University of Richmond
University of Richmond, VA 23173
About University of Richmond
University of Richmond is a selective private research university in University of Richmond, Virginia, serving roughly 2,980 students. Admission is selective for first-time degree-seeking undergraduates reporting admissions data to the Education Department. The acceptance rate is about 22.20% in the latest College Scorecard admissions data. Median earnings about ten years after entry reach about $76,178 among students who received federal aid.
Key findings
- University of Richmond charges about 2.2× the national private non-profit median tuition ($65,230).
- Versus the Virginia median, sticker tuition is about 4.0×.
- Completion within 150% of normal time is 85.20%.
- Median earnings 10 years after entry are $76,178.
Research findings
Finding
Average net price at University of Richmond is about 52% below published tuition.
Published tuition is $65,230; average net price is $31,309 in the latest Scorecard extract.
Interpretation: Institutional aid and grants compress sticker price into a substantially lower typical undergraduate cost signal.
Limitation: Average net price masks variation by household income; income-band net prices can diverge sharply from the campus average.
Finding
Modeled return on investment at University of Richmond is strong.
Estimated ROI reaches about 508% using Scorecard cost and 10-year earnings fields in this extract.
Interpretation: On this institution-wide model, typical graduate earnings over a decade substantially exceed estimated net education cost.
Limitation: ROI is institution-wide and not program-specific; individual outcomes vary by major, aid package, and labor market.
Finding
University of Richmond awards credentials across a wide program mix.
IPEDS completions cover more than 55 distinct degree programs at this campus.
Interpretation: Institutional averages blend very different fields; program-level completions and earnings matter more than the campus mean alone.
Limitation: Completions counts are not enrollment demand and do not measure program quality.
Cost benchmarks
| Benchmark | Median Tuition | Median Net Price | Count |
|---|---|---|---|
| University of Richmond | $65,230 | $31,309 | 1 |
| Private Non-profit (national median) | $29,325 | — | 1,444 |
| Virginia (state median) | $16,364 | $8,852 | 107 |
| Suburban (locale median) | $13,135 | $18,048 | 684 |
| United States (national median) | $11,900 | $17,156 | — |
Compares this campus to school-type, state, and locale medians plus a U.S. national median (College Scorecard–derived). Locale groups campuses by NCES locale type; state tuition is the median published tuition among campuses in that state.
Average net price is 52% below published tuition at University of Richmond
Key findings
- University of Richmond's average net price ($31,309) is 52% below published tuition ($65,230).
- University of Richmond charges about 2.2× the national private non-profit median tuition ($65,230).
- Versus the Virginia median, sticker tuition is about 4.0×.
University of Richmond tuition
Published undergraduate tuition $65,230
Finding University of Richmond charges about 2.2× the national private non-profit median tuition.
Evidence Published tuition is $65,230. That is about 2.2× the national private non-profit median ($29,325). Versus the Virginia median ($16,364), sticker tuition is about 4.0×. Versus the U.S. median ($11,900), sticker is about 5.5×.
Method Sticker tuition compared with Scorecard-derived medians by ownership, state, locale, and national rollups when available.
Interpretation Published tuition measures sticker price relative to private non-profit and geographic peers; it does not equal what undergraduates typically pay after aid.
Limitation Sticker comparisons omit room, board, and institutional aid; average net price and income-band net prices are the stronger signals of typical family cost.
Evidence: published tuition at University of Richmond versus school-type, state, locale, and U.S. medians.
Evidence: average net price at University of Richmond versus state, locale, and U.S. medians.
What undergraduates typically pay
Finding Average net price at University of Richmond is $31,309.
Evidence College Scorecard average net price is $31,309 (cost of attendance minus average grant aid for aided undergraduates). That is about $22,457 above the Virginia median net price. Versus suburban campuses, net price runs $13,261 above the locale median.
Method Average net price from College Scorecard; compared with state, locale, and U.S. medians from EDsmart aggregates.
Interpretation Average net price is a stronger institutional cost signal than published tuition because it incorporates grant aid.
Limitation The campus average masks large differences by household income; income-band net prices can diverge sharply from the overall average.
Key takeaway University of Richmond’s published tuition substantially overstates typical undergraduate cost: average net price is about 52% lower after grants and scholarships.
University of Richmond: research record
Canonical EDsmart Data findings for University of Richmond—costs, outcomes, admissions, and programs—with evidence and methodology notes.
