Financial Affairs

Tuition, Room and Board

Fee Schedule

Fees: 2016-17

Semester

Year

General Fee
for all students $24,710 $49,420
over 6 units or fewer than 3.5 units: .per unit rate $8,650 -
Housing (per student)
Single (add $100 per semester for private bath) $2,980 $5,960
Double (add $100 per semester for semi- private bath) 2,630 5,260
Triple, Quad (add $100 per semester for semi-private bath) 2,530 5,060
Lakeview, Freeman, Thomas, Jeter, and North Halls (single) 3,280 6,560

Lakeview, Freeman, Thomas, Jeter, and North Halls(double)
See other housing rates on the bursar website

2,920

5,840

University Forest Apartments (remodeled add $200 per semester) 3,000 6,000

Westhampton Hall Single

Westhampton Hall Double

Gateway Village Apartments

3,330

2,980

3,500

6,660

5,960

7,000

Basic cable television provided in all residential housing and wireless available throughout campus, along with unlimited use of residential laundry machines.
Meal Plans
Spider Unlimited (unlimited meal exchanges/wk with 760 dining dollars per semester) 3,100 6,200
Spider Plus Unlimited (unlimited meal exchanges with 1060 dining dollars per semester) 3,405 6,810
Spider 40 (40 block meals with 950 dining dollars per semester) 1,330 2,660
Spider Blue - 875 dining dollars per semester (undergraduate A&S commuter students only) 875 1,750
Spider Red - 440 dining dollars per semester (Law, MBA, and SPCS commuter students only) 440 880
Special Fees
Applied Music - per course, nonmajors only, individual instruction $650
ID card replacement: each occurrence 25
Graduation fee 50
Campus vehicle permit (spring semester only: $60) $130
Late payment fees will be assessed up to: 70
Non-UR Study Abroad Fee 1,500
  • Textbooks cost approximately $550 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 website for details on meal plans and policy at onecard.richmond.edu/spidercard. Meal balances expire each semester and are non-refundable. Dining dollar balances roll from fall to spring, only if a meal plan is purchased.
  • Please consult Parking Services, Residence Life, and One Card 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 2017-18 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 email bursar@richmond.edu.

Fees are invoiced electronically 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, please pay by due date.

Students receive a monthly email 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.

The student may authorize others to view the invoice as an authorized payer. Each invoice cycle, the student and the authorized payer(s) will receive an e-mail notification that the electronic invoice has been sent with a link that takes them directly to the QuikPAY login page.

e-Check payment is an optional feature. Checking and savings account information from a bank within the United States can be entered at the QuikPAY website, and payments will be transferred electronically to the University of Richmond. You 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.

The University of Richmond accepts MasterCard, Visa,  Discover and American Express via QuikPAY.  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 for no additional fee.

Electronic payment is the preferred payment method, but is optional. Payment may be mailed or made in person at the Cashier's Office in The Queally Center. To mail a check or money order 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 the Bursar's Office:

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 responsible for reimbursing the University of Richmond the fees of any collection agency, which may be based on a percentage at a miximum of 33.3% of the debt, and all costs and expenses including reasonable attorney's fees that are 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

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 as specified on the Student Housing website.

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.

Installment Payments

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

Further information is available at (877) 279-6092, by email at info@tuitionpay.com, or by visiting tuitionpaymentplan.com/richmond

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

Tuition refund plans are available through Allianz Global Assistance. Information is available at allianztuitioninsurance.com/ur or by calling (888) 427-5045.

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 or bursar@richmond.edu.

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 receive 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 from 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 refund Board refund
Withdrawal on or before the first day of class 100% less deposits Prorated on a daily basis through the sixth week of classes
Withdrawal during the first week of classes 85%
Withdrawal during the second week of classes 70%
Withdrawal during the third week of classes 50%
Withdrawal during the fourth week of classes 25%
Withdrawal during the fifth week of classes 25%
Withdrawal during the sixth week of classes 25%
Withdrawal after the sixth week of classes None
Appeals Process

The University of Richmond has an appeals process for students and parents who believe individual circumstances warrant exceptions from published policy. A student or parent has six weeks from the time of withdrawal to appeal the University's refund 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

Financial Aid

The University of Richmond recognizes that some students and their families are not able to meet the entire cost of their education. To assist them in the process, the Financial Aid Office administers institutional, federal, and state assistance in the form of grants, merit scholarships, loans, and student employment. 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 degree.

