Types of Financial Assistance
Explore Undergraduate Student Financial Aid
Grants and Scholarships can be awarded from a variety of sources including Vanderbilt, federal, state and private entities. These funds are considered "gift" assistance and do not have to be repaid.
Grants and Need-Based Scholarships available by completing the College Scholarship Service Financial Aid PROFILE:
University Need-Based Grant
Grant assistance to undergraduate students pursuing their first baccalaureate degree and awarded based upon financial need. Amounts vary based upon need.
University Restricted Scholarships
Grant (gift) assistance to undergraduate students pursuing their first baccalaureate degree and awarded based upon financial need and academic performance. Amounts vary based upon need. Dollars for this assistance are provided by generous alumni and friends of Vanderbilt. Eligible students will be matched with appropriate scholarship funds by the staff of the Office of Student Financial Aid and Undergraduate Scholarships.
Grants available by completing the Free Application For Federal Student Aid (FAFSA):
Federal Pell Grant
For families with low incomes. (Undergraduate Only)
Federal Supplemental Educational Opportunity Grant (FSEOG)
For those with exceptional need. $200 to $2,500 per year (undergraduates only).
Tennessee Student Assistance Award (TSAA)
File the Free Application for Federal Student Aid by March 1, which will then allow for information to be made available to the Tennessee Student Assistance Corporation (TSAC). However, we recommend filing much earlier as funding allocations by the state may be limited. Eligibility for this program is determined annual by TSAC. For 2013-14, awards range from $2,000 to $4,000 (undergraduate, Tennessee residents only).
Tennessee Education Lottery Scholarship Program (TELS)
Undergraduate students are required to complete the FAFSA each year to qualify for the TELS programs. Additional eligibility requirements are determined through the program rules. The filing deadline for fall eligibility is September 1 and for spring eligibility is February 1 of each year. View additional information and eligibility requirements for this program (undergraduate, Tennessee residents only).
Loan assistance is available and it must be repaid, with interest, based upon a certain payment schedule. For more loan information, please see the section, "Loan Information & Payment Plan Options"
Academic Year Student Contribution: AYSC
- As the primary beneficiary of a Vanderbilt education, you are expected to participate in paying for a portion of your college costs. Your financial aid package for the academic year will typically include an Academic Year Student Contribution. For most students, the Academic Year Student Contribution is currently no more than $ 2,700 for 2013-14.
- It is our initial expectation that you will cover all or part of your Academic Year Student Contribution from part time employment while in school. Employment information for both on and off-campus job opportunities may be found at: www.vanderbilt.edu/studentemployment. Vanderbilt does not place or guarantee students employment. If you receive an outside scholarship it will be used first to replace or reduce your Academic Year Student Contribution before reducing Vanderbilt need-based assistance.
Student employment opportunities offer students a chance to gain valuable work experience in addition to receiving a paycheck for their hours worked. Employment positions are not assigned; students must initiate the job search and application process. Visit Student Employment website.
Federal Work Study
Students must complete the FAFSA to determine eligibility for this program. Eligible undergraduate students may work up to 20 hours per week on-campus. Eligible graduate/professional students may work up to 29.5 hours per week on-campus. There are a variety of work locations and settings. Wages begin at $7.25, but vary depending on type of job. Most undergraduate students are awarded $1,000-$2,500 per year. Students are normally paid bi-weekly for hours worked.
Vanderbilt Institutional Employment Program
Vanderbilt has an institutional employment program for those students who do not qualify for the Federal Work Study program. Most positions are obtained through the HireADore job website. Eligible undergraduate students may work up to 20 hours per week on-campus. Eligible graduate/professional students may work up to 29.5 hours per week on-campus. There are a variety of work locations and settings. Wages begin at $7.25, but vary depending on type of job. Students are normally paid bi-weekly for hours worked.
Outside Scholarships are available from sponsoring organizations including parents' employers, religious organizations, fraternal societies, women's clubs and veterans groups.
- Information and advice regarding outside sources of assistance can be obtained through high school guidance counselors, publications, and the internet. FastWeb (www.fastweb.com) and the College Board opportunities offer students a chance to gain valuable work experience in addition to receiving a paycheck for their hours worked. Employment positions are not assigned; students must initiate the job search and application process.
Post-9/11 GI Bill Yellow Ribbon Program
Guideline for undergraduate students effective/starting date as of the beginning of the 2009-10 academic year.
- Undergraduate students admitted to Vanderbilt University can apply and will always be considered for all merit- and need-based student financial aid programs for which they are determined eligible and as described in our various applicable publications found in print and on the Web.
- As a participant in this Program, Vanderbilt University has committed to providing annual gift assistance (typically, this will be in the form of scholarships and/or grants) from institutional funds in the amount of $6,000 (this would normally equate to $3,000 per semester) to each Post-9/11 GI Bill Yellow Ribbon Program eligible (as determined by the Veterans Administration -- VA) undergraduate recipient who enrolls at the University. In most cases, the recipient will be the veteran himself or herself, but there can also be circumstances when the recipient will be a veteran's eligible spouse and/or dependent.
- All Vanderbilt-funded sources of gift assistance awarded to each eligible undergraduate recipient count toward meeting the University's Yellow Ribbon Program commitment. Vanderbilt-funded gift assistance is awarded in varying amounts and some recipients may receive exactly $6,000 of such assistance annually while others might receive greater than $6,000 annually, as mentioned in the following paragraphs.
- Under the Post-9/11 GI Bill Yellow Ribbon Program, the government (VA) will provide each eligible undergraduate student recipient who enrolls at Vanderbilt, and who meets all of the VA's program eligibility criteria, with an annual benefit that matches (up to $6,000 annually) Vanderbilt's Yellow Ribbon Program funding provided to each eligible recipient. [NOTE: The combined total funds from the Post-9/11 GI Bill base benefits paid by the VA to the veteran/recipient for tuition and fees plus the designated Vanderbilt Yellow Ribbon Program funds plus the VA's matching Yellow Ribbon Program funds cannot exceed the total tuition and fees charged to that recipient in any semester/term. This limitation would occur at Vanderbilt only in rare instances when the recipient is enrolled for a very limited number of credits in a particular term.]
- Vanderbilt's gift assistance is awarded in varying amounts and some undergraduates may therefore be initially awarded an annual amount that is less than $6,000 or may be initially awarded no gift assistance at all. In these cases, the University will increase its award to $6,000 annually upon notification from the VA that the undergraduate student is eligible for the Yellow Ribbon Program benefit. In these cases, the combination of Vanderbilt assistance plus the government's Yellow Ribbon matching funds will then total $12,000 annually ($6,000 from the University and $6,000 from the government).
- For an eligible recipient who has been awarded Vanderbilt gift assistance that is greater than or equal to $6,000 for the year and who is determined by the VA to be eligible for the Yellow Ribbon Program benefit, the University-funded gift assistance provided to the recipient will be considered as meeting in full the University's commitment of $6,000 under the Yellow Ribbon Program. The student will then be additionally eligible to receive the Yellow Ribbon Program matching funds, up to $6,000 annually, from the government (VA).