Research findings
Interpretation
Completion, earnings, and net price together describe a campus where sticker price overstates typical undergraduate cost while outcomes remain at the high end of Scorecard distributions.
Financial profile
Annual tuition
$65,230
Avg. net price
$31,309
Net price by family income
| Income bracket | Avg. annual net price |
|---|---|
| $0–$30,000 | $12,808 |
| $30,001–$48,000 | $6,507 |
| $48,001–$75,000 | $15,553 |
| $75,001–$110,000 | $22,021 |
| $110,001+ | $49,892 |
Sticker tuition × four years (estimate, no room/board): $260,920. See cost investigation.
Student outcomes
Share of first-year students returning the following fall.
Graduation rate and 10-year earnings are in the hero strip above; see Graduates for more.
What University of Richmond is known for
Top program completions
- Business Administration and Management, General278
- Law151
- Econometrics and Quantitative Economics65
- Organizational Behavior Studies61
- Multi-/Interdisciplinary Studies, Other56
See earnings & programs for more.
Admissions landscape
- Highly selective — fewer than 3 in 10 applicants are admitted.
- Yield: 24% of admitted students enrolled.
- Average SAT: 1497
See Admissions for the full funnel.
Is University of Richmond a good school?
Data-framed fit—not a prestige rating.
University of Richmond is a good school for those looking for strong completion and solid mid-career earnings—especially where average net price sits well below published tuition (about 52% lower in this extract).
EDsmart Data does not assign an opinion score; this framing summarizes the strongest Scorecard signals for this campus.
More from the data
Location, control, enrollment, and aid context for University of Richmond.
Campus
Location
University of Richmond, VA
City / state
- ZIP
- 23173
- NCES locale
- Suburb
Compared with Suburban campuses nationally, net price is 73% above the median for Suburban campuses ($18,048 median).
Control
Institution type
Private Non-profit
Control
- Region
- Southeast
- Carnegie
- Baccalaureate Colleges: Diverse Fields
Size
Enrollment
2,980
Total enrollment
- Undergraduate
- 3,618
- Graduate
- 667
- Full-time share
- 97%
Student aid
Debt & aid
$21,000
Median federal loan debt
- Pell grant share
- 17.16%
Total Cost, Aid & Default
Total Cost of Attendance
Tuition vs average net price after aid for University of Richmond.
Financial Aid by Income Level
Financial aid distribution by income level.
Student Loan Default Rate
The published 3-year cohort default rate for borrowers at University of Richmond was 0.00%.
Cohort default rates account for borrowers who default in the first three years.
Tuition tracker
Published tuition and average net price by reporting year come from the College Scorecard institution file. Values are not adjusted for inflation; missing cells mean the field was not reported or was suppressed for University of Richmond in that year.
Reporting years in the table below: 2013–2023 (Scorecard labels refer to the institutional submission cycle).
| Year | In-state tuition & fees | Out-of-state tuition & fees | Average net price |
|---|---|---|---|
| 2013 | $45,320 | $45,320 | $24,505 |
| 2014 | $46,680 | $46,680 | $24,859 |
| 2015 | $48,090 | $48,090 | $23,329 |
| 2016 | $49,420 | $49,420 | $24,699 |
| 2017 | $50,910 | $50,910 | $26,264 |
| 2018 | $52,610 | $52,610 | $25,911 |
| 2019 | $54,690 | $54,690 | $25,838 |
| 2020 | $56,860 | $56,860 | $27,050 |
| 2021 | $58,570 | $58,570 | $29,232 |
| 2022 | $60,330 | $60,330 | $28,649 |
| 2023 | $62,600 | $62,600 | $33,417 |
Sticker tuition and net price over time
Where the institution reported separate in-state and out-of-state tuition, both appear. Gaps mean the value was not reported for that year.
College Scorecard reporting-year fields (not inflation-adjusted).
Net price by family income
Brackets follow Scorecard definitions for the series shown (public vs private institution).
Latest income-band net prices available in the processed extract.
How difficult is it to get in?
Acceptance Rate
This institution is highly selective, accepting fewer than 3 in 10 applicants.
Applicants → admits → first-time enrollment from College Scorecard / IPEDS. Bar widths are scaled for readability at highly selective schools.
Test Scores
Average 1497 (middle 50% not reported)
Scores for enrollees who submitted tests (College Scorecard).
Academic Requirements
Estimated from admission selectivity and test scores. Scorecard does not publish admitted-student GPA for most institutions.
