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National Application Center :: campus tours :: Randolph-Macon College costs & financial aid

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Randolph-Macon College

Randolph-Macon College
P.O. Box 5005
Ashland, VA 23005-5505

Official telephone: (804) 752-7200
Toll-free telephone: (800) 888-1762
Fax number: (804) 752-7231
Website: www.rmc.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2015 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Mary Y. Neal,
Director of Financial Aid
Contacting the office: 804 752-7259
804 752-3719 (fax)
financial-aid@rmc.edu
FAFSA number: 003733

EXPENSES
Undergraduate tuition: $37,630; $37,630 out-of-state
Additional required fees: $1,000
Book fees: $1,100
Miscellaneous expenses: $1,500
Other expenses: Transportation and personal expenses.

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAFebruary 15noMarch 1
State Aid FormN/AnoJuly 31

Date award notification begins: March 1
Applied for financial aid:
94% of first-year students
90% of full-time undergraduates
68% of part-time undergraduates
Determined to have financial need:
81% of first-year students
83% of full-time undergraduates
80% of part-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
100% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
100% of first-year students
100% of full-time undergraduates
100% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
72% of first-year students
76% of full-time undergraduates
58% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
28% of first-year students
23% of full-time undergraduates
33% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
32% of first-year students
30% of full-time undergraduates
33% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
83% for first-year students
80% for full-time undergraduates
50% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$28,489 for first-year students
$27,486 for full-time undergraduates
$11,774 for part-time undergraduates
Average need-based gift award:
$24,571 for first-year students
$23,494 for full-time undergraduates
$10,703 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$5,418 for first-year students
$5,246 for full-time undergraduates
$1,835 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$5,015 for first-year students
$4,992 for full-time undergraduates
$1,835 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
24% of first-year students
25% of full-time undergraduates
32% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$18,471 for first-year students
$16,867 for full-time undergraduates
$5,465 for part-time undergraduates
Students who received a non-need-based athletic award:
0% of first-year students
0% of full-time undergraduates
0% of part-time undergraduates
Average non-need-based athletic award:
$0 for first-year students
$0 for full-time undergraduates
$0 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 100%

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • FFEL Subsidized Stafford Loans
  • FFEL Unsubsidized Stafford Loans
  • FFEL PLUS Loans
  • Federal Perkins Loans
Parent loans packaged to meet need: no
Percent of undergraduates who have borrowed through all loan programs: 77%
Average student debt upon graduation: $35,937
Types of payment plans:
  • Academic Management Services (AMS)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • ROTC scholarships
First-year scholarship/grant award range: $2,500 (full tuition)
Undergraduate scholarship/grant award range: $559 (full tuition)
Percent of scholarship aid awarded to out-of-state students: 99%

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