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Need Based Aid
The Free Application for Federal Student Aid (FAFSA) is the only form required to apply for financial aid.
Apply online by visiting the following web page: http://www.fafsa.ed.gov/
Our Federal Title IV Code is 003733
Register for the PIN at http://www.pin.ed.gov/PINWebApp/pinindex.jsp to sign your FAFSA online
Both the student and at least one parent must have a PIN and sign the FAFSA
There is no cost for submitting this form online. It must not be submitted earlier than January 1. Based on the information you supply, the FAFSA will determine your Expected Family Contribution (EFC).
Once we have the results of your FAFSA, a financial aid package can be prepared and offered. Financial aid award letters are mailed in late March for entering students and in mid June for returning students. FAFSA results (requests for financial aid) received after the deadlines (March 1 - entering students; May 1 - returning students) will be handled on a funds-available basis.
If your application for financial aid is selected by the Federal Processor for verification, you will need to submit certain required documents. Your FAFSA Student Aid Report (SAR) lets you know if your record has been selected for verification. You will receive notice from us of the specific documents required.
To learn more about the financial aid process, visit www.college.gov; or feel free to contact us.
Re-evaluation of Need-based Aid
The Financial Aid Office recognizes that some families experience changes that are not reflected on the Free Application for Federal Student Aid (FAFSA). Should you wish the Financial Aid Office to re-review your request for financial aid you must complete our 2013-2014 Re-evaluation of Financial Aid form for the academic year beginning Fall 2013 or the 2012-13 Re-evaluation of Financial Aid form for the current academic year. You also must submit all relevant documentation along with the form. We will not review your re-evaluation without your FAFSA results.
Non-Need Based Aid
Academic Scholarships and Grants
All students who are accepted for admission to Randolph-Macon are automatically considered for academic scholarships and grants. Students are notified in their acceptance letter if they receive one of these awards. There are three levels of academic awards:
- Presidential Scholars Program and Dean's Award - for entering freshmen students with especially strong academic records are invited into our Presidential Scholars Program or Dean's Award. These awards range from $13,500 to $21,000 annually for students entering in 2013- 2014. Qualifications and details are listed on our Scholarships page.
- Achievement Grants - for entering freshmen students with good academic performance in high school or college, but do not qualify for our Presidential Scholars Program, may receive an Achievement Grant ranging from $5,000 to $11,500 for students entering in 2013-2014.
- Scholarships for Transfer Students are available for qualified students, these awards range from $11,500 - $15,500 for students entering in Fall 2013.
Virginia Tuition Assistance Grant (TAG)
The Virginia Tuition Assistance Grant (TAG) application must be submitted to the Financial Aid office by July 31 for priority funding. Applications received after this date will be funded by the State Council of Higher Education of Virginia (SCHEV) on a funds-available basis only. For 2012-2013, the award is $2,800.
R-MC Entitlement Grants
You must submit the R-MC Entitlement Eligibility Form, which is located in the Financial Aid Forms Bank.
We understand that the Financial Aid portion of the college admissions process is often the most perplexing and misunderstood. If there is anything we can do to make it easier, please give our financial aid office a call at 1-804-752-7259 or e-mail us at financial-aid@rmc.edu.