The purpose of the Virginia Commonwealth Award is to assist undergraduate students with financial need and graduate students to pay part of their college costs. Funds may be used for need-based grants to Virginia resident undergraduates or for grants or assistantships to graduate students (both in-state and out-of-state)

The purpose of the Virginia Guaranteed Assistance Program (VGAP) is to provide an incentive to financially needy students now attending elementary and secondary school in Virginia to raise their expectations and their academic performance and to consider higher education an achievable objective in their future.

The Virginia Military Survivors and Dependents Education Program (VMSDEP) is a Commonwealth of Virginia program that provides education benefits to spouses and children of qualifying veterans who have been rated by the U.S. Department of Veteran Affairs (USDVA) as totally and permanently disabled or at least 90 percent permanently disabled as a result of military service or qualifying military service members killed, missing in action, taken prisoner, or who have been rated by the USDVA as totally and permanently disabled or at least 90 percent permanently disabled as a direct result of involvement in covered military combat. Military service includes the United States Armed Forces, United States Armed Forces Reserves, or the Virginia National Guard. VMSDEP assists survivors and dependents of qualified veterans or service members in attaining their educational goals.

Sallie will award $2,000 each month to eligible entrants. No essay or account profiles required.