$5,374

Avg. Federal Grant

$4,874

Avg. Federal Loan

$81,759,899

Total Aid Awarded

University of Richmond Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

72%

Total Aid Amount Average Total Aid Awarded per year.

$81.760M

Financial Aid Official Website

financialaid.richmond.edu/

Among them are scholarship programs such as Army ROTC Scholarship, Bonner Scholars, Carnegie Dartlet $10,000 Scholarship, and Community Service Scholarship for Multicultural Students. Notably, 64% of the students at University of Richmond get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $7,357,114. One can visit UR's financial aid page at http://financialaid.richmond.edu/ for more information. Notably, a total of 16% of the applicants to University of Richmond receive the Federal Grant every year. On the other hand, 57% of the candidates get the Student Grant, 53% receive the Institution Grant, and 16% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,772, while the same comes to $3,257 for State Grant receivers and $42,264 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,657. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $51,848 per year. The average aid amount stands at $53,131 for an annual family income between $30,001 and $48,000. This amount comes to $48,053 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $39,672 for those with an annual family income between $75,001 and $110,000, and at $21,644 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At University of Richmond, the percentage of candidates who opt to avail of student loans is around 31%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

18%

State Grant Aid

16%

Institution Grant Aid

53%

Pell Grant

18%

Average Aid Awarded

Federal Grant Aid

$5,374

State Grant Aid

$3,321

Institution Grant Aid

$41,462

Pell Grant

$4,703

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$54,998

$30,001 - $48,000

$54,113

$48,001 - $75,000

$51,605

$75,001 - $110,000

$42,168

Over $110,000

$19,928

Student Loans for University of Richmond

Average Loan Amount Average Loan Amount received per year.

$6,552/Year

Students Taking Out Loans

35%

Loan Default Rate

2.1%

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