Need-Based Aid

Also known as need-based aid, the Richmond In Reach program provides a number of ways to help students access 100 percent of the money they need to bring the cost of their education within reach.

Richmond In Reach packages are available to all eligible, full-time undergraduate students who are U.S. citizens or permanent residents.

Find out how to apply.

The Formula for Need-Based Aid

(COA) - (EFC) = Financial Aid Eligibility

Financial Aid Eligibility is the amount your financial aid package will be designed to cover.

Cost of Attendance (COA) is a total estimate of billable charges for tuition, room and board, as well as additional expenses you will incur for books, supplies and some personal expenses. Billable charges are set based upon the current tuition rate and the cost of a double, air-conditioned room and the full 19-meal plan.

Expected Family Contribution (EFC) is the amount of money a student’s family is responsible for paying toward cost of attendance. This amount is based largely on a federal need-analysis formula, but also is influenced by some institution-specific financial aid policies. To get an estimate of your family’s EFC, visit www.finaid.org. (Please note that this will provide only an estimate; your actual eligibility will be determined by our Office of Financial Aid using the information you submit on the aid application.)