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 $66,590. 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.

Introducing iGrad!
The University of Richmond Office of Financial Aid has partnered with iGrad to provide Richmond students, faculty, staff, alumni, and prospective students & families with free access to the iGrad financial literacy platform. Join iGrad to explore interactive courses, personalized tools, and an expansive library of videos and articles on financial wellness topics such as budgeting, investing, student loans, building credit, and more! Access anytime at richmond.igrad.com.

Events

Mar 31
Undergraduate Loan Exit Counseling Session
3:00 PM - 4:00 PM
Apr 01
Graduate School Loan Options Information Session
5:00 PM - 6:00 PM
Apr 06
Law Student Loan Exit Counseling Session
12:00 PM - 1:00 AM
Apr 07
Investing Information Session
5:00 PM - 6:00 PM
See More Events

UR students

Attention Spiders!

Current students who wish to apply for financial aid for the 2026-27 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.

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The One Big Beautiful Bill Act was signed into law on July 4, 2025, bringing important changes to federal student aid. Visit our Federal Update page to learn how these changes may impact you.

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.
Learn More

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.

Learn more about Richmond Scholars
Other scholarship opportunities
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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.

Learn More About Richmond's Promise to Virginia
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Contact the Office of Financial Aid
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Undergraduate Admission
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Cost Calculators
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Updates