A Private Education Made Affordable

A Private Education Made Affordable

Richmond is one of a few institutions in the U.S. with both a "need-blind" admission policy and a guarantee to meet 100 percent of demonstrated need for traditional undergraduate applicants. Thirty-six percent of undergraduates are eligible for need-based aid, with an average need-based aid package of $64,880. Plus, all first-year applicants who apply by December 1st are considered for merit-based aid, including full tuition, housing, and food scholarships and a variety of interest-based programs.

UR students

Attention Spiders!

Current students who wish to apply for financial aid for the 2025-26 academic year must submit their application by May 15. Visit How to Apply for application requirements. Applications received after the deadline will be subject to a late penalty.

Students interested in applying for a Federal Direct Loan for the summer 2025 session must submit the 2025-26 FAFSA and the Summer Federal Direct Loan Application. Applications should be submitted at least six weeks prior to the start of the summer term to ensure timely processing.

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Follow @ur_financialaid or https://www.instagram.com/ur_financialaid/ for financial aid updates! 

College Cost Transparency Initiative

The University of Richmond is committed to using the Principles & Standards of the College Cost Transparency Initiative in its student financial aid offer.

Richmond Scholars

The Richmond Scholars program awards the University’s most prestigious academic scholarships. Up to 25 incoming students receive these awards, which cover full tuition, housing, and food. All first-year applicants for undergraduate admission who apply by December 1st are automatically considered for this scholarship.

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Richmond’s Promise to Virginia

For students who are Virginia residents with total annual parental income of $75,000 or less, the University provides grant-based financial aid equal to full-time tuition, housing, and the Spider Unlimited meal plan.

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