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Randolph-Macon College Tuition and Fees

Located in Ashland, VA, Randolph-Macon College is a private, United Methodist university. Taking into account all the courses offered at Randolph-Macon College, the total enrolment stands at 1,543. The school has a total of 140 academic staff. These faculty teach different courses to the students. Speaking of gender distribution, there are around 53% of the students who are females and 47% are males at Randolph-Macon College. At RMC, around 98% of the students are 24 and under. Some of the no

$40,000

Tuition

$55,860

Cost of Attendance

$27,275

Net Price

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Randolph-Macon College Tuition and Fees

Randolph-Macon College is a prominent educational institution known for offering a range of undergraduate programs in a wide assortment of streams, providing quality training to students. The tuition fees charged at RMC is quite moderate compared to the expense of education at most institutions. The average annual cost for students opting to pursue undergraduate programs at the college is estimated to be around $42,550, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. The housing costs $12,220, books and supplies cost $1,200, while the other expenses add up to $1,500.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$41,300	$41,300
Book & Supplies	$1,200	$1,200
Room & Board cost	$11,860	$11,860
Other Expenses	$1,500	$1,500
Total Cost of Attendance	$55,860	$55,860

Coming to the cost of attendance, students need to understand that the tuition fee is just a single aspect of the expenses that come under the overall cost of attending the university. They must plan for several other expenses that accompany the cost of attendance such as lodging, dining, textbooks, supplies, and the cost of living, among others. For students attending the university, the total tuition and fees for one year add up to about $42,550. Apart from that, they should also pay an average amount of $1,200 toward books and supplies, $11,619 for room and boarding charges, and $1,500 toward other expenses in a year. So, the overall cost of attending RMC comes out to be about $56,869 per year, according to the most recent information available.

Average Net Price by Family Income

Net Price

$27,275

Family Income

Avg. Net Price

$0 to $30,000

$21,586

$30,001 to $48,000

$19,470

$48,001 to $75,000

$22,869

$75,001 to $110,000

$28,413

$110,000+

$29,430

The net cost of attending Randolph-Macon College – the actual amount that students and their families are required to pay in a given year – varies depending on the candidate's annual family income. Usually, the individuals who have a higher family income will be required to pay a higher net amount, too. Simply put, the family income of the candidate is a key factor in determining the net amount. At RMC, the average net price is estimated to be $27,429. Candidates whose annual family income is less than $30,000 will have to pay a net amount of $23,012. For the individuals whose income is somewhere between $30,001 and $48,000, the amount comes to $20,105. On the other hand, an estimated net cost of $21,529 is charged for the $48,001-$75,000 income bracket, $26,389 for the $75,001-$110,000 income category, and $30,076 for an annual family income more than $110,000.

Student Loans

Example Loans

$94,356

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$979

Total interest paid

$23,149

Sum of Loan Payments

$117,505

To have a realistic understanding of how much it will cost to study at Randolph-Macon College here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $94,356 for example. This will result in a $11,751 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $117,505 which is $23,149 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$41,300	$41,300
Room & Board Cost	$11,860	$11,860
Total Tuition & Fees	$53,160	$53,160

For students pursuing undergraduate courses at Randolph-Macon College, the tuition and fees are estimated to be $42,550 per year. Alongside that, they will likewise need to shell out around $11,619 toward their room and boarding charges. Accordingly, the overall cost for undergraduate students at the college totals about $56,869 per year, based on the available data.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	N/A
Undergraduate	2018 - 2019	$1,484

The graduate and undergraduate courses have a varying cost per credit hour – which is the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend RMC. The students, who enroll for graduate courses, will have to bear a cost per credit hour of $327. Also, Randolph-Macon College currently offers a number of online courses to students across 37 different majors.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$11,860	$10,790
Other Expense	$1,500	$1,500
Book & Supplies	$1,200	$1,200

Now, coming to the lodging and related expenses at RMC, the actual amount to be paid varies based on whether the candidate opts to live on-campus or off-campus. The on-campus logding facilities cost $13,720 per year, while students have to pay $12,518 a year for off-campus housing. The room and boarding charges for on-campus students come to around $12,220, while the off-campus candidates would need to pay $11,018. On the other hand, the charges toward books and supplies come to around $1,200. Apart from these, the other expenses that a candidate needs to plan for add up to around $1,500.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$11,860

Off Campus

$10,790

Housing & Other Expenses

Other Expenses

On Campus

$1,500

Off Campus

$1,500

Housing & Other Expenses

Book & Supplies

On Campus

$1,200

Off Campus

$1,200

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at RMC are projected to cost around $286,215 as per official data. To note, the total expenses for undergraduate students stood at $27,429 for 2018-2019, $27,275 for 2017-2018, and $26,575 for 2016-2017.

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