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 $52,060. 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. 1 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.

The Richmond Scholars program awards the University's most prestigious academic scholarships. Given to 25 incoming students, these awards are full tuition plus room and meals. All first-year applicants for undergraduate admission who apply by Dec. 1 are considered automatically.

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. Qualifying students must be first year students with no completed college coursework after graduating from high school.