The University of Richmond has expanded the number of students in Virginia who will qualify for Richmond’s Promise to Virginia by increasing the qualifying income level.
Beginning in fall 2025, qualified Virginians whose total parental income is $75,000 or less will receive grant aid equal to 100 percent of tuition, housing and food at the University of Richmond.
“We want to reduce financial barriers so that exceptional students at all points of the income distribution can envision themselves as Spiders,” University of Richmond President Kevin F. Hallock said. “We enthusiastically welcome talented students without consideration of their financial circumstances, and we are committed to ensuring all families can see a Richmond education as not only excellent but affordable.”
Hundreds of Virginians have benefitted from Richmond’s Promise to Virginia. Derek Lang, a Midlothian student who graduated in May 2024, said the financial aid he received made it possible for him to attend UR and become a Spider.
“I would have chosen a different school had UR and their donors not been so generous,” he said.
Shaylin Bonefont, also a 2024 graduate from Virginia, said that without the financial aid provided she “would’ve missed out on all of the amazing things and resources that UR had to offer to students,” including small classes, personal relationships with faculty and the Spider alumni network.
“Nothing should stop students who are interested and passionate about attending UR,” Bonefont said.
In addition to Richmond’s Promise to Virginia, UR’s commitment to access and affordability includes:
- Need-blind admission decisions for U.S. citizens and permanent residents and a commitment to meet the full demonstrated financial need of every student who enters directly from high school.
- 64 percent of University of Richmond undergraduate students receive UR-funded grants or aid.
- The University of Richmond spends more than $90M per year on University-funded aid.
- More than 60 percent of University of Richmond undergraduates graduate without student loan debt.
- Through the Richmond Guarantee, every undergraduate student is eligible to receive a fellowship of up to $5,000 for an unpaid or underpaid summer internship or faculty-mentored research project. Each year, more than 500 UR students are granted summer fellowships.
- To qualify for funding through Richmond’s Promise to Virginia, students must enter Richmond as first-time, first-year students; must be U.S. citizens or U.S. permanent residents and domiciliary residents of Virginia; must meet the income criteria; and must qualify for need-based financial aid.
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Rebecca Barnabi
