$4,398

Avg. Federal Grant

$5,379

Avg. Federal Loan

$2,825,537

Total Aid Awarded

Randall University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$2.826M

Financial Aid Official Website

https://hc.vfao.com/default.aspx

Notably, 96% of the students at Randall University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,223,032. More information regarding the financial assistance schemes can be accessed on RU’s official financial aid page at https://hc.vfao.com/default.aspx. Notably, a total of 47% of the applicants to Randall University receive the Federal Grant every year. On the other hand, 95% of the candidates get the Student Grant, 94% receive the Institution Grant, and 47% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,759, and the same stands at $4,117 for State Grant awardees and $6,021 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,100. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $11,280 per year. The average aid amount stands at $10,544 for an annual family income between $30,001 and $48,000. This amount comes to $7,423 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $4,286 for those with an annual family income between $75,001 and $110,000, and at $4,067 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Randall University, the percentage of candidates who opt to avail of student loans is around 65%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

22%

Institution Grant Aid

86%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,398

State Grant Aid

$4,286

Institution Grant Aid

$4,820

Pell Grant

$4,324

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,970

$30,001 - $48,000

$11,347

$48,001 - $75,000

$7,192

$75,001 - $110,000

$4,362

Over $110,000

$3,721

Student Loans for Randall University

Average Loan Amount Average Loan Amount received per year.

$5,558/Year

Students Taking Out Loans

66%

Loan Default Rate

12.5%