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Access & Affordability

When evaluating talented students for admission to Richmond, we consider their academic achievements, their involvement in their community, their creativity, and their drive — but never their financial background. And, once an undergraduate student is admitted, we guarantee to meet 100% of their family’s demonstrated need.

This commitment to being “need blind” in admissions and meeting demonstrated need is a signature promise that sets Richmond apart. As we fulfill that promise, we also recognize that cost is a significant factor when students and their families are choosing their college or university home. We must ensure our Spiders have the peace of mind that they can afford a UR education regardless of their financial standing.

Endowed Scholarships

This generous financial aid is supported by endowed scholarships created by alumni, families, and friends to ensure Richmond is accessible to deserving students from all socio-economic levels. Opportunities for named, endowed scholarships begin at $50,000 and provide tuition support in perpetuity. However, student need is greater than the income produced from these endowments and fluctuates annually based on economic factors and the composition of each class. Funds that can be used immediately are critical to meeting this need.

Immediate Use Funds

Named Annual Scholarships: Donors may create a named annual scholarship with a commitment of $5,000 or more given annually for five (5) years (a $25,000 minimum gift). Each year the gift is received, it will be awarded to a student, in its entirety, during the next financial aid award cycle.

Undergraduate Financial Aid: Gifts to the Undergraduate Financial Aid are immediately available to help students with financial aid. There is no minimum gift or long-term commitment required.

Law Dean’s Opportunity Scholarships: Law School Dean Wendy Perdue and her husband, David, established this program in 2019 to support Law School students with high financial need and high future potential to help reduce the tremendous unmet need that law students have for financial aid.

Maintaining our Commitment

100%

need-blind in admissions

100%

of demonstrated need met for every undergraduate

$21M

in donor-funded scholarships awarded annually

You Can Create Opportunity

Philanthropy makes it possible for us to maintain and expand our commitment to a generous scholarship program. Scholarship aid alleviates the financial burden on our students, allowing them the freedom and time to immerse themselves in their studies, engage with the community, and build stronger relationships with their professors and peers. With your partnership, we can ensure that the best and brightest students are able to not only afford attendance at Richmond, but also to reach their full potential during their time here.

What can I fund?	How much do I need to give?	How much will be awarded each year?
Named Endowed Scholarship	$50,000 or more (unrestricted) $100,000 or more (one preference)	Approximately 4.5% of the endowed fund's total value
Named Annual Scholarship	$5,000 or more for 5 consecutive years ($25,000 minimum commitment)	Full amount of annual gift

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