SCHOLARSHIPS & FINANCIAL AID - Vanderbilt University
2 0 2 1 –2 0 2 2 A C A D E M I C Y E A RSCHOLARSHIPS &FINANCIAL AIDAT VA NDER BILT
Our resolve to make a Vanderbilt education accessible and affordable to alladmitted students is stronger than ever. Both our need-based and merit-basedscholarships reflect our dedication to making a Vanderbilt education possible.
OPPORTUNITY VANDERBILTNEED-BASEDSCHOLARSHIPS12Your ability topay is not partof the admissiondecision.*We meet 100%of your family’sdemonstratedfinancial need.3Your financialaid award willnot includeloans.*For U.S. citizens and eligible non-citizens onlyOur financial aid program does not involve income bands or income cutoffs that limit eligibility.SIGNATUREMERIT-BASEDSCHOLARSHIPSTHE INGRAM SCHOLARS PROGRAM recognizes students who plan tocombine a professional or business career with an entrepreneurial spirit and anexceptional commitment to civic-minded service, innovation, and leadership.THE CORNELIUS VANDERBILT SCHOLARSHIP recognizes studentswho combine outstanding academic achievement with strong leadership andcontributions outside the classroom.THE CHANCELLOR’S SCHOLARSHIP recognizes students with outstandingacademic records who have worked to build strong high school communitiesby bridging gaps among economically, socially, and racially diverse groups.1
OPPORTUNITY VANDERBILT NEED-BASED SCHOLARSHIPSOPPORTUNITY VANDERBILTNEED-BASED SCHOLARSHIPS EXPLAINEDProviding for a college experience is one of the largestsingle investments a family will make; we strongly believethat a Vanderbilt education is worth it. OpportunityVanderbilt is recognized as one of America’s best needbased scholarship programs.THE FINANCIAL AID AWARDThe typical need-based financial aid award that Vanderbiltoffers to first-year undergraduates with demonstrated needincludes a combination of grants, need-based scholarships,and employment opportunities/expectations.Grants and need-based scholarships come from varioussources, including Vanderbilt, federal, state, and privatesources. These funds are considered “gift” assistanceand do not require repayment. Employment opportunitiesoffer students a chance to gain valuable work experience inaddition to receiving a paycheck for hours worked.COST OFATTENDANCE-(MINUS)Loans are not included in financial aid awards.Opportunity Vanderbilt provides students theability to graduate debt free. However, under certaincircumstances or by request, loans from federal andother sources may ultimately be made available tostudents to replace any work expectation in the awardor to replace some portion of the family’s expectedcontribution.HOW NEED IS DETERMINEDDemonstrated financial need is determined by usingthe financial data you and your family submit. Your filewill be individually reviewed in order to determine yourfamily’s Expected Family Contribution (EFC). Once yourEFC has been determined, your financial aid officer willcalculate the difference between the cost of attendingVanderbilt and the contribution expected from youand your parents.EFC (ExpectedFamily Contribution) (EQUALS)ESTIMATED COST OFATTENDANCE FOR 2021–2022Tuition and Fees (72%) 57,974 Room and Board (23%) 18,376 Books and Personal (5%) 4,196ESTIMATED TOTAL(For One Academic Year) 80,546** An allowance for travel will also be added to this cost and is calculated basedupon the student’s state of residence.2* First-year engineering students are required to either purchase a laptop fromVanderbilt or provide their own computer that meets or exceeds School ofEngineering requirements. The current estimate for the computer if purchasedthrough Vanderbilt is 1,600. In addition, each engineering student must pay afee of 1,000. These amounts will be added to the cost of attendance.DEMONSTRATEDFINANCIAL NEED
GIFT ASSISTANCE AWARDED TOFIRST-YEAR VANDERBILT 4.4%FEDERALAND STATEASSISTANCE1.1%GIFTASSISTANCEFROM OTHERSOURCESVanderbilt Scholarships 52,736,813 Federal and State Grants 2,454,433 Other Sources 613,077Total Amount ofGift Assistance 55,804,323from all sources, awarded to allfirst-year undergraduate studentsfor the 2021–2022 academic year**as of June 2021&The average need-based financial aid package forfirst-year students entering fall 2021 contained97%3%GIFT AIDWORKFinancial aid awards do not include loans tomeet demonstrated need.3
OPPORTUNITY VANDERBILT NEED-BASED SCHOLARSHIPS4In 2020–202165%of Vanderbilt students receivedsome type of financial assistancefrom one or more sources.
