$4,498

Avg. Federal Grant

$5,562

Avg. Federal Loan

$17,481,701

Total Aid Awarded

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%.

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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