University of Richmond

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2019 Undergraduate Tuition
$54,690
3.95% growth from 2018
2019 Average Net Price
$25,282
After Financial Aid
2017 Student Loan
1.23%
Default Rate
2019 Acceptance Rate
28.3%
12,356 Applicants
2019 Enrolled Students
3,914
87.5% Full-Time
2018 Graduation Rate
87.1%
679 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 (225 degrees awarded), Organizational Behavior Studies (74 degrees), and Other Multidisciplinary Studies (57 degrees).

In 2019, 1,305 degrees were awarded across all undergraduate and graduate programs at University of Richmond. 57.3% of these degrees were awarded to women, and 42.7% awarded men. The most common race/ethnicity group of degree recipients was white (852 degrees), 8.69 times more than then the next closest race/ethnicity group, black or african american (98 degrees).

The median undergraduate tuition at University of Richmond is $54,690, which is $27,410 more than the national average for Baccalaureate Colleges ($27,280).

Costs

The median undergraduate tuition at University of Richmond is $54,690, which is $27,410 more than the national average for Baccalaureate Colleges ($27,280).

After taking grants and loans into account, the average net price for students is $25,282.

In 2019, 70% of undergraduate students received federal grants, while 36% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$54,690
2019 Undergraduate Tuition

In 2019, the cost of tuition at University of Richmond was $54,690. The cost of tuition at University of Richmond is $27,410 more than than the overall (public and private) national average for Baccalaureate Colleges ($27,280).

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

$25,282
2019 Value
2.63%
1 Year Growth

In 2019 University of Richmond had an average net price — the price paid after factoring in grants and loans — of $25,282. Between 2018 and 2019, the average net price of University of Richmond grew by 2.63%.

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

$12,250
Room and Board
$1,100
Books and Supplies

The average yearly cost of room and board at University of Richmond was of $12,250 in 2019. During the same period, the average yearly cost of books and supplies was $1,100. The cost of room and board increased by 3.64% between 2018 and 2019. 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

70%
Of Undergraduates Receive Grants
36%
Of Undergraduates Receive Federal Loans

70% of undergraduate students at University of Richmond received grants or loans in 2019. This represents a decline of 2.78% with respect to 2018, when 72% 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.
1.23%
2017 Default Rate
8
Number of Defaults

In 2017 the default rate for borrower's at University of Richmond was 1.23%, which represents 8 out of the 651 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 12,356 undergraduate applications in 2019, which represents a 3.99% annual growth. Out of those 12,356 applicants, 3,500 students were accepted for enrollment, representing a 28.3% acceptance rate.

There were 3,914 students enrolled at University of Richmond in 2019, and 64% of first-time enrollees submitted SAT scores with their applications.

University of Richmond has an overall enrollment yield of 23.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

28.3%
Acceptance Rate in 2019
3,500
Accepted Out of 12,356

In 2019, the undergraduate acceptance rate of University of Richmond was 28.3% (3,500 admissions from 12,356 applications). This is lower than the acceptance rate of 2018, which was 30.2%. Between 2018 and 2019, the number of applicants grew by 3.99%, while admissions declined by −2.37%.

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

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SAT Scores

64%
Submission Percentage
536
Scores Submitted

64% of enrolled first-time students at University of Richmond in 2019 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 3,914 students. The full-time enrollment at University of Richmond is 3,424 students and the part-time enrollment is 490. This means that 87.5% of students enrolled at University of Richmond are enrolled full-time.

The enrolled student population at University of Richmond, both undergraduate and graduate, is 59.2% White, 8.02% Black or African American, 7.79% Hispanic or Latino, 6.41% Asian, 4.01% Two or More Races, 0.102% American Indian or Alaska Native, and 0.0255% Native Hawaiian or Other Pacific Islanders.

Students enrolled at University of Richmond in full-time Undergraduate programs are most commonly White Male (29.6%), followed by White Female (27.3%) and Hispanic or Latino Female (5.56%). Students enrolled in full-time Graduate programs are most commonly White Female (37.1%), followed by White Male (31.9%) and Black or African American Male (4.52%).

Full-Time vs Part-Time Enrollment

87.5%
Full-Time Enrollment

The total enrollment at University of Richmond, both undergraduate and graduate, is 3,914 students. The full-time enrollment at University of Richmond is 3,424 and the part-time enrollment is 490. This means that 87.5% of students enrolled at University of Richmond are enrolled full-time compared with 81.1% 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

94%
2019 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 94%. 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
    2,319
  2. Black or African American
    314
  3. Hispanic or Latino
    305

The enrolled student population at University of Richmond is 59.2% White, 8.02% Black or African American, 7.79% Hispanic or Latino, 6.41% Asian, 4.01% Two or More Races, 0.102% American Indian or Alaska Native, and 0.0255% 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 55% White, 14% Black or African American, and 13.1% 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, 191 students (4.88%) did not report their race.

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Graduates

In 2019, 191 more women than men received degrees from University of Richmond. The most common race/ethnicity group of degree recipients at University of Richmond is white (852 degrees awarded). There were 8.69 times more white graduates than the next closest race/ethnicity group, black or african american (98 degrees).

