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WHO IS ELIGIBLE TO APPLY ? To be eligible to apply for federal and institutional aid while attending the University of Virginia School of Medicine, an applicant must: HOW ELIGIBILITY IS CALCULATED |
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Need-Based Aid eligibility is determined by analysis of financial information the applicant and his/her family are required to provide. DEMONSTRATING NEED: TWO METHODOLOGIES Federal regulations mandate that all schools nationwide use a standardized method approved by Congress to determine an applicant's need for federal loans. This method is called federal methodology.
Need for our institutional funds and for school-administered Federal Title VII funds is determined by institutional methodology. (Please see institutional aid policies and packaging examples.)
Non-Need Based Loan Eligibililty is not unlimited and loan amount is restricted to the difference between the school-approved cost-of-attendance and other financial aid received up to the program maximums. Combined aid from all sources cannot exceed the standard budget. Non-Need Scholarships may require that the applicant submit both the FAFSA and UVA SOM application even though the scholarship offer is not contingent upon the applicant's demonstrated need. Service-related scholarship amounts are set by the sponsoring program entity. Most are not need-based. Eligibility is determined by the program(s) on the basis of their specific criteria. |