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Randolph-Macon Combines Quality and Affordability
Choosing a college means finding your own niche, that place that suits you best and that meets your academic, social, and personal needs. College costs might be a factor at the end of the selection process, but don't let the sticker price stop you from considering a college that might suit you perfectly. With the wide range of scholarship and financial aid options available, a Randolph-Macon Education can be surprisingly affordable. Check out these numbers to date from 2012-2013:
- 99% of our students received some form of financial aid, totaling over $39,600,000 from all sources, including $22,100,000 of the college's own money.
- 62% received awards based on financial need with an average award package of $24,474 (not including loans used to replace family contribution).
- 99% received non-need based scholarships or grants averaging more than $15,000 and 51% of this year's entering students received renewable academic scholarships ranging from $13,000 - $20,000.
- Tax Incentives - There's great news for parents and students: the federal government provides a number of tax incentives that can help defray some of the cost of higher education. These incentives come in a couple of forms: Tax Credits, which directly reduce the amount of tax you are liable for; and Tax Deductions, which reduce the amount of income on which you pay taxes. Check the NASFAA website or talk with your tax preparer for more details.
- Student employment opportunities are available on and off campus.
- Monthly payment plans and other parent financing options are also available.
For more information about financial aid, please visit the links on this page, call us at 804-752-7259, or e-mail us at
financial-aid@rmc.edu.