Estimated range · median 3.85
Estimated GPA band from selectivity and test scores — not an official requirement.
Enrollment & Student Demographics
University of Richmond reported total enrollment of about 2,980 students in the latest College Scorecard extract. The student body is about 46% male and 54% female. Enrollment by race and ethnicity includes White (61.9%), Non-Resident Alien (10.7%), and Hispanic or Latino (9.2%). About 17.16% of undergraduates receive Pell Grants. Roughly 12.3% of students are first-generation college students.
Full-Time vs Part-Time Enrollment
96.9% Full-Time Enrollment
The total enrollment at University of Richmond in 2024 is 2,980 students.
Undergraduate enrollment is about 3,618 students. Graduate enrollment is about 667 students.
Full-time vs part-time enrollment comparison.
Retention Rate over Time
90.8%
2024 Retention Rate
Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall.
Retention rate over time compared to similar institutions.
Enrollment by Race & Ethnicity
Largest share of total enrollment in our College Scorecard extract.
College Scorecard student demographics (total enrollment shares).
Do students complete their programs?
Time to Complete
77.86% 100% Completion Time
85.20% 150% Completion Time
In 2024, 77.86% of students graduating from University of Richmond completed their program within 100% "normal time".
Completion rates over time compared to similar institutions.
Completions by Sex (Top Programs)
- Business Administration and Management, General: 56% male / 44% female
- Law: 35% male / 65% female
- Econometrics and Quantitative Economics: 46% male / 54% female
IPEDS completions by sex for the five largest programs (aggregate CIPs excluded).
Completions by Race & Ethnicity
Largest group by summed IPEDS award counts across reported programs.
Summed across program completion records in our extract.
University of Richmond graduates earn a median of $76,178 ten years after entry
Finding Earnings, debt, and program mix define the financial profile of University of Richmond.
Evidence Median earnings 10 years after entry: $76,178. Median federal loan debt: $21,000. Average net price used in cost models: $31,309.
Method College Scorecard median earnings (10-year), median debt, and EDsmart ROI / payback models using campus net price.
Interpretation Institution-wide ROI and debt ratios summarize campus averages; program choice still drives individual outcomes.
Limitation Salary reflects median earnings ten years after entry; ROI is not program-specific.
Key takeaway University of Richmond graduates report median earnings of $76,178 ten years after entry—an institution-wide outcomes signal, not a program guarantee.
Return on Investment
Debt and 4-year net cost vs. cumulative 10-year median earnings for University of Richmond.
Top Programs by Completions
Largest 10 programs by IPEDS completions (55 reported codes; aggregate/unknown CIP buckets excluded).
IPEDS award counts for the largest programs at University of Richmond.
Employment Outcomes
Median earnings 6, 8, and 10 years after entry for University of Richmond graduates.
How financially powerful is this institution?
Finding: federal finance and Scorecard instructional fields for University of Richmond—endowment assets (fiscal year 2023), instructional staffing and expenditure. Compared with state, regional, and U.S. medians from EDsmart Data institutional financials.
Institutional endowment
$3.15B
End-of-year assets · Fiscal year 2023
- Virginia median 102× the median ($30.9M)
- Southeast median 162× the median ($19.4M)
- U.S. median 119× the median ($26.4M)
- Virginia median 59× the median ($13,171)
- Southeast median 83× the median ($9,308)
- U.S. median 64× the median ($12,100)
Instructional Resources
- Full-time faculty share: 73.6%
- Virginia median 12.6 pp above median (61.0%)
- Southeast median 14.2 pp above median (59.4%)
- U.S. median 15.6 pp above median (58.0%)
- Average faculty salary (monthly): $14,442
- Virginia median 1.8× the median ($8,196)
- Southeast median 2.1× the median ($6,825)
- U.S. median 1.9× the median ($7,615)
- Instructional expenditure per FTE: $27,137
- Virginia median 3.7× the median ($7,382)
- Southeast median 4.1× the median ($6,602)
- U.S. median 3.7× the median ($7,288)
Instructional metrics from College Scorecard. Peer medians are campus-level; see the institutional financials deep dive. Detailed non-instructional staff counts are not included here.
University of Richmond at a glance
University of Richmond
University of Richmond is a private non-profit institution in University of Richmond, VA, classified as Baccalaureate Colleges: Diverse Fields.
