This sum represents the actual reported cost, including tuition, room, board, books, and miscellaneous expenses, for students enrolled full time in the University over four years. The stipend totals over $200,000.00 for residents outside the Commonwealth of Virginia.

A grant will be canceled by conduct that, in the sole judgment of the Jefferson Scholars Foundation Board of Directors, is contrary to the high standards of the Jefferson Scholars Foundation. The Foundation is financially prepared to renew the scholarship grant for eight semesters of study, but all grants are made in advance for one semester only and are renewed each semester at the sole discretion of the Jefferson Scholars Foundation Board of Directors. Financial need, which the University meets through other resources, is not a consideration in making nominations, recommendations, or selections. Individual merit in these three areas is the sole criterion for selection. The goal of the Foundation is to attract the most outstanding students in the nation and the world to the University, students who are extraordinary leaders, scholars, and citizens. The Jefferson Scholars Foundation offers Jefferson Scholarships for undergraduate study at the University of Virginia.

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