Virginia Commonwealth University (234030)

www.vcu.edu

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2023 Undergraduate Tuition

$12,850

3.03% growth from 2022

2023 Average Net Price

$22,852

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

93.1%

19,052 Applicants

2023 Enrolled Students

28,238

82.9% Full-Time

2023 Graduation Rate

65.4%

2,687 Graduates

About

Virginia Commonwealth University (234030) is a higher education institution located in Richmond city, VA. In 2023, the most popular Bachelors Degree concentrations at Virginia Commonwealth University (234030) were General Psychology (490 degrees awarded), General Biological Sciences (339 degrees), and Health Teacher Education (318 degrees).

In 2023, 7,409 degrees were awarded across all undergraduate and graduate programs at Virginia Commonwealth University (234030). 64.4% of these degrees were awarded to women, and 35.6% awarded men. The most common race/ethnicity group of degree recipients was white (3,492 degrees), 2.87 times more than then the next closest race/ethnicity group, black or african american (1,216 degrees).

The median undergraduate tuition at Virginia Commonwealth University (234030) is $12,850, which is $−18,153 less than the national average for Doctoral Universities ($31,004).

In 2020 the default rate for borrower's at Virginia Commonwealth University (234030) was 0%, corresponding to 0 out of the 6,163 total borrowers.

Photo by Tom Woodward

Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

In 2023, the median undergraduate tuition at Virginia Commonwealth University (234030) is $12,850, which is $18,154 less than the national average for Doctoral Universities ($31,004).

After taking grants and loans into account, the average net price for students is $22,852.

In 2023, 98% of undergraduate students attending Virginia Commonwealth University (234030) received financial aid through grants. Comparatively, 42% of undergraduate students received financial aid through loans.

Tuition Costs

$12,850

2023 Undergraduate Tuition

In 2023, the cost of tuition at Virginia Commonwealth University (234030) was $12,850. The cost of tuition at Virginia Commonwealth University (234030) is $−18,154 less than than the overall (public and private) national average for Doctoral Universities ($31,004).

This chart compares the tuition costs of Virginia Commonwealth University (234030) (in red) with those of other similar universities.

Average Net Price

$22,852

2023 Value

7.32%

1 Year Growth

In 2023 Virginia Commonwealth University (234030) had an average net price — the price paid after factoring in grants and loans — of $22,852. Between 2022 and 2023, the average net price of Virginia Commonwealth University (234030) grew by 7.32%.

This chart compares the average net price of Virginia Commonwealth University (234030) (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$12,505

Room and Board

$1,240

Books and Supplies

The average yearly cost of room and board at Virginia Commonwealth University (234030) was of $12,505 in 2023. The cost of room and board did not change between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,240. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Virginia Commonwealth University (234030) (in red) with that of similar universities.

Financial Aid by Income Level

98%

Undergraduates Receiving Financial Aid through Grants

42%

Undergraduates Receiving Financial Aid through Loans

98% of undergraduate students at Virginia Commonwealth University (234030) received financial aid through grants or loans in 2023. This represents a growth of 34.2% with respect to 2022, when 73% of undergraduate students received financial aid.

This chart compares the average award discount at Virginia Commonwealth University (234030) (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Virginia Commonwealth University (234030) was 0%, which represents 0 out of the 6163 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Virginia Commonwealth University (234030) received 19,052 undergraduate applications in 2023, which represents a 4.44% annual growth. Out of those 19,052 applicants, 17,729 students were accepted for enrollment, representing a 93.1% acceptance rate.

There were 28,238 students enrolled at Virginia Commonwealth University (234030) in 2023. 35% of first-time enrollees submitted SAT scores with their applications.

Virginia Commonwealth University (234030) has an overall enrollment yield of 25.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

93.1%

Acceptance Rate in 2023

17,729

Accepted Out of 19,052

In 2023, the undergraduate acceptance rate of Virginia Commonwealth University (234030) was 93.1% (17,729 admissions from 19,052 applications). This is higher than the acceptance rate of 2022, which was 91%. Between 2022 and 2023, the number of applicants grew by 4.44%, while admissions grew by 6.8%.

