Tuition & Financial Aid
MBA - Tuition & Financial Aid - Non-Darden Scholarship Resources
Non-Darden Scholarship Resources
Scholarships and Grants
This page contains information on University of Virginia scholarships and grants. Please take the time to familiarize yourself with the different types of offers that are out there. Some of them will end up on your financial aid offer, if you apply for financial aid. For those who have applied for need-based financial aid with Darden and who have non-University scholarships, we provide a guide below for how those outside scholarships may impact your need-based awards.
We also provide you with information on non-UVA scholarship opportunities that we think are worth bringing to your attention: Fastweb, Going Merry, and Tuition Funding Sources and more below. Please note, you should never pay for a scholarship search.
Scholarships
In the most general terms, scholarships are offered by the Darden Admission Office at the time of admission. There are other scholarships available to students with special qualifications, such as academic, athletic, or artistic achievement. Scholarships are also available for students who are interested in particular fields of study, are members of certain underrepresented groups, live in certain areas of the country or who demonstrate financial need as determined by the UVa Financial Aid Application (UFAA). Students miss scholarship opportunities because they do not complete the UFAA.
Other University of Virginia Scholarship Resources
Non-UVA Scholarships
Non-UVA scholarships are offered by sponsors outside of the University. Many of these scholarships are made co-payable to the student and University; therefore, before the funds for these awards can be applied to the student’s SIS account, the student must physically sign the check. In the case where the funds have been paid directly to the student, the student is required to report the award to Darden. Many students ask us about merit-based scholarships. We recommend students begin their search at websites listed below, but please note you should never pay for a scholarship search.
Federal regulations require that Darden consider all resources available to a student when determining eligibility for financial aid awards. Not reporting scholarships can result in late fees, account holds, and incorrect awarding of financial aid. Darden will notify the student if their non-UVA scholarship causes a revision to their financial aid package.
To report a non-UVA scholarship, complete and submit the "Outside Scholarship Self-Reporting" form by contacting the Darden Financial Aid Office. Unless otherwise specifically requested in writing by the student, Darden will credit one half of the scholarship amount to the fall charges and one half to the spring. If you wish to have the amount applied in another manner, you may indicate this on the “Outside Scholarship Self-Reporting” form.
Employer-Provided Tuition Benefits
Employer-provided tuition benefits do impact our calculation of your demonstrated need. If you work for a company--another University or a school district, for example--and that company will pay for a portion of your costs, we will factor that in to the calculation of your need or revise your financial aid award, if notification of that benefit arrives after your award is complete. In general, the formula we use is Cost of Attendance - your EFC - your employer tuition benefit = your demonstrated need.
Military Educational Benefits
The enactment of H.R. 1777 [correction to the Higher Education Act of 1965], established the exclusion of certain federal military educational benefits from consideration as estimated financial assistance (EFA), when determining Title IV federal financial aid eligibility.
Virginia Military Survivor and Dependents Education Program (VMSDEP): The Virginia Military Survivor and Dependents Education program is often confused with the Survivors' and Dependents' Educational Assistance Program (Chapter 35). The main difference between the two programs is that Chapter 35 is a federal program and VMSDEP is a State program. As a State veterans benefit, the VMSDEP is to be treated as a standard financial aid resource and should first be used to adjust a student’s loans and work study awards.
Tuition Assistance Programs: Programs such as the Army National Guard Federal Tuition Assistance Program are not included on the list of federal programs (section 480 (c) of the Higher Education Act) to be excluded from Title IV consideration; therefore, they must be considered as estimated financial assistance (EFA) when determining eligibility for all federal assistance. These resources are to be treated as a standard financial aid resource and should first be used to adjust a student’s loans and work study awards.
How Scholarships and Grants Might Affect Your Darden Financial Aid Award
Need-based University scholarships and grants: University scholarships and grants are awarded as part of your financial aid offer.
Non-need based University scholarships and grants: These can potentially reduce your loan eligibility based on the Cost of Attendance and other aid received.
Non-need based non-UVA scholarships and grants: These can potentially reduce your loan eligibility based on the Cost of Attendance and other aid received.