University of Richmond

www.richmond.edu

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2021 Undergraduate Tuition

$58,570

3.01% growth from 2020

2021 Average Net Price

$28,881

After Financial Aid

2019 Student Loan

0.882%

Default Rate

2021 Acceptance Rate

28.8%

13,955 Applicants

2021 Enrolled Students

3,890

90.2% Full-Time

2021 Graduation Rate

89.2%

719 Graduates

About

University of Richmond is a higher education institution located in Richmond city, VA. In 2021, the most popular Bachelors Degree concentrations at University of Richmond were General Business Administration & Management (207 degrees awarded), Organizational Behavior Studies (80 degrees), and General Biological Sciences (66 degrees).

In 2021, 1,275 degrees were awarded across all undergraduate and graduate programs at University of Richmond. 56.6% of these degrees were awarded to women, and 43.4% awarded men. The most common race/ethnicity group of degree recipients was white (790 degrees), 8.06 times more than then the next closest race/ethnicity group, hispanic or latino (98 degrees).

The median undergraduate tuition at University of Richmond is $58,570, which is $30,065 more than the national average for Baccalaureate Colleges ($28,505).

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2021, the median undergraduate tuition at University of Richmond is $58,570, which is $30,065 more than the national average for Baccalaureate Colleges ($28,505).

After taking grants and loans into account, the average net price for students is $28,881.

In 2021, 63% of undergraduate students attending University of Richmond received financial aid through grants. Comparatively, 32% of undergraduate students received financial aid through loans.

Tuition Costs

$58,570

2021 Undergraduate Tuition

In 2021, the cost of tuition at University of Richmond was $58,570. The cost of tuition at University of Richmond is $30,065 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,505).

This chart compares the tuition costs of University of Richmond (in red) with those of other similar universities.

Average Net Price

$28,881

2021 Value

12.4%

1 Year Growth

In 2021 University of Richmond had an average net price — the price paid after factoring in grants and loans — of $28,881. Between 2020 and 2021, the average net price of University of Richmond grew by 12.4%.

This chart compares the average net price of University of Richmond (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$13,430

Room and Board

$1,100

Books and Supplies

The average yearly cost of room and board at University of Richmond was of $13,430 in 2021. The cost of room and board increased by 4.11% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,100. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at University of Richmond (in red) with that of similar universities.

Financial Aid by Income Level

63%

Undergraduates Receiving Financial Aid through Grants

32%

Undergraduates Receiving Financial Aid through Loans

63% of undergraduate students at University of Richmond received financial aid through grants or loans in 2021. This represents a decline of 12.5% with respect to 2020, when 72% of undergraduate students received financial aid.

This chart compares the average award discount at University of Richmond (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

0.882%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at University of Richmond was 0.882%, which represents 6 out of the 680 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

University of Richmond received 13,955 undergraduate applications in 2021, which represents a 15.7% annual growth. Out of those 13,955 applicants, 4,015 students were accepted for enrollment, representing a 28.8% acceptance rate.

There were 3,890 students enrolled at University of Richmond in 2021. 59% of first-time enrollees submitted SAT scores with their applications.

University of Richmond has an overall enrollment yield of 21.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

28.8%

Acceptance Rate in 2021

4,015

Accepted Out of 13,955

In 2021, the undergraduate acceptance rate of University of Richmond was 28.8% (4,015 admissions from 13,955 applications). This is lower than the acceptance rate of 2020, which was 30.9%. Between 2020 and 2021, the number of applicants grew by 15.7%, while admissions grew by 7.73%..

This chart compares the acceptance rate of University of Richmond (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

59%

Submission Percentage (2020)

482

Scores Submitted (2020)

59% of enrolled first-time students at University of Richmond in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

University of Richmond had a total enrollment of 3,890 students in 2021. The full-time enrollment at University of Richmond is 3,510 students and the part-time enrollment is 380. This means that 90.2% of students enrolled at University of Richmond are enrolled full-time.