Visit our net pricecalculator to estimateyour eligibility forneed-based aid.vu.edu/netpriceThere is no specific income that will automatically qualifya family to receive need-based aid at Vanderbilt. Incomeis only one consideration when determining eligibility forneed-based financial aid. Other significant factors include,but are not limited to, family size, number of childrenin college, private elementary and secondary tuitionexpenses, and family assets.LEARN HOW TO APPLY FOR OPPORTUNITYVANDERBILT NEED-BASED SCHOLARSHIPSON PAGE 11.9#BEST VALUEAMONG NATIONALUNIVERSITIESU.S. News & World Report, 2021NEED-BASED AWARDS TOFIRST-YEAR STUDENTS 2021–2022**MEDIANANNUAL AWARD% OF APPLICANTSOFFERED AIDAWARDRANGE 0–39,999 79,25697% 29,136–85,610 40,000–59,999 77,88599% 40,243–83,816 60,000–79,999 71,45999% 8,763–82,513 80,000–99,999 70,06797% 14,931–80,936 100,000–119,999 63,05296% 5,707–75,631 120,000–139,999 58,52796% 31,380–72,615 140,000–159,999 50,32995% 31,517–68,624 160,000–179,999 48,92491% 18,204–81,768 180,000–199,999 45,61483% 4,348–66,563 200,000 33,70933% 2,076–79,344PARENTINCOME RANGE**as of June 20215
MERIT-BASED SCHOLARSHIPSVanderbilt awardsmerit-based scholarshipsto applicants whodemonstrate exceptionalaccomplishment andintellectual promise.6
SIGNATUREMERIT-BASEDSCHOLARSHIPSThree signature scholarships—the Ingram Scholars Program, the CorneliusVanderbilt Scholarship, and the Chancellor’s Scholarship—comprise the majorityof Vanderbilt’s merit-based awards.Recipients of these scholarships are guaranteed full-tuition awards for up to eightsemesters that include a stipend for research, study abroad, a creative endeavor,or the required Immersion Vanderbilt experience.MISSION AND HISTORY OF VANDERBILT’SSIGNATURE SCHOLARSHIPSINGRAM SCHOLARS PROGRAME. Bronson Ingram, chairman of the Vanderbilt University Board of Trust from 1991until his death in 1995, conceived the Ingram Scholars Program in 1993 as a way toencourage Vanderbilt students to combine a professional or business career with alifelong commitment to finding solutions to critical problems facing modern society.Ingram’s own life exemplified volunteerism and an untiring commitment to mobilizing resources of the business community to assist nonprofit community groups. Hisendeavors have been continued by his family, including his wife, Martha R. Ingram,chairman emerita of the Vanderbilt University Board of Trust.CORNELIUS VANDERBILT SCHOLARSHIPThe Cornelius Vanderbilt Scholarship began in 2007 with a gift from the Sartain LanierFamily Foundation of Atlanta and was designated to unite and strengthen Vanderbilt’sexisting full-tuition academic merit scholarships under the umbrella of a coordinatedand cohesive scholarship. The Cornelius Vanderbilt Scholarship honors the vision ofVanderbilt University’s founder, Commodore Cornelius Vanderbilt, who endowed theuniversity in 1873 with a gift of 1 million to “contribute to strengthening the ties whichshould exist between all sections of our common country.” Today, Cornelius VanderbiltScholars continue that mission, bringing intellectual and community leadership to theVanderbilt campus. They forge interdisciplinary and interpersonal connections thatunite people and ideas across the world.CHANCELLOR’S SCHOLARSChancellor Joe B. Wyatt initiated Chancellor’s Scholars in 1985 to recognize studentswith outstanding leadership skills, strength of character, academic achievement, anda deep-seated commitment to diversity and social justice. Chancellor’s Scholars haveworked to build strong communities in their high schools by bridging gaps amongeconomically, socially, and racially diverse groups, and they have demonstratedsignificant interest in issues of diversity education, tolerance, and social justice.Chancellor’s Scholars are expected to build upon these earlier commitments throughcontinued active engagement in academic and leadership opportunities at Vanderbilt.The scholarship is funded with gifts from alumni, faculty, staff, students, corporations,and friends of the university.7
MERIT-BASED SCHOLARSHIPSNATIONAL MERIT SCHOLARSHIPSVanderbilt provides scholarship assistance for students named NationalMerit Finalists. Students must be admitted and designate Vanderbilt as theirfirst-choice school with the National Merit Corporation by the final deadlineto receive Vanderbilt’s National Merit Scholarship. For those finalists whoalso receive one of Vanderbilt’s merit-based scholarships, we guarantee anadditional 2,000 in National Merit total scholarship dollars per year from allsources (with Vanderbilt supplementing any smaller corporate or one-timeNational Merit Corporation awards). Those finalists who do not receive anadditional merit-based scholarship from Vanderbilt will receive a total of 5,000 per year in National Merit Scholarship assistance from all sources(with Vanderbilt supplementing any smaller corporate or one-time NationalMerit