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University of Richmond Tuition & Cost

University of Richmond, Virginia

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How much does it cost to attend?

Sticker Price
$72,450
Costs for University of Richmond
Fee Cost
Tuition$56,860
Books and Supplies$1,100
Other Fees$0
Room and Board $13,430
Other Expenses Budget$1,060

Annual Prices

The annual list price to attend University of Richmond on a full time basis for 2020/2021 is $72,450 for all students regardless of their residency. This fee is comprised of $56,860 for tuition, $13,430 room and board, $1,100 for books and supplies and $0 for other fees. Out of state tuition for University of Richmond is $56,860, the same as Virginia residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend University of Richmond when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$25,700
Net Price by Income University of Richmond
Family Income Net Price Paid
$0 to $30,000$8,010
$30,001 to $48,000$8,606
$48,001 to $75,000$16,063
$75,001 to $110,000$22,625
$110,000+$45,094

The average reported annual net price for University of Richmond for students receiving grants or scholarship aid was $25,700 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

64% of full-time undergrad University of Richmond received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $43,893 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 33% of students received Federal Student Loans averaging $4,982 and 4% of undergrads took out private student loans averaging $27,284.

Finanical Aid University of Richmond
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $43,893 64%
Institutional Grants and Scholarships $43,618 56%
Pell Grants $4,911 17%
Other Federal Grants $3,961 4%
State and Local Grants $3,383 17%
Federal Student Loans $4,982 33%
Other Student Loans $27,284 4%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Richmond, we've modeled a ten year student loan with an original principal value of $77,716. The loan balance of $77,716 is a four year multiple of the $19,429 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $741 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $77,716
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $741.50
Total Interest Paid $11,263.56
Sum of All Loan Payments $88,979.56

Projected 4 Year Degree Price

4 Year Sticker Price
$289,800
Year All Residents
1 $72,450
2 $75,092
3 $77,831
4 $80,670

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of Richmond to be $289,800 - assuming graduation in normal time. The estimation assumes a 3.6% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at University of Richmond
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $2,320 $6,960 $9,280

Estimated cost for a class at University of Richmond based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at University of Richmond versus other colleges.

Tuition Payment Plans Available

University of Richmond Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=233374 IPEDS survey data for University of Richmond.