The purpose of the Virginia Commonwealth Award is to assist undergraduate students with financial need and graduate students to pay part of their college costs. The funds are appropriated directly to each state-supported institution. Funds may be used for need-based grants to Virginia resident undergraduates or for grants or assistantships to graduate students (both in-state and out-of-state). The law requires that the awards to undergraduates be proportional to need so that the students with the greatest need receive the largest awards.
This program does not have a separate application; students must complete the FAFSA to be considered. The application and awarding processes are administered by the financial aid office at each Virginia public college or university. Contact the financial aid office at the college you plan to attend for application procedures and deadlines.
In order for an undergraduate student to be eligible for an award, a student must:
A) Be admitted into a Virginia public two or four year college or university;
B) Be enrolled at least half-time in an approved degree, certificate, or diploma program;
C) Be a U.S. citizen or eligible non-citizen;
D) Be a domiciliary resident of Virginia; and
E) Demonstrate financial need as determined by the institution.