Richmond is one of a few institutions in the U.S. with both a "need-blind" admission policy and a guarantee to meet 100 percent of demonstrated need for traditional undergraduate applicants. Thirty-seven percent of undergraduates are eligible for need-based aid, with an average need-based aid package of $57,600. Plus, all first-year applicants who apply by December 1st are considered for merit-based aid, including full tuition, housing, and food scholarships and a variety of interest-based programs.