Virginia State University has been facing some financial difficulties within the last few weeks that have been making students very worried.
VSU President Makola Abdullah sent an email out on Oct. 8 detailing the recent financial findings.
Abdullah said that the Virginia Joint Legislative Audit and Review Commissions had recently released a study on VSU’s financial findings.
“A study released this week by the Virginia Joint Legislative Audit and Review Commission has identified Virginia State University as being at a low level of viability risk,” Abdullah said. “VSU’s low risks stem from challenges in pricing power (related to our affordable tuition cost) as well as the age and condition of some of our facilities.”
Although these findings are alarming, Abdullah says that these findings are not surprising.
“These findings do not come as a surprise to us,” Abdullah said. “In fact, they underscore what we already know, that as an HBCU, VSU has historically been underfunded compared to our contemporaries.”
With these findings becoming known, many students have been wondering what will happen to the financial aid that they have been trying to get.
Luckily, the financial aid department has a few scholarships that are offered to returning students at the start of every fall semester.
Some of the scholarships that are given out are the Reginald F. Lewis Scholarship and the University scholarship.
Another way for students to receive more financial aid is through grants.
There are two types of grants that students can get: federal grants and state grants.
Federal grants are offered through the federal government and state grants are offered through the state government.
Even though these findings are very upsetting for many VSU faculty and students, President Abdullah is very hopeful that it will get better financially.
“We are excited to continue to work with our state and federal governments to secure additional and needed funding as we continue to make a difference in Virginia and in the opportunities that we provide to transform the lives of generations to come,” Abdullah said.
