Financial Aid Packages

URdefect
Mon, 23 Jul 2007 18:30:48 +0000

Richmond’s website is misleading.

While they do meet all demonstrated need, the formula for this is simply what is determined by your FAFSA as your Expected Family Contribution (EFC). The formula is then Cost of Attendance (COA) - EFC = Award.

However, because the FAFSA takes into account all assets of the parents (savings, retirement, house) and not just liquid assets, it is very common for the EFC to actually be much higher than middle class family can afford. If this is the case, the school will make loans available to cover the difference.

UR is a rich person’s school. The people there are extremely well off, isolated from the real world, and anything but diverse. The sky-high sticker price is a reflection/cause of this phenomenon.