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Washington and Lee University
Washington and Lee University, founded in 1749, carries the names of two of the most consequential figures in American history — George Washington, whose 1796 stock gift saved the financially struggling school and prompted its renaming, and Robert E. Lee, who served as the university's president after the Civil War and is buried in a chapel on campus that still bears his name. The university's student-run Honor System, in which violations can result in expulsion decided entirely by a student-elected panel, is considered one of the strictest and most fully student-governed honor codes among American colleges, giving W&L students an unusually high degree of self-governance over academic and social conduct. W&L's undergraduate business program, the Williams School, is one of the only accredited undergraduate business programs housed within a nationally ranked liberal arts college, giving students access to a pre-professional business curriculum alongside the broader liberal arts education the university is otherwise built around. The university's small size, fewer than 2,000 undergraduates, combined with its historic Lexington, Virginia campus and its consistently top-ranked national liberal arts college status, has made W&L a distinctive choice for students seeking elite liberal arts academics paired with a genuine undergraduate business degree option.
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University of Richmond
The University of Richmond, founded in 1830, maintains one of the largest endowments per student of any university in the country, a financial position that lets the school fund need-blind admission and full-need financial aid at a scale unusual for a university of its relatively modest national name recognition. The Robins School of Business and the Jepson School of Leadership Studies, the first freestanding undergraduate school of leadership studies in the country when it was founded in 1992, have each built distinctive academic reputations that set Richmond apart from other mid-sized private universities in the region. The university's wooded, lake-centered suburban campus, combined with a deliberately small undergraduate enrollment of around 4,000 students split across several distinct schools, gives Richmond a liberal-arts-college feel while still offering the professional-school breadth more typical of a larger university. Richmond's combination of substantial financial resources, a genuinely distinctive leadership studies program, and a small, cohesive undergraduate community has made it a consistent draw for students seeking a smaller, well-funded alternative to the state's larger public flagship universities.
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