Randolph-Macon College

In 2022, tuition for full-time students at Randolph-Macon College was $46,278 a year.

Tuition increased 3% in 2023–from $44,930 the previous year. On average, college tuition goes up about 3% every year.

If this makes attending the college of your dreams seem daunting, remember, the "sticker price" of tuition doesn't always give you enough information to determine the actual cost of attending any given college. Many students find the actual cost of college is much less than the sticker price after grants, scholarships, and tuition discounts are applied. And, student loans can make thecost of college feel more doable until you're done with college.

Randolph-Macon College meets 75.3% of the demonstrated financial need for undergraduates. First-year students that attend Randolph-Macon College full-time are awarded $33,692 a year in financial aid, on average.

Students in the class of 2023 who had taken out student loans graduated with an average of $33,213 of debt.

Randolph-Macon College: In-state vs. Out-of-State Tuition

Randolph-Macon College is a private, religious institution, which means it has the same tuition for residents of Virginia as it does for residents from other states.

Public schools receive funds from the state to help them cover costs. These institutions offer a lower cost of attendance for students who are residents of that state.

Choosing a school where you are eligible for the reduced tuition offered to state residentscan drastically reduce the total cost of attending college. Don't forget to confirm your state's rules for in-state residency. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements too, depending on the state you and your parents currently live in.

Explore other Virginia colleges

Randolph-Macon College International Student Tuition

Tuition at Randolph-Macon College is the same for all students.

International students are not eligible for federal financial aid, but should research private or Randolph-Macon College-specific grants, scholarships, and other funding opportunities.

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Randolph-Macon College Room, Board, Fees, and More

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Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at Randolph-Macon College.

Room and Board Costs at Randolph-Macon College

Housing and campus dining at Randolph-Macon College costs $14,630 a year. This number covers the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat all or some of your meals the Randolph-Macon College's on-campus cafeterias and dining facilities. Students who live off campus but would like to be able to eat in the campus dining can pay for a meal plan. The cost of a mean plan, or board-only, is $6,160.

Meal-plan costs may vary depending on the number of meals you intend to eat on-campus

How Much Do Books Cost at Randolph-Macon College?

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy used textbooks and materials.

Yearly Fees

Most schools charge some yearly fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.

There may be optional fees associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools have resources for students who may struggle to participate because of cost can get help covering these fees.

Transportation costs

The cost of transportation in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you plan to bring a car or will you need to use public transportation? All of these questions can make a big difference in your transportation budget. At Randolph-Macon College, freshman are allowed to park on campus.

The location of a college or university can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city may be pricey, but cities may offer more trains, busses and low-cost flight options to actually get to school. Randolph-Macon Collegeis in a suburb in Virginia, not far from Richmond.

Other Costs

When you're planning for college, don’t forget to consider personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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The Full Cost of Attending Randolph-Macon College

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Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of how much students can expect to shell out for Randolph-Macon College.

Total Cost of Randolph-Macon College

What will the cost of attending Randolph-Macon College be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$46,278
Room and Board	$14,630
Board Only	$6,154
Other expenses	$900

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$63,532
Off-Campus	$55,056

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

Randolph-Macon College’s tuition and fees change based on: •Academic program for both full and part-time students •Course load for both full and part-time students

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Financial Aid at Randolph-Macon College

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The majority of Randolph-Macon College undergrads use financial aid to finance their education. In 2023, 994 of the 1,498 undergrads enrolled received financial aid. Randolph-Macon College meets 75.3% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $33,692 a year. Around 62.93% of Randolph-Macon College undergrads take out student loans to cover any remaining costs. Randolph-Macon College graduates who have student loans graduate with an average of $33,213 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$24,226
Private Loans	$34,305

Most Common Loans for Randolph-Macon College Students
Federal Loans	61.22%
Private loans	17.69%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Randolph-Macon College financial aid, keep reading, or visit their financial aid website.

Scholarships at Randolph-Macon College

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Randolph-Macon College awarded 994 need-based scholarships to students, giving away total of $35 million to help students with financial need cover the cost of school. An additional $13.92 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of Randolph-Macon College

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Randolph-Macon College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Randolph-Macon College was $33,692 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Randolph-Macon College seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$29,840
Off-Campus	$21,364

What will attending Randolph-Macon College really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Randolph-Macon College's net cost calculator on their website.

Randolph-Macon College Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Randolph-Macon College does not have guaranteed tuition.

Randolph-Macon College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Randolph-Macon College Tuition Waivers

Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.

Randolph-Macon College has some full or partial tuition waivers available for: - Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

Randolph-Macon College's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Randolph-Macon College's endowment was $203.2 million. The average college endowment was $905 million in 2021.

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Learn More About Randolph-Macon College

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