Vanderbilt is committed to enrolling talented, motivated students from diverse backgrounds. More than 60 percent of Vanderbilt students receive some type of aid. The university offers a full range of merit-based scholarships, need-based financial assistance and financing/payments options to families of all income levels. More information can be found at vanderbilt.edu/financialaid .
Beginning in the fall of 2009, need-based financial aid packages for all undergraduate students no longer include need-based loans. This latest initiative does not involve the use of income bands or "cut-offs" to pre-determine levels of eligibility and applies to all undergraduate students with demonstrated financial need who are U.S. citizens or eligible non-citizens. The end result is that, in addition to a realistic academic year earnings expectation, all need-based aid packages now include scholarships and/or grants (gift assistance) in place of need-based loans that would have previously been offered to meet demonstrated need.