The Richmond in Reach program is the University of Richmond's need-based financial aid program. It is designed for those families who are unable to pay the full cost of a college education and is available to eligible, full-time undergraduate students who are U.S. citizens or permanent residents. Through this program, Richmond meets 100 percent of demonstrated eligibility for need-based aid for all undergraduate students. Applicants for need-based financial aid must complete the Free Application for Federal Student Aid (FAFSA), the CSS PROFILE and submit copies of student and parent federal tax returns to the College Board's IDOC service. Some aid applicants will also be required to submit the Noncustodial Parent PROFILE. Prospective first year students should submit the FAFSA and CSS PROFILE by the University of Richmond's deadline date of February 15 and copies of tax returns must be submitted to IDOC by March 1. The deadline for transfer student financial aid applications (FAFSA, PROFILE, and tax returns) is the same date as the admission application deadline. The deadline for financial aid applications (FAFSA, PROFILE, and tax returns) for returning students is May 15.

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. Full-time enrollment is required for institutional aid. Financial aid from the University of Richmond is available to students through their eighth semester of enrollment (prorated for transfer students) and students must meet certain standards of satisfactory academic progress as outlined below. A new financial aid application must be filed each year. If a family's financial situation remains about the same each year, then the financial aid eligibility will also remain about the same. However, as a family's financial situation changes, there may also be changes to eligibility for financial assistance.

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.The University of Richmond's policy is to fully meet the demonstrated need of its students who submit all three required financial aid forms by the stated deadline. Students who demonstrate need but fail to meet the deadline will lose a percentage of their need-based grant and need-based scholarship aid. Therefore, their need will not be fully met. We assess a 5% reduction in need-based grant/scholarship aid for each month that a student' application is late, up to two months after the deadline. Applications received more than two months late will receive consideration only for limited federal need-based grants and Direct Loans, but not for any other need-based aid.

Number of days application is late: Need-based grant eligibility reduced by:
Up to 30 days 5%
31 to 60 days 10%
61 or more days No longer eligible for Richmond need-based grant. Limited federal aid is available.

For complete information regarding need-based aid, visit financialaid.richmond.edu.

International students are eligible to apply for need-based financial aid. Richmond is need-aware when reviewing admission applications from non-U.S. citizens. However, we will meet 100% of the demonstrated need for international students who are admitted and this aid will be renewed through the student's eighth semester of enrollment. International students who do not receive financial aid when they are admitted may apply for a limited amount of need-based aid in subsequent years. These students' need will not be fully met.

The University of Richmond has a robust merit-based aid program for prospective students. 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. All applicants for admission are considered for the Richmond Scholars Program provided they have submitted a completed admission application by December 1. These scholarships range from full tuition to full tuition plus room and board. Various other merit scholarships are available. Visit financialaid.richmond.edu/prospective/merit-based/index.html for more information and deadlines. Limited merit scholarships are available to currently enrolled students. Visit financialaid.richmond.edu/undergrad/scholarships.html for more information.

The Virginia Tuition Assistance Grant is for full-time undergraduate students who are residents of Virginia. In 2011-12, grants were awarded in the amount of $2,650. Applications are available on the University of Richmond website at financialaid.richmond.edu/prospective/virginians/grant.html. 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.

Veterans Benefits
Students eligible to receive tuition benefits administered by the U.S. Department of Veterans Affairs (VA) must apply for benefits through the VA. Students should forward Certificates of Eligibility to the Veterans Certifying Official, Registrar's Office, University of Richmond, VA 23173 to have enrollment certified. In addition to the tuition benefits offered under the Post 9/11 GI Bill program, the University participates in the Yellow Ribbon program. For details regarding eligibility for the Yellow Ribbon program at Richmond, go to financialaid.richmond.edu/yellowribbon.html.
Satisfactory Academic Progress Policy

According to federal regulations and University of Richmond (UR) policy, students must maintain Satisfactory Academic Progress (SAP) to receive federal financial aid and institutional need-based financial aid. Some private loan programs also require SAP. Evaluation of students' progress for financial aid purposes is made annually at the end of the spring term to determine financial aid eligibility for the following year (summer term, fall term, and spring term).

