Financial Affairs

The services of the University physician are available only in the Student Health Center.
Information about a student accident and sickness insurance policy is available at healthcenter.richmond.edu.
Notes

• Regardless of the University school in which a course is taken, the student pays the tuition and fees of the school to which he or she has been admitted and which is considered the school of record. Any special fee associated with a particular course, such as a laboratory fee, is charged based on registration in the course.
• The University reserves the right to increase the fees listed herein and the charges for room and board if conditions should make such changes necessary or advisable. The changes will be announced as far in advance as feasible.
• The University is not liable for student's personal property. Students or parents should verify that their homeowner's insurance will cover their personal property on campus.
• Fees and charges will increase for the 2013-14 school year and will be announced as soon as possible.

Inquiries concerning payments should be directed to the Office of the Bursar, phone (804) 289-8147 or toll-free (866) 241-8893, or e-mail bursar@richmond.edu.

Fees are invoiced electronically and are to be paid in advance by the semester. The fall semester payment is due by the first Monday in August, and the spring semester payment is due by the first Monday in December. To avoid incurring a late-payment fee and delays in housing, registration, and other areas, please pay by due date. Satisfactory financial arrangements for room and board must be made before occupancy.

No credit is given for a term's work nor a degree conferred until all charges have been satisfactorily settled. Failure to make satisfactory financial arrangements can result in delay of graduation, denial of registration privileges, removal from classes, and/or the withholding of transcripts. If the University deems it necessary to engage the services of a collection agency or attorney to collect or to settle any dispute in connection with an unpaid balance on a student account, the student will be liable for all collection agency and/or attorney's fees, reasonable expenses, and costs incurred. Accounts referred to a collection agency are reported to a credit bureau(s).

Students receive a monthly e-mail notification to their UR e-mail address with the subject line 'University of Richmond Electronic Invoice/Statement' with a link to QuikPAY. The student's University of Richmond ID number is used for authentication. Students can also access their account through BannerWeb. Upon login, students can view their invoice, set up and store bank account or credit card information, set up authorized payers, pay the invoice electronically, and print paper copies.The student may authorize others to view the invoice as an authorized payer. Each invoice cycle, the student and the authorized payer(s) will receive an e-mail notification that the electronic invoice has been sent with a link to the QuikPAY login page.

e-Check payment is an optional feature. Checking and savings account information from a bank within the United States can be entered at the QuikPAY website and payments will be transferred electronically to the University of Richmond for no fee. You have the option to have the site retain your bank account information or you may enter it each time you make an e-payment.

Authorized payers will only be able to view their own payment and bank information. Each authorized payer is assigned a separate PIN number for added security and privacy.

The University of Richmond accepts MasterCard, Discover, and American Express via QuikPAY. Visa is not currently accepted. A vendor fee of 2.75% (of the amount charged) will be charged to your account for this service. Electronic checks also are accepted at this site.

Electronic payment is the preferred invoice payment method, but is optional. Payment may be mailed or made in person at the Cashier's Office in Sarah Brunet Hall. To mail a check or money order to the University, please print a copy of the PDF invoice, detach the bottom portion of the statement and mail with the payment (payable to the University of Richmond with your UR ID number printed clearly on the check) to the Bursar's Office:

University of Richmond
Box R
University of Richmond, VA 23173

University of Richmond undergraduate and law students may set up a deferred payment plan through TuitionPay Plan, a service of Sallie Mae. TuitionPay offers a payment schedule of ten equal payments for the academic year. The first payment is due in June, with the next four payments paying for the fall semester. The remaining five payments pay for the spring semester.

Information is mailed to students in April. For more information, call (877) 279-6092, e-mail info@tuitionpay.com or visit tuitionpay.salliemae.com/urich.

Students are urged to complete whatever arrangements they choose early, so that their accounts with the University may be settled in a timely manner.

Deposits

Upon acceptance for admission to the University of Richmond, and to confirm a student's intention to matriculate, two non- refundable seat deposits of $250.00 each are required on dates specified by the law school. These advance payments will be credited on the first semester account of the student and is not refundable if the student fails to matriculate.

Late Payment Fee

A late payment fee will be assessed on any unpaid balance. Students who fail to make satisfactory arrangements for their semester fees by the close of business on the first day of the term will be charged a late payment fee of up to $70.

