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.aspx

4. FINANCIAL AID

4. A. Average Need - $23,159

4. B. Number of Needy Students -548

4. C. Percentage Need Met 0.84

4. D. Students Receiving Aid By Source

Source	# Students	% of FT	#Need	% of FT	#NonNeed	% of FT
R-MC	928	0.85	528	0.48	400	0.36
Federal	658	0.6	509	0.46	149	0.14
State	723	0.66	374	0.34	349	0.32
Private	339	0.31	218	0.2	121	0.11

4. E. Aid By Dollar and Source(Needy and Non-Needy)

	Total Dollar	Need Dollar	% Need	NonNeed Dollar	% NonNeed
R-MC	$ 9,328,017	$ 5,734,504	0.61	$3,593,513	0.39
Federal	$ 7,313,906	$ 5,658,966	0.77	$1,654,940	0.23
State	$ 1,836,120	$ 970,620	0.53	$ 865,500	0.47
Private	$ 2,004,329	$ 1,336,954	0.67	$ 667,375	0.33
Totals	$20,482,372	$13,701,044	0.67	$6,781,328	0.33

#Students Receiving aid from all sources 1044
% of Enrolled Degree Students 0.95
Average NeedBased Package $19,387

4. F. Aid as percentage of Full Tuition $23,310 (0.83)

G. Perkins Loan Default Rate - 5.83

H. Stafford Loan Default Rate - 1.3

4. I. Randolph-Macon financial aid as a percent of unrestricted
E & G expenses as of 6/30/05 was $8,688,626 / $27,238,317 = 31.9%.

4. J. Randolph-Macon financial aid as a percent of total
Operating expenses as of 6/30/05 was $8,688,626 / $31,470,660 = 27.6%.