University of Richmond

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2017 Undergraduate Tuition

$50,910

3.01% growth from 2016

2017 Average Net Price

$24,575

After Financial Aid

2016 Student Loan

2.16%

Default Rate

2017 Acceptance Rate

33%

10,013 Applicants

2017 Enrolled Students

4,023

86.5% Full-Time

2017 Graduation Rate

88.2%

688 Graduates

About

University of Richmond is a higher education institution located in Richmond city, VA. In 2016, the most popular Bachelor's Degree concentrations at University of Richmond were General Business Administration & Management (250 degrees awarded), Organizational Behavior Studies (77 degrees), and Other Multidisciplinary Studies (73 degrees).

In 2017, 1,362 degrees were awarded across all undergraduate and graduate programs at University of Richmond. 54.7% of these degrees were awarded to women, and 45.3% awarded men. The majority of degree recipients were white (837 degrees), 7.22 times more than then the next closest race/ethnicity group, unknown (116 degrees).

The median undergraduate tuition at University of Richmond is $50,910, which is $25,716 more than the national average for Baccalaureate Colleges ($25,194).

Costs

The median undergraduate tuition at University of Richmond is $50,910, which is $25,716 more than the national average for Baccalaureate Colleges ($25,194).

After taking grants and loans into account, the average net price for students is $24,575.

In 2017, 63% of undergraduate students received federal grants, while 36% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$50,910

2017 Undergraduate Tuition

In 2017, the cost of tuition at University of Richmond was $50,910. The cost of tuition at University of Richmond is $25,716 more than than the overall (public and private) national average for Baccalaureate Colleges ($25,194).

This chart compares the tuition costs of University of Richmond (in red) with those of other similar universities.

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Average Net Price

$24,575

2017 Value

9.71%

1 Year Growth

In 2017 University of Richmond had an average net price — the price paid after factoring in grants and loans — of $24,575. Between 2016 and 2017, the average net price of University of Richmond grew by 9.71%.

This chart compares the average net price of University of Richmond (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$11,460

Room and Board

$1,100

Books and Supplies

The average yearly cost of room and board at University of Richmond was of $11,460 in 2017. During the same period, the average yearly cost of books and supplies was $1,100. The cost of room and board increased by 3.06% between 2016 and 2017. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at University of Richmond (in red) with that of similar universities.

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Financial Aid

Financial Aid by Income Level

63%

Of Undergraduates Receive Grants

36%

Of Undergraduates Receive Federal Loans

63% of undergraduate students at University of Richmond received grants or loans in 2017. This represents a decline of 11.3% with respect to 2016, when 71% of undergraduate students received financial aid.

This chart compares the average award discount at University of Richmond (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2.16%

2016 Default Rate

15

Number of Defaults

In 2016 the default rate for borrower's at University of Richmond was 2.16%, which represents 15 out of the 695 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Admissions

University of Richmond received 10,013 undergraduate applications in 2017, which represents a 3.92% annual decline. Out of those 10,013 applicants, 3,301 students were accepted for enrollment, representing a 33% acceptance rate.

There were 4,023 students enrolled at University of Richmond in 2017, and 41% of first-time enrollees submitted SAT scores with their applications.

University of Richmond has an overall enrollment yield of 24.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

33%

Acceptance Rate in 2017

3,301

Accepted Out of 10,013

In 2017, the undergraduate acceptance rate of University of Richmond was 33% (3,301 admissions from 10,013 applications). This is higher than the acceptance rate of 2016, which was 32.5%. Between 2016 and 2017, the number of applicants declined by -3.92%, while admissions declined by -2.48%.

This chart compares the acceptance rate of University of Richmond (in red) with that of other similar universities.

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SAT Scores

41%

Submission Percentage

332

Scores Submitted

41% of enrolled first-time students at University of Richmond in 2017 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

University of Richmond has a total enrollment of 4,023 students. The full-time enrollment at University of Richmond is 3,478 students and the part-time enrollment is 545. This means that 86.5% of students enrolled at University of Richmond are enrolled full-time.

