by our College Data Analytics TeamA large number of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Randolph Technical Center can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financing solutions does RTC deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep scrolling to learn how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Randolph Technical Center.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Randolph Technical Center, 82% of entering full-time freshmen got some type of financial assistance some 9 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $2,659 |
| Institutional grants & scholarships | 18% | $1,000 |
| Federal Pell grants | 55% | $3,212 |
| State/local grants | 0% | — |
| Federal student loans | 0% | — |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, roughly 79% of undergrads got grants or scholarships worth on average $3,445 (covering around 22 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $3,445 |
| Federal Pell grants | 64% | $3,929 |
| Federal student loans | 0% | — |
For on-campus title-IV students, average grant aid came to $3,212.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $9,867 |
| $30,001 – $75,000 | $11,461 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $10,062 |
| Off-campus title-IV students | $9,867 |
To project your own net price, use RTC’s net price tool: rtc.rand.k12.wv.us/lpnpricecalculator.html.
These indicators are derived from the underlying debt data and summarize the overall picture at RTC.
References
More about our data sources and methodologies.