by our College Data Analytics TeamMany students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Randall University can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financing options does Randall offer you, and what will you qualify for? Keep scrolling for more information. Scroll down to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Randall University.
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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Randall University, 100% of the incoming full-time class was awarded financial aid roughly 52 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,558 |
| Institutional grants & scholarships | 98% | $3,339 |
| Federal Pell grants | 56% | $3,060 |
| State/local grants | 44% | $3,387 |
| Federal student loans | 29% | $5,762 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, roughly 47% of undergraduate students received gift aid averaging $14,239 (among about 132 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $14,239 |
| Federal Pell grants | 37% | $2,998 |
| Federal student loans | 28% | $3,657 |
Title-IV recipients living on campus saw average grant aid of $9,743.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,574 |
| $30,001 – $75,000 | $11,968 |
| Over $75,000 | $21,371 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,383 |
| Off-campus title-IV students | $16,474 |
To project your own net price, use Randall’s net price calculator: ru.edu/current-students/financial-information/calculator/.
A typical borrower at Randall leaves with $13,250 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,250 |
| Median federal debt (graduates only) | $22,626 |
| Typical 10-year monthly payment (graduates) | $239.87/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Randall.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,250 |
| 75th percentile | $17,250 |
| 90th percentile (highest-debt students) | $25,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $14,250 |
| Middle income | $14,671 |
| High income | $9,819 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,841 |
| Continuing-generation students | $8,184 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,250 |
| Independent students | $14,824 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Randall.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Randall:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1304 |
| Total Stafford loan amount | $20,026,736 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $28,460 |
| Average GI Bill amount per recipient | $14,230 |
References
More about our data sources and methodologies.