Richmond's Promise to Virginia

Beginning in fall 2025, the University of Richmond will fund 100% of the cost of tuition, housing, and food for qualified Virginia students whose parental income is $75,000 or less. And, since this is grant funding, it does not need to be paid back. That's Richmond's Promise to Virginia.

This flagship program builds on Richmond's longstanding commitment to affordability, placing particular emphasis on making a University of Richmond education accessible for the best and brightest students from across the Commonwealth.

Investing in Virginians

$82,370

estimated grant per student in 2024-25

students received Richmond's Promise to Virginia in 2023-24

$7M

approximate annual investment

Qualifications

To qualify for Richmond's Promise to Virginia, students must:

be residents of Virginia, along with their custodial parent(s)
be admitted and enrolled at Richmond as first-time, first-year students
qualify for need-based aid based on information provided on the financial aid applications each year
be U.S. citizens or U.S. permanent residents
have a total annual parental income of $75,000 or less earned in the tax year initially under review for that particular academic year’s aid application
- includes taxable and untaxed income of parent(s) and partner (if applicable)
- for students whose parents are divorced or separated, includes income of custodial parent, custodial parent's spouse or partner (if applicable), and noncustodial parent

Additional notes:

Students who are deemed Independent through the aid application process must have a total annual income for the student (and spouse or partner, if applicable) of $75,000 or less.
To remain eligible for this program in future years, students must reapply for aid each year and continue to meet the eligibility requirements as outlined above.
Individuals who qualify for federal student aid still have the option to accept Federal Direct Loans to assist with other educational expenses up to the Cost of Attendance.

I would have chosen a different school had UR and their donors not been so generous. I will forever be grateful for the extraordinary gift I was given.

Derek L., ’24

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Richmond's Promise to Virginia

Investing in Virginians

Qualifications