Students are matriculated by semester. If a student withdraws from classes or is dropped from the University for whatever cause, a refund of fees for a fall or spring semester shall be made in accordance with the University's refund policy, based on the schedule below. Failure to attend class does not constitute a withdrawal.   This schedule is adapted for summer terms.

Students who withdraw from the University and who are receiving any financial assistance may be required to return such assistance per Public Law 668.22 and institutional policy. The University of Richmond complies with all federal regulations governing recipients of federal Title IV funds. Information regarding financial aid refund policies is available from the Financial Aid Office.

Meal plan refunds are pro-rated on a daily basis through the sixth week of classes.

Any special fee associated with a particular course is non-refundable after the first day of class.

The University of Richmond has an appeals process for students and parents who believe individual circumstances warrant exceptions from published policy. A student or parent has six weeks from the time of withdrawal to appeal the University's refund policy.

All appeals must be in writing and directed to:

Annemarie Weitzel, Bursar
Box R
University of Richmond, Virginia 23173

or bursar@richmond.edu

A medical withdrawal insurance plan is available through A.W.G. Dewar Inc., (617) 774-1555, or tuitionrefundplan.com.

Rooms in the law residence hall are available to single students upon application to the dean of admissions of the law school, accompanied by check payable to University of Richmond in the amount of $250. Returning students must apply for a room on or before the preceding May 1; new students must apply for a room upon acceptance by the school. Preference is given to entering students not from the area.

The deposit will be a credit toward other fees if written notice releasing the room is received by July 1. If a student occupies the room, the $250 room deposit will be credited to his or her account. The rooms are furnished. Each student provides his or her own pillow, bed linens, towels, and blankets. The charge for room covers medical care by the University Student Health Center but does not cover the cost of medicines, expenses at a hospital or the services of any additional physician or nurse. Law students living off-campus are not required to participate in a meal plan. However, if you would like to participate in a meal plan, please contact One Card Services, Room 330 of the Tyler Haynes Commons, for assistance. Students living in the law residence halls are required to purchase a Spider 17, Spider Unlimited, or Spider 50 meal plan.

Meals under all meal plans are served during the days and times stated in the calendar for the undergraduate School of Arts and Sciences, the Jepson School of Leadership Studies, and the undergraduate school of the E. Claiborne Robins School of Business. The ID/meal card is nontransferable. For more information, see dining.richmond.edu.

The University of Richmond offers law students various forms of financial assistance from federal and institutional sources. Financial aid recipients must be enrolled or unconditionally accepted for enrollment at Richmond on at least a half-time basis in a degree program at the University. Grants and scholarships may be awarded on the basis of need and/or merit to entering full-time students. Students who receive them for their first year will receive them in subsequent years as well as long as they remain enrolled in good academic standing. It is unlikely that students who do not receive grants or scholarships during their first year will receive them for the second or third year.

Students must also be meeting the SAP requirements for federal aid (see below). Institutional aid is generally not awarded for summer term. Institutional aid is available to students through their sixth term of enrollment (prorated for transfer students). Some institutional aid programs, such as Marshall Scholarships, have higher academic and/or other requirements which are conveyed to recipients when they are selected for such programs.

Students not meeting the SAP requirements for institutional financial aid at the end of the spring term will not be eligible for any additional institutional financial aid in subsequent terms of enrollment until the standards are met. Denial of aid under this policy may be appealed by the student, in writing, to the Director of Financial Aid within 30 days of notification that the student is no longer eligible for institutional aid. A student's request must include information regarding why the student is not meeting the SAP requirements for institutional aid and what factors have changed that will allow the student's academic progress to improve by the next evaluation.

The Higher Education Act requires that colleges and universities establish minimum standards of Satisfactory Academic Progress (SAP) for students receiving federal aid. When assessing SAP, the University will review all terms of enrollment at UR as well as transfer work accepted toward UR degree requirements, whether or not the student received financial aid during those terms.

