Year 2028 intake student, accepted by University of Richmond with TE scholarship of $42,000 per year, and will increase $1,000 per year. I also accepted by Colby College with $48,000 financial aid each academic year and need to review the financial situation each year. It seems not much different to choose either of the two schools.
Well one is in Maine and is a pure LAC. It’s in a smaller city but certainly not in the sticks. It has no greek life.
One is in Richmond Virginia though a bit isolated, is a larger LAC, if you consider it an LAC at all - as business is by far its biggest major. So its vibe will be different. When I say isolated, it’s not far from society (or downtown Richmond) but it’s sort of on its own. It has greek life.
One will be frigid in winter. One much more mild.
Two fine schools.
Which would you prefer? Have you visited?
Congrats on having the choice.
Congratulations on your acceptance. So net direct COA for Richmond is ~$40K and Colby ~$36K.
If both of those are affordable to your family (defined as not requiring parent loans), then I would also pick based on which school fits best what you want in your college experience.
Have you visited each? What major(s) are you considering?
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Intended major?
Thanks for the advice. Weather is a serious consideration as well as the academic preparation thinking of going to a top graduate school.
Thanks. No chance to visit either, but virtually yes. It is affordable with the help of the scholarship and FA. Considering Economic and math major at Colby or business major at Richmond - they have good B-school I heard.
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Both will prepare you well for grad school.
Econ is a social science.
it’s not business.
Which do you want to study?
If you study business undergrad, what would you study in grad school? If you are thinking MBA, the where will not matter and what you study will not matter (it could be unrelated like English) - but getting work experience afterward will matter to help you get into a strong MBA program. If it’s something else you’d study in grad school, different story and the undergrad major may matter - but you could do econ at either.
Bottom line, both schools can get you to the same goal - both are excellent - but it sounds like Richmond fits you better (weather) but I do think the social aspects (greek vs. no greek) make the schools different as well…not sure where you fit.
Good luck.
Based on this analysis of faculty scholarship, Richmond also appears to offer a top-level economics program: https://ideas.repec.org/top/top.uslacecon.html.
It does make sense for the MBA track - working experience matters. Have to think about the greek vs. no greek environment more. A little concern of Colby’s drinking culture though.
There will be drinkers and non drinkers at both.
If you have a business undergrad, depending on the role you end up in, you may or may not go to grad school.
If it were me, I’d toss major out (unless you know you want to be a business student) - and I’d pick the school that’s right for you.
No school will be perfect - but you will have a chance to find your tribe at both schools.
One just requires a heavier jacket.
Good luck.
Thanks, you have a good point. Will do more research and choose one eventually. No perfect school no perfect selection, maybe we should listen to the gut feeling.
In high school the strong academic on math and Econ. Hoping to start a career in the consulting firm.
Irrespective of the primary major — such as economics — the depth, breadth and rigor of a second major in mathematics may be suitable for a student with these interests. This would comport with what is essentially the LAC model of a finance major, which does not require the availability of a business school.
Where is home now? Flights and travel add up with both time and money. The airports in Portland and Richmond have connections with some limitations.
Richmond will be easier access to the airport and Amtrak (which can get you to DC area airports if needed).
Colby is nearly 1.5 hours to the Portland airport and an hour to the train.
If there is any fluctuation in income the Colby fin aid could change, but U Richmond would be an amount tied to the scholarship that you can plan around. That can provide peace of mind for some.
International student.
The financial aid is true, it could fluctuate according to the income update. thanks.
ecom+math could be a good combination for UG?
An economics major supported by courses in mathematics topics such as multivariable calculus, linear algebra, differential equations, probability theory and real analysis would be more foundational and rigorous than a typical business major.
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