- Largest programs (IPEDS awards)
- Business Administration and Management, GeneralLawEconometrics and Quantitative Economics
- Largest enrollment groups
- White or Caucasian61.9%Non-Resident Alien10.7%Hispanic or Latino9.2%
Schools near University of Richmond
Other campuses in University of Richmond, VA when available, plus nearby institutions in Virginia.
Similar schools
Peers matched by the same EDsmart outcomes grade (Grade B) within Virginia, then by similar ownership and admissions.
Frequently Asked Questions
Where is University of Richmond located?
University of Richmond is located in University of Richmond, VA.
What is University of Richmond's acceptance rate?
The acceptance rate at University of Richmond is 22.2% among first-time degree-seeking students reporting admissions data. IPEDS reports 15,121 applicants and 3,525 admits in the latest admissions cycle in our extract.
What is University of Richmond's tuition?
University of Richmond tuition (published undergraduate sticker price) is $65,230 in the latest College Scorecard data. Average net price after grant aid is $31,309 for undergraduates receiving Title IV aid.
How much does University of Richmond cost?
Reported tuition is $65,230 and average net price is $31,309 in the latest College Scorecard data. On-campus room and board is estimated at $17,140 annually.
Why is University of Richmond's net price so much lower than tuition?
At University of Richmond, published tuition is $65,230 while average net price is $31,309—about 52% lower. Average net price subtracts grant and scholarship aid from cost of attendance for undergraduates receiving Title IV aid (College Scorecard). Institutional aid therefore compresses sticker price into a lower typical undergraduate cost signal. The campus average still masks large differences by household income; income-band net prices can diverge sharply from the overall average. EDsmart Data treats the sticker–net gap as an analytical finding, not advice about individual aid offers.
What explains University of Richmond's return on investment in EDsmart Data?
EDsmart Data models ROI using campus average net price ($31,309), completion (85.2% within 150% of normal time where reported), and median earnings ten years after entry ($76,178). High completion and strong mid-career earnings relative to net cost raise modeled ROI; the estimate is institution-wide and not program-specific. Debt-to-earnings ratios, when available, further contextualize borrowing pressure. Limitations include suppressed fields, program mix, and labor-market variation over time.
What is the student body demographics at University of Richmond?
University of Richmond reports undergraduate enrollment of about 3,618 students, White (61.9%), Non-Resident Alien (10.7%) in federal College Scorecard data.
How many first-generation students attend University of Richmond?
About 12.3% of students at University of Richmond are first-generation college students.
What test scores do students need for University of Richmond?
Among enrolled students who submitted scores, University of Richmond reports midpoint SAT about 1497.
What do graduates of University of Richmond earn?
Median earnings are $67,927 six years after entry and $76,178 ten years after entry.
What is the graduation rate at University of Richmond?
The 150%-time completion rate is 85.2% for the cohort reported to the College Scorecard.
How much debt do University of Richmond students have?
Median federal loan debt among completers is $21,000.
Data Sources
This page uses data from the following sources:
- College Scorecard - U.S. Department of Education
- Institutional characteristics, costs, completion rates, and earnings data
- Data years: 2015-2024
- Source: collegescorecard.ed.gov
- Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS)
- Employment and wage data by occupation
- Latest data: May 2024
- Source: bls.gov/oes
- O*NET Online - U.S. Department of Labor
- Occupational skills, knowledge, abilities, and work activities
- Database version: 28.0 (August 2023)
- Source: onetcenter.org
- IPEDS (Integrated Postsecondary Education Data System) - National Center for Education Statistics
- Institutional data, completions, enrollment, and financial aid
- Data years: 2015-2024
- Source: nces.ed.gov/ipeds
- Census Bureau American Community Survey (ACS)
- Demographic and workforce data
- Latest data: 2023 ACS 5-Year Estimates
- Source: census.gov/acs
- Related geography & profiles
Data Processing: All data has been processed, cleaned, and aggregated for presentation. Where specific data points are unavailable, estimates are based on available data and clearly marked.
Last Updated: Data reflects the most recent available information as of January 2025.
Methodology & Data Scope
This profile uses institution-level fields from the U.S. Department of Education College Scorecard, merged with IPEDS directory attributes where needed for locale, ownership, and program completions.
Benchmark rows compare this campus to NCES locale-type medians (for example Suburban) from our processed location extract. Implied U.S. medians are derived from locale-vs-national percentage fields in that extract—not a separate national Scorecard table.