University of Richmond

University of Richmond, VA 23173 — Private Nonprofit

Value Score: 85/100 | ROI Score: -71 | Affordability Score: 35/100

Tuition (In-State): $65,230 | Out-of-State: $65,230

Acceptance Rate: 22.2% | Graduation Rate: 86.5% | Retention Rate: 90.8%

Median Earnings (10yr): $76,178 | Median Debt: $21,000

SAT Average: 1497

Student Body Size: 2,980 (medium)

Pell Grant Recipients: 17.2% | Federal Loan Rate: 31.7%

Average Faculty Salary: $14,442/month

Tuition & Affordability Analysis

In-state tuition at University of Richmond is $65,230 per year, which is 66% above the national average for private institutions.

Out-of-state students pay $65,230/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.

Estimated four-year tuition cost: $260,920 (tuition only, not including room, board, and fees).

What You Actually Pay: Net Price by Family Income

The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at University of Richmond:

Families earning $0–$30,000: $12,808/year
Families earning $30,001–$48,000: $6,507/year
Families earning $48,001–$75,000: $15,553/year
Families earning $75,001–$110,000: $22,021/year
Families earning $110,000+: $49,892/year

Low-income families receive an average discount of $52,422/year, paying just 20% of the sticker price.

Admissions Snapshot

University of Richmond has an acceptance rate of 22.2%, placing it in the Very Selective (20–35%) category. This means roughly 3,356 students apply each year.

The average SAT score of admitted students is 1497, 41% above the national average. This places University of Richmond among the top-tier institutions for academic preparedness.

Graduate Outcomes & Return on Investment

86.5% of students at University of Richmond complete their degree, 40% above the national average. This is an excellent graduation rate, indicating strong student support and engagement.

First-year retention rate: 90.8% (12% above the national average). A retention rate above 90% signals high student satisfaction and strong first-year experience programs.

Graduates of University of Richmond earn a median salary of $76,178 ten years after enrollment, 86% above the national average. This represents a $41,178/year earnings premium over the average high school diploma holder, or $1,235,340 in additional lifetime earnings over a 30-year career.

The median student debt at graduation is $21,000, near the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $228/month, with a total repayment of $27,360 (including $6,360 in interest).

Debt-to-Earnings Ratio: 0.28x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.

Breakeven Point: Based on the earnings premium over high school graduates, a degree from University of Richmond pays for itself in approximately 7 years. This is a reasonable investment timeline.

Financial Aid Profile

17.2% of students at University of Richmond receive Pell Grants (federal need-based aid for families earning under ~$60,000), 48% below the national average. A lower Pell rate suggests the student body skews toward higher-income families. Merit aid may be more prevalent than need-based aid.

31.7% of students take federal loans, 33% below the national average. A low loan rate suggests strong institutional aid or a wealthier student body that doesn't need to borrow.

Average faculty salary: $14,442/month, 66% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.

Student Body & Campus Diversity

University of Richmond enrolls 2,980 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.

Diversity Index: 60/100 (higher = more diverse). The campus has moderate diversity.

Student body composition: White 62%, Hispanic 9%, Black 6%, Asian 6%.

University of Richmond: Medium-sized private university with strong academic and career outcomes.

University of Richmond: High Price Tag, High Potential for Elite Careers
Beyond the Diploma: Unpacking the Career Trajectory of University of Richmond Grads
The Richmond Advantage: Balancing Rigorous Academics with Real-World Opportunities

Report Card: Overall Grade C

University of Richmond receives an overall grade of C based on six dimensions:

Academics: A-
Value: F
Outcomes: B+
Affordability: D

College Analysis

University of Richmond is a Private Nonprofit institution in University of Richmond, VA with approximately 2,980 students. Academics: Strong with a low admission rate and high graduation rate. Value: High tuition with moderate affordability score, but low median debt. Outcomes: Excellent 10-year median earnings and high ROI despite negative score.

The Verdict: Is University of Richmond Worth It?

