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What South University, Richmond Fin Aid Are You Eligible For?

Financial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.

Curious about the financial aid opportunities at South University, Richmond and what you may be eligible for? Explore the answers here.

Table of Contents:

What Percentage of Students Receive Financial Assistance?

South University, Richmond average financial aid offer for freshmen students is $6,772.00. Approximately 100% of incoming freshmen obtain financial assistance, with the majority being offered as loans.

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Is it a Discount?

Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.

Student Loans at South University, Richmond

We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at South University, Richmond.

How Much Aid Is Offered That I Don’t Have to Pay Back? A.K.A. Scholarships & Grants

Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.

The numbers below apply to scholarships and grants primarily provided by South University, Richmond.

60% of first-year students (3 total) were offered scholarships at South University, Richmond, averaging $4,608.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.

As well as scholarships, 60% of freshmen (3 total) received a federal grant, for about $6,678.00 a person.

Amount of Financial Assistance By Income Level

Amount of Financial Assistance Per Income Level

Income LevelPercent of FreshmanAverage Assistance
Income 0-30k20.00%$7,595.00
Income 30k-48k0.00%$0.00
Income 48k-75k60.00%$6,150.00
Income 75k-110k0.00%$0.00
Income 110k +0.00%$0.00

Title IV Aid

The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.

The Typical Undergraduate Receiving a Grant or Scholarship Will Get $6,772.00.

5 South University, Richmond undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $6,772.00.Most of them are distributed as Pell Grants.

Want to Know More About Tuition and Fee Prices?

Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.

Notes and References

References

More about our data sources and methodologies.

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