Financial Affairs

Tuition, Room and Board

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  • Fee Schedule

    Tuition, Room and Board

    Fees: 2021-22

    Semester

    Year

    General Fee

    Full-time students

    $29,285

    $58,570

    Over 6 units or fewer than 3.5 units: per unit rate

    $8,370

    -

    Housing (per student)

    First-Year rate in any type room (Typically with Hall Bath). Dennis, Lora Robins, Marsh, Moore, Wood, & 3rd Floor Robins.

    $3,275

    $6,550

    Residence Halls

    Upper class Rates

    Single with Hall Bath- Atlantic, Pacific, & Robins 1st and 2nd Floors

    $3,425

    $6,850

    Double & Triple with Hall Bath- Atlantic, Pacific, & Robins 1st and 2nd Floors

    $3,275

    $6,550

    Upper Level Halls Private or Semi Private Baths

    Singles- Freeman, Gray Ct., Jeter, Keller, Lakeview, North Ct., South Ct., Thomas, Westhampton, and University Forest Apartment Single (1 bed only).

    $3,750

    $7,500

    Doubles and Triples - Freeman, Gray Ct., Jeter, Keller, Lakeview, North Ct., South Ct., Thomas, and Westhampton.

    $3,425

    $6,850

    Apartments

    University Forest Apartments (double)

    $3,750

    $7,500

    Gateway Village Apartments (single)

    $4,075

    $8,150

    *

    Note: All student housing includes no-fee laundry facilities. Private or semi-private bath access is one or two rooms with a shared bath or a limited number of rooms with access to a locked hall bath.

    Meal Plans

    Spider Plus Unlimited (unlimited meals at HDC with 1,225 dining dollars per semester)

    $4,025

    $8,050

    Spider Unlimited (unlimited meals at HDC with 875 dining dollars per semester)

    $3,700

    $7,400

    Spider 40 (40 block meals with 1,110 dining dollars per semester)

    $1,600

    $3,200

    Spider Blue – 1,025 dining dollars per semester (undergraduate A&S commuter students only)

    $1,025

    2,050

    Spider Red - 525 dining dollars per semester (Law, MBA, and SPCS commuter students only)

    $525

    $1,050

    Other Fees

    ID card replacement: each occurrence

    $25

    Graduation fee

    $50

    Campus vehicle permit (spring semester only: $75)

    $150

    Late payment fees will be assessed up to:

    $70

    Non-UR Study Abroad Fee

    $1,500


    • Regardless of the University 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.
    • Textbooks cost approximately $550 per semester; supplies, transportation, and sundries are extra costs.
    • 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.
    • 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 regarding their respective charges.
    • Fees and charges will increase for the 2022-23 school year and will be announced as soon as possible.
  • Deposits

    Upon acceptance for admission at the University of Richmond, a $300 general fee deposit is required. An additional $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 housing deposit if on-campus housing is requested. This deposit of $300 is payable as specified on the Student Housing website.

    The housing deposit is nonrefundable if student participates in the housing selection. If there is a past due balance on your student account any deposit you make for a future term may be transferred to your student account to cover the outstanding balance.

  • Invoices

    Inquiries concerning invoices and payments should be directed to the Office of the Bursar, phone (804) 289-8147 or toll-free (866) 241-8893, email bursar@richmond.edu or mailed to Office of the Bursar, Box R, 142 UR Drive, Richmond, VA 23173.

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

    Students receive a monthly email notification to their University of Richmond e-mail address with the subject line "University of Richmond Electronic Invoice/Statement" with a link to QuikPAY, our financial portal. Students access their account in QuikPAY through BannerWeb/Student Services/Pay Tuition & Fees/View & Pay Accounts. The student’s University ID number is used for authentication. 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 email notification that the electronic invoice has been sent with a link that takes them directly to the QuikPAY login page.
    Each authorized payer is assigned a PIN for added security and privacy. Only authorized payers will be able to view their personal payment history and bank information.

    Inquiries concerning invoices and payments should be directed to the Office of the Bursar, phone (804) 289-8147 or toll-free (866) 241-8893, email bursar@richmond.edu or mailed to Office of the Bursar, Box R, 142 UR Drive, Richmond, VA 23173.

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

    Students receive a monthly email notification to their University of Richmond e-mail address with the subject line "University of Richmond Electronic Invoice/Statement" with a link to QuikPAY, our financial portal. Students access their account in QuikPAY through BannerWeb/Student Services/Pay Tuition & Fees/View & Pay Accounts. The student’s University ID number is used for authentication. 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.