The most common Bachelor's Degree concentration at University of Richmond is General Business Administration & Management (225 degrees awarded), followed by Organizational Behavior Studies (74 degrees) and Other Multidisciplinary Studies (57 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 (148 degrees awarded), Cultural & Gender Studies (40 degrees), and Social Sciences (158 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 Lawyers, & judges, magistrates, & other judicial workers (332,200 people), Other managers (299,016 people), Postsecondary teachers (180,333 people), Elementary & middle school teachers (144,910 people), and Chief executives & legislators (132,515 people).

The most specialized majors at University of Richmond are Legal (148 degrees awarded), Cultural & Gender Studies (40 degrees), Social Sciences (158 degrees), Interdisciplinary Studies (65 degrees), and Physical Sciences (31 degrees).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at University of Richmond are Securities, commodities, & financial services sales agents, Surgeons, Physicians, Cardiovascular technologists and technicians, and Chief executives & legislators

The most specialized majors at University of Richmond are Legal (148 degrees awarded), Cultural & Gender Studies (40 degrees), Social Sciences (158 degrees), Interdisciplinary Studies (65 degrees), and Physical Sciences (31 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 (390,613 people), Colleges, universities & professional schools, including junior colleges (377,306 people), Legal services (270,886 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (237,226 people), and Computer Systems Design (223,632 people).

The most specialized majors at University of Richmond are Legal (148 degrees awarded), Cultural & Gender Studies (40 degrees), Social Sciences (158 degrees), Interdisciplinary Studies (65 degrees), and Physical Sciences (31 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.
Most Common
  1. 225 degree-majorss awarded
  2. 74 degree-majorss awarded
  3. 57 degree-majorss awarded

In 2019, the most common bachelors degree concentration at University of Richmond was General Business Administration & Management with 225 degrees awarded.

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

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Gender Breakdown for Common Majors

557
Degrees Awarded to Men
in 2019
748
Degrees Awarded to Women
in 2019

In 2019, 557 degrees were awarded to men at University of Richmond, which is 0.745 times less than the number of degrees awarded to females (748).

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 2019, 162 degrees were awarded to men at University of Richmond in General Business Administration & Management, which is 1.8 times more than the 90 female recipients with that same degree.

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Most Common Female Majors

In 2019, 90 degrees were awarded to women at University of Richmond in General Business Administration & Management, which is 0.556 times less than the 162 male recipients with that same degree.

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Time to Complete

83%
100% Completion Time
88%
150% Completion Time

In 2019, 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 Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at University of Richmond is Male and American Indian or Alaska Native (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (69.1%).

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, 7.66% of graduates (52 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    852 degrees awarded
  2. Black or African American
    98 degrees awarded
  3. Unknown
    75 degrees awarded

The most common race/ethnicity at University of Richmond is white (852 degrees awarded). There were 8.69 times more white recipients than the next closest race/ethnicity group, black or african american (98 degrees).

5.75% of degree recipients (75 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Female
    487 degrees awarded
  2. White Male
    365 degrees awarded
  3. Black or African American Female
    70 degrees awarded

The most common race/ethnicity and gender grouping at University of Richmond is white female (487 degrees awarded). There were 1.33 times more white female recipients than the next closest race/ethnicity group, white male (365 degrees).

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Operations

University of Richmond has an endowment valued at nearly $2.51B, as of the end of the 2019 fiscal year. The return on its endowment was of $115M (4.56%), compared to the 3.99% average return ($1.62M on $40.7M) across all Baccalaureate Colleges.

In 2019, University of Richmond had a total salary expenditure of $306M. University of Richmond employs 133 Associate professors, 126 Professors, and 88 No academic ranks. Most academics at University of Richmond are Male Professors (81), Male Associate professors(70), and Female Associate professors (63).

The most common positions for non-instructional staff at University of Richmond are: Service, with 287 employees, Office and Administrative Support, with 195 employees, and Management with 153 employees.

Finances

Endowment

$2.51B
2019 Endowment
0.0647%
growth from 2018

University of Richmond has an endowment valued at about $2.51B, as of the end of the 2019 fiscal year. The endowment of University of Richmond grew 0.0647% from the previous year. The value of their endowment was $2.47B 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. $3.02M - Federal
  2. $0 - State
  3. $0 - Local

As of 2019, University of Richmond received $3.02M 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

$137M
2019 Salaries
1.29%
growth from 2018

In 2019, University of Richmond paid a median of $137M in salaries, which represents 44.8% of their overall expenditure ($306M) and a 1.29% growth from the previous year. This is compared to a 5.02% growth from 2017 and a 2.92% growth from 2016.

The median for similar Baccalaureate Colleges is 15.5M (41% of overall expenditures).

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Instructional Salaries

$49.9M
Instructional Salaries
419
Number of Employees

In 2019, University of Richmond paid a total of $49.9M to 419 employees working as instructors, which represents 36.4% of all salaries paid.

This is compared to a median of $4.89M (31.6%) for similar Baccalaureate Colleges.

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Faculty and Staff

Occupations by Share

Associate professor
Most Common Instructor
133 Employees
Service
Most Common Non-Instructional Employee
287 Employees

In 2019, the most common positions for instructional staff at University of Richmond were Associate professor with 133 employees; Professor with 126 employees; and Professor with 88 employees.

In 2019, the most common positions for non-instructional staff at University of Richmond were Service with 287 employees; Office and Administrative Support with 195 employees; and Management with 153 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 2019, the most common demographic for instructional staff at University of Richmond was Male Professor with 81 employees, Male Associate professor with 70 employees, and Female Associate professor with 63 employees.

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

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