Institutional Financial Aid

Receipt of institutional financial aid requires full-time enrollment (3.5 units or more) during the fall and spring terms and a minimum UR cumulative grade point average (GPA) of 2.00 on units attempted. Students must also be meeting the SAP requirements for federal aid (see below). Institutional aid is generally not awarded for summer term. Institutional aid is available to students through their eighth term of enrollment (prorated for transfer students). Some institutional aid programs, such as merit scholarships, have higher academic and/or other requirements which are conveyed to recipients when they are selected for such programs.

The following chart provides suggested benchmarks for the minimum number of units earned at the end of the specified term in order to complete degree requirements by the end of the eighth term of enrollment (prorated for transfer students):

At the end of term: Minimum Units Earned
2 8
4 16
6 25
8 35

Students not meeting the SAP requirements for institutional financial aid at the end of the spring term will not be eligible for any additional institutional financial aid in subsequent terms of enrollment until the standards are met. Denials of aid under this policy may be appealed by the student, in writing, to the Director of Financial Aid within 30 days of notification that the student is no longer eligible for institutional aid. A student's request must include information regarding why the student is not meeting the SAP requirements for institutional aid and what factors have changed that will allow the student's academic progress to improve by the next evaluation.

Federal Financial Aid

The Higher Education Act requires that colleges and universities establish minimum standards of Satisfactory Academic Progress (SAP) for students receiving federal aid. When assessing SAP, the University will review all terms of enrollment at UR as well as transfer work accepted toward UR degree requirements, whether or not the student received financial aid during those terms.

The standards of academic progress outlined here are solely for the purpose of evaluating eligibility to continue receiving federal financial aid. 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 impacts 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.
SAP is checked annually at the end of the spring term. Students must meet both of the following requirements:
  • Have completed 67% of all attempted coursework, (including transfer work and pass/fail courses) AND
  • Have achieved a cumulative grade point average, depending on the number of units earned, as follows:
Units Earned UR Grade Point Average
.25 to 6.82 1.50
6.83 to 15.40 1.70
15.41 to 23.97 1.85
23.98 or more 2.00

In addition, students must complete the requirements for a bachelor's degree within the 150% maximum timeframe allowed. That is, as the undergraduate degree program requires 35 units to complete, the maximum number of units attempted to complete the program cannot exceed 52.50 units, including transfer work and pass/fail courses. Successful completion of a class means receiving one of the following grades for the class: A, B, C, or D.

Students not meeting the SAP requirements for federal financial aid at the end of the spring term will not be eligible for any additional federal financial aid in subsequent terms of enrollment until the standards are met. Denials of aid under this policy may be appealed by the student, in writing, to the Director of Financial Aid within 30 days of notification that the student is no longer eligible for federal aid. Appeals will be considered for the following circumstances: the death of a relative of the student; an injury or illness to the student; or other special circumstances. A student's request must include information regarding why the student is not meeting the SAP requirements for federal aid and what factors have changed that will allow the student's academic progress to improve by the next evaluation.

Successful appeals will lead to one of two SAP statuses: Financial Probation or Eligible for Financial Aid. A student may be placed on 'Financial Probation' for the subsequent term if it is determined that he/she can regain eligibility after one term. A student may be found 'Eligible for Financial Aid' based on an academic plan that outlines future academic progress for the student as established by the Director of Financial Aid. The student will be notified of their SAP status based on the merits of the appeal. If the appeal is not granted, the student will be notified of the decision and will be financially responsible for their educational expenses.

Return of Financial Aid When A Student Withdraws
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, Federal Perkins Loan, Federal Work-Study, and Federal Direct PLUS Loans, and the Iraq and Afghanistan Service Grant.
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, Federal Perkins Loan, Federal Work-Study, and Federal Direct PLUS Loans, and the Iraq and Afghanistan Service Grant.

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 Direct Stafford Loans, Subsidized Direct Stafford Loans, Perkins Loans, Direct PLUS Loans, Federal Pell Grants for which a return of funds is required, - Federal Supplemental Educational Opportunity Grants for which a return of funds is required, and Iraq and Afghanistan Service Grant 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 website at financialaid.richmond.edu.