Financial Assistance
To make your Hollins education affordable, we provide customized financial aid awards, based on your financial need. A typical financial aid package may include scholarships, grants, loans, and work study. The total awarded often brings the cost of your education in line with the cost of attending many public universities.
Your financial need is determined by the information you provide when you complete the Free Application for Federal Student Aid (FAFSA). Financial need is the difference between your family’s ability to pay for your education and what it costs to attend Hollins. We use your FAFSA results to create your financial aid award.
instructions
- Start by checking “yes” to the financial aid request on your Hollins application. We’ll send you the appropriate forms, including a brochure on how you can submit the Free Application for Federal Student Aid (FAFSA) online. Our school code is 003715.
- You’ll receive a Student Aid Report (SAR) from the Department of Education with an Estimated Family Contribution (EFC). This is the estimated amount your family can contribute to your education.
- We calculate the cost of your education (including tuition, books, room and board, personal expenses, transportation) and deduct the EFC to determine your need.
- Many factors determine a need-based financial aid award:
- Number in family
- Number in college
- Consumer Price Index in the state of residence
- Assets
- Business assets
- Other financial aid resources
Hollins, virginia & federal grants/loans
| Award | Amount | Eligibility |
| Hollins Grant | Varies | Hollins may offer grants and endowed awards to those who demonstrate financial need. |
Federal Awards:
|
Varies | Based on FAFSA results and fund availability |
| Virginia Transfer Grant | $1,000 – $2,000 | Need-based; for those who graduate with an associate’s degree from a Virginia community college; 3.0 GPA required |
| Virginia Tuition Assistance Grant (VTAG) | $3,520 (estimated) | Students must complete a Virginia Tuition Assistance Grant (VTAG) application by July 31 and must be a full-time student. |
Finance Plans
| Budget Payment Plan | Parents can pay fees for tuition, room, and board in monthly installments, interest free. |
| PLUS (Parent Loans) | Parents may borrow funds from the U.S. Department of Education at a fixed-interest rate. Payments begin during the academic year but may be deferred until graduation. A credit check is required and the standard repayment term is 10 years. Parents can borrow the difference between the total financial aid package and the cost of education (including books and transportation). |