This chart compares the acceptance rate of Virginia Commonwealth University (234030) (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

35%

Submission Percentage (2023)

1,589

Scores Submitted (2023)

35% of enrolled first-time students at Virginia Commonwealth University (234030) in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Virginia Commonwealth University (234030) had a total enrollment of 28,238 students in 2023. The full-time enrollment at Virginia Commonwealth University (234030) is 23,412 students and the part-time enrollment is 4,826. This means that 82.9% of students enrolled at Virginia Commonwealth University (234030) are enrolled full-time.

The enrolled student population at Virginia Commonwealth University (234030), both undergraduate and graduate, is 42.3% White, 19.5% Black or African American, 13.1% Asian, 10.3% Hispanic or Latino, 6.96% Two or More Races, 0.195% American Indian or Alaska Native, and 0.117% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Virginia Commonwealth University (234030) in full-time Undergraduate programs are most commonly White Female (25%), followed by White Male (15.2%) and Black or African American Female (14.2%). Students enrolled in full-time Graduate programs are most commonly White Female (29.7%), followed by White Male (14.8%) and Black or African American Female (8.89%).

Full-Time vs Part-Time Enrollment

82.9%

Full-Time Enrollment

The total enrollment at Virginia Commonwealth University (234030) in 2023, both undergraduate and graduate, is 28,238 students. The full-time enrollment at Virginia Commonwealth University (234030) is 23,412 and the part-time enrollment is 4,826. This means that 82.9% of students enrolled at Virginia Commonwealth University (234030) are enrolled full-time compared with 77.9% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at Virginia Commonwealth University (234030) (in red) compares to similar universities.

Retention Rate over Time

86%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Virginia Commonwealth University (234030) was 86%. Compared with the full-time retention rate at similar Doctoral Universities (84%), Virginia Commonwealth University (234030) had a retention rate higher than its peers.

This chart shows the retention rate over time at Virginia Commonwealth University (234030) (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
11,938 enrolled students
Black or African American
5,498 enrolled students
Asian
3,709 enrolled students

The enrolled student population at Virginia Commonwealth University (234030) is 42.3% White, 19.5% Black or African American, 13.1% Asian, 10.3% Hispanic or Latino, 6.96% Two or More Races, 0.195% American Indian or Alaska Native, and 0.117% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 46.5% White, 15.9% Hispanic or Latino, and 9.78% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 1,111 students (3.93%) did not report their race.

Graduates

In 2023, 2,139 more women than men received degrees from Virginia Commonwealth University (234030). The most common race/ethnicity group of degree recipients at Virginia Commonwealth University (234030) is white (3,492 degrees awarded). There were 2.87 times more white recipients than the next closest race/ethnicity group, black or african american (1,216 degrees).

The most common Bachelor's Degree concentration at Virginia Commonwealth University (234030) is General Psychology (490 degrees awarded), followed by General Biological Sciences (339 degrees) and Health Teacher Education (318 degrees).

In 2023, the most specialized majors across all degree types at Virginia Commonwealth University (234030), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Public Administration and Social Service (481 degrees awarded), Visual & Performing Arts (644 degrees), and Cultural & Gender Studies (64 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Virginia Commonwealth University (234030) are Other managers (199,813 people), Social workers, all other (187,537 people), Elementary & middle school teachers (166,681 people), Police officers (145,991 people), and Graphic designers (96,925 people).

The most specialized majors at Virginia Commonwealth University (234030) in 2023 are Public Administration and Social Service (481 degrees awarded), Visual & Performing Arts (644 degrees), Cultural & Gender Studies (64 degrees), Protective Services (433 degrees), and Interdisciplinary Studies (375 degrees) (as of 2023).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Virginia Commonwealth University (234030) are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Virginia Commonwealth University (234030) are Public Administration and Social Service (481 degrees awarded), Visual & Performing Arts (644 degrees), Cultural & Gender Studies (64 degrees), Protective Services (433 degrees), and Interdisciplinary Studies (375 degrees) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Virginia Commonwealth University (234030) are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Virginia Commonwealth University (234030).

Most Common (2023)

General Psychology
490 degrees awarded
General Biological Sciences
339 degrees awarded
Health Teacher Education
318 degrees awarded

In 2023, the most common bachelors degree concentration at Virginia Commonwealth University (234030) was General Psychology with 490 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Virginia Commonwealth University (234030) according to their major.

Sex Breakdown for Common Majors

2,635

Degrees Awarded to Men

in 2023

4,774

Degrees Awarded to Women

in 2023

In 2023, 2,635 degrees were awarded to men at Virginia Commonwealth University (234030), which is 0.552 times less than the number of degrees awarded to females (4,774).

