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 2011.

For that period, the average number of students who received grants aid/scholarships is 2,312, which is 69.82 % of all undergraduate students. 1,248 students which is 37.55% of undergraduate students received federal student loans and the average loan amount is $6,277.

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
2011-12	2,464 (73%)	$29,195	647 (19%)	$3,649	1,440 (42%)	$6,147
2012-13	2,423 (73%)	$29,950	670 (20%)	$3,853	1,413 (42%)	$6,294
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
Average	2,312 (69.82%)	$33,867	614 (18.45%)	$4,317	1,248 (37.55%)	$6,277

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

Overview

For the last 12 years, on average, 473 (58.36 % of students) received grants or scholarships and its average amount is $39,222. It can cover 62.66% of tuition & fees ($62,600).

In addition, 280 (34.45 % of students) students get helped from the students loans (average amount : $7,107).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	450 (58%)	$32,007	285 (36%)	$6,445
2012-13	447 (57%)	$34,921	285 (36%)	$6,361
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
Average	473 (58.36%)	$39,222	280 (34.45%)	$7,107

^*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 12 years, on average, 131 (16.18 % of students) received Pell (federal) grants and its average amount is $4,560.

In addition, 127 students received State/local government grants/scholarships (15.82 % 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
2011-12	115 (15%)	$3,985	20 (3%)	$3,911	137 (18%)	$2,457	406 (52%)	$33,325
2012-13	122 (16%)	$4,248	16 (2%)	$4,000	124 (16%)	$2,763	409 (52%)	$35,904
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
Average	131 (16.18%)	$4,560	65 (7.91%)	$3,554	127 (15.82%)	$3,218	439 (54.09%)	$39,658

^*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 12 years, on average, 280 (34.45 % of students) get any students loan help and its average loan amount is $280.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	285 (36%)	$6,445	281 (36%)	$5,182	19 (2%)	$20,033
2012-13	285 (36%)	$6,361	284 (36%)	$5,166	21 (3%)	$16,456
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
Average	280 (34.45%)	$7,107	276 (34.09%)	$5,024	27 (3.27%)	$21,746

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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