VPEP does not cover laboratory fees, course-specific or optional fees, room and board, transportation, computers, books or any fees not listed on the school's invoice.
If there are additional charges for a specific course of study, such as nursing or engineering, or for more than a full-time course load, these additional costs are not covered by VPEP.
Ownership of a VPEP contract has no bearing on the admissions process at Virginia colleges or those elsewhere. A student must apply to and be accepted by the school he or she wishes to attend.
Who is eligible for VPEP
Newborns through ninth graders are eligible to participate. Either the account owner or the beneficiary must be a Virginia resident at the time the application is signed. Account owners and beneficiaries must be U.S. citizens or legal residents. Corporations, partnerships, and trusts can also be account owners.