<p>UVa has very good need-based aid for all US students. However, they expect students who receive need based aid to do work study and to take out federal Stafford loans and often federal Perkins loans. A student can turn down or reduce the work study if they can find the money somewhere else. There is a maximum loan cap amount for total federal loans, after which a student is supposed to receive larger amounts of aid. That may kick in during a student’s last semester.</p>
<p>It is critically important to have all of your financial forms submitted by the deadline, which is fast-approaching. Also, the aid is typically only good for 8 semesters, so it is necessary to graduate on time to avoid unforeseen expenses. </p>