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 2,282, which is 69.11 % of all undergraduate students. 1,209 students which is 36.56% of undergraduate students received federal student loans and the average loan amount is $6,290.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,304 (72%)$29,350616 (19%)$4,0281,276 (40%)$6,343
2014-152,318 (69%)$30,300608 (18%)$4,1011,307 (39%)$6,557
2015-162,352 (71%)$31,038614 (18%)$4,1601,291 (39%)$6,465
2016-172,290 (63%)$33,364575 (16%)$4,1541,304 (36%)$6,388
2017-182,360 (72%)$34,644640 (20%)$4,3901,285 (39%)$6,279
2018-192,307 (70%)$35,406604 (18%)$4,6571,177 (36%)$6,251
2019-202,302 (72%)$36,824614 (19%)$4,6421,156 (36%)$6,260
2020-212,081 (63%)$41,240586 (18%)$4,8631,055 (32%)$6,111
2021-222,228 (70%)$41,231582 (18%)$4,9921,028 (32%)$5,954
Average2,282 (69.11%)$34,822604 (18.22%)$4,4431,209 (36.56%)$6,290

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

OverviewGrants/ScholarshipStudent Loans
For the last 10 years, on average, 479 (58.56 % of students) received grants or scholarships and its average amount is $40,502. It can cover 64.70% of tuition & fees ($62,600).
In addition, 279 (34.11 % of students) students get helped from the students loans (average amount : $7,263).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14447 (56%)$33,527277 (34%)$6,642
2014-15498 (61%)$37,799297 (36%)$6,797
2015-16461 (57%)$38,849298 (37%)$7,159
2016-17486 (60%)$38,394291 (36%)$6,794
2017-18468 (59%)$40,155279 (35%)$6,552
2018-19473 (57%)$41,609261 (31%)$6,456
2019-20492 (59%)$43,893278 (33%)$8,523
2020-21484 (61%)$43,905258 (33%)$8,198
2021-22498 (57%)$46,385275 (32%)$8,250
Average479 (58.56%)$40,502279 (34.11%)$7,263
*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.
The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 133 (16.33 % of students) received Pell (federal) grants and its average amount is $4,659.
In addition, 127 students received State/local government grants/scholarships (15.56 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14115 (14%)$4,31813 (2%)$3,929133 (17%)$2,805410 (51%)$34,307
2014-15141 (17%)$4,20921 (3%)$3,783154 (19%)$2,955474 (58%)$37,333
2015-16132 (16%)$4,35520 (2%)$3,829106 (13%)$3,031433 (54%)$39,115
2016-17119 (15%)$4,29221 (3%)$3,905124 (15%)$3,360452 (55%)$39,049
2017-18140 (18%)$4,70324 (3%)$3,914126 (16%)$3,321425 (53%)$41,462
2018-19131 (16%)$4,97227 (3%)$3,882127 (15%)$3,257438 (53%)$42,264
2019-20145 (17%)$4,91133 (4%)$3,961139 (17%)$3,383465 (56%)$43,618
2020-21131 (17%)$4,976167 (21%)$2,274103 (13%)$3,755453 (58%)$43,778
2021-22145 (17%)$5,192354 (41%)$1,704127 (15%)$4,315460 (53%)$46,078
Average133 (16.33%)$4,65976 (9.11%)$3,465127 (15.56%)$3,354446 (54.56%)$40,778
*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..
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 10 years, on average, 279 (34.11 % of students) get any students loan help and its average loan amount is $279.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14277 (34%)$6,642273 (34%)$5,16622 (3%)$19,513
2014-15297 (36%)$6,797295 (36%)$5,20523 (3%)$21,016
2015-16298 (37%)$7,159289 (36%)$5,05936 (4%)$18,650
2016-17291 (36%)$6,794287 (35%)$4,90928 (3%)$20,293
2017-18279 (35%)$6,552277 (35%)$4,87424 (3%)$19,916
2018-19261 (31%)$6,456254 (31%)$4,81521 (3%)$22,003
2019-20278 (33%)$8,523273 (33%)$4,98237 (4%)$27,284
2020-21258 (33%)$8,198254 (32%)$4,95729 (4%)$29,516
2021-22275 (32%)$8,250270 (31%)$4,95038 (4%)$24,529
Average279 (34.11%)$7,263275 (33.67%)$4,99129 (3.44%)$22,524
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