The first step to qualifying for need-based financial aid is filing the Free Application for Federal Student Aid (commonly known as the FAFSA). Based on the results of your FAFSA, you will be given information which the College will use to determine your eligibility for need-based financial aid.
Need-Based Aid and the FAFSA
How do I apply for need-based financial aid?
The Free Application for Federal Student Aid (FAFSA) is the only form required to apply for federal need-based financial aid. You can apply for this need-based aid by filing the FAFSA online, using our Federal Title IV code: 003733. It is completely free to file the FAFSA.
Prior to filing the FAFSA, you must first create a FSA ID. Both the student and at least one parent must have a FSA ID, which will be used as your legal signature when filing the FAFSA.
Based on the information you supply, the FAFSA will determine your Student Aid Index (SAI). Once we have the results of your FAFSA, Randolph-Macon College will use that information to prepare a financial aid award that will include any need-based aid we can offer.
Financial aid award letters are sent electronically beginning in December through RMC’s Student Status Portal for incoming students. FAFSA results (requests for need-based aid) received after the priority deadlines will be handled on a funds-available basis.
Priority Deadlines:
- New RMC Students – February 1
- Returning RMC Students – March 1
If you application for financial aid is selected by the Federal Processor for verification, you will need to submit certain required documents. Your FAFSA Submission Summary (FSS) lets us know if your record has been selected for verification. You will receive notice from us of the specific documents required.
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 this happen, please reach out to our team directly at financial-aid@rmc.edu or (804) 752-7259.