The University of Richmond has announced, in a first-of-its-kind partnership, it will meet the full demonstrated financial need for all RPS graduates who qualify to attend with grant aid — not with loans — up to the full cost of attendance at UR.
“We know that the thought of taking out loans may create anxiety for families, particularly among first-generation students,” said University of Richmond President Ronald A. Crutcher. “The University of Richmond and the City of Richmond want to retain our best students in the region, and the No Loan Program will further that effort.”
“The No Loan Program gives our students the remarkable opportunity to graduate with a degree from a world-class institution without taking on any debt,” said RPS Superintendent Jason Kamras. “We are incredibly grateful to President Crutcher, and the entire University of Richmond team, for this generous commitment to our students.”
“The University of Richmond has been a wonderful partner for RPS over the years,” said School Board Chairwoman Linda Owen. “I am thrilled to see the collaboration continue in this way and I can’t wait to see the next generation of RPS students who become Richmond Spiders.”
The University of Richmond and Richmond Public Schools already partner on a number of programs. UR offers RPS specific admission and financial aid workshops. UR Bonner Scholars and students from the Jepson School of Leadership Studies’ “Justice and Civil Society” class volunteer with RVA Future Centers. Also, the student-led UR Mentoring Project brings UR students in to mentor students in the Armstrong Leadership Program.
UR also offers Richmond’s Promise to Virginia, which provides full tuition, room, and board grants to all Virginians who come from families with incomes below $60,000.
“We hope local students will consider Richmond and know that they will find the diverse community here that is found at other top universities, said Stephanie Dupaul, vice president for Enrollment Management. “RPS students who attend Richmond will find that staying local doesn’t mean they only have local experiences. Our financial aid awards are only part of the story. We also guarantee funding for faculty-mentored research and internships; we ensure that students are able to study abroad; and we provide the pathways for students to successful careers and graduate school.”
UR students also benefit from the partnership. “Just as students from Richmond benefit from the geographically diverse student population at the University, students from around the nation and world have much to learn from our hometown students,” Crutcher said.
Over the last decade, UR has invested more than $11 million in University-funded aid to graduates of Richmond Public Schools and the City of Richmond-located magnet schools.
“I am so pleased that we can expand our financial aid programs to make it possible for more RPS students to graduate as Spiders,” Crutcher said.
Current RPS seniors are encouraged to apply by Jan. 1 for fall semester 2021.
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