The University of Richmond presents a complex value proposition. With an out-of-state tuition of $65,230 and median 10-year earnings of $76,178, the initial financial picture appears challenging. The median debt of $21,000 is relatively low, which is a positive. However, the ROI score of -71 suggests that, on average, graduates are not recouping their investment quickly based on median earnings alone. The earnings are only about $10,948 above the cost of tuition annually, meaning it would take roughly 1.9 years of post-graduation earnings just to cover the tuition cost, not including living expenses or interest on debt. While the median earnings are respectable, they don't immediately justify the high sticker price. The value is significantly enhanced by the strong alumni network, career services, and the potential for higher earnings in specific fields like finance and consulting, which are not fully captured by the median. For students who leverage these resources effectively and secure high-paying roles, the University of Richmond can be a worthwhile investment. However, for those not entering lucrative fields or who don't fully utilize the school's career support, it may be overpriced. Recommendation: A potentially good investment for students targeting high-earning industries, but requires strategic career planning to offset the high tuition.

Return on Investment

Despite the high cost, the strong academic programs and high earnings potential make the degree worth the investment for many students.

Debt Reality Check

Median student debt at University of Richmond: $21,000. Monthly payment on a standard 10-year plan: $238/month. Total repaid: $28,560 ($7,560 in interest).

Breakeven vs high school diploma: 0.5 years. Debt burden: Low. Salary needed for comfortable repayment: $28,560.

Strengths

Strong academic programs and high graduation rate.
Excellent career outcomes with high median earnings.

Weaknesses

High tuition cost, though median debt is relatively low.
Negative ROI score despite strong outcomes.

Academic Profile

SAT Average: 1497. Retention Rate: 90.8%.

The University of Richmond is renowned for its rigorous liberal arts curriculum, with particular strengths in its School of Arts and Sciences, E. Claiborne Robins School of Business, and the Jepson School of Leadership Studies. The Robins School of Business is highly selective and boasts strong connections to the financial industry, offering excellent internship and career placement opportunities. The Jepson School is unique, focusing on developing ethical leadership skills through interdisciplinary study and practical application. Across all disciplines, faculty quality is exceptionally high, with a student-faculty ratio of 10:1, ensuring personalized attention and mentorship. While faculty salaries aren't publicly detailed, the selectivity of UR and its commitment to faculty development suggest a competitive environment. Undergraduate research is a significant component of the academic experience, with numerous opportunities for students to work alongside faculty on cutting-edge projects, often culminating in presentations or publications. The Honors Program offers a challenging academic path for high-achieving students, with smaller seminar-style classes and dedicated advising. Study abroad is strongly encouraged, with a wide array of programs available globally, often integrated into students' major coursework. Academic support is robust, including the Center for Teaching, Learning, and Research, which offers tutoring, writing support, and academic skills workshops.

Financial Aid Guide for University of Richmond

Pell Grant recipients: 17.2%. Students taking federal loans: 31.7%.

The University of Richmond is committed to making its education accessible through a combination of merit-based and need-based financial aid. For the 2023-2024 academic year, the total cost of attendance (tuition, fees, room, and board) was approximately $85,000. Richmond is known for meeting a significant portion of demonstrated need for its students. Approximately 55% of students receive some form of financial aid. Merit scholarships are competitive and awarded based on academic achievement, with specific scholarship amounts varying widely. Need-based grants are determined by the FAFSA and CSS Profile, and for students with family incomes below $60,000, Richmond aims to meet 100% of demonstrated need without requiring loans. Work-study opportunities are available, offering students the chance to earn money through on-campus employment. Typical financial aid packages for middle-income families might include a mix of grants, scholarships, and potentially some federal loans. While Richmond does not offer specific dollar figures for all scholarship tiers publicly, prospective students are encouraged to explore departmental scholarships and external scholarship opportunities. Negotiating financial aid at Richmond is possible, particularly if you have a competing offer from a similarly ranked institution, but it's important to present a well-documented case for increased need or merit.

Hidden Costs at University of Richmond

Student activity fees, which cover a wide range of campus organizations and events, can add approximately $200-$400 per semester.
Textbooks and course materials can easily cost $1,000-$1,500 per academic year.
Personal expenses, including toiletries, laundry, entertainment, and snacks, can range from $1,500-$2,500 annually.
Transportation costs for trips home or exploring the city of Richmond can add $500-$1,000 per year, depending on travel habits.
Optional health insurance for students not covered by a parent's plan is approximately $3,000-$4,000 annually.
Parking permits for students who bring cars to campus can cost around $200-$400 per year.

