Financial Aid | R-MC Fact Book 2006 | RMC.edu

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 - $25,133

4. B. Number of Needy Students - 553

4. C. Percentage Need Met 86%

4. D. Students Receiving Aid By Source

FINANCIAL AID SOURCE	Total number of full-time students receiving aid	% of full-time students receiving aid	Number of full-time needy students	% of full-time students receiving need-based aid	Number of full-time non-needy students receiving aid	% of full-time students receiving non-need based aid
R-MC	1005	0.89	544	0.48	461	0.41
Federal	675	0.6	521	0.46	154	0.14
State	770	0.68	394	0.35	376	0.33
Private	339	0.3	242	0.21	97	0.09

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

SOURCE	TOTAL DOLLARS	NEED DOLLARS	% NEED	NON-NEED DOLLARS	% NON-NEED
R-MC	10,948,588	6,707,108	0.61	4,241,480	0.39
Federal	7,346,480	5,784,131	0.79	1.562,349	0.21
State	2,074,707	1,070,748	0.52	1,003,959	0.48
Private	2,463,755	1,507,190	0.61	956,565	0.39
TOTAL	22,833,530	15,069,177	0.66	7,764,353	0.34

Number of students receiving aid from all sources: 1089
Percent of enrolled degree students: 0.97
Average need based package: $21,709

4. F. Aid as percentage of Full Tuition $24,710 0.88

G. Perkins Loan Default Rate - 3.95

H. Stafford Loan Default Rate - 1.2

4. I. Randolph-Macon financial aid as a percent of unrestricted E & G expenses as of 6/30/06 was $9,775,141/$29,190,122 = 33.5%

4. J. Randolph-Macon financial aid as a percent of total operating expenses as of
6/30/06 was $9,775,141/$33,929,079 = 28.8%