Princeton Review: UVA Is the Best Public College for Financial Aid – Again

April 26, 2022 By Jane Kelly, jak4g@virginia.edu Jane Kelly, jak4g@virginia.edu

For the second year in a row, The Princeton Review has ranked the University of Virginia the No. 1 public college or university in the country for financial aid.

The Princeton Review released its 2022 Best Value Colleges compilation on Tuesday.

The education services company, which is not affiliated with Princeton University, chose 209 schools for this year’s list out of its survey of more than 650 institutions. The publication reports the top public and private schools in rank order in seven categories, one of them being Best Value Colleges for Financial Aid, the section in which UVA soared to the top. (Princeton University is ranked the No. 1 private school for financial aid.)

#1 Public College in the Country for Financial Aid

#3 Best Value Public School

UVA was ranked highly in several other categories:

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  • No. 3 overall best value public school,
  • No. 3 best value public school for students who do not qualify for financial aid,
  • No. 3 best public school for alumni networks, and
  • No. 4 best public school for career placement.

“These rankings reflect UVA’s continued commitment to opening our doors to talented students from all backgrounds and to making it possible for everyone who is admitted to attend – regardless of their financial circumstances. It also reflects our commitment to providing the best possible value we can to our students,” UVA President Jim Ryan said. “This is not only good for students and their families, but also for UVA, because it means we are casting our net as wide as possible to bring in the most talented and promising students we can.”

“We admit great students who make each other better,” added Stephen Farmer, UVA’s vice president for enrollment. “When we make it possible for any of these students to join us, every other student benefits. I’m grateful for the commitment to financial aid that allows us to welcome such students and help them thrive.”

The Princeton Review based the best value rankings on schools with the highest return on investment, according to their methodology. The company also considered school-reported data in areas such as academics, graduation rates, student debt, cost, financial aid and career services from the 2020-21 school year. It also took into account data on the levels of job satisfaction and the salaries of alumni.

UVA has a long-standing commitment to generous need-based financial aid. The University’s financial aid program, Access UVA, meets 100% of undergraduates’ demonstrated financial need through a combination of grants, scholarships, jobs and need-based loans. It limits need-based loans to a maximum of $4,500 per year for in-state students and $7,000 annually for out-of-state students. Need-based loans are capped at $1,000 per year for in-state students with high financial need.

How Affordable is UVA?

UVA covers full tuition, fees, and room and board for in-state students whose families earn less than $30,000 a year and have typical assets. The University fully covers tuition and fees for students from Virginia families who earn less than $80,000 per year and have typical assets.  

“The schools we chose as our Best Value Colleges for 2022 are a select group: they comprise only about 7% of the nation’s four-year undergraduate institutions,” said Rob Franek, editor-in-chief of The Princeton Review.

“We commend their administrators, faculties, staff and alumni for all they are doing to educate their students and guide them to success in their careers,” Franek said. “These colleges are also exceptional for the generous amount of financial aid they award to students with need and/or for their comparatively low cost of attendance.”

Media Contact

Jane Kelly

University News Associate Office of University Communications