OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Randolph College Financial Aid and Scholarships 2022

Located in Lynchburg, VA, Randolph College is a private university. Randolph College occupies a total area of about 100 acres. The foundation of Randolph College was laid down in the year 1891. The motto of the Randolph College is Vita Abundantior and its official colors are black and yellow. Out of total 684 students enrolled at RC, 663 belong to undergraduate courses while 21 are postgraduate students. The school has an academic staff of 72 who teach various courses to the students. Around

$4,498

Avg. Federal Grant

$5,562

Avg. Federal Loan

$17,481,701

Total Aid Awarded

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Randolph College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$17.482M

Financial Aid Official Website

www.randolphcollege.edu/financialaid/

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,917,949. For additional information about financial assistance schemes, one can head over to RC’s financial aid page at http://www.randolphcollege.edu/financialaid/. At RC, the total percentage of applicants who receive the Federal Grant stands at 42%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 42% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,389, while the same comes to $3,089 for State Grant receivers and $26,072 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,987. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $29,484 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $28,454, while those falling in the $48,001-$75,000 income category get $26,452 a year. On the other hand, the average federal aid stands at $25,884 for those with an annual family income between $75,001 and $110,000, and at $24,230 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Randolph College, the percentage of candidates who opt to avail of student loans is around 75%.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

75%

Institution Grant Aid

100%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$4,498

State Grant Aid

$3,081

Institution Grant Aid

$23,975

Pell Grant

$4,337

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$34,399

$30,001 - $48,000

$33,860

$48,001 - $75,000

$30,038

$75,001 - $110,000

$28,821

Over $110,000

$25,662

Student Loans for Randolph College

Average Loan Amount Average Loan Amount received per year.

$7,514/Year

Students Taking Out Loans

80%

Loan Default Rate

5.8%

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Randolph College Financial Aid and Scholarships

Financial Aid Breakdown

Federal Aid based on Family Income

Student Loans for Randolph College

Other Colleges In Virginia

Other Colleges In Lynchburg

Other Private not-for-profit Colleges

Online Education at Saint Leo University

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