University of Richmond

2010-2011 University of Richmond Undergraduate Catalog

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Financial Affairs

Fees: 2010-11 Schedule

Semester

Year

General Fee
for all students$20,805$41,610
over 6 units or fewer than 3.5 units: .per unit rate$7,280-
Housing (per student)
Single (add $100 per semester for private bath)$2,255$4,510
Double (add $50 per semester for private path)1,9853,970
Triple, Quad (add $50 per semester for private bath)1,9753,950
Lakeview and Freeman Hall (single)2,3554,710
Lakeview and Freeman Hall (double)2,2554,510
University Forest Apartments2,2954,590

Local telephone service, basic cable television provided in all residential housing (including 100mb wired connections for each bed and wireless available throughout campus), along with unlimited use of residential laundry machines.

Meal Plans
Spider 17 (17 meal exchanges/wk with 650 dining dollars per semester)$2,420$4,840
Spider Unlimited (unlimited meal exchanges with 825 dining dollars per semester)2,7705,540
Spider 50 (50 block meals with 835 dining dollars per semester)1,3752,750
Spider Blue - 675 dining dollars per semester (undergraduate A&S commuter students only)6751,350
Spider Red - 350 dining dollars per semester (Law, MBA and SCS commuter students only)350700
Special Fees
Applied Music - per course, nonmajors only, individual instruction$450
ID card replacement: each occurrence20
Graduation fee40
Campus vehicle permit (spring semester only: $52.50)$105
Registration, change (add/drop): per transaction10
Late payment fees will be assessed up to:70
Non-UR Study Abroad Fee1,500

(Semester fees are based on a single-semester contract; year fees are based on a full-year contract.)

  • Textbooks cost approximately $500 per semester; supplies, transportation, and sundries are extra costs.
  • Meal plan selection automatically rolls from the previous semester unless the student initiates a change by the given due dates. Late change fee will apply. Please contact One-Card Services at (804) 289-8476 or view their Web site for details on meal plans and policy at oncampus.richmond.edu/student/life/one-card. Meals and dining dollars expire each semester and are non-refundable.
  • Please consult Parking Services, Residence Life, Food, and Auxiliary Services for further information.
  • Regardless of the academic school in which a course is taken, the student pays the tuition and fees of the school to which he or she has been admitted and which is considered the school of record. Any special fee associated with a particular course, such as a laboratory fee, is charged based on registration in the course.
  • The University reserves the right to increase the fees listed herein and the charges for room and board if conditions should make such changes necessary or advisable. The changes will be announced as far in advance as feasible.
  • The University is not liable for students' personal property. Students or parents should verify that their homeowner's insurance will cover their personal property on campus.
  • Fees and charges will increase for the 2011-2012 school year and will be announced as soon as possible.

Payments

Inquiries concerning payments should be directed to the Office of the Bursar, phone (804) 289-8147 or toll-free (866) 241-8893, or e-mail bursar@richmond.edu.

Fees are electronically invoiced and are to be paid in advance, by the semester. The fall semester payment is due by the first Monday in August, and the spring semester payment is due by the first Monday in December. To avoid incurring a late payment fee and delays in housing, registration, and other areas, individuals are urged to pay fees when due.

Students will receive a monthly e-mail notification to their University e-mail address with the subject line "University of Richmond Electronic Invoice/Statement" with a link to QuikPAY. The student's University ID number is used for authentication. Students can also access their account through BannerWeb. Upon login, students can view their invoice, set up and store bank account or credit card information, set up authorized payers, pay the invoice electronically, and print paper copies.

People other than the student may have the ability to view the invoice as an authorized payer. Each invoice cycle, both the student and the authorized payers will receive an e-mail notifying them that the electronic invoice has been sent. Students and authorized payers receive a link in the e-mail that takes them directly to the QuikPAY login page.

e-Payment is an optional feature. Checking and savings account information from a bank within the United States can be entered at the QuikPAY Web site, and payments will be transferred electronically to the University of Richmond. You will have the option to have the site retain your bank account information, or you may enter it each time you make an e-Payment.

Authorized payers will only be able to view their own payment and bank information. Each authorized payer is assigned a separate PIN for added security and privacy.

