University of Richmond
University of Richmond, VA 23173

Financial Aid

$39,115
Average Institutional Grant
2016-2017

In the 2016-2017 academic year, full-time freshman students of University of Richmond were awarded a total amount of $17,909,382 in grant and $1,461,934 in federal student loans. 57% of freshman students received some type of financial aid either in the form of grant or scholarship from the federal, state or local government and the institution. 36% of the freshman students received federal student loan.

The following tables details the breakdown of all types of financial aid awarded to full-time undergrad students who entered the college in Fall 2016

Grant & Scholarships

Students Receiving Aid Average Amount Total Amount
Pell Grant 132 16% $4,355 $574,807
Other Federal Grant 20 2% $3,829 $76,583
State Grant/Scholarships 106 13% $3,031 $321,313
Institutional Grant/Scholarships 433 54% $39,115 $16,936,679
Total Grant & Scholarships 461 57% $38,849 $17,909,382

Student Loans

Students Receiving Loans Average Amount Total Amount
Federal Student Loans 289 36% $5,059 $1,461,934
Private Loans 36 4% $18,650 $671,391
Total Loans 298 37% $7,159 $2,133,325

Student Loan Default Rate

1%
Current default rate
Fiscal year - 2014

The following table shows Federal Family Education Loan (FFEL) Program and William D. Ford Federal Direct Loan (Direct Loan) borrowers statistics and default rates for University of Richmond from 2012 to 2014 and comparisons between the school's default rates and similar schools in the state and national average.

Default Rate
Fiscal Year Borrowers Defaulters School State Avg. National Avg.
2014 840 11 1%
2013 799 17 2%
2012 778 12 1%
  • Fiscal Year - October 1 to September 30
  • Borrowers - Total number of borrowers who entered into repayment in the fiscal year.
  • Defaulters - Number of borrowers who defaulted in the fiscal year.
  • School - University of Richmond's default rate
  • State Avg. - Virginia's 4 year colleges average default rate
  • National Avg. - National average default rate of 4 year colleges

Financial Aid by Income Level

This section details the amount of financial aid provided to University of Richmond students over the past 5 years. The data is categorized into 5 income brackets. Click on each income bracket to view the amount of finanical aid provided and the number of recipients for the past 5 years.

Net Price

$22,400
Average Net Price
2016-2017

Weather your family is financially well-off or unaffluent, you might be eligible for some type of financial aid in the form of grant, loan or scholarship. No matter what your situation is, you should first apply for Federal Student Aid (FAFSA). Colleges and universities use the information from your FAFSA and federal tax return to calculate your Expected Family Contribution (EFC). Your EFC determines how much financial aid you're eligible to receive.

This section details the net prices paid by students in the 2016-2017 academic year at University of Richmond. The amounts are averaged out for 5 family income brackets.

Here is a simple formula to calculate your net price or use the link below to estimate your net price more accurately.

Net Price = Sticker Price - Financial aid

Financial aid include: federal, state or local government grants and institutional grants and scholarships

Average Net Price by Family Income

Family Income Average Net Price
Less than $30,000$8,681
$30,000 to $48,000$11,387
$48,000 to $75,000$14,515
$75,000 to $110,000$23,205
Over $110,000$40,438
Get your personal estimate

Veterans and Service Members

$16,157
Average Financial Aid
2016-2017

The following section details the amount of financial aid provided to veteran students and their family members at University of Richmond.

Unlike other types of government financial aid, veterans financial aid is available to both undergraduates and graduate students.

Post-9/11 GI Bill

Yellow Ribbon Program

Learn more about financial aid for veterans

Financial Aid Deadlines

January 15

  • Student must reply to financial aid offer

February 15

  • Financial aid application (regular)

April 1

  • Financial aid decisions notification

April 15

  • Transfer applicants will be notified

Campus Location

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Nearby Colleges

Nearby 4 year colleges within 100 mile radius of University of Richmond.

Randolph-Macon College
13 mile away
Virginia Baptist College
49.2 mile away
Hampden-Sydney College
55.8 mile away
Bethel College
72.3 mile away
Hampton University
76.3 mile away
Chowan University
82.4 mile away