Virginia Tech officials are expecting an increase in student financial aid requests.
Last year, 25,014 students received aid and scholarships. This year more are expected to apply.
Today is the deadline for the Free Application for Federal Student Aid.
No official figures will be available until a new software program can compute the data, said Barry Simmons, director of scholarships and financial aid.
Because of the nature of financial aid, it is difficult to determine how the increase will affect individuals.
“It just depends,” Simmons said. “It’s so individualized. It depends on what type of students are applying (and) those that bring money with them.”
The university has a finite amount of money for financial aid, but more students applying does not necessarily mean less money for all.
However, federal stimulus funds will expire for the 2011-2012 academic year.
According to Tim Hodge, university budget director, eligible in-state students got $130 each from the funds, for a total of $2.3 million.
One detriment to financial aid for the upcoming academic year will be slashed work study funds.
These funds, given by the federal government, were cut by 41 percent in October.
Also affecting student aid is potential legislation cutting the Federal Pell Grant Program.
The grants, allocated based on academic status and financial need, award up to $5,550 a year.
The House Republican budget proposal would cut the grant by $845 per student, or 15 percent, and lower it further over the next decade.
“If (it) passes, we may potentially have to redo awards,” Simmons said. “Students should be aware.”