Paying electronically is the preferred invoice payment method, but it is optional. You may send a payment by mail or in person at the Cashier's Office in Sarah Brunet Hall. To send a check or money order through the mail to the University, please print a copy of the PDF invoice, detach the bottom portion of the statement and mail with the payment (payable to the University of Richmond with your University ID number printed clearly on the check) to:

University of Richmond
Box R
University of Richmond, VA 23173

Satisfactory financial arrangements for room and board must be made before occupancy.

No credit is given for a term's work or for a degree conferred until all charges have been satisfactorily settled. Failure to make satisfactory financial arrangements can result in delay of graduation, denial of registration privileges, removal from classes, and/or the withholding of transcripts.

If the University deems it necessary to engage the services of a collection agency or attorney to collect or to settle any dispute in connection with an unpaid balance on a student account, the student will be liable for all collection agency and/or attorney's fees, reasonable expenses, and costs incurred. Accounts referred to a collection agency are reported to a credit bureau.

Please mail all correspondence regarding your student account to:

Bursar's Office
Box R
University of Richmond, Virginia 23173

The University of Richmond accepts MasterCard, Discover and American Express via QuikPAY. Visa is not currently accepted. A vendor fee of 2.75% (of the amount charged) will be charged to your account for this service. Electronic checks also are accepted at this site.

Deposits

Upon acceptance for admission at the University of Richmond, a $300 general fee deposit is required, and a $300 housing deposit is required if on-campus housing is requested.

Students planning to continue in the upcoming school year are notified around January 15 to remit the appropriate deposits: a general fee deposit of $100, and if on-campus housing is requested, a housing deposit of $500. These deposits are payable by the mid-February date specified in the notice.

Deposits are treated as advance payments and are nonrefundable. While a single remittance may cover both amounts, the distinction between the two deposits remains quite clear. The general fee deposit signifies an intention to attend or to continue to attend the University. The housing deposit signifies an earnest request for on-campus housing. If there is a past due balance on your student account any deposits you make for a future term may be transferred to your student account to cover the outstanding balance.

The University always credits the general fee deposit first. If only a single deposit amount is received by the stated deadline, regardless of any accompanying instructions, the deposit will be placed in the general fee category and the presumption made that no housing is requested.

Deferred Payments

In recognition of the substantial interest in deferred payments, the University offers a 10-month deferred payment plan through TuitionPay by Sallie Mae. This firm represents one of several sound alternatives for financing a student's education. Information is mailed to students in April.

Many parents and students may prefer to arrange financing through their local banks or other sources, but if there is interest in this plan, further information is available at (877)279-6092, by e-mail at info@tuitionpay.com, or by visiting tuitionpay.salliemae.com/urich.

Students are urged to complete whatever arrangements they choose early, so that their accounts with the University may be settled in a timely manner.

Late Payment Fee

A late payment fee will be assessed on any unpaid balance. Students who fail to make satisfactory arrangements for their semester fees by the close of the business on the first day of the term will be charged a late payment fee of up to $70.

Tuition Refund Plan

A medical withdrawal insurance plan is available through A.W.G. Dewar Inc. Information is available at (617) 774-1555 or visit tuitionrefundplan.com.

Refunds

Inquiries concerning credit balances on student's accounts should be directed to the Office of Student Accounts, (804) 289-8147 or toll free (866) 241-8893.

University of Richmond Refund Policy

Advance Deposits - Returning and Readmitted Students
General Fee Deposit - Nonrefundable.
Housing Deposit - Nonrefundable once a room has been selected or assigned.
If there is a past due balance on your student account any deposits you make for a future term may be transferred to your student account to cover the outstanding balance.
Advance Deposits - First-Time Students
If the accepted applicant fails to matriculate, no refund of advance deposits.
If the accepted applicant matriculates and therefore becomes a student: general fee deposit and housing deposits are refundable in accordance with the University Refund Policy.
General Fee, Room and Board Refund
Inquiries concerning refunds should be directed to the Office of Student Accounts, (804) 289-8147 or toll free (866) 241-8893.

Students are matriculated by semester. If a student withdraws from classes or is dropped from the University for whatever cause, a refund of fees for a fall or spring semester shall be made in accordance with the University's Refund Policy, based on the schedule below. This schedule is adapted for summer terms.

