What Financial Aid Programs are available to me?

Presidential Scholars Program and Dean's Award

Psychology classRandolph-Macon's signature academic scholarship program for new students is the Presidential Scholars Program. The program recognizes students who have demonstrated the highest levels of academic achievement and leadership.

Most awards range from $18,000 to $24,000 per year ($72,000 to $96,000 over four years) for students entering in fall 2017. Awards are renewable for up to a maximum of four years, provided the recipients maintain the required grade point average. Select, exceptionally strong candidates may be invited to compete for full-tuition awards.

The primary criterion for selection as a Presidential Scholar is academic achievement. We also consider leadership in school and the community, personal accomplishments or talents, and the personal interview with a member of the Randolph-Macon faculty. Most scholarship recipients will have a high school grade average of a A-/B+ (roughly 3.5) or above, competitive test scores (SAT above 1250 on the new SAT; ACT above 25), and be in the top 25% of their high school classes. However, all students are evaluated individually during the admission process for scholarship eligibility.

Students with solid academic performance in high school or college (but who do not qualify for our Presidential Scholars Program) and students who have demonstrated strong leadership while maintaining academic success may receive a Dean's Award. Dean's Awards range from $8,000 to $18,000 annually ($32,000 to $62,000 over four years), and are renewable each year (for a maximum of four years) if the student maintains satisfactory academic progress.

All applicants to Randolph-Macon College are automatically considered for a Presidential Scholarship or Dean's Award, but you should apply to the college no later than February 1. Eligible candidates will be invited to campus for an interview during one of our Scholarship Days in the spring semester. (Students who are unable to attend a Scholarship Day may arrange an interview on a different day or via Skype.) Award recipients may also qualify for other types of aid based on demonstrated need.

A. Purnell Bailey Pre-Ministerial Program for Ordained Ministry

Bailey Scholars 2015 group photoThe A. Purnell Bailey Pre-Ministerial Program for Ordained Ministry is designed to encourage students who express an interest in a Christian vocation. Scholarships are awarded to a limited number of selected students each year based on several criteria.

Students selected for this program receive half-tuition scholarships for the first two years and full-tuition scholarships for the next two years, mentoring, meetings and activities with other Bailey scholars, and assistance in fulfilling the requirements leading to ordination in the United Methodist Church or other Christian denominations. Two internship experiences are also required as part of the program's contextual approach to vocational discernment. To learn more about the Bailey Scholars program or to request an application, contact Emily French, Assistant Director of Admissions, or Kendra Grimes, Bailey Pre-Ministerial Program Director. This award cannot be combined with any other R-MC academic scholarship or the R-MC Pre-Ministerial Grant.

Dr. Paul H. Wornom Pre-Medicine Fellowship

Pre-Med panel

The $3 million gift from the estate of Dr. Wornom, a 1937 R-MC alumnus, provides pre-med scholarships to two incoming freshmen each year who have demonstrated an interest in pursuing a medical career by gaining medical or community service experience and who excel academically. Wornom Fellows are expected to complete the pre-requisite course work for medical school admission and apply to medical school. Wornom Fellows will have the opportunity to pursue research projects at R-MC, and will work closely with faculty members to develop a research project. They will also have access to and assistance in securing internship and shadowing opportunities, mentorship by a pre-med advisor throughout their college tenure, and assistance with a Medical College Admissions Test (MCAT) course.

Wornom Fellowships are extremely competitive; successful candidates will be among the top of their graduating high school class with exceptionally strong grades and course selection, as well as very competitive test scores (typically 1400 or above on SAT, or 31 or above on ACT).

Randolph-Macon Noyce Teacher-Scholar Program

The Randolph-Macon Noyce Teacher-Scholar Program is designed for students who are interested in pursuing a career as a high school chemistry, biology, or physics teacher after graduation. A four year, full-tuition scholarship is provided to students accepted into the program.  

Jackson Fellowships for Chemistry

The Jackson Fellowship awards scholarship ranging from $1,000 to $3,000 per year to students who plan to major in chemistry at Randolph-Macon College. Students are selected by the chemistry department based on their performance on a chemistry placement exam administered during a Presidential Scholarship interview day. To be eligible, a student must also be the recipient of a Presidential Scholarship; the Jackson Fellowship award will be in addition to the Presidential Scholarship award. Jackson Fellowships are renewable for up to four years, provided the student maintain the academic eligibility of their Presidential Scholarship and remain a chemistry major in good standing.

Robert Epes-Jones Scholarship for Classical Studies

The Robert Epes-Jones Scholarship is award to one or more incoming freshmen who plan to major in classical studies at Randolph-Macon College. Students are selected by the classical studies department based on their high school record and interest in classical studies and/or Latin. To be eligible, a student must also be the recipient of a Presidential Scholarship; the Epes-Jones Scholarship award will be in addition to the Presidential Scholarship award.

Army ROTC Scholarships

Randolph-Macon College offers Army ROTC through the Spider Battalion, headquartered at nearby University of Richmond. Scholarships for full tuition plus additional stipends are awarded by U.S. Army Cadet Command to applicants who have demonstrated their attributes as a scholar, athlete, and leader. ROTC Cadets pursue the academic major of their choice and take one Military Science and Leadership course each semester through a cross-enrollment agreement with the University of Richmond while training to become commissioned officers. Upon graduation they will serve as second lieutenants in the active duty Army, Army National Guard, or Army Reserve.

For more information, contact the University of Richmond, Department of Military Science at 804.287.6066 or visit online.

Private Scholarships

In addition to the scholarships offered by Randolph-Macon, students may be eligible for private scholarships. Search for private scholarships.

RaiseMe and Micro-Scholarships

Randolph-Macon College has partnered with RaiseMe, a social enterprise working in partnership with the former First Lady’s Reach Higher Initiative and over 275 colleges to expand access to higher education by improving the way students prepare for college—both financially and academically. Rather than waiting until the end of high school to award aid, which is often too late to impact a student's college ambitions or choices, RaiseMe enables students to earn grant aid throughout high school, starting as early as 9th grade, for doing all the things that best prepare them to succeed, whether that’s getting good grades, volunteering in the community or joining an extracurricular.

How it Works: The amount that students earn from a college on RaiseMe represents the minimum amount of institutional aid scholarship dollars they’ll receive if they apply and are admitted to that college. RaiseMe micro-scholarships are not stacked on top of other Randolph-Macon College merit scholarships (e.g. Presidential, Trustee's, or Dean's Awards), but, instead, included in the overall merit aid. If you are eligible for our other merit scholarships, you will receive the larger scholarship, which will satisfy your RaiseMe earnings.

Your admissions and financial aid counselors are happy to answer any additional questions about RaiseMe and their micro-scholarships. More information can also be found at RaiseMe. Start earning RaiseMe grant aid now!


Direct Student Loans, Direct Parent PLUS Loans and Private Loans are available to students and their parents to assist in meeting the cost of attendance.

Student Employment

Randolph-Macon offers both federal and college funded student employment opportunities. Students will be paid directly to help meet their living expenses.