Can I Afford It?
Financial aid at Richmond comes in many forms and from numerous sources, but it all adds up to one thing for you—an outstanding education that’s affordable. Through scholarships, grants, loans and other resources, over 65 percent of Richmond undergraduate students receive some type of financial aid.
We make Richmond affordable because we don’t want you to miss out on the education you deserve. Let us show you how.
Also known as "merit-based" aid, one of our scholarship opportunities allows us to award a tuition-free education to 50 students in every first-year class (1 out of every 15 incoming students) through the Richmond Scholars Program. Recipients have demonstrated extraordinary academic achievement, exceptional personal qualities and potential for ongoing contributions to society. Additionally, the Presidential Scholarship rewards students who have achieved a superior high school record in a rigorous curriculum as well as outstanding standardized test scores. The scholarship funding provides $15,000 per year for four years of undergraduate study at the University of Richmond. There also are partial scholarships available in areas ranging from art to community service, and many of our nearly 400 student-athletes come to the University on scholarships as well.
Also known as “need-based” aid, the Richmond In Reach program utilizes a handful of measures to determine what you can reasonably pay and what you cannot. Then, our personal advisors craft a combination of grants, loans and other resources to cover the difference.
In addition to the University's generous merit scholarships and need-based aid packages, students from Virginia may take advantage of additional programs.
Need-Based Aid for International Students
Each year a limited number of “need-based” grants are offered to incoming first-year international students.
Loan programs are available from the federal government as well as from private sources to assist with education expenses. Funding may also be available from your state.
Students looking for a job to earn some extra cash or to fulfill the federal work-study portion of their financial aid package will find that the Student Employment Office has resources to help.
Managing cash flow and payment cycles are important concerns. With that in mind, the Office of Student Accounts offers a payment plan option that can help defer payment over the academic year.
Tuition, Room and Board (2008-09)
Tuition: $38,850
Room/board: $8,200
Total: $47,050
Note: Room/board charge is based on a double room and the Spider Premium meal plan. Actual room/board charges may vary based on your selections.