Alumni Outcomes & Career Paths

Graduates from the University of Richmond enter a diverse job market, with many finding opportunities in finance, consulting, and technology. Major employers actively recruiting on campus include Deloitte, EY, PwC, Capital One, and Bank of America, particularly for roles in financial analysis, accounting, and business development. The Richmond area itself offers a strong presence in the financial services sector, with companies like Truist Financial and Dominion Energy being significant employers of UR alumni. Beyond finance, graduates also pursue careers in marketing, healthcare administration, and non-profit management. The university boasts strong graduate school placement rates, with alumni attending top-tier institutions for law, medicine, and business. Notable alumni include former Virginia Governor L. Douglas Wilder and former NFL player and coach, Joe Gibbs. The Career Services office at the University of Richmond is highly regarded, offering robust internship pipelines through dedicated programs and strong employer relationships. These pipelines are crucial for students seeking hands-on experience, often leading to full-time offers. Geographic hiring patterns show a strong concentration of alumni in the Mid-Atlantic region, particularly in Virginia, Washington D.C., and New York City, reflecting the school's recruitment efforts and alumni network strength. Industries where alumni cluster include financial services, consulting, education, and government.

Campus Life & Culture at University of Richmond

The University of Richmond attracts a driven and engaged student body, with a significant portion coming from the Mid-Atlantic region, though a growing number hail from across the U.S. and internationally. Students who thrive here are intellectually curious, community-oriented, and seek a challenging yet supportive liberal arts environment with strong career preparation.

The University of Richmond offers a quintessential liberal arts college experience, characterized by a close-knit community and a vibrant, albeit not overwhelming, social scene. Nestled on a beautiful, self-contained campus often described as arboreal, students find themselves immersed in a setting that encourages both academic focus and social engagement. The 'vibe' is one of intellectual curiosity coupled with a strong sense of camaraderie. Residential life is a cornerstone, with most students living on campus throughout their four years. The traditional residence halls in the historic core of campus, like Jepson Hall, offer a classic college feel, while newer suite-style options provide more modern amenities. The Spider Card is your key to everything, from your dorm room to the dining halls. Speaking of dining, UR offers several options, including the main Heilman Dining Center, which provides a variety of stations, and smaller cafes like the one in the Tyler Haynes Commons. While not a party school, social life is active. Many students engage in activities through the 200+ student organizations, ranging from academic clubs and cultural groups to the popular outdoor adventure club. Greek life plays a significant role, with several fraternities and sororities contributing to the social fabric, though it's not the sole focus for most students. Athletics are a point of pride, with the UR Spiders competing in the NCAA Division I, particularly strong in basketball and football, drawing good crowds to Robins Stadium and the Robins Center. Weekends often involve campus events, exploring Richmond's vibrant city life, or simply relaxing with friends in common spaces like the Robins Campus Center.

Campus Highlights

The stunningly beautiful, self-contained campus, often referred to as the 'most beautiful campus in America,' with its Gothic architecture and lush landscaping.
The Robins Center, a state-of-the-art arena that hosts major athletic events and concerts.
The Modlin Center for the Arts, a premier venue for performing arts, attracting world-class artists.
The integrated curriculum across the Schools of Arts & Sciences, Business, and Leadership Studies, fostering interdisciplinary learning.
The strong emphasis on undergraduate research, providing students with hands-on experience and faculty mentorship.
The historic Jepson Hall, home to the Jepson School of Leadership Studies, a distinctive program focused on ethical leadership.
The Spider mascot and the passionate alumni network, known for its strong loyalty and support.

Location & Regional Advantages

The University of Richmond's location in Richmond, Virginia, offers a unique blend of advantages for its students. The city itself is a growing hub for business, particularly in the financial services sector, with major corporations like Truist Financial and Dominion Energy headquartered there. This proximity provides students with accessible internship and job opportunities without needing to relocate immediately after graduation. The cost of living in Richmond is generally more affordable than in major East Coast metropolitan areas like New York or Boston, making it easier for recent graduates to manage their finances and potentially pay down student debt faster. While Richmond may not be a direct neighbor to the largest industry hubs, its position in Virginia allows for relatively easy access to the Washington D.C. metropolitan area, a significant center for government, non-profits, and consulting firms. The quality of life in Richmond is often cited as a positive, with a vibrant arts scene, historical significance, and access to outdoor recreation along the James River. The weather is temperate, experiencing four distinct seasons without the extreme cold of the north or the intense heat of the deep south. Safety is generally good within the university's immediate vicinity and the broader Richmond area, though like any urban environment, awareness is necessary. This strategic location provides a solid foundation for career opportunities, particularly in the Mid-Atlantic, while offering a more manageable cost of living.