The enrolled student population at University of Richmond, both undergraduate and graduate, is 59.3% White, 8.15% Black or African American, 7.38% Hispanic or Latino, 7.13% Asian, 3.7% Two or More Races, 0.149% American Indian or Alaska Native, and 0.0249% Native Hawaiian or Other Pacific Islanders.

Students enrolled at University of Richmond in full-time Undergraduate programs are majority White Male (28.4%), followed by White Female (27.4%) and Hispanic or Latino Female (5.63%). Students enrolled in full-time Graduate programs are majority White Female (37.2%), followed by White Male (34.1%) and Black or African American Female (3.84%).

Full-Time vs Part-Time Enrollment

86.5%

Full-Time Enrollment

The total enrollment at University of Richmond, both undergraduate and graduate, is 4,023 students. The full-time enrollment at University of Richmond is 3,478 and the part-time enrollment is 545. This means that 86.5% of students enrolled at University of Richmond are enrolled full-time compared with 80.6% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at University of Richmond (in red) compares to similar universities.

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Retention Rate over Time

93%

2017 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at University of Richmond was 93%. Compared with the full-time retention rate at similar Baccalaureate Colleges (73%), University of Richmond had a retention rate higher than its peers.

This chart shows the retention rate over time at University of Richmond (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. White

    2,386

  2. Black or African American

    328

  3. Hispanic or Latino

    297

The enrolled student population at University of Richmond is 59.3% White, 8.15% Black or African American, 7.38% Hispanic or Latino, 7.13% Asian, 3.7% Two or More Races, 0.149% American Indian or Alaska Native, and 0.0249% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 54.9% White, 14% Black or African American, and 12.6% Hispanic or Latino.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 183 students (4.55%) did not report their race.

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Graduates

In 2017, 128 more women than men received degrees from University of Richmond. The majority of degree recipients at University of Richmond are white (837 degrees awarded). There were 7.22 times more white graduates than the next closest race/ethnicity group, unknown (116 degrees).

The most common Bachelor's Degree concentration at University of Richmond is General Business Administration & Management (250 degrees awarded), followed by Organizational Behavior Studies (77 degrees) and Other Multidisciplinary Studies (73 degrees).

The most specialized majors across all degree types at University of Richmond, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Legal (171 degrees awarded), Cultural & Gender Studies (33 degrees), and Interdisciplinary Studies (79 degrees).

Workforce

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at University of Richmond are Elementary & middle school teachers (163,499 people), Lawyers, & judges, magistrates, & other judicial workers (135,209 people), Other managers (93,491 people), Postsecondary teachers (74,027 people), and Secondary school teachers (55,821 people).

The most specialized majors at University of Richmond are Legal (171 degrees awarded), Cultural & Gender Studies (33 degrees), Interdisciplinary Studies (79 degrees), Language & Linguistics (27 degrees), and History (21 degrees).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at University of Richmond are Surgeons, Sales managers, Dentists, Securities, commodities, & financial services sales agents, and Physicians

The most specialized majors at University of Richmond are Legal (171 degrees awarded), Cultural & Gender Studies (33 degrees), Interdisciplinary Studies (79 degrees), Language & Linguistics (27 degrees), and History (21 degrees).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at University of Richmond are Elementary & secondary schools (304,421 people), Colleges, universities & professional schools, including junior colleges (166,393 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (122,375 people), Legal services (114,373 people), and Computer Systems Design (69,787 people).

The most specialized majors at University of Richmond are Legal (171 degrees awarded), Cultural & Gender Studies (33 degrees), Interdisciplinary Studies (79 degrees), Language & Linguistics (27 degrees), and History (21 degrees).

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Degrees

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by University of Richmond.

In 2017, the most common bachelors degree concentration at University of Richmond was General Business Administration & Management with 250 degrees awarded.

This visualization illustrates the percentage of degree recipients from bachelors degree programs at University of Richmond according to their major.

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 617

  2. 745

In 2017, 617 degrees were awarded to men at University of Richmond, which is 0.828 times less than the number of degrees awarded to females (745).