This chart displays the sex disparity between the top 5 majors at Virginia Commonwealth University (234030) by degrees awarded.

Most Common Male Majors

In 2023, 191 degrees were awarded to men at Virginia Commonwealth University (234030) in General Business, which is 1.14 times more than the 168 female recipients with that same degree.

Most Common Female Majors

In 2023, 408 degrees were awarded to men at Virginia Commonwealth University (234030) in General Psychology, which is 3.89 times more than the 105 male recipients with that same degree.

Time to Complete

48%

100% Completion Time

68%

150% Completion Time

In 2023, 48% of students graduating from Virginia Commonwealth University (234030) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 68% completed their degrees within 150% of the normal time, and 70% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (79.2%)

The student demographic with the highest graduation rate in 2023 at Virginia Commonwealth University (234030) is Female and Asian (79.2% graduation rate). Across all Doctoral Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 0.93% of graduates (25 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
3,492 degrees awarded
Black or African American
1,216 degrees awarded
Asian
960 degrees awarded

The most common race/ethnicity at Virginia Commonwealth University (234030) is white (3,492 degrees awarded). There were 2.87 times more white recipients than the next closest race/ethnicity group, black or african american (1,216 degrees).

3.14% of degree recipients (233 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
2,195 degrees awarded
White Male
1,297 degrees awarded
Black or African American Female
834 degrees awarded

The most common race/ethnicity and sex grouping at Virginia Commonwealth University (234030) is white female (2,195 degrees awarded). There were 1.69 times more white female recipients than the next closest race/ethnicity group, white male (1,297 degrees).

Operations

Virginia Commonwealth University (234030) has an endowment valued at nearly $2.58B, as of the end of the 2023 fiscal year. The return on its endowment was of 37.8M (1.46%) compared to the 4.37% average return (19M on 434M) across all Doctoral Universities.

In 2023, Virginia Commonwealth University (234030) had a total salary expenditure of 1.34B. Virginia Commonwealth University (234030) employs 484 Associate professors, 460 Assistant professors and 257 Professors. Most academics at Virginia Commonwealth University (234030) are Female Assistant professor (267), Female Associate professor (244), and Male Associate professor (240).

The most common positions for non-instructional staff at Virginia Commonwealth University (234030) are: Business and Financial Operations, with 749 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 585 employees, and Computer, Engineering, and Science with 470 employees.

Endowment

$2.58B

2023 Endowment

7.23%

growth from 2022

Virginia Commonwealth University (234030) has an endowment valued at about $2.58B, as of the end of the 2023 fiscal year. The endowment of Virginia Commonwealth University (234030) grew 7.23% from the previous year. The value of their endowment was $2.15B higher than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Virginia Commonwealth University (234030) (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Highest Research Activity Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$200M - Federal
$11.5M - State
$1.14M - Local

As of 2023, Virginia Commonwealth University (234030) received $200M in grants and contracts from the federal government, $11.5M from state grants and contracts, and $1.14M from local grants and contracts.

Salary Expenditure

$624M

2023 Salaries

8.76%

growth from 2022

In 2023, Virginia Commonwealth University (234030) paid a median of $624M in salaries, which represents 46.7% of their overall expenditure ($1.34B) and a 8.76% growth from the previous year. This is compared to a 6.88% growth between 2021 and 2022, and a 1.47% decline between 2020 and 2021.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

Instructional Salaries

$152M

Instructional Salaries

1,282

Number of Employees

In 2023, Virginia Commonwealth University (234030) paid a total of $152M to 1,282 employees working as instructors, which represents 24.3% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

Occupations by Share

Associate professor

Most Common Instructor

484 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

749 Employees

In 2023, the most common positions for instructional staff at Virginia Commonwealth University (234030) were Associate professor with 484 employees, Assistant professor with 460 employees, and Professor with 257 employees.

In 2023, the most common positions for non-instructional staff at Virginia Commonwealth University (234030) were Business and Financial Operations with 749 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 585 employees, and Computer, Engineering, and Science with 470 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Assistant professor
Female Associate professor
Male Associate professor

In 2023, the most common demographic for instructional staff at Virginia Commonwealth University (234030) was Female Assistant professor with 267 employees, Female Associate professor with 244 employees, and Male Associate professor with 240 employees.

This chart shows the sex split between each academic rank present at Virginia Commonwealth University (234030).

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