AccessUVA Reauthorized But Student Loans Are Now Part of the Mix

uvaThe board of visitors of the University of Virginia has reauthorized the AccessUVA financial aid program. The program, which was launched in 2004, has allowed large numbers of low-income students to enroll at the University of Virginia, with 100 percent of their financial aid needs met.

In its first year, the university contributed $11.5 million to the AccessUVA program. Since that time federal financial aid programs have remained flat or decreased. In addition, after the major recession of 2008-09, many more families require financial aid than had been the case in the past. As a result, during the 2012-13 academic year, the university contributed $40.2 million to the AccessUVA program.

Due to the rising cost and increased demand for financial aid, the university will now be including loans as part of the financial aid packages. But the plan caps loans at $28,000 over four years for non-Virginia residents and $14,000 for in-state students.

Teresa Sullivan, president of the University of Virginia, stated, ““Our commitment remains ensuring access to the University of Virginia for the best students, regardless of their financial challenges. At the same time, we have an obligation to responsibly manage limited resources. These adjustments to the AccessUVa program provide the balance needed to accomplish both goals.”

Related Articles

Leave a Reply

Get the JBHE Weekly Bulletin

Receive our weekly email newsletter delivered to your inbox

Latest News

Three African Americans Appointed to New Academic Positions

Leon Prieto, Kofi Afrifah, and Andrea Moore have been appointed to new academic positions at Clayton University, Bowie State University, and Savannah State University, respectively.

Historic HBCU Landmark Revitalized Through National Park Service Grant

Through three restoration grants totaling $2 million, the Rosenwald Practice School and Principal House will be fully restored, becoming the new home for the Northeastern North Carolina African American Research and Cultural Heritage Institute.

Five Black Leaders Appointed to Administrative Positions

Here is this week’s roundup of African American who have been appointed to new administrative positions at colleges and universities throughout the United States. If you have news for our appointments section, please email the information to

North Carolina A&T University Establishes Research Partnership with Collins Aerospace

“There are direct relations to the research we do in the College of Engineering and the mission purpose of Collins Aerospace,” said Stephanie Luster-Teasley, interim dean of the College of Engineering at North Carolina A&T State University. “Being able to partner with Collins really gives our students the opportunities for hands-on research at each level – undergraduate and graduate.”

Featured Jobs