1. University of Virginia. A public research institution, UVA meets 100% of demonstrated need-based aid for all students, both in and out of state. At least 35% of the University’s student population is awarded some level of need-based assistance. UVA’s aid packages can include grants, scholarships, work-study and loans. The University commits to limiting loans to an average of $4,500 to $7,000 per year, per student in an effort to minimize student debt.