How UR's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at University of Richmond since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,289, which is 69.70 % of all undergraduate students. 1,193 students which is 36.20% of undergraduate students received federal student loans and the average loan amount is $6,275.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,304 (72%)	$29,350	616 (19%)	$4,028	1,276 (40%)	$6,343
2014-15	2,318 (69%)	$30,300	608 (18%)	$4,101	1,307 (39%)	$6,557
2015-16	2,352 (71%)	$31,038	614 (18%)	$4,160	1,291 (39%)	$6,465
2016-17	2,290 (63%)	$33,364	575 (16%)	$4,154	1,304 (36%)	$6,388
2017-18	2,360 (72%)	$34,644	640 (20%)	$4,390	1,285 (39%)	$6,279
2018-19	2,307 (70%)	$35,406	604 (18%)	$4,657	1,177 (36%)	$6,251
2019-20	2,302 (72%)	$36,824	614 (19%)	$4,642	1,156 (36%)	$6,260
2020-21	2,081 (63%)	$41,240	586 (18%)	$4,863	1,055 (32%)	$6,111
2021-22	2,228 (70%)	$41,231	582 (18%)	$4,992	1,028 (32%)	$5,954
2022-23	2,345 (75%)	$40,433	552 (18%)	$5,151	1,049 (33%)	$6,140
Average	2,289 (69.70%)	$35,383	599 (18.20%)	$4,514	1,193 (36.20%)	$6,275

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 11 years, on average, 485 (59.10 % of students) received grants or scholarships and its average amount is $40,657. It can cover 64.95% of tuition & fees ($62,600).

In addition, 279 (34.00 % of students) students get helped from the students loans (average amount : $7,501).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	447 (56%)	$33,527	277 (34%)	$6,642
2014-15	498 (61%)	$37,799	297 (36%)	$6,797
2015-16	461 (57%)	$38,849	298 (37%)	$7,159
2016-17	486 (60%)	$38,394	291 (36%)	$6,794
2017-18	468 (59%)	$40,155	279 (35%)	$6,552
2018-19	473 (57%)	$41,609	261 (31%)	$6,456
2019-20	492 (59%)	$43,893	278 (33%)	$8,523
2020-21	484 (61%)	$43,905	258 (33%)	$8,198
2021-22	498 (57%)	$46,385	275 (32%)	$8,250
2022-23	547 (64%)	$42,050	277 (33%)	$9,640
Average	485 (59.10%)	$40,657	279 (34.00%)	$7,501

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 11 years, on average, 131 (16.00 % of students) received Pell (federal) grants and its average amount is $4,729.

In addition, 126 students received State/local government grants/scholarships (15.40 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	115 (14%)	$4,318	13 (2%)	$3,929	133 (17%)	$2,805	410 (51%)	$34,307
2014-15	141 (17%)	$4,209	21 (3%)	$3,783	154 (19%)	$2,955	474 (58%)	$37,333
2015-16	132 (16%)	$4,355	20 (2%)	$3,829	106 (13%)	$3,031	433 (54%)	$39,115
2016-17	119 (15%)	$4,292	21 (3%)	$3,905	124 (15%)	$3,360	452 (55%)	$39,049
2017-18	140 (18%)	$4,703	24 (3%)	$3,914	126 (16%)	$3,321	425 (53%)	$41,462
2018-19	131 (16%)	$4,972	27 (3%)	$3,882	127 (15%)	$3,257	438 (53%)	$42,264
2019-20	145 (17%)	$4,911	33 (4%)	$3,961	139 (17%)	$3,383	465 (56%)	$43,618
2020-21	131 (17%)	$4,976	167 (21%)	$2,274	103 (13%)	$3,755	453 (58%)	$43,778
2021-22	145 (17%)	$5,192	354 (41%)	$1,704	127 (15%)	$4,315	460 (53%)	$46,078
2022-23	111 (13%)	$5,366	33 (4%)	$4,326	116 (14%)	$4,412	532 (63%)	$40,886
Average	131 (16.00%)	$4,729	71 (8.60%)	$3,551	126 (15.40%)	$3,459	454 (55.40%)	$40,789

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 11 years, on average, 279 (34.00 % of students) get any students loan help and its average loan amount is $279.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	277 (34%)	$6,642	273 (34%)	$5,166	22 (3%)	$19,513
2014-15	297 (36%)	$6,797	295 (36%)	$5,205	23 (3%)	$21,016
2015-16	298 (37%)	$7,159	289 (36%)	$5,059	36 (4%)	$18,650
2016-17	291 (36%)	$6,794	287 (35%)	$4,909	28 (3%)	$20,293
2017-18	279 (35%)	$6,552	277 (35%)	$4,874	24 (3%)	$19,916
2018-19	261 (31%)	$6,456	254 (31%)	$4,815	21 (3%)	$22,003
2019-20	278 (33%)	$8,523	273 (33%)	$4,982	37 (4%)	$27,284
2020-21	258 (33%)	$8,198	254 (32%)	$4,957	29 (4%)	$29,516
2021-22	275 (32%)	$8,250	270 (31%)	$4,950	38 (4%)	$24,529
2022-23	277 (33%)	$9,640	271 (32%)	$5,071	45 (5%)	$28,805
Average	279 (34.00%)	$7,501	274 (33.50%)	$4,999	30 (3.60%)	$23,153

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Scholarships, Grants, and Loan Trends at UR

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time