Corporation awards).ADDITIONAL MERIT-BASED SCHOLARSHIPSAT VANDERBILTVanderbilt offers a limited number of additional merit-based scholarships inamounts starting from 8,000 per year. Candidates for these scholarships willbe identified by the Office of Student Financial Aid and Scholarships on thebasis of academic achievement and fulfillment of any specific scholarshipqualifications unless noted below. Students wishing to ensure their consideration for these awards are encouraged to submit the Cornelius VanderbiltScholarship application by December 1, 2021.These additional merit-based scholarships include the following:Carell Family Scholarship for students who have held part-timeemployment during their high school years and demonstrate financialneed (full tuition and fees)Clark Scholars Program provides scholarship and programmaticassistance to meritorious engineering undergraduate students withdemonstrated financial need ( 15,000 per year plus assistance for asummer immersive experience)Curb Leadership Scholarship for students who place creativity at thecenter of their lives and use their talents and leadership to transformtheir communities, and demonstrate financial need ( 8,000)Fred Russell–Grantland Rice Scholarship for students interestedin pursuing a career in sports journalism ( 25,000)8
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HOW TO APPLYFOR SCHOLARSHIPSAT VANDERBILT10
OPPORTUNITY VANDERBILTNEED-BASED SCHOLARSHIPSFinancial aid forms and instructions are available at vu.edu/finaid.SIMPLY SUBMIT TWO FORMS:College Scholarship Service(CSS) Financial AidFree Application forFederal Student AidPROFILE(FAFSA)Your FAFSA and CSS PROFILE results will be sent to uselectronically. Our office will review these two formsupon receipt, and, if necessary, we will request additionaldocumentation to verify your information. If you areadmitted to Vanderbilt, your financial aid letter will beavailable online via your MyAppVU portal detailing yourfinancial aid award based on the timetable listed on page 12.Need-based assistance is awarded for one year, andstudents must re-apply each year to determinecontinuing eligibility. The application decision planthat a student selects (Early or Regular Decision) isneither an advantage nor a disadvantage in theneed-based scholarship application process.SIGNATUREMERIT-BASED SCHOLARSHIPSThere are separate applications for each of thethree signature merit scholarships. Scholarshipapplications will be available via your MyAppVUportal after you apply for admission.You must apply for admission separately to be consideredfor merit scholarships (vu.edu/apply). Please note thatthe admission deadlines are different from the meritscholarship deadlines.The application for the Cornelius Vanderbilt Scholarshipis required; you must apply to be considered. Forthe Ingram Scholars Program and the Chancellor’sScholarship, the application is strongly encouraged;preference is given to those who apply. Students whowish to be considered for additional merit scholarshipsare encouraged to complete the Cornelius VanderbiltScholarship application.All merit-based scholarship awards are renewablethrough four years (eight semesters) of undergraduatestudy as long as the recipient maintains at least a 3.0GPA. The application decision plan a student selects(Early or Regular Decision) is neither an advantage nora disadvantage in the merit-based scholarship selectionprocess. Financial need is not a factor unless otherwiseindicated.11
DATES AND DEADLINESNEED-BASED SCHOLARSHIPSEARLY DECISION INovember 4, 2021 — Priority filing deadline for CSS PROFILE and FAFSAMid-December — Financial aid award notificationLate March — Updated financial aid award mailedEARLY DECISION IIJanuary 2, 2022 — Priority filing deadline for CSS PROFILE and FAFSAMid-February — Financial aid award notificationLate March — Updated financial aid award mailedREGULAR DECISIONFebruary 3, 2022 — Priority filing deadline for CSS PROFILE and FAFSALate March — Financial aid award mailedMERIT-BASED ornelius ONYes*December 1, 2021By mid-March 2022December 1, 2021By mid-March 2022YesChancellor’sYes*December 1, 2021By mid-March 2022Additional MeritYes*December 1, 2021By mid-March 2022* Qualified students may also be identified for consideration on the basis of the application for first-year admission.12
