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Affording Richmond

Richmond is a private college, and that sometimes comes with sticker shock when you see the price tag. But the majority of Richmond students don’t pay full sticker price. We pride ourselves on having some of the best financial aid resources anywhere—and helping students and their families understand the aid process. Here are a few things you need to know:

  • Richmond is need-blind in admission. This means that we don’t look at your family’s financial situation when making admission decisions. As a result, we enroll a very socioeconomically diverse student body.
  • Richmond promises to meet 100% of demonstrated need for all U.S. citizens and permanent residents. This means that we calculate what you and your family can contribute financially to your education, and we make up the rest; our average need-based financial aid package for 2016-17 was $45,780. Fewer than 35 universities in the U.S. make this kind of commitment.
  • For Virginia residents whose family income is less than $60,000, Richmond provides a financial aid package equal to full tuition, room and board, without loans.
  • On average, Richmond students graduate with less debt than students attending Virginia’s top public universities, thanks to strong financial aid and scholarships.
  • Our Financial Aid staff are happy to help explain the process and walk you through the confusing parts. Just pick up the phone or send an email.
Average Need-Based Financial Aid Award
Students Receiving Institutional Aid
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Qualifying household income for Richmond's Promise to Virginia
First-year students receiving Federal Pell Grants