How Much Does It Cost to Attend Virginia Tech?

How much does it cost to attend Virginia Tech? The short answer is, it depends on your situation. The long answer is a bit more complicated.

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In-State Costs

According to the virginia tech website, the cost of attendance for in-state students is $27,092. This includes tuition and fees, room and board, books and supplies, and other miscellaneous expenses. Out-of-state students can expect to pay $45,608 for the same items. So, how much does it really cost to attend Virginia Tech? Let’s take a closer look.

Tuition

As a public university, Virginia Tech’s tuition is lower than many private colleges and universities.
In-state undergraduate tuition for the 2018-19 academic year is $13,674 per year.
Out-of-state undergraduate tuition is $33,764 per year.
The cost for a undergraduate credit hour for in-state students is $457 and $1,192 for out-of-state students.

Room and Board

The average cost of room and board at virginia tech is $10,560 per academic year. Costs will vary depending on the type of room and meal plan you choose.

For more information about housing options and rates, please visit the Housing and Dining services website.

Fees

In-state tuition and fees for virginia tech cost $12,017 for the 2019-2020 academic year. This does not include living expenses, which will add an additional $10,610-$11,880 to your total costs, depending on your housing situation. Out-of-state students can expect to pay $33,717 in tuition and fees for the 2019-2020 academic year. Again, this does not include living expenses. International students can expect to pay $39,317 in tuition and fees for the 2019-2020 academic year.

Out-of-State Costs

If you don’t live in Virginia, you can still attend Virginia Tech! Out-of-state students who are not from Virginia pay $34,852 in tuition and fees for the 2019-2020 academic year. That’s $15,564 more than in-state students, but don’t worry – we’ll explain how to get discounts and scholarships to offset some of that cost.

Tuition

Out-of-state undergraduates attending Virginia Tech will pay $33,738 for tuition and fees during the 2019-20 academic year. That’s a 2.9 percent increase from the previous year.

The university’s Board of Visitors approved the new rates at its meeting Thursday. Under the new rates, out-of-state students will pay $1,128 more in tuition and fees than they did last year.

In-state undergraduate students will see a 2.4 percent increase in their tuition and fees, which will total $12,994 for the 2019-20 academic year.

The cost of tuition and fees for graduate students will increase by 2.8 percent for in-state students and 3.1 percent for out-of-state students.

Room and Board

The average cost of room and board at Virginia Tech is $10,890 per year This includes both on-campus and off-campus housing.

Fees

In addition to the base tuition and room and board rates, there are several other fees assessed to students attending Virginia Tech.

An activity fee is charged to all undergraduates enrolled in on-campus credit classes. The fee provides funding for a variety of student activities and services, including athletic facilities, the Corps of Cadets, intramurals, the Student Health Center, Wisdom Gymnasium, McComas Hall Pool, Squires Student Center, and Thompson Field.

All students who live in a university residence hall are required to purchase a meal plan. The cost of the meal plan depends on which residence hall you live in and how many meals per week you want.

All students taking classes at Virginia Tech’s main campus in Blacksburg are required to have health insurance. Students can either maintain their own health insurance or purchase a policy through the university.

Out-of-state students are also responsible for paying out-of-state tuition rates. In addition to base tuition and room and board rates, out-of-state students are also responsible for paying an out-of-state differential fee. The out-of-state differential fee is currently $15,598 per year

Financial Aid

The net price of attendance for in-state students at Virginia Tech for the 2018-2019 academic year was $22,266, according to the university’s website.* This net price includes tuition and fees, books and supplies, room and board, and other expenses. If you’re not sure how much college will cost, take a look at this breakdown of Virginia Tech’s tuition and fees.

Scholarships

Virginia Tech offers a variety of scholarships to help you finance your education. These awards are based on academic achievement, need, leadership, and service.

Entering first-year students are automatically considered for many of our scholarships when they submit their admissions application. No additional application is required. Other scholarships may require you to submit a separate application or essay.

we also offer a number of private scholarships that are not affiliated with Virginia Tech. These awards are provided by organizations, foundations, and individuals who want to support Virginia Tech students financially.

If you have any questions about scholarships at Virginia Tech, please contact the Office of Scholarships and Financial Aid at 540-231-6285 or [email protected]

Grants

Federal Pell Grants are available to undergraduate students who have not yet earned their first bachelor’s degree. The amount of the grant is based on financial need, the cost of attendance at the school, and whether the student attends school full or part time.

The Federal Supplemental Educational Opportunity Grant (FSEOG) is for undergraduates with exceptional financial need. Priority is given to students who receive Federal Pell Grants. FSEOG funds are limited; not all eligible students will receive a grant.

State grants are also available to eligible Virginia residents attending Virginia colleges and universities. The Commonwealth Award provides grants to undergraduate students who demonstrate the highest unmet need after all other gift aid has been considered.

Loans

There are two types of loans available to students: federal and private. Federal loans are provided by the government and have fixed interest rates, while private loans are provided by banks or other lending institutions and have variable interest rates. Both types of loans must be repaid with interest.

Federal Loans
Federal loans are available to all students, regardless of financial need. The four types of federal loans available to undergraduate students are:
-Stafford Loans: Stafford loans are the most common type of federal loan. They can be either subsidized or unsubsidized. Subsidized Stafford Loans are need-based, meaning that the government will pay the interest on the loan while the student is in school. Unsubsidized Stafford Loans are not need-based, so the student is responsible for paying the interest while in school. The interest rate for both subsidized and unsubsidized Stafford Loans is fixed at 4.53% for loans disbursed between July 1, 2020 and June 30, 2021.
-PLUS Loans: PLUS Loans are federal loans that can be taken out by parents or guardians of dependent undergraduate students, or by Graduate/Professional students themselves. PLUS Loans have a fixed interest rate of 7.08% for loans disbursed between July 1, 2020 and June 30, 2021.
– Perkins Loans: Perkins Loans are need-based federal loans with a fixed interest rate of 5%.
-Direct Consolidation Loan: A Direct Consolidation Loan allows you to combine all of your eligible federal student loans into one loan with one monthly payment. The interest rate on a Direct Consolidation Loan is fixed and is calculated using a weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth percentage point (0.125%).

Private Loans
Privateloans should be used as a last resort after exploring all other financial aid options (scholarships, grants, etc.), as they typically have higher interest rates than federal loans. Privateloans also do not offer many of the repayment options and protections that come with federal loans (forbearance, deferment, income-driven repayment plans). Students who take out privateloans should research their repayment options carefully before doing so.

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