by our College Data Analytics TeamMany students will not be asked to pay 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 price tag of going to University of Richmond can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financing solutions does URichmond provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to see how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from University of Richmond.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at University of Richmond, 63% of first-time, full-time freshmen received some form of financial aid around 522 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $51,039 |
| Institutional grants & scholarships | 52% | $51,249 |
| Federal Pell grants | 15% | $5,977 |
| State/local grants | 13% | $4,931 |
| Federal student loans | 27% | $4,881 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At URichmond, approximately 77% of undergrads got grants or scholarships worth on average $42,468 (across approximately 2339 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $42,468 |
| Federal Pell grants | 17% | $5,655 |
| Federal student loans | 32% | $6,165 |
For on-campus title-IV students, average grant aid came to $49,652.
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 | $13,942 |
| $30,001 – $75,000 | $17,003 |
| Over $75,000 | $43,885 |
Remember these are net prices — what families pay after gift aid, not before.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $31,309 |
| Off-campus title-IV students | $33,417 |
For a personalized estimate based on your family’s financial situation, use URichmond’s net price tool: npc.collegeboard.org/app/richmond.
The median federal debt load at URichmond comes to $19,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,000 |
| Median federal debt (graduates only) | $21,000 |
| Typical 10-year monthly payment (graduates) | $222.63/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at URichmond.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,000 |
| 25th percentile | $9,570 |
| 75th percentile | $26,857 |
| 90th percentile (highest-debt students) | $27,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,055 |
| Middle income | $17,750 |
| High income | $20,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,203 |
| Continuing-generation students | $19,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,000 |
| Independent students | $18,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. URichmond.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at URichmond:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8998 |
| Total Stafford loan amount | $222,431,327 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 44 |
| Total GI Bill amount | $663,070 |
| Average GI Bill amount per recipient | $15,070 |
References
More about our data sources and methodologies.