Randall University Financial Aid and Scholarships
Students Receiving Aid
93%
Total Aid Amount
$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%.
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