Financial Planning 

Congratulations on your acceptance to VCU! A college education is one of the most important investments you will make in your lifetime. This investment will help you make your dreams a reality and turn your potential into genuine ability. As you prepare to take steps toward achieving your academic goals, please use this guide to help estimate what your remaining costs may be should you enroll at VCU. 

CategoryVirginia ResidentNon-Virginia Resident
Tuition and Fees1$14,800$36,138
Room2$6,817$6,817
Dining3$4,480$4,480

1Tuition and fees listed are based on 15 credit hours per semester and 30 hours for the academic year. Students planning to graduate in four years should enroll in 15 credits per semester/30 credits for the academic year. Tuition is charged at a per credit hour rate. This is the basic tuition and fees and does not include your required program fee. 2Room rate is based on double occupancy, Rhoads Hall. 3Dining rate is based on a 200 swipe plan with $300 per semester in “Dining Dollars.” These rates should serve as the base estimate of your balance billed by VCU. This does not include books and supplies. 

1. Choose the appropriate base tuition and fees based on the residency status indicated on your letter of admissions.

2. Add the additional fee based on your major/program.

  • Arts:  $1,880
  • Business:  $498
  • Dental Hygiene Year:  $3,644 (Year One) or $1,568 (Year Two)
  • Health Professions:  $430
  • Humanities & Sciences Tier One*:  $330
  • Humanities & Sciences Tier Two**:  $90
  • Humanities & Sciences Tier Three***:  $30
  • Education:  $120
  • Engineering:  $2,120 (Virginia Resident) or $2,638 (Non-Virginia Resident)
  • Life Sciences:  $150
  • L.D. Wilder Government & Public Relations:  $15
  • Nursing: $1,800 (Standard B.S.); $2,070 (Accelerated B.S); or $1,920 (RN to B.S)
  • Social Work: $270
  • University College: $30

3. If you plan to reside in university housing, enter the room rate. If you are residing in off campus or private housing, enter 0.

4. If you are residing in university housing or if you are residing in private housing and plan to purchase a meal plan, enter the meal plan rate. Meal plans are required for residents of first year dorms. If you do not plan to use a meal plan, enter 0.

5. Add lines 1, 2, 3, and 4.

 This is your estimated bill that must be paid for the 2020-2021 academic year.

 *Tier One Programs: Applies to Health, Physical Education & Exercise Sciences, Health Sciences, Forensic Science, Chemistry, Biology, Science, and Physics majors

 **Tier Two Programs: Applies to Spanish-English Translation & Interpretation, Foreign Language, Anthropology, Mathematical Sciences, Undeclared-Humanities & Sciences, Psychology, and Mass Communication majors

 **Tier Three Programs: Applies to English, International Studies, Liberal Studies for Early & Elementary Education, Philosophy, Political Science, Gender, Sexuality & Women Studies, Sociology, History, Religious Studies, African American Studies, and Pre-Nursing majors.

 

1. Enter the total of all financial aid awards that you plan to accept from your Financial Aid Award letter

Note: If you have been awarded Federal Work-Study (FWS) do not include it on this line. FWS is paid directly to the student once they have an approved job and earn a paycheck. These funds DO NOT directly apply as payment of the VCU bill.

2. Enter any additional scholarships or tuition assistance from outside sources that you may be receiving

3. Add lines 6 and 7

This is your total estimated financial aid package for the 2020-2021 academic year

4. Subtract line 8 from line 5

This is your estimated out of pocket balance for the academic year. One half of this balance will be due by August 20, 2020 and the other half by January 14, 2021. Students attending VCU assume responsibility for the full payment of all billed charges within published deadlines.

Please see below for additional resources that may assist you in paying your balance. 

VCU's Installment Payment Plan (IPP) allows students to divide their remaining out of pocket balance (your estimated balance from line 9 on the reverse page) into four installments paid throughout the semester. The IPP is only available in the fall and spring semesters. The cost for the IPP is a non-refundable $25 application fee, which is submitted along with the first payment of the semester. VCU does not assess interest on the installment balance. Students must enroll in the payment plan within the first four weeks of classes, and students must re-enroll in the payment plan each semester. Both the initial payment and completion of the online application at https://accounting.vcu.edu/plan/ are required in order for the student to participate in the IPP. Students must make their required installment payments by the billed payment due dates in order to remain in good standing with VCU.

Installment Payment Plan Due Dates

The VCU Office of Financial Aid does not have additional grant or university scholarship funds available to students. 

External Scholarships

Thousands of scholarships are available from sources outside of VCU. These websites may help to identify some of these opportunities:

Fastweb 
College Board 
Scholarships.com 

 

Federal Parent PLUS Loan

Dependent undergraduate students requiring additional funds to pay their balance may consider the federal Parent PLUS loan. Parent borrowers must complete the application online

To borrow a PLUS loan for a student, the parent must be the student’s biological or adoptive mother or father. A stepparent is also eligible to borrow a PLUS loan if his or her income and assets were considered when calculating the dependent student’s expected family contribution (EFC) on the FAFSA. A legal guardian is not considered a parent for federal student aid purposes.

Parent borrowers will be required to pass a credit check. Borrowers with adverse credit history or who have filed bankruptcy in the past may be denied the PLUS loan. Borrowers who do not pass the credit check may still be able to receive a loan with a creditworthy co-signer. Additionally, if a borrower does not pass the credit check, the student may be eligible for a federal direct unsubsidized loan. The maximum amount of the federal direct unsubsidized PLUS denial loan is $4,000 for freshman and sophomore students.

Alternative Loan

Alternative loans are designed to help students and their families cover costs not included in their federal financial aid package. Interest rates, repayment terms, loan limits, eligibility and co-signer requirements and loan fees vary by lender. Loan approval is generally based on creditworthiness and ability to repay. Interest rates are typically higher than federal direct loans.

When applying for an alternative loan, students should understand the terms of each loan and ensure that they are applying for an alternative loan, not a federal student loan. Students are automatically considered for federal direct subsidized and unsubsidized loans when submitting the FAFSA. The VCU Office of Financial Aid recommends that students explore all federal student aid options prior to applying for private loans. Applications for alternative loans are submitted electronically through the lender’s website. ELM Select provides students and families with information on frequently used private loan lenders.