24061, VA
- 05402 316 000
- How Much Does Virginia Tech Cost?
- How Much Financial Aid Do Students at Virginia Tech get?
- Overall Aid
- Grants and Scholarships
- How Generous Is Virginia Tech’s Financial Aid?
- How Much Debt Is Typical For Students at Virginia Tech?
- Loan Overview
- Federal Loans
- Other Private Loans
- What Would It Cost You to Attend Virginia Tech?
Knowing what a school costs is Step #1 in managing college costs. There’s more to think about than just the tuition—you also have to factor in where you'll live, what you'll eat, and more while attending Virginia Polytechnic Institute and State University. The "Cost of Attendance" is the total amount of money the average student has to pay, WITHOUT...
The Cost of Attendance listed above might be intimidating. The good news is that most students don’t end up paying that full price to attend Virginia Tech.Financial aid helps make up the difference between the Cost of Attendance and what families can actually afford. Here we'll cover how many students get Virginia Tech financial aid, what types of ...
Let's start with the overall numbers. At Virginia Tech, we know that: This is 13% LOWER than the average for Public schools, which is 86%. This could be bad news - fewer students getting aid could mean students are paying more at Virginia Tech than they would at other similar schools. It could also mean students attending Virginia Tech are wealthie...
We’re focusing on grants and scholarships first because they’re the most important forms of financial aid. Grants and scholarships are better than loans because students don’t ever have to pay them back. The more grant/scholarship aid students receive at a particular school, the better off those students are in the long run. At Virginia Polytechnic...
The grant dollar amounts we’ve seen so far have included aid from all sources - both federal and institutional. Schools don’t have much control over how much federal aid students can qualify for (like Pell Grants), but they do their own financial aid dollars and how they’re used. To figure out how strong Virginia Tech’s own financial aid program is...
Aside from grants, the other major way to pay for college is with student loans. Student loans aren’t free sums of money - you borrow a certain amount to attend Virginia Tech, and then pay it back with smaller monthly payments after you graduate. The more student loan money you borrow, the more debt you’ll end up with after graduation. Ideally, you...
First, let’s talk about how many students at Virginia Tech actually have to take out any student loans at all. The ideal goal is to graduate with little to no debt. It’s very common for college grads in the US to graduate with some debt, but high percentages of students taking on loans at a particular school is a big red flag. In contrast, low perc...
Now that you have a handle on the basic loan information for Virginia Tech, we’ll get into some more nitty-gritty information on the types and amounts of loans that students typically have. We’ll start with federal loans because, in general, federal loans are preferable to private loans. Federal loans tend to have low interest rates, which means th...
Other loans, or private loans, are the last resource students turn to when paying for college. They’re the least preferable form of financial aid because they have higher interest rates and cost students the most money in the long run. Generally, the fewer students who take private loans, and the lower the amount of the loan, the more affordable Vi...
Finally, we get to the bottom line: what will Virginia Tech actually cost YOU? Every family has a different situation, and depending on your income level, you'll have to pay more or less to go to college.
The federal government provides subsidized loans to undergraduate students based on need. After submitting your FAFSA, University Scholarships and Financial Aid will review you automatically for eligibility.
Apr 18, 2024 · $1.75 trillion in total student loan debt (including federal and private loans) $28,950 owed per borrower on average. About 92% of all student debt are federal student loans; the remaining...
- Alicia Hahn
Aug 24, 2022 · According to the Federal Reserve, borrowers collectively held more than $1.5 trillion in student debt in the second quarter of 2022. Student debt is the largest consumer debt category after...
Need-based financial aid includes the total of scholarships, grants, Federal Work-Study, Federal Direct Subsidized Loans, and other sources of aid from outside Virginia Tech. Total financial aid cannot exceed a student's Cost of Attendance.