How to Get Into University of Richmond

Gaining admission to the University of Richmond, with its 22.2% acceptance rate, requires a strong academic profile and a clear demonstration of fit. Richmond offers Early Decision (ED) and Early Action (EA) options. ED is binding and can provide a slight admissions advantage, signaling strong commitment. EA is non-binding and allows you to receive an early decision without commitment. The admissions committee looks for students who are not only academically capable but also intellectually curious and engaged in their communities. While SAT/ACT scores are not currently required for admission, strong GPAs and rigorous coursework (AP, IB, honors classes) are paramount. Essays are crucial for showcasing your personality, values, and why Richmond is the right place for you. Focus on essays that highlight your intellectual vitality, leadership potential, and how you'll contribute to the UR community. Demonstrated interest is considered, so attending virtual or in-person information sessions, engaging with admissions counselors, and visiting campus (if possible) can be beneficial. The application deadline for Early Action/Decision is typically November 1st, and Regular Decision is around January 15th. Focus on presenting a cohesive narrative that aligns with Richmond's liberal arts mission and its emphasis on ethical leadership and community.

How University of Richmond Compares to Similar Schools

Similar schools: College of William & Mary, Wake Forest University, Elon University, George Washington University

Advantages

Stronger emphasis on liberal arts and undergraduate research opportunities.
More intimate class sizes and a more personalized learning environment.
A highly engaged and supportive alumni network, particularly strong in the Mid-Atlantic.
Location in Richmond offers a unique blend of a mid-sized city with a growing business sector.

Disadvantages

Higher sticker price compared to some public peers like William & Mary.
Smaller overall student body and potentially fewer major-specific resources than larger universities.
Less national brand recognition compared to some more established private institutions.

Best For

Prospective students interested in a highly selective, private university with strong academic and career outcomes.
Students seeking a high-quality education with a focus on career readiness.

Avoid If

Students looking for a less selective institution may find better value elsewhere.
Students with limited financial resources may struggle with the high tuition.

Frequently Asked Questions about University of Richmond

How much does it cost to attend University of Richmond?

In-state tuition at University of Richmond is $65,230 per year, and out-of-state tuition is $65,230 per year. The median student debt at graduation is $21,000.

What is the acceptance rate at University of Richmond?

University of Richmond has an acceptance rate of 22.2%.

What is the graduation rate at University of Richmond?

University of Richmond has a graduation rate of 86.5%.

How much do University of Richmond graduates earn?

The median earnings for University of Richmond graduates 10 years after enrollment is $76,178. With median debt of $21,000, graduates earn roughly 3.6x their debt level annually.

How big is University of Richmond?

University of Richmond has approximately 2,980 students and is classified as a medium institution. It is located in University of Richmond, VA and is a Private Nonprofit institution.

Is University of Richmond worth the cost?

University of Richmond has an ROI score of -71 out of 100. With in-state tuition of $65,230 per year and median post-graduation earnings of $76,178, the data suggests the return on investment may be below average.

Where is University of Richmond located?

University of Richmond is located in University of Richmond, VA. It is a Private Nonprofit institution with approximately 2,980 students.

How much student debt do University of Richmond graduates have?

The median student debt for University of Richmond graduates is $21,000. With median earnings of $76,178 ten years after enrollment, graduates can expect a debt-to-income ratio of 28%.

Is University of Richmond a good college?

University of Richmond has a graduation rate of 86.5% and median post-graduation earnings of $76,178. Highly selective with a 22% admission rate.

How does University of Richmond compare to similar colleges?

Graduation rate of 86.49%. Compared to peer institutions, University of Richmond offers strong academic and career outcomes but at a higher cost.

What career prospects do University of Richmond graduates have?

Graduates are well-positioned for high-paying careers, making this a good choice for those prioritizing earnings potential.

What should prospective students know about University of Richmond?

University of Richmond is well-regarded in the market for its academic rigor and career readiness, but the high tuition may be a barrier for some students.

What makes University of Richmond stand out?

Median earnings 10 years post-graduation are $76,178.

What are the pros and cons of attending University of Richmond?

Tuition is high but median student debt is relatively low at $21,000.

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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.