University of Richmond business school

Last Updated on July 29, 2023

The Robins School is a tight-knit community of thinkers and doers who see the current business environment not as a challenge to be managed, but as an opportunity for exploration and transformation. We are a highly ranked business school residing in a top-25 liberal arts university. Our world-class faculty provide students with the very best intellectual capital in business schools today, representing the full spectrum of knowledge, from launching an entrepreneurial venture to running a global business. Our mission is to inspire our students to ask meaningful questions and to guide them toward discovering solutions that address major business and societal issues. We provide high-quality classroom teaching in a small class environment on a campus located in the heart of Richmond, Virginia, two hours from Washington D.C. This classroom experience is reinforced by scholarship, heightened experiential learning outside of the classroom, and strong relationships with our corporate, government and non-profit community.

Specializations

  • Accounting
  • Business Law/ Legal Environment
  • Economics/ Managerial Economics
  • Finance – incl Banking
  • General Business
  • International Business
  • Management
  • Marketing

Type

  • Private
  • Public

Format

  • Full-time
  • Part-time

Tuition & Fees *

Undergraduate (per year):

$54,690

Out of State/Region Tuition & Fees *

Undergraduate (per year):

$54,690

Out of Country Tuition & Fees *

Undergraduate (per year):

$54,690

Student Enrollments

Full-Time Undergraduate:

527

Part-Time Undergraduate:

9

Full-Time Masters:

2

Part-Time Masters:

63

Undergraduate Cost of Attendance

2021–22

Tuition$58,570
Room$6,550
Board$7,400
Charges billed by UR$72,520
Books & supplies$1,000
Personal expenses$1,000
Direct Loan fees$70
Estimated other costs$2,070
Total estimated costs$74,590

Full-Time

SchoolSemesterYear
Arts & Science/Business/Jepson, all students 3.5-6.0 units$29,285$58,570
Law School, 9-17 credit hours$25,250$50,500
*MBA , new students (per hour)$1,500Per Credit Hour
MBA, returning students (per hour) admitted prior to summer 2021$1,470Per Credit Hour
MBA, returning students (per hour) admitted prior to summer 2020$1,440Per Credit Hour
SPCS – undergraduate$530Per Credit Hour
SPCS – graduate$665Per Credit Hour

*The Richmond MBA offers a tuition rate lock for all students based on your admit term. We guarantee you will pay the same tuition from the start of your education to graduation.Part-Time

SchoolHoursCost/Unit or Hour
Arts & Science/Business/Jepson, 3.49 units or less1 Unit$8,370
.5 Unit$4,185
.25 Unit$2,093
Law School, 8 hours or fewerPer Credit Hour$2,800
SPCS – undergraduatePer Credit Hour$530
SPCS – graduatePer Credit Hour$665

Excess Fees

SchoolHoursSemester
Arts & Science/Business/Jepson, undergraduate, 6.01 units and over1 unit$8,370
.5 unit$4,185
.25 unit$2,093
Law School, 18 hours and over per credit$2,800
JD/MBA-new students in excess of 19 hours will be charged at the MBA per credit rate*per credit$1,500
JD/MBA students admitted prior to summer 2021 in excess of 19 hours will be charged at the MBA per credit rate*per credit$1,470
JD/MBA students admitted prior to summer 2020 in excess of 19 hours will be charged at the MBA per credit rate*per credit$1,440

*The only exception to this policy is JD/MBA students enrolled in Opening Residency (2 credits), which occurs prior to the start of fall classes but which is included in the fall-semester credit total. In that semester only, the overage limit will be 21 credits.

How much does it cost to attend?

Sticker Price

$69,750

FeeCost
Tuition$54,690
Books and Supplies$1,100
Other Fees$0
Room and Board$12,900
Other Expenses Budget$1,060

Annual Prices

The annual list price to attend University of Richmond on a full time basis for 2018/2019 is $69,750 for all students regardless of their residency. This fee is comprised of $54,690 for tuition, $12,900 room and board, $1,100 for books and supplies and $0 for other fees. Out of state tuition for University of Richmond is $54,690, the same as Virginia residents.All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.

Will you get accepted?

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Net Price

Net price is indicative of what it actually costs to attend University of Richmond when typical grants and scholarships are considered. The net price varies by family income and financial need.

University of Richmond Tuition and Fees
Average Net Price 2018/2019

$25,282

Family IncomeNet Price Paid
$0 to $30,000$9,112
$30,001 to $48,000$9,131
$48,001 to $75,000$12,923
$75,001 to $110,000$24,206
$110,000+$46,570
  1. Financial Aid

57% of full-time undergrad University of Richmond received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $41,609 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 31% of students received Federal Student Loans averaging $4,815 and 3% of undergrads took out private student loans averaging $22,003.

TypeAvg./StudentStudents Receiving
Total Grant and Scholarship Aid$41,60957%
Institutional Grants and Scholarships$42,26453%
Pell Grants$4,97216%
Other Federal Grants$3,8823%
State and Local Grants$3,25715%
Federal Student Loans$4,81531%
Other Student Loans$22,0033%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Richmond, we’ve modeled a ten year student loan with an original principal value of $77,716. The loan balance of $77,716 is a four year multiple of the $19,429 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $741 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan$77,716
Stafford Loan Interest Rate2.75%
Time to Pay Off Student Loan10 years
Example Monthly Payment$741.50
Total Interest Paid$11,263.56
Sum of All Loan Payments$88,979.56

Projected 4 Year Degree Price

4 Year Sticker Price

$279,000

YearAll Residents
1$69,750
2$72,144
3$74,620
4$77,180

Based on published tuition prices, we estimate the current cost of a 4 year bachelor’s degree and living expenses at University of Richmond to be $279,000 – assuming graduation in normal time. The estimation assumes a 3.4% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Price Per Credit3 Credit Class4 Credit Class
All Residents$2,231$6,693$8,924

Estimated cost for a class at University of Richmond based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at University of Richmond versus other colleges

Tuition Payment Plans Available

Tuition Payment PlanYes
Prepaid Tuition PlanNo
Alternative Tuition PlanYes
Guaranteed Tuition PlanNo

Housing Costs

On campus room and board is provided by the school at a cost of $12,900 per academic year. Students electing to live off campus elsewhere in University of Richmond should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,100.

Other Living Expenses

If living on-campus, students should budget for $1,060 in additional living expenses. Off-campus students should budget for $1,060 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to University of Richmond was $69,750 for the 2019/2020 academic year. The cost is the same for all students regardless of Virginia residence status as there is no in-state discount.

Estimated Budgets
Virginia Resident Total Budget$69,750
   In-State Tuition$54,690
   Other Fees$0
   Room and Board$12,900
   On-Campus Other Budget$1,060
   Books and Supplies$1,100
Non-Resident Total Budget$69,750
   Out-of-State Tuition$54,690
   Other Fees$0
   Room and Board$12,900
   On-Campus Other Budget$1,060
   Books and Supplies$1,100

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