The enrolled student population at University of Richmond, both undergraduate and graduate, is 59.9% White, 9.28% Hispanic or Latino, 7.71% Black or African American, 6.3% Asian, 4.09% Two or More Races, 0.18% American Indian or Alaska Native, and 0.0514% Native Hawaiian or Other Pacific Islanders.

Students enrolled at University of Richmond in full-time Undergraduate programs are most commonly White Female (29%), followed by White Male (28.8%) and Hispanic or Latino Female (6.24%). Students enrolled in full-time Graduate programs are most commonly White Female (40.6%), followed by White Male (28.3%) and Hispanic or Latino Female (4.79%).

Full-Time vs Part-Time Enrollment

90.2%

Full-Time Enrollment

The total enrollment at University of Richmond in 2021, both undergraduate and graduate, is 3,890 students. The full-time enrollment at University of Richmond is 3,510 and the part-time enrollment is 380. This means that 90.2% of students enrolled at University of Richmond are enrolled full-time compared with 79.9% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at University of Richmond (in red) compares to similar universities.

Retention Rate over Time

92%

2021 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. The retention rate for full-time undergraduates at University of Richmond was 92%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), University of Richmond had a retention rate higher than its peers.

This chart shows the retention rate over time at University of Richmond (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
2,331 enrolled students
Hispanic or Latino
361 enrolled students
Black or African American
300 enrolled students

The enrolled student population at University of Richmond is 59.9% White, 9.28% Hispanic or Latino, 7.71% Black or African American, 6.3% Asian, 4.09% Two or More Races, 0.18% American Indian or Alaska Native, and 0.0514% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 55% White, 13.5% Black or African American, and 13.4% Hispanic or Latino.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 116 students (2.98%) did not report their race.

Graduates

In 2021, 169 more women than men received degrees from University of Richmond. The most common race/ethnicity group of degree recipients at University of Richmond is white (790 degrees awarded). There were 8.06 times more white recipients than the next closest race/ethnicity group, hispanic or latino (98 degrees).

The most common Bachelor's Degree concentration at University of Richmond is General Business Administration & Management (207 degrees awarded), followed by Organizational Behavior Studies (80 degrees) and General Biological Sciences (66 degrees).

In 2021, the most specialized majors across all degree types at University of Richmond, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Legal (159 degrees awarded), Cultural & Gender Studies (24 degrees), and Interdisciplinary Studies (96 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at University of Richmond are Elementary & middle school teachers (178,481 people), Lawyers, & judges, magistrates, & other judicial workers (118,333 people), Postsecondary teachers (112,767 people), Other managers (110,842 people), and Secondary school teachers (95,786 people).

The most specialized majors at University of Richmond in 2021 are Legal (159 degrees awarded), Cultural & Gender Studies (24 degrees), Interdisciplinary Studies (96 degrees), English (40 degrees), and Language & Linguistics (18 degrees) (as of 2021).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at University of Richmond are Surgeons, Media and communication workers, all other, Securities, commodities, & financial services sales agents, Physicians, and Nurse anesthetists

The most specialized majors at University of Richmond are Legal (159 degrees awarded), Cultural & Gender Studies (24 degrees), Interdisciplinary Studies (96 degrees), English (40 degrees), and Language & Linguistics (18 degrees) (as of 2021).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at University of Richmond are Elementary & secondary schools (389,682 people), Colleges, universities & professional schools, including junior colleges (231,962 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (143,087 people), Legal services (113,874 people), and Computer Systems Design (99,978 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by University of Richmond.

Most Common (2021)

General Business Administration & Management
207 degree-majors awarded
Organizational Behavior Studies
80 degree-majors awarded
General Biological Sciences
66 degree-majors awarded

In 2021, the most common bachelors degree concentration at University of Richmond was General Business Administration & Management with 207 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at University of Richmond according to their major.