This chart displays the gender disparity between the top 5 majors at University of Richmond by degrees awarded.

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Most Common Male Majors

In 2017, 176 degrees were awarded to men at University of Richmond in General Business Administration & Management, which is 1.57 times more than the 112 female recipients with that same degree.

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Most Common Female Majors

In 2017, 112 degrees were awarded to women at University of Richmond in General Business Administration & Management, which is 0.636 times less than the 176 male recipients with that same degree.

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Time to Complete

83%

100% Completion Time

88%

150% Completion Time

In 2017, 83% of students graduating from University of Richmond completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 88% completed their degrees within 150% of the normal time, and 88% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at University of Richmond is Female and American Indian or Alaska Native (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (68.1%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 9.59% of graduates (66 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    837 degrees awarded

  2. Unknown

    116 degrees awarded

  3. Black or African American

    94 degrees awarded

The most common race/ethnicity at University of Richmond is white (837 degrees awarded). There were 7.22 times more white recipients than the next closest race/ethnicity group, unknown (116 degrees).

8.52% of degree recipients (116 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    441 degrees awarded

  2. White Male

    396 degrees awarded

  3. Black or African American Female

    56 degrees awarded

The most common race/ethnicity and gender grouping at University of Richmond is white female (441 degrees awarded). There were 1.11 times more white female recipients than the next closest race/ethnicity group, white male (396 degrees).

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Operations

University of Richmond has an endowment valued at nearly $2.37B, as of the end of the 2017 fiscal year. The return on its endowment was of $530M (22.3%), compared to the 7.76% average return ($2.88M on $37.1M) across all Baccalaureate Colleges.

In 2017, University of Richmond had a total salary expenditure of $300M. University of Richmond employs 134 Associate professors, 121 Professors, and 85 Assistant professors. Most academics at University of Richmond are Male Professors (79), Male Associate professors(70), and Female Associate professors (64).

The most common positions for non-instructional staff at University of Richmond are: Service, with 304 employees, Office and Administrative Support, with 196 employees, and Management with 163 employees.

Finances

Endowment

$2.37B

2017 Endowment

8.4%

growth from 2016

University of Richmond has an endowment valued at about $2.37B, as of the end of the 2017 fiscal year. The endowment of University of Richmond grew 8.4% from the previous year. The value of their endowment was $2.34B higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at University of Richmond (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Arts & Sciences Focus Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts

  1. $3M - Federal

  2. $0 - State

  3. $0 - Local

As of 2017, University of Richmond received $3M in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$129M

2017 Salaries

2.92%

growth from 2016

In 2017, University of Richmond paid a median of $129M in salaries, which represents 42.9% of their overall expenditure ($300M) and a 2.92% growth from the previous year. This is compared to a 2.71% growth from 2015 and a 12.7% growth from 2014.

The median for similar Baccalaureate Colleges is 14.2M (38.9% of overall expenditures).

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Instructional Salaries

$47M

Instructional Salaries

409

Number of Employees

In 2017, University of Richmond paid a total of $47M to 409 employees working as instructors, which represents 36.5% of all salaries paid.

This is compared to a median of $8.01M (34.6%) for similar Baccalaureate Colleges: Arts & Sciences Focus.

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Faculty and Staff

Occupations by Share

Associate professor

Most Common Instructor

134 Employees

Service

Most Common Non-Instructional Employee

304 Employees

In 2017, the most common positions for instructional staff at University of Richmond were Associate professor with 134 employees; Professor with 121 employees; and Professor with 85 employees.

In 2017, the most common positions for non-instructional staff at University of Richmond were Service with 304 employees; Office and Administrative Support with 196 employees; and Management with 163 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Professor

  2. Male Associate professor

  3. Female Associate professor

In 2017, the most common demographic for instructional staff at University of Richmond was Male Professor with 79 employees, Male Associate professor with 70 employees, and Female Associate professor with 64 employees.

This chart shows the gender split between each academic rank present at University of Richmond.

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