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University of Virginia is one of the nation's most historic universities. The main campus in Charlottesville, VA was founded by Thomas Jefferson in 1819. Today the university carries on his desire to educate students for leadership roles whether in Virginia or elsewhere. In fact, UVA is considered one of the nation's top public institutions and has been ranked as the #2 best value in public universities nationwide by U.S. News and World Report.
In fact, the school maintains a focus on high academic standards by admitting students solely on the basis of academic merit. Strong students who have demonstrated financial need find that their needs are met 100%. Thus, even the poorest students graduate with a reasonable debt load.
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Overview of University of Virginia (UVA)
This financial model helps UVA fulfill on its commitment to diversity while also engaging students in challenging research opportunities. While many private schools that offer competitive academic rigor bias their admissions based on ability to pay or family legacy, UVA ensures the strongest possible student body by maintaining a merit-only admissions standard. The state and entire nation benefit when each year the graduating class is wholly composed of the best possible scholars.
|Campus Setting||Suburb: Small|
|Student Faculty Ratio||15:1|
UVA Acceptance Rate and Admissions
|High School GPA||Recommended|
|High School Rank||Recommended|
|High School Transcripts||Required|
|College Prep Courses||Required|
|TOEFL (Test of English as a Foreign Language)||-|
|Application Deadline||January 1|
|Common Application Accepted||Yes|
UVA Tuition Cost & Financial Aid
Educational costs are on everyone's minds these days. However, UVA shows real dedication to helping students who demonstrate financial need. In fact, the school will cover all of the demonstrated financial need of its students in order to admit scholars based solely on their merits. This allows students from poorer backgrounds to stand on a level playing field with those from the country clubs who might be able to pay for their tuition in full at the beginning of each semester.
For in-state students, the total annual costs for studying at UVA, including all fees and room and board, before any adjustments are $33,493. Out-of-state students face stiffer costs as their annual price is approximately $64,872. However, 7,186 students receive financial aid in the form of grants or scholarships. The total amount allocated without need for repayment is $138,050,314, with each student receiving an average of $19,000. Pell Grant recipients at UVA number around 2,000 students who receive an average of $4,400 in assistance. Approximately 4,000 students receive student loans that average $6,116.
|Average net price||2017-2018|
|Average Total Aid||$21,865|
|Students Receiving Financial Aid||59%|
|Room & Board||$11,590|
- Tuition In-State - $17,653
- Tuition Out-of-State - $49,032
- Books and Supplies - $1,350
- Room & Board - $11,590
- Other - $2,900
UVA is an excellent school that values student merit over their ability to pay tuition. That may be part of why they boast a 97% retention rate. Retention rate measures the percent of first-year students who return for their second year at UVA. The retention seems to proceed through most student's academic career as the overall graduation rate is 94%. On top of that, approximately 88.5% graduate in four years, which is increasingly rare nationwide. Women at UVA tend to follow national trends by graduating in higher numbers than their male counterparts.
Since UVA supports a student teacher ratio of 15:1, students are sure to find a supportive environment where they can participate in classroom discussions, find faculty mentors, and engage with the sorts of projects and research that suit their abilities the best. Though there are over 70 possible majors and minors, UVA's opportunities don't end there. In fact, students who have individual, even unusual interests may choose to design their own major. The accepted proposals for these should show enough focus to be well-defined but not so specific as to limit academic growth.
Given the merit-based focus of UVA's admission policy, it's no wonder that the school is not only highly competitive but that it retains its first-year students and sees them clear through to graduation.
Student Population Total
Student Population 24,639
Most Popular Programs & Majors
(# of Diplomas Awarded by Subject)
|All Business Majors||349 Total Graduates / 8%|
|All Engineering Majors||486 Total Graduates / 12%|
|All Social Science Majors||663 Total Graduates / 16%|
|Economics, General||295 Graduates|
|Political Science and Government||87 Graduates|
|All Biological & Biomedical Majors||273 Total Graduates / 7%|
|Biology/Biological Sciences||273 Graduates|
|Medical Microbiology and Bacteriology||-|
|All Computer Information Science Majors||-|
|All Other Diplomas||57%|
Outcome & Salary
Graduates of UVA find that their hard work and dedication to excellence pays off. Their salaries average around $77,000 and their early career salaries were found to be an average of $65,000 by payscale.com. Payscale also found that the ROI for a UVA degree is 6.1% and that the net 20-year return should be somewhere around $500,000.
Since UVA is located in Northern Virginia, graduates will have ample opportunities in the nearby DC Metro area, Richmond, or even Baltimore. The alumni networks throughout the state and region should also be helpful when it comes to landing an internship or a first job.
|College Grads Early Career Salary||$65,900|
|College Grads Average Salary||$77,000|
|College Grads Mid Career Salary||$129,200|
|Return on Investment (ROI)|
|10 Year Salary Earnings Potential||$770,000|
|20 Year Salary Earnings Potential||$2,062,000|
|Cost of Education (Net Price) 4 Year||$71,380|
|10 Year Projected ROI||$698,620|
|20 Year Projected ROI||$1,990,620|
|No College Education Salary Comparison|
|National Average Salary||$38,792|
|10 Year Projected Income||$387,920|
|20 Year Projected Income||$775,840|
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