Sex Breakdown for Common Majors

553

Degrees Awarded to Men

in 2021

722

Degrees Awarded to Women

in 2021

In 2021, 553 degrees were awarded to men at University of Richmond, which is 0.766 times less than the number of degrees awarded to females (722).

This chart displays the sex disparity between the top 5 majors at University of Richmond by degrees awarded.

Most Common Male Majors

In 2021, 161 degrees were awarded to men at University of Richmond in General Business Administration & Management, which is 2.21 times more than the 73 female recipients with that same degree.

Most Common Female Majors

In 2021, 73 degrees were awarded to men at University of Richmond in General Business Administration & Management, which is 0.453 times less than the 161 male recipients with that same degree.

Time to Complete

84%

100% Completion Time

89%

150% Completion Time

In 2021, 84% of students graduating from University of Richmond completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 89% completed their degrees within 150% of the normal time, and 89% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

White Female

Highest Graduation Rate (93.7%)

The student demographic with the highest graduation rate in 2021 at University of Richmond is Female and White (93.7% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.9%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 5.01% of graduates (36 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
790 degrees awarded
Hispanic or Latino
98 degrees awarded
Asian
93 degrees awarded

The most common race/ethnicity at University of Richmond is white (790 degrees awarded). There were 8.06 times more white recipients than the next closest race/ethnicity group, hispanic or latino (98 degrees).

4% of degree recipients (51 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
424 degrees awarded
White Male
366 degrees awarded
Hispanic or Latino Female
68 degrees awarded

The most common race/ethnicity and sex grouping at University of Richmond is white female (424 degrees awarded). There were 1.16 times more white female recipients than the next closest race/ethnicity group, white male (366 degrees).

Operations

University of Richmond has an endowment valued at nearly $3.35B, as of the end of the 2021 fiscal year. The return on its endowment was of 1.06B (31.5%) compared to the 17.4% average return (9.13M on 52.4M) across all Baccalaureate Colleges.

In 2021, University of Richmond had a total salary expenditure of 300M. University of Richmond employs 137 Associate professors, 128 Professors and 88 No academic ranks. Most academics at University of Richmond are Male Professor (77), Male Associate professor (73), and Female Associate professor (64).

The most common positions for non-instructional staff at University of Richmond are: Service, with 281 employees, Office and Administrative Support, with 189 employees, and Management with 153 employees.

Endowment

$3.35B

2021 Endowment

39.3%

growth from 2020

University of Richmond has an endowment valued at about $3.35B, as of the end of the 2021 fiscal year. The endowment of University of Richmond grew 39.3% from the previous year. The value of their endowment was $3.3B higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at University of Richmond (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Arts & Sciences Focus Carnegie Classification grouping.

Salary Expenditure

$142M

2021 Salaries

1.4%

growth from 2020

In 2021, University of Richmond paid a median of $142M in salaries, which represents 47.1% of their overall expenditure ($300M) and a 1.4% growth from the previous year.

The median for similar Baccalaureate Colleges is 15.1M (38.9% of overall expenditures).

Instructional Salaries

$51.2M

Instructional Salaries

425

Number of Employees

In 2021, University of Richmond paid a total of $51.2M to 425 employees working as instructors, which represents 36.2% of all salaries paid.

This is compared to a median of $4.92M (32.5%) for similar Baccalaureate Colleges.

Occupations by Share

Associate professor

Most Common Instructor

137 Employees

Service

Most Common Non-Instructional Employee

281 Employees

In 2021, the most common positions for instructional staff at University of Richmond were Associate professor with 137 employees, Professor with 128 employees, and No academic rank with 88 employees.

In 2021, the most common positions for non-instructional staff at University of Richmond were Service with 281 employees, Office and Administrative Support with 189 employees, and Management with 153 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Professor
Male Associate professor
Female Associate professor

In 2021, the most common demographic for instructional staff at University of Richmond was Male Professor with 77 employees, Male Associate professor with 73 employees, and Female Associate professor with 64 employees.

This chart shows the sex split between each academic rank present at University of Richmond.