by our College Data Analytics TeamFinancial 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.
Interested in understanding the financial aid resources available at Randolph - Macon and your eligibility? Find the answers you seek below.
$30,524.00 is the typical Randolph - Macon College’s first year financial aid package. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Randolph - Macon College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers pertain to assistance that is supplied by Randolph - Macon College.
100% of new students (431 total) were given scholarships at Randolph - Macon College, averaging $26,796.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 22% of freshmen (94 total) received a federal grant, for about $4,963.00 a person.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 6.96% | $36,055.00 |
| Income 30k-48k | 6.50% | $36,482.00 |
| Income 48k-75k | 11.60% | $33,888.00 |
| Income 75k-110k | 12.06% | $30,632.00 |
| Income 110k + | 31.32% | $27,720.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
100% of the 431 undergraduates at Randolph - Macon College receive some sort of grant aid. This is a total of about 431 students getting an average of $30,524.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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