Students who withdraw from the University and who are receiving any financial assistance may be required to return such assistance per Public Law 668.22 and institutional policy. The University of Richmond complies with all federal regulations governing recipients of federal Title IV funds. Information regarding financial aid refund policies is available in the Office of Financial Aid.

Any special fee associated with a particular course is nonrefundable after the first day of class.

Tuition, fees and room refundBoard refund
Withdrawal on or before the first day of class100% less depositsProrated on a daily basis through the sixth week of classes
Withdrawal during the first week of classes85%
Withdrawal during the second week of classes70%
Withdrawal during the third week of classes50%
Withdrawal during the fourth week of classes25%
Withdrawal during the fifth week of classes25%
Withdrawal during the sixth week of classes25%
Withdrawal after the sixth week of classesNone

Appeals Process

The University of Richmond has an appeals process for students and parents who believe individual circumstances warrant exceptions from published policy. All appeals must be in writing and directed to Annemarie Weitzel, Bursar, Box R, University of Richmond, VA 23173 or bursar@richmond.edu

Financial Aid

The financial aid program at the University of Richmond provides need-based grants, loans and service and work opportunities, and it also awards merit scholarships. Applicants for financial aid must be enrolled or accepted for enrollment in a degree program at the University and, for most types of aid, must be working toward their first bachelor's or master's degree. The need-based aid programs are designed for those families who are unable to pay the full cost of a college education. For domestic undergraduate students who apply and qualify for need-based aid, we will provide a financial aid package that meets 100 percent of a student's demonstrated eligibility for need-based aid. The merit-based scholarships are provided in recognition and support of noteworthy academic achievement. These merit-based scholarships are generally awarded independently of any assessment of need, although it is possible to qualify for a combination of need- and merit-based aid.

Applicants for need-based financial aid must complete both the Free Application for Federal Student Aid (FAFSA) and the University of Richmond's Financial Aid Supplemental Application. Prospective first year students should submit the completed FAFSA by the deadline date of February 15. The deadline for transfer student financial aid applications is the same date as the admission application deadline. Generally, to be considered for need-based aid, an applicant must be a U.S. citizen or permanent resident, must be enrolled or accepted for enrollment on at least a half-time basis in a degree or certificate program, and must demonstrate financial need. Once aid is offered it is generally renewed in subsequent years if the family's financial situation stays the same. A new financial aid application must be filed each year, and the student must meet certain standards of satisfactory academic progress as outlined below.

The deadline for financial aid applications for returning students is May 15.

Students who are eligible for need-based aid, who are enrolled full time, and who meet the application deadline are offered a financial aid package that fully meets their demonstrated need. Part-time students may be considered for loans and the Federal Pell Grant.

There are a number of merit-based scholarship programs, some of which have value up to full tuition plus room and board. In most cases, students are selected from the pool of applicants for admission. However, some programs have separate applications or unique deadlines. Call the Office of Admission at (800) 700-1662 or (804) 289-8640, or e-mail scholarsoffice@richmond.edu with questions.

The Virginia Tuition Assistance Grant is for full-time students who are residents of Virginia. In 2007-08 grants were awarded in the amount of $3,200. Applications are sent from the Office of Admission to students who are accepted to the University. The deadline is July 31.

Financial aid awards made for an academic year may be used for study abroad if the student enrolls at one of the universities with which the University of Richmond has a direct exchange agreement. Financial aid for enrollment in approved non-Richmond programs is limited to loans and federal grants.

Satisfactory Academic Progress Policy

To receive assistance from any of the need-based financial aid programs at the University of Richmond, from federal loan programs, or from most private loan programs, students must maintain Satisfactory Academic Progress (SAP) toward the completion of their degree or certificate requirements. An evaluation of progress is made at the end of each academic year, including an analysis of earned credits and grade point average. All periods of attendance will be included in the evaluation regardless of whether the student received financial aid and including enrollment at schools other than the University of Richmond. Students not making satisfactory academic progress will be ineligible for further financial assistance until the deficit is made up. Waivers of these requirements may be granted for special circumstances upon appeal to the Director of Financial Aid.

