From the VASA website: 

"The State Council of Higher Education for Virginia (SCHEV) has oversight over state financial aid programs and administers the Virginia Alternative State Aid Application (VASA application), which may be used by any Virginia student who is otherwise ineligible to submit the federal FAFSA. The Council is committed to providing opportunities and support to ensure every Virginia student is able to pursue education beyond high school.

Regarding concerns that students, parents, and other partners may have about the confidentiality of information submitted on the VASA application, the purpose of the application is to provide necessary eligibility information to colleges and universities in Virginia that award state need-based financial assistance. SCHEV provides VASA application information with institutions selected by the student for the purpose of determining eligibility for state financial aid and complying with state financial aid policies. Campuses are prohibited by law from using the information for any other purposes or to share the data with other parties not involved in the award process.

SCHEV is committed to protecting the confidentiality of the information and privacy of students and families."