| Overall Rating | Gold |
|---|---|
| Overall Score | 69.24 |
| Liaison | Rob Andrejewski |
| Submission Date | March 4, 2022 |
University of Richmond
PA-8: Affordability and Access
| Status | Score | Responsible Party |
|---|---|---|
|
3.47 / 4.00 |
Rob
Andrejewski Director of Sustainability Office for Sustainability |
"---"
indicates that no data was submitted for this field
Provide at least one of the following figures:
100
Percentage of students graduating without student loan debt:
61
Percentage of entering students that are low-income:
17
Graduation/success rate for low-income students:
83
Optional Fields
The University of Richmond is need blind in the application review and selection of U.S. Citizens and U.S. Permanent Residents, ensuring that their admission to Richmond is not impacted by their family’s financial circumstances. The University meets the full demonstrated financial need for all admitted undergraduate students so that they can afford to attend Richmond.
In addition to generous need based aid, the University provides other support so that students from all financial backgrounds are able to participate in the full university experience. For example, the Richmond Guarantee provides up to $4,000 to each degree-seeking undergraduate student to fund a summer research experience or unpaid/underpaid internship. As a result, students who have financial need are not limited in their summer research or employment options. Aid is also adjusted to support study abroad, and funding is also available for many other programs, such as class-sponsored trips, special event clothing (suits for interviews, or even formal attire for our Junior Ring Dance), presentations and travel to academic conferences, and free housing during winter break for students who are not able to travel home. Students also benefit from an emergency fund, which provides funding during personal and family emergencies. There is also a fund which allows students on aid to be reimbursed for local cultural excursions, such as seeing a play or going to the symphony.
Richmond has an additional aid program for students from Virginia which provides full grant aid for tuition, room, and board to students from Virginia whose annual parental income is $60,000 or less. Further, students admitted from one of the University’s 25 partnership programs – community-based organizations like Prep for Prep or Chicago Scholars – receive award packages with their full demonstrated need met with grant funding.
In addition to generous need based aid, the University provides other support so that students from all financial backgrounds are able to participate in the full university experience. For example, the Richmond Guarantee provides up to $4,000 to each degree-seeking undergraduate student to fund a summer research experience or unpaid/underpaid internship. As a result, students who have financial need are not limited in their summer research or employment options. Aid is also adjusted to support study abroad, and funding is also available for many other programs, such as class-sponsored trips, special event clothing (suits for interviews, or even formal attire for our Junior Ring Dance), presentations and travel to academic conferences, and free housing during winter break for students who are not able to travel home. Students also benefit from an emergency fund, which provides funding during personal and family emergencies. There is also a fund which allows students on aid to be reimbursed for local cultural excursions, such as seeing a play or going to the symphony.
Richmond has an additional aid program for students from Virginia which provides full grant aid for tuition, room, and board to students from Virginia whose annual parental income is $60,000 or less. Further, students admitted from one of the University’s 25 partnership programs – community-based organizations like Prep for Prep or Chicago Scholars – receive award packages with their full demonstrated need met with grant funding.
A brief description of notable policies or programs to support non-traditional students:
Most non-traditional students enter through our part-time School of Professional and Continuing Studies. SPCS is fully staffed with academic advisors, on-site career counselors, their own student government association and access to all the library, computer labs, and other programs and services of the undergraduate population.
Estimated percentage of students that participate in or directly benefit from the institution’s policies and programs to support low-income and non-traditional students:
---
Website URL where information about the institution’s accessibility and affordability initiatives is available:
Additional documentation to support the submission:
---
Data source(s) and notes about the submission:
Richmond in Reach https://financialaid.richmond.edu/prospective/need-based/index.html
Spider First Gen and Low Income (FLI): https://inclusion.richmond.edu/students/first-gen/index.html
Richmond Guarantee https://www.richmond.edu/guarantee/
Emergency Fund
Career Opportunity Fund https://careerservices.richmond.edu/students/career-opp-fund.html
http://admissions.richmond.edu/visit/index.html
http://spcs.richmond.edu/degrees/students/index.html
Narrative and data from Admission, EM, IFX, SPCS and Financial Aid
Numerical data from Darrell Tyler in IFX
Spider First Gen and Low Income (FLI): https://inclusion.richmond.edu/students/first-gen/index.html
Richmond Guarantee https://www.richmond.edu/guarantee/
Emergency Fund
Career Opportunity Fund https://careerservices.richmond.edu/students/career-opp-fund.html
http://admissions.richmond.edu/visit/index.html
http://spcs.richmond.edu/degrees/students/index.html
Narrative and data from Admission, EM, IFX, SPCS and Financial Aid
Numerical data from Darrell Tyler in IFX
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to stars@aashe.org.