The standards of academic progress outlined here are solely for the purpose of evaluating eligibility to continue receiving federal financial aid. They do not replace or modify academic standards required for continued enrollment at the University of Richmond. The effect of incomplete coursework, withdrawals, and course repetitions impacts SAP in the following ways:

• Incomplete coursework is not included in the GPA or in the number of credits earned but is counted as attempted credit.
• Courses from which a student withdraws are not included in the GPA or in the number of credits earned but are counted as attempted credit.
• Repeated courses are counted only one time as earned credits. However, credits for each course taken, including all repeated courses, are counted as attempted credit. Both grades will be calculated in the cumulative GPA.

SAP is checked annually at the end of the spring term. Students must meet both of the following requirements:

• Have completed 67% of all attempted coursework, (including transfer work and pass/fail courses) AND
• Have achieved a cumulative grade point average, depending on the number of units earned, as follows:

In addition, students must complete the requirements for a law degree within the 150% maximum timeframe allowed. That is, as the law degree program requires 86 hours to complete, the maximum number of hours attempted to complete the program cannot exceed 129 hours, including transfer work and pass/fail courses. Successful completion of a class means receiving one of the following grades for the class: A, B, C, D.

Students not meeting the SAP requirements for federal financial aid at the end of the spring term will not be eligible for any additional federal financial aid until the standards are met. Denial of aid under this policy may be appealed by the student, in writing, to the Director of Financial Aid within 30 days of notification that the student is no longer eligible for aid. Appeals will be considered for the following circumstances: the death of a relative of the student; an injury or illness to the student; or other special circumstances. A student's request must include information regarding why the student is not meeting the SAP standards and what factors have changed that will allow the student's academic progress to improve by the next evaluation.

Successful appeals will lead to one of two SAP statuses: Financial Probation or Eligible for Financial Aid. A student may be placed on 'Financial Probation' for the subsequent term if it is determined that he/she can regain eligibility after one term. A student may be found 'Eligible for Financial Aid' based on an academic plan that outlines future academic progress for the student as established by the Director of Financial Aid. The student will be notified of their SAP status based on the merits of the appeal. If the appeal is not granted, the student will be notified of the decision and will be financially responsible for their educational expenses.

The 1998 amendments to the Higher Education Act (HEA) of 1965 and subsequent regulations issued by the Department of Education (43 CFR 668.22) establish a policy for the return of Title IV grant and loan funds for a student who withdraws. Title IV grant and loan funds include the following programs: Federal Direct Loans, Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal Perkins Loan, Federal Work-Study, Federal PLUS Loans, and the Iraq and Afghanistan Service Grant.

The amount of Title IV funds the student earns, up to the withdrawal date, is based on a daily proration determined by dividing the total number of calendar days completed by the total number of calendar days in the semester (excluding breaks of five or more consecutive days). Adjustments must only be done up to and including the 60 percent point in time for the semester. After the 60 percent point in time, the student is considered to have earned all of the Title IV funds awarded for that semester.

Unearned Title IV funds must be returned to the Title IV programs. If the amount earned is greater than the amount that has been disbursed, the difference is treated as a late disbursement to the student. Unearned funds, up to the amount of total institutional charges (tuition, room, and board) multiplied by the unearned percentage of funds, are returned to the Title IV programs by the University of Richmond. The student must return any portion of unearned funds not returned by the school. For grants, regulations limit the amount a student must repay to the amount by which the original overpayment amount exceeds 50 percent of the total grant funds received by the student. Title IV loan funds that must be returned by the student are repaid per the loan terms. Unearned Title IV funds are returned to the Title IV programs in the following order: Unsubsidized Direct Stafford Loans, Subsidized Direct Stafford Loans, Perkins Loans, Direct PLUS Loans, Federal Pell Grants for which a return of funds is required, Federal Supplemental Educational Opportunity Grants for which a return of funds is required, and the Iraq and Afghanistan Service Grant for which a return of funds is required.

Non-Title IV financial aid will be adjusted for a withdrawing student based upon the University's refund policy. Adjustments will be made through the sixth week of classes. The amount to be returned to the non-Title IV financial aid program is the same percentage that will be refunded to the student for tuition and room charges. After the sixth week, the student is considered to have earned all of the non-Title IV aid. Non-Title IV financial aid funds are returned in the following order: institutional grants/scholarships, non-federal loans, agency scholarships.

Students who are receiving financial aid and who are planning to withdraw from the University during a semester are strongly encouraged to meet with a financial aid advisor to review the impact that their withdrawal will have on their institutional charges and on their financial aid for the semester.