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This is an archived copy of the factbook. This factbook is retained for historical purposes and should not be consulted for current information. The most recent factbook can be found at the following address: http://www.rmc.edu/factbook.aspx
4. FINANCIAL AID
A. Average Fall 2003 need: $ 20,164
B. Number of Fall 2003 students with demonstrated need: 530
C. Percent of Fall 2003 need met: 85%
D. FALL 2003 STUDENTS RECEIVING AID BY SOURCE
| Source |
#Students |
% of FT |
#Need |
% of FT |
#NonNeed |
% of FT |
| R-MC |
855 |
0.78 |
510 |
0.47 |
345 |
0.32 |
| Federal |
665 |
0.61 |
514 |
0.47 |
151 |
0.14 |
| State |
698 |
0.64 |
364 |
0.33 |
334 |
0.31 |
| Private |
283 |
0.26 |
187 |
0.17 |
96 |
0.09 |
E. AID BY DOLLAR AND SOURCE FOR FALL 2003 (NEEDY AND NON-NEEDY)
| |
Total Dollar |
Need Dollar |
%Need |
NonNeed Dollar |
%NonNeed |
| R-MC |
$7,406,039 |
$4,433,138 |
0.6 |
$2,972,901 |
0.4 |
| Federal |
$6,255,211 |
$4,928,679 |
0.79 |
$1,326,532 |
0.21 |
| State |
$1,540,377 |
$810,587 |
0.53 |
$729,790 |
0.47 |
| Private |
$1,740,675 |
$1,132,485 |
0.65 |
$608,190 |
0.35 |
| Totals |
$16,942,302 |
$11,304,889 |
0.67 |
$5,637,413 |
0.33 |
| # Students Receiving aid from all sources |
$1,016 |
| % of Enrolled Degree Students |
93 |
F. Aid as percent of full tuition ($20,550): 84%.
G. Perkins Student Loan default rate is 12.4%
H. Stafford Student Loan default rate is 1.1%.
I. Randolph-Macon financial aid as percent of unrestricted
E & G budget as of 6/30/03 was $6,312,511/$24,334,218= 25.9%.
J. Randolph-Macon financial aid as percent of total
budget as of 6/30/03 was $6,312,511/$28,335,797 = 22.3%.