Types of Financial Aid
The majority of Virginia's financial aid programs are decentralized to the higher education institutions. While the State Council of Higher Education (SCHEV) has administrative and financial oversight over most of these programs, Virginia's participating institutions:
The purpose of SCHEV's website is to provide to students and parents an overview of the different sources of available financial aid. For more specific information about federal, state, and institutional aid, please contact your college financial aid office.
- Oversee the application process;
- Allocate awards to students; and
- Determine final eligibility for federal assistance.
As stated above, financial aid comes from many different sources and, in most cases, requires completion of at least the Free Application for Federal Student Aid (FAFSA). For more details about each source of aid, click on the links to the right.
Four Primary Sources Of Financial Aid
- Federal Government Financial Aid
- State Government Financial Aid
- Institution Financial Aid
- Private Financial Aid