V
#15 Best Private Colleges in Virginia

Virginia Union University Tuition & Cost

Richmond, Virginia

 0 Reviews

How much does it cost to attend?

Sticker Price
$29,888
Costs for Virginia Union University
Fee Cost
Tuition$10,530
Books and Supplies$2,000
Other Fees$3,000
Room and Board $9,358
Other Expenses Budget$5,000

Annual Prices

The annual list price to attend Virginia Union University on a full time basis for 2020/2021 is $29,888 for all students regardless of their residency. This fee is comprised of $10,530 for tuition, $9,358 room and board, $2,000 for books and supplies and $3,000 for other fees. Out of state tuition for Virginia Union University is $10,530, the same as Virginia residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Virginia Union University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$18,722
Net Price by Income Virginia Union University
Family Income Net Price Paid
$0 to $30,000$18,941
$30,001 to $48,000$19,117
$48,001 to $75,000$21,816
$75,001 to $110,000$23,159
$110,000+$21,041

The average reported annual net price for Virginia Union University for students receiving grants or scholarship aid was $18,722 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges 

Financial Aid

98% of full-time undergrad Virginia Union University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $13,343 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 78% of students received Federal Student Loans averaging $6,582 and 2% of undergrads took out private student loans averaging $14,163.

Finanical Aid Virginia Union University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $13,343 98%
Institutional Grants and Scholarships $7,440 73%
Pell Grants $5,078 75%
Other Federal Grants $2,839 71%
State and Local Grants $2,969 51%
Federal Student Loans $6,582 78%
Other Student Loans $14,163 2%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Virginia Union University, we've modeled a ten year student loan with an original principal value of $69,796. The loan balance of $69,796 is a four year multiple of the $17,449 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $666 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $69,796
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $665.93
Total Interest Paid $10,115.70
Sum of All Loan Payments $79,911.70

Projected 4 Year Degree Price

4 Year Sticker Price
$119,552
Year All Residents
1 $29,888
2 $31,980
3 $34,219
4 $36,614

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Virginia Union University to be $119,552 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 4 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Virginia Union University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $482 $1,446 $1,928

Estimated cost for a class at Virginia Union University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Virginia Union University versus other colleges.

Tuition Payment Plans Available

Virginia Union University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=234164 IPEDS survey data for Virginia Union University.