  • Payments

    Electronic check (eCheck) is the preferred payment method, is convenient, and generates no additional fee. Checking and savings account information from a bank within the United States is entered through the QuikPAY website, and payments will be transferred electronically to the University of Richmond. The site can retain your bank account information for future convenience, by building a profile, or you may enter it each time you make an eCheck payment.

    Payment by traditional check 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.

    Office of Student Accounts
    Box R
    142 UR Drive
    Richmond, VA 23173

    Cash and check payments are accepted in the Student Accounts office in Queally Center.

    The University of Richmond also accepts MasterCard, Visa, Discover and American Express via QuikPAY. This service will generate a vendor fee of 2.75% of the amount charged. This will appear as an additional fee on your credit card statement.

    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 maximum of 33.3% of the debt. Accounts referred to a collection agency are reported to a credit bureau. By registering for class you are acknowledging receipt of this information and your acceptance of the associated responsibilities.

    No credit is given for a term’s work nor 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.

  • Installment Payment Plan

    The University offers 3,4 or 5 month installment plans for fall and spring terms. Tuition installment plans provide students with a low-cost option for budgeting tuition. Installment plans are NOT loan programs. There is no interest or finance charge assessed on the unpaid balance due to the university. There is a $50.00 nonrefundable enrollment fee per semester. Installment plans are not available for courses offered during the summer terms.

    Sign up for a payment plan in QuikPAY, the University of Richmond payment portal. Students access QuikPAY through BannerWeb/Student Services/Pay Tuition & Fees/Payment Plan. Students can establish Authorized Payers within QuikPAY by clicking Authorize Payer and entering their parent or guardian’s email. Authorized Payers access QuikPAY through the Authorized Payer portal.

    For questions about the program, please call QuikPAY at 1 (888) 470-6014 or contact Student Accounts at (804) 289-8147 or Bursar@richmond.edu.

  • 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.

    A veteran or eligible person who is entitled to use Post 9/11 GI Bill (Chapter 33) or Vocational Rehabilitation and Employment Services (Chapter 31) benefits will not be subject to any penalty, assessment of late fees, denial of access to classes, libraries, or other institutional facilities, nor will they be required to borrow additional funds to satisfy their financial obligations in the event of a delayed payment from the Veteran’s Administration.

  • 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.

    Refunds can be issued by check or direct deposit. With a check refund, it is the student’s responsibility to ensure the address on record is correct. With direct deposit, your refund will be automatically deposited to the bank account you specify, eliminating trips to the bank and the risk of your check being lost or stolen. It may take up to two business days for a direct deposit to post to your bank account. To participate, log onto BannerWeb and click on Manage/Sign Up for Direct Deposit. When you are finished click submit and your direct deposit form will be sent automatically to Accounts Payable. If you have any questions please call Accounts Payable at (804) 289-8179.

  • Tuition Insurance Plan

    Tuition withdrawal insurance plans are available through GradGuard. Information is available at GradGuard.com/tuition/richmond or by calling 1 (866) 724-4384.

  • Withdrawal Refund Policy

    Inquiries concerning refunds after withdrawal from University of Richmond 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 student would then be responsible for any unpaid balance.

    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.

    Fall & Spring Term Withdrawal Refund Schedule

    General Fee & Housing Refund Rate

    Meals 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

    None

  • Appeals Process

    The University of Richmond has an appeal 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 the follow address.

    Annemarie Weitzel, Bursar
    Box R
    142 UR Drive
    University of Richmond, VA 23173
    or bursar@richmond.edu.

Financial Aid

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  • 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 Office of Financial Aid 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 ParentProfile. Prospective first year students should submit the FAFSA, CSS Profile, and student and parent tax returns to IDOC by the University of Richmond’s deadline date of February 1st. 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 15th.

    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 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 10% reduction in need-based grant/scholarship aid for applications received 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 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. 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 1st. The Richmond Scholars award is equivalent to tuition, 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 2020-21, grants were awarded in the amount of $3,750. Applications are available on the University of Richmond website at https://financialaid.richmond.edu/types-of-aid/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. Once the VA application process is complete with the VA, the following paperwork will need to be submitted to the University of Richmond’s VA Certifying Official via mail, fax, email attachment, or in person:

    Certificate of Eligibility - After you have applied for and been approved for benefits, you will be issued a Certificate of Eligibility from the VA.