The standards of academic progress outlined here are solely for the purpose of evaluating eligibility to continue receiving financial aid as defined above. They do not replace or modify academic standards required for continued enrollment at the University of Richmond. The effect of incomplete coursework, withdrawals, and course repetitions impact SAP in the following ways:

  • Incomplete coursework is not included in GPA or in number of credits earned but is counted as attempted credit.
  • Courses from which a student withdraws are not included in GPA or in number of credits earned but are counted as attempted credit.
  • Repeated courses are counted only one time as earned credits. However, credits for each course taken, including all repeated courses, are counted as attempted credit. Both grades will be calculated in the cumulative grade point average.

Undergraduate arts and sciences, business, and leadership studies students must meet the following minimum standards:

At the End of the SemesterCredits EarnedGrade Point Average
26.861.50
413.711.70
620.571.85
827.432.00
1035.00*2.00

Undergraduate students are not eligible for financial aid after ten semesters, including enrollment at schools other than the University of Richmond.

*34.29 units for students who entered Richmond prior to Fall 2008.

Return of Financial Aid When A Student Withdraws

A student who withdraws during a semester may be entitled to a refund of certain charges as outlined in the Refund Policy (see Financial Affairs section). Withdrawal also may affect a student's financial aid eligibility for the semester as outlined in the Federal Return of Title IV Program Funds Policy and the Return of Non-Title IV Program Funds Policy.

Return of Title IV Program Funds Policy

The 1998 amendments to the Higher Education Act (HEA) of 1965 and subsequent regulations issued by the Department of Education (43 CFR 668.22) establish a policy for the return of Title IV grant and loan funds for a student who withdraws. Title IV grant and loan funds include the following programs: Federal Direct Loans, Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Academic Competitiveness Grant, National SMART Grant, LEAP funds, Federal Perkins Loan, Federal Work-Study, Federal Stafford Loans and Federal PLUS Loans.

The amount of Title IV funds the student earns up to the withdrawal date is based on a daily proration determined by dividing the total number of calendar days completed by the total number of calendar days in the semester (excluding breaks of five or more consecutive days). Adjustments must only be made up to and including the 60 percent point in time for the semester. After the 60 percent point in time, the student is considered to have earned all of the Title IV funds awarded for that semester.

Unearned Title IV funds must be returned to the Title IV programs. If the amount earned is greater than the amount that has been disbursed, the difference is treated as a late disbursement to the student. Unearned funds up to the amount of total institutional charges (tuition plus room and board) multiplied by the unearned percentage of funds are returned to the Title IV programs by the University of Richmond. The student must return any portion of unearned funds not returned by the school. For grants, regulations limit the amount a student must repay to the amount by which the original overpayment amount exceeds 50 percent of the total grant funds received by the student. Title IV loan funds that must be returned by the student are repaid per the loan terms. Unearned Title IV funds are returned to the Title IV programs in the following order: Unsubsidized Federal Stafford Loans, Subsidized Federal Stafford Loans, Unsubsidized Direct Stafford Loans, Subsidized Direct Stafford Loans, Perkins Loans, Federal PLUS Loans, Direct PLUS Loans, Federal Pell Grants for which a return of funds is required, Academic Competitiveness Grants for which a return of funds is required, National SMART Grant for which a return of funds is required, and Federal Supplemental Educational Opportunity Grants for which a return of funds is required.

Return of Non-Title IV Program Funds Policy

Non-Title IV financial aid will be adjusted for a withdrawing student based upon the University's Refund Policy. Adjustments will be made through the sixth week of classes. The amount to be returned to the non-Title IV financial aid program is the same percentage that will be refunded to the student for tuition and room charges. After the sixth week, the student is considered to have earned all of the non-Title IV aid. Non-Title IV financial aid funds are returned in the following order: institutional grants/ scholarships, nonfederal loans, agency scholarships.

Students who are receiving financial aid and who are planning to withdraw from the University during a semester are strongly encouraged to meet with a financial aid advisor to review the impact that their withdrawal will have on their institutional charges and on their financial aid for the semester.

For further information about the various financial aid programs, contact the Office of Financial Aid at (804) 289-8438 or e-mail finaid@richmond.edu with questions about need-based aid, or check our Web site at financialaid.richmond.edu.

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