Explore the different types of Financial Aid:
Grants and Scholarships
- Grants and scholarships can be awarded from a variety of sources including UVM, federal, state and private entities. These funds are considered "gift" assistance and do not have to be repaid. Eligibility of grants is based primarily on financial need; although academic merit and/or course of study may also be issued.
- Explore UVM Scholarships
- Explore Non-UVM Scholarships
More information about UVM need-based assistance for Undergraduates
The renewal of university need-based assistance (which can include grants and/or scholarships) is contingent upon the student maintaining satisfactory academic progress and continued adequate financial need. By completing the FAFSA by the financial aid deadline you will automatically be considered for university need-based funds.
Vermont first-time, first-year and transfer applicants who demonstrate financial need, academic merit, and a commitment to social justice and/or to diversity and who submit their FAFSA prior to the priority financial aid deadline, may be considered for the UVM Henderson Grant. Eligibility for the Henderson Grant is based on financial need and will be indicated in your UVM financial aid award.
Federal Direct Loans
Federal Direct loans are offered to students to pay for education-related expenses, such as college tuition, room and board, or textbooks. Many of these loans are offered to students at a lower interest rate, such as the Federal Direct Subsidized and Unsubsidized loans. In general, students are not required to pay back these loans until the end of a grace period, which usually begins after they have completed their education. However, interest accrued may have to be repaid earlier.
- Several loan financing options exists both for students and parents of dependent students. Learn about federal loans and interest rates.
Institutional Loans
UVM offers loan financing options to students through several institutional loan programs. Eligibility for these programs are determined through financial need. Loan terms vary by program and the promissory note should be referenced for full loan terms.
Private Education Loans
Private education loans may be an option for students and families seeking to supplement other financial assistance.
- Dependent students would consider the benefits of the Federal Direct PLUS loan before applying for a private educational loan.
- Since Federal loans are generally more attractive than private educational loans, we recommend students apply for financial aid and maximize their Federal loan borrowing before borrowing through private educational loans. Compare the differences between federal and private student loans
- Learn more about private education loans and how to research your options
Federal Work Study
Federal work study provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study.
What You Need to Know About Federal Aid
Federal financial aid included in your award is subject to change based upon adjustments in the Federal budget or to Federal aid programs offered.