    Veterans Educational Benefit Agreement Form – Available online or in person at the Registrar’s Office.

    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 https://financialaid.richmond.edu/types-of-aid/other-sources/yellowribbon.html. For further information regarding VA Benefits at the University of Richmond, please visit https://registrar.richmond.edu/registration/programs/veterans/index.html.

    The Virginia State Approving Agency (SAA), is the approving authority of education and training programs for Virginia. The SAA investigates complaints of GI Bill beneficiaries. While most complaints should initially follow the school grievance policy, if the situation cannot be resolved at the school, the beneficiary should contact our office via email saa@dvs.virginia.gov.

  • 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 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).

    The standards of academic progress outlined here are for the purpose of evaluating eligibility to continue receiving financial aid. They do not replace or modify academic standards required for continued enrollment at the University of Richmond nor do they replace or modify NCAA standards for athletic scholarships.

    Institutional Financial Aid

    Institutional financial aid is available during the fall and spring terms; institutional aid is generally not awarded for summer term. Some institutional aid programs, such as merit and athletic scholarships, have different academic and/or other requirements than those listed below. Such requirements are conveyed to recipients when they are selected for such programs.

    Receipt of institutional financial aid requires all of the following:

    • full-time enrollment (3.5 units or more),
    • a minimum UR cumulative grade point average (GPA) based on term of enrollment (prorated for transfer students) as follows:
    At the end of term: Minimum GPA
    2 1.8
    4 1.9
    6 2.0
    8 2.0
    • meeting the SAP requirements for federal aid (see below), and
    • appropriate progress toward completion of degree requirements by the end of the eighth term of enrollment (prorated for transfer students).
    Students may be considered for institutional financial aid through their eighth term of enrollment (prorated for transfer students). Only fall and spring terms are counted toward the eight term limit (prorated for transfer students); summer term is not counted.

    The following chart provides suggested benchmarks for the minimum number of units that should be 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). Only fall and spring terms are counted. Units earned at UR as well as transfer work accepted toward UR degree requirements are counted. Students should work closely with their advisor to ensure that they are on track for graduation within eight terms (prorated for transfer students):

    At the end of term: Minimum GPA
    2 1.8
    4 1.9
    6 2.0
    8 2.0

    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. Denial 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 appeal must include at a minimum the following information: why the student is not meeting the SAP requirements for institutional aid, what factors have changed that will allow the student’s academic progress to improve by the next evaluation, what is the student’s plan to complete degree requirements, and any supporting documentation. 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.

    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 for federal financial aid, the University will review all terms of enrollment at UR as well as transfer work accepted toward UR degree requirements, regardless of whether or not the student received financial aid during those terms.

    SAP is checked annually at the end of the spring term. Students must meet both of the following requirements to meet the SAP requirements for federal financial aid:

    • have completed 67% of all attempted coursework, (including transfer work and pass/fail courses), and
    • have achieved a cumulative grade point average based on units earned as follows:
    Units Earned UR Grade Point Average
    .25 to 6.86 1.80
    6.87 to 14.00 1.90
    14.01 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, D, or P.Incomplete coursework, withdrawals, and course repetitions impact SAP in the following ways.

    • Incomplete coursework (grade =Y) is not included in the GPA or in the number of units earned but is counted as attempted units.
    • Temporarily incomplete coursework (grade = I) is included in the GPA and in both earned and attempted units.
    • Courses from which a student withdraws are not included in the GPA or in the number of units earned but are counted as attempted units.
    • Repeated courses are counted only one time as earned units. However, units for each course taken, including all repeated courses, are counted as attempted units. All grades earned in repeated courses will be calculated in the cumulative GPA.

    Students not meeting the SAP requirements for federal financial aid at the end of the spring term will not be eligible for any additional financial aid in subsequent terms of enrollment until the standards are met. Denial 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 appeal must include at a minimum the following information: why the student is not meeting the SAP requirements for federal aid, what factors have changed that will allow the student’s academic progress to improve by the next evaluation, student’s plan to complete degree requirements, and any supporting documentation.

    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 enrolled 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, Federal TEACH Grant, 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). This calculation must only be done up to the 60% 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, 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. Only 50% of unearned grants funds must be returned. 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, TEACH Grant 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 email finaid@richmond.edu with questions about need-based aid, or check our website at financialaid.richmond.edu.