Richmond is among only 1 percent of institutions in the U.S. with both a "need-blind" admission policy and a guarantee to meet 100 percent of demonstrated need. Thirty-nine percent of undergraduates are eligible for need-based aid, with an average aid package of $49,420. Plus, all first-year applicants are considered for merit-based aid, including full-tuition scholarships and a variety of interest-based programs.

Richmond practices selective admission and uses a highly personal, holistic evaluation process. Submit the Common Application or Coalition Application, the Richmond Supplement, and other supporting documents by Nov. 1 for Early Action or Early Decision I, or by Jan. 15 for Early Decision II or Regular Decision. All first-year applicants who submit applications by Dec. 1 are considered for merit scholarships through the Richmond Scholars program.

For Virginia students with an annual parental income of $60,000 or less, the University will provide a full financial aid package equal to tuition, room, and meal plan, with no loans. Students must be admitted and enroll at Richmond as first-time, first-year students to qualify.