FREQUENTLY ASKED QUESTIONSWhen I apply for need-based financial aid,am I also being considered for Vanderbiltmerit-based scholarships?No. The application for need-based scholarships is separatefrom the merit-based scholarship application process. To beconsidered for merit-based scholarships, there is a separateapplication process via your MyAppVU portal after you applyfor admission. Additional information regarding scholarships, including opportunities for National Merit Finalists,can be found at vu.edu/scholarships.How can I find out about scholarships orfinancial aid that may be available outsideof Vanderbilt?Vanderbilt students have been very successful in obtainingoutside sources of assistance. For the 2020–2021 academicyear, Vanderbilt undergraduates were awarded outsideassistance of more than 7,488,480. This included morethan 2.5 million in gift assistance from the TennesseeEducation Lottery Scholarship program (up to 5,500 peryear, per student).Also included was 4,253,772 awarded to students afterapplying on their own to sponsoring organizations, including parents’ employers, religious organizations, fraternalsocieties, women’s clubs, and veterans groups. Informationand advice regarding outside sources of assistance can beobtained through your high school guidance counselor,publications, and the internet. You may also access FastWeb,a free resource for information regarding scholarship opportunities available from a variety of entities, at fastweb.com.Can my parents secure a loan to help payfor my educational expenses?The Federal Direct PLUS Loan provides an opportunityfor parents potentially to borrow up to your full cost ofattendance for each academic year, minus any financialassistance received. Information regarding the PLUS Loancan be found on our website at vu.edu/loans-fedplus.How will outside scholarships affect myfinancial aid package?Based upon past experience, we anticipate that many ofour first-year undergraduate students will receive outsidescholarships or other gift assistance to help fund theireducational costs. Any outside scholarship(s) must be takeninto account as part of your total need-based financial aidpackage and cannot be counted as part of, or as a replacement for, your Expected Family Contribution (EFC).If an adjustment in your need-based financial aid packageis necessary, the outside scholarship will be used first toreplace an equivalent amount of work expectation. Receiptof outside scholarship funds may sometimes result in areduction of other grant/gift funds, but such reductionswill be made only as a last resort and only if no otheroptions exist.What types of employment opportunitiesare available?There are a variety of jobs available on campus and inthe surrounding Nashville area that provide part-timeemployment opportunities for students. Payment isdependent upon the position obtained and the type ofwork performed. Students earn a paycheck for the hoursworked each pay period, and those funds may be savedor applied to living expenses.Will I receive the same need-basedfinancial aid award every year?While Vanderbilt’s costs may increase from year to year, ifyour family’s circumstances—particularly the number offamily members, family members in college, income, andassets—remain relatively unchanged, you can expect toreceive a comparable amount of aid during your upperdivision years. To be considered for institutional needbased financial assistance, you must reapply each yearby completing the College Scholarship Service (CSS)Financial Aid PROFILE. To be considered for federal, state,and institutional financial aid programs, you must reapplyeach year by completing the Free Application for FederalStudent Aid (FAFSA).FIND MORE ANSWERS ATvu.edu/finaidFor questions about need-based and merit-based financialaid, please contact:Office of Student Financial Aid and ScholarshipsMonday–Friday, 8:00 a.m.–5:00 p.m. CTby phone at 615-322-3591 or 800-288-0204or by email at finaid@vanderbilt.edu13
#1Cover Photo: Steve Hall Hall Merrick PhotographersVanderbilt University is committed to principles of equal opportunity and affirmative action. Vanderbilt and the Vanderbilt logos are registered trademarks of The Vanderbilt University. 2021 Vanderbilt University. All rights reserved. Produced by Vanderbilt University Marketing. Printed on paper with 10 percent post-consumer recycled content as part of theuniversity’s commitment to environmental stewardship and natural resource protection. This publication is recyclable. Please recycle it.vu.edu/finaid2309 West End AvenueNashville, Tennessee 37203-1725Office of Student Financial Aid and ScholarshipsPrinceton Review, 2021GREATFINANCIALAID
Vanderbilt offers a limited number of additional merit-based scholarships in amounts starting from 8,000 per year. Candidates for these scholarships will be identified by the Office of Student Financial Aid and Scholarships on the basis of academic achievement and fulfillment of any specific scholarship qualifications unless noted below.
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Foreign aid has various different forms; economic aid, social aid and "other aid" components are the main ones. Economic aid is a form of physical capital, aid to both infrastructure and the production stage, social aid refers to aid in form of human capital whereas other aid components entail food and emergency aid (Akramova 2012, 119-120).
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