I went to Vanderbilt and graduated in 2013. Their financial aid covered everything up to what FAFSA said my parents could afford- the EFC (expected family contribution) value. Tuition+room/board at the time was $56k, and EFC was $8k, so Vanderbilt covered the full 48k difference with no loans.
Vanderbilt has a very large endowment, and there is a lot of money earmarked for financial aid. I received $30k+ in scholarships that I never personally applied for, and I was able to graduate without loans.
On the flip side, if the EFC is very high and your family cannot afford it, you will have to get loans from another source.
Vanderbilt has a very large endowment, and there is a lot of money earmarked for financial aid. I received $30k+ in scholarships that I never personally applied for, and I was able to graduate without loans.
On the flip side, if the EFC is very high and your family cannot afford it, you will have to get loans from another source.