by our College Data Analytics TeamMost students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at South University-Richmond can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will South University, Richmond deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from South University-Richmond.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at South University-Richmond, 100% of new full-time first-years were awarded at least some aid approximately 9 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,135 |
| Institutional grants & scholarships | 33% | $2,988 |
| Federal Pell grants | 89% | $4,657 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $7,148 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at South University, Richmond, roughly 64% of undergraduates were awarded grant or scholarship aid averaging $5,740 (across approximately 204 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $5,740 |
| Federal Pell grants | 39% | $4,335 |
| Federal student loans | 50% | $7,747 |
For on-campus title-IV students, average grant aid came to $6,135.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $26,205 |
| $30,001 – $75,000 | $27,054 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $30,442 |
| Off-campus title-IV students | $26,205 |
To project your own net price, use South University, Richmond’s official net price calculator: www.southuniversity.edu/richmond/net-price-calculator.
Graduating students at South University, Richmond carry a median federal student debt of $13,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,000 |
| Median federal debt (graduates only) | $26,123 |
| Typical 10-year monthly payment (graduates) | $276.95/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at South University, Richmond.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,501 |
| 25th percentile | $4,750 |
| 75th percentile | $22,542 |
| 90th percentile (highest-debt students) | $37,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,643 |
| Middle income | $15,278 |
| High income | $14,700 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,883 |
| Continuing-generation students | $14,576 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,668 |
| Independent students | $12,990 |
These indicators are derived from the underlying debt data and summarize the overall picture at South University, Richmond.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at South University, Richmond:
| Metric | Value |
|---|---|
| Stafford loan recipients | 130230 |
| Total Stafford loan amount | $3,048,464,527 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 7 |
| Total GI Bill amount | $88,961 |
| Average GI Bill amount per recipient | $12,709 |
References
More about our data sources and methodologies.