R-MC: College Offices

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/

4. FINANCIAL AID

4. A. Average Fall 2004 need: $21,164

4. B. Number of Fall 2004 students with demonstrated need: 550

4. C. Percent of Fall 2004 need met: 0.86

4. D. Students receiving aid by source:

Source	#Students	% of FT	#Need	% of FT	#NonNeed	% of FT
R-MC	880	0.8	530	0.48	350	0.32
Federal	677	0.61	526	0.48	151	0.14
State	729	0.66	386	0.35	343	0.31
Private	321	0.29	198	0.18	123	0.11

4. E. AID BY DOLLAR AND SOURCE FOR FALL 2004 (needy and non-needy)

			Total	Need	%Need	NonNeed	%NonNeed
			Dollar	Dollar		Dollar
	R-MC		$ 8,261,253	$ 5,050,073	0.61	$3,211,180	0.39
	Federal		$ 7,065,172	$ 5,521,020	0.78	$1,544,152	0.22
	State		$ 1,820,801	$ 967,128	0.53	$ 853,673	0.47
	Private		$ 2,091,579	$ 1,270,069	0.61	$ 821,510	0.39
	Totals		$19,238,805	$12,808,290	0.67	$6,430,515	0.33
#Students Receiving aid from all sources				$ 1,042
% of Enrolled Degree Students				0.95
Average NeedBased Package			$ 18,904

4. F. AID AS PERCENTAGE OF FULL TUITION: $21,990: (86%)

4. G. Perkins Student Loan Default ratE: 12.9%

4. H. Stafford Student Loan Default rate: 0.9%

4. I. Randolph-Macon financial aid as a percent of unrestricted E & G expenses as of 6/30/04 was $7,704,849/$19,563,683= 39.4%.

4. J. Randolph-Macon financial aid as a percent of total Operating expenses as of 6/30/04 was $7,704,849/$26,198,806 = 29.4%.