University of Richmond

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2020 Undergraduate Tuition
$56,860
3.97% growth from 2019
2020 Average Net Price
$25,700
After Financial Aid
2018 Student Loan
1.99%
Default Rate
2020 Acceptance Rate
30.9%
12,060 Applicants
2020 Enrolled Students
4,056
88.9% Full-Time
2020 Graduation Rate
88%
716 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 (227 degrees awarded), Organizational Behavior Studies (75 degrees), and Other Multidisciplinary Studies (55 degrees).

In 2020, 1,319 degrees were awarded across all undergraduate and graduate programs at University of Richmond. 57.5% of these degrees were awarded to women, and 42.5% awarded men. The most common race/ethnicity group of degree recipients was white (821 degrees), 8.55 times more than then the next closest race/ethnicity group, black or african american (96 degrees).

The median undergraduate tuition at University of Richmond is $56,860, which is $28,460 more than the national average for Baccalaureate Colleges ($28,400).

Costs

The median undergraduate tuition at University of Richmond is $56,860, which is $28,460 more than the national average for Baccalaureate Colleges ($28,400).

After taking grants and loans into account, the average net price for students is $25,700.

In 2020, 72% of undergraduate students received federal grants, while 36% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$56,860
2020 Undergraduate Tuition

In 2020, the cost of tuition at University of Richmond was $56,860. The cost of tuition at University of Richmond is $28,460 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,400).

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

$25,700
2020 Value
1.65%
1 Year Growth

In 2020 University of Richmond had an average net price — the price paid after factoring in grants and loans — of $25,700. Between 2019 and 2020, the average net price of University of Richmond grew by 1.65%.

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

$12,900
Room and Board
$1,100
Books and Supplies

The average yearly cost of room and board at University of Richmond was of $12,900 in 2020. During the same period, the average yearly cost of books and supplies was $1,100. The cost of room and board increased by 5.31% between 2019 and 2020. 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

72%
Of Undergraduates Receive Grants
36%
Of Undergraduates Receive Federal Loans

72% of undergraduate students at University of Richmond received grants or loans in 2020. This represents a growth of 2.86% with respect to 2019, when 70% 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.
1.99%
2018 Default Rate
13
Number of Defaults

In 2018 the default rate for borrower's at University of Richmond was 1.99%, which represents 13 out of the 654 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 12,060 undergraduate applications in 2020, which represents a 2.4% annual decline. Out of those 12,060 applicants, 3,727 students were accepted for enrollment, representing a 30.9% acceptance rate.

There were 4,056 students enrolled at University of Richmond in 2020, and 59% of first-time enrollees submitted SAT scores with their applications.

University of Richmond has an overall enrollment yield of 21.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

30.9%
Acceptance Rate in 2020
3,727
Accepted Out of 12,060

In 2020, the undergraduate acceptance rate of University of Richmond was 30.9% (3,727 admissions from 12,060 applications). This is higher than the acceptance rate of 2019, which was 28.3%. Between 2019 and 2020, the number of applicants declined by −2.4%, while admissions grew by 6.49%.

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

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SAT Scores

59%
Submission Percentage
482
Scores Submitted

59% of enrolled first-time students at University of Richmond in 2020 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 4,056 students. The full-time enrollment at University of Richmond is 3,604 students and the part-time enrollment is 452. This means that 88.9% of students enrolled at University of Richmond are enrolled full-time.

The enrolled student population at University of Richmond, both undergraduate and graduate, is 61.6% White, 9.59% Hispanic or Latino, 7.4% Black or African American, 6.31% Asian, 4.02% Two or More Races, 0.123% American Indian or Alaska Native, and 0.0247% Native Hawaiian or Other Pacific Islanders.

Students enrolled at University of Richmond in full-time Undergraduate programs are most commonly White Female (30.5%), followed by White Male (29.8%) and Hispanic or Latino Female (6.63%). Students enrolled in full-time Graduate programs are most commonly White Female (37%), followed by White Male (34.7%) and Hispanic or Latino Female (4.07%).

Full-Time vs Part-Time Enrollment

88.9%
Full-Time Enrollment

The total enrollment at University of Richmond, both undergraduate and graduate, is 4,056 students. The full-time enrollment at University of Richmond is 3,604 and the part-time enrollment is 452. This means that 88.9% of students enrolled at University of Richmond are enrolled full-time compared with 80.1% 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

93%
2020 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
    2,500
  2. Hispanic or Latino
    389
  3. Black or African American
    300

The enrolled student population at University of Richmond is 61.6% White, 9.59% Hispanic or Latino, 7.4% Black or African American, 6.31% Asian, 4.02% Two or More Races, 0.123% American Indian or Alaska Native, and 0.0247% 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 54.8% White, 13.8% Black or African American, and 13.4% 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, 159 students (3.92%) did not report their race.

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Graduates

In 2020, 197 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 (821 degrees awarded). There were 8.55 times more white graduates than the next closest race/ethnicity group, black or african american (96 degrees).

The most common Bachelor's Degree concentration at University of Richmond is General Business Administration & Management (227 degrees awarded), followed by Organizational Behavior Studies (75 degrees) and Other Multidisciplinary Studies (55 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 (137 degrees awarded), Cultural & Gender Studies (34 degrees), and Interdisciplinary Studies (89 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 (149,359 people), Other managers (119,340 people), Lawyers, & judges, magistrates, & other judicial workers (116,260 people), Postsecondary teachers (113,639 people), and Secondary school teachers (100,258 people).

The most specialized majors at University of Richmond are Legal (137 degrees awarded), Cultural & Gender Studies (34 degrees), Interdisciplinary Studies (89 degrees), English (43 degrees), and Language & Linguistics (25 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, Dentists, Physicians, and Chief executives & legislators

The most specialized majors at University of Richmond are Legal (137 degrees awarded), Cultural & Gender Studies (34 degrees), Interdisciplinary Studies (89 degrees), English (43 degrees), and Language & Linguistics (25 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 (366,415 people), Colleges, universities & professional schools, including junior colleges (236,179 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (132,810 people), Legal services (110,652 people), and Computer Systems Design (96,591 people).

The most specialized majors at University of Richmond are Legal (137 degrees awarded), Cultural & Gender Studies (34 degrees), Interdisciplinary Studies (89 degrees), English (43 degrees), and Language & Linguistics (25 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. 227 degree-majorss awarded
  2. 75 degree-majorss awarded
  3. 55 degree-majorss awarded

In 2020, the most common bachelors degree concentration at University of Richmond was General Business Administration & Management with 227 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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Sex Breakdown for Common Majors

561
Degrees Awarded to Men
in 2020
758
Degrees Awarded to Women
in 2020

In 2020, 561 degrees were awarded to men at University of Richmond, which is 0.74 times less than the number of degrees awarded to females (758).

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

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Most Common Male Majors

In 2020, 160 degrees were awarded to men at University of Richmond in General Business Administration & Management, which is 1.6 times more than the 100 female recipients with that same degree.

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Most Common Female Majors

In 2020, 100 degrees were awarded to women at University of Richmond in General Business Administration & Management, which is 0.625 times less than the 160 male recipients with that same degree.

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Time to Complete

82%
100% Completion Time
87%
150% Completion Time

In 2020, 82% of students graduating from University of Richmond completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 87% completed their degrees within 150% of the normal time, and 87% 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 Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Female
Highest Graduation Rate (93.8%)

The student demographic with the highest graduation rate at University of Richmond is Female and Asian (93.8% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.4%).

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, 4.05% of graduates (29 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    821 degrees awarded
  2. Black or African American
    96 degrees awarded
  3. Asian
    94 degrees awarded

The most common race/ethnicity at University of Richmond is white (821 degrees awarded). There were 8.55 times more white recipients than the next closest race/ethnicity group, black or african american (96 degrees).

4.02% of degree recipients (53 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    449 degrees awarded
  2. White Male
    372 degrees awarded
  3. Hispanic or Latino Female
    61 degrees awarded

The most common race/ethnicity and sex grouping at University of Richmond is white female (449 degrees awarded). There were 1.21 times more white female recipients than the next closest race/ethnicity group, white male (372 degrees).

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Operations

University of Richmond has an endowment valued at nearly $2.41B, as of the end of the 2020 fiscal year. The return on its endowment was of $−NaNM (−0.215%), compared to the 2.06% average return ($820k on $39.8M) across all Baccalaureate Colleges.

In 2020, University of Richmond had a total salary expenditure of $302M. University of Richmond employs 134 Associate professors, 126 Professors, and 90 No academic ranks. Most academics at University of Richmond are Male Professors (77), Male Associate professors(70), and Female Associate professors (64).

The most common positions for non-instructional staff at University of Richmond are: Service, with 282 employees, Office and Administrative Support, with 192 employees, and Management with 156 employees.

Finances

Endowment

$2.41B
2020 Endowment
4.28%
decline from 2019

University of Richmond has an endowment valued at about $2.41B, as of the end of the 2020 fiscal year. The endowment of University of Richmond declined 4.28% from the previous year. The value of their endowment was $2.37B 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. $4.45M - Federal
  2. $0 - State
  3. $0 - Local

As of 2020, University of Richmond received $4.45M 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

$140M
2020 Salaries
1.94%
growth from 2019

In 2020, University of Richmond paid a median of $140M in salaries, which represents 46.3% of their overall expenditure ($302M) and a 1.94% growth from the previous year. This is compared to a 1.29% growth from 2018 and a 5.02% growth from 2017.

The median for similar Baccalaureate Colleges is 15.4M (40.8% of overall expenditures).

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Instructional Salaries

$50.2M
Instructional Salaries
427
Number of Employees

In 2020, University of Richmond paid a total of $50.2M to 427 employees working as instructors, which represents 35.9% of all salaries paid.

This is compared to a median of $4.78M (31%) for similar Baccalaureate Colleges.

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Faculty and Staff

Occupations by Share

Associate professor
Most Common Instructor
134 Employees
Service
Most Common Non-Instructional Employee
282 Employees

In 2020, the most common positions for instructional staff at University of Richmond were Associate professor with 134 employees; Professor with 126 employees; and Professor with 90 employees.

In 2020, the most common positions for non-instructional staff at University of Richmond were Service with 282 employees; Office and Administrative Support with 192 employees; and Management with 156 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Male Professor
  2. Male Associate professor
  3. Female Associate professor

In 2020, the most common demographic for instructional staff at University of Richmond was Male Professor with 77 employees, Male Associate professor with 70 employees, and Female Associate professor with 64 employees.

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

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