Scholarships, Grants, and Loan Trends at RMWC

-1%

Received Percent Changed

-$1,151

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 579, which is 98.33 % of all undergraduate students. 415 students which is 70.44% of undergraduate students received federal student loans and the average loan amount is $7,104.

For full-time, first-time beginning students (freshmen), 100.00% of students received grants or scholarships and 81% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Randolph College since 2014.

For that period, the average number of students who received grants aid/scholarships is 579, which is 98.33 % of all undergraduate students. 415 students which is 70.44% of undergraduate students received federal student loans and the average loan amount is $7,104.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15655 (97%)$23,128196 (29%)$4,207434 (64%)$7,078
2015-16665 (99%)$23,701200 (30%)$4,387464 (69%)$6,927
2016-17651 (98%)$24,948206 (31%)$4,292463 (70%)$6,903
2017-18647 (98%)$27,020240 (36%)$4,319482 (73%)$6,701
2018-19589 (98%)$33,772220 (37%)$4,987437 (73%)$6,677
2019-20557 (99%)$30,861225 (40%)$4,880404 (72%)$6,870
2020-21508 (100%)$15,715196 (39%)$4,757480 (94%)$7,501
2021-22482 (100%)$26,899188 (39%)$4,886306 (63%)$6,961
2022-23460 (96%)$21,977194 (41%)$5,314269 (56%)$8,316
Average579 (98.33%)$25,336207 (35.78%)$4,670415 (70.44%)$7,104
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 166 (100.00 % of students) received grants or scholarships and its average amount is $25,530. It can cover 84.23% of tuition & fees ($30,310).

In addition, 134 (81.00 % of students) students get helped from the students loans (average amount : $7,471).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15191 (100%)$25,583162 (85%)$8,036
2015-16184 (100%)$25,141136 (74%)$7,504
2016-17187 (100%)$26,264135 (72%)$7,852
2017-18202 (100%)$28,282162 (80%)$7,514
2018-19166 (100%)$30,563125 (75%)$7,860
2019-20143 (100%)$33,461135 (94%)$7,919
2020-21137 (100%)$17,806120 (88%)$6,459
2021-22138 (100%)$19,688111 (80%)$6,329
2022-23147 (100%)$22,982119 (81%)$7,766
Average166 (100.00%)$25,530134 (81.00%)$7,471
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 65 (40.00 % of students) received Pell (federal) grants and its average amount is $4,825.

In addition, 119 students received State/local government grants/scholarships (72.22 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1553 (28%)$4,18836 (19%)$2,986123 (64%)$3,403191 (100%)$21,666
2015-1659 (32%)$4,53116 (9%)$1,678124 (67%)$2,925184 (100%)$21,571
2016-1766 (35%)$4,40424 (13%)$1,642125 (67%)$3,009187 (100%)$22,487
2017-1890 (45%)$4,33710 (5%)$1,450151 (75%)$3,081202 (100%)$23,975
2018-1969 (42%)$5,03217 (10%)$1,447121 (73%)$3,089166 (100%)$26,072
2019-2054 (38%)$4,81454 (38%)$1,592110 (77%)$3,314143 (100%)$28,493
2020-2157 (42%)$4,68138 (28%)$2,954102 (74%)$3,624137 (100%)$12,341
2021-2266 (48%)$6,04641 (30%)$2,026106 (77%)$3,594138 (100%)$13,434
2022-2374 (50%)$5,39162 (42%)$3,313111 (76%)$4,518147 (100%)$15,460
Average65 (40.00%)$4,82533 (21.56%)$2,121119 (72.22%)$3,395166 (100.00%)$20,611
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 134 (81.00 % of students) get any students loan help and its average loan amount is $134.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15162 (85%)$8,036161 (84%)$5,89026 (14%)$13,599
2015-16136 (74%)$7,504133 (72%)$5,38722 (12%)$13,819
2016-17135 (72%)$7,852132 (71%)$5,46726 (14%)$13,014
2017-18162 (80%)$7,514161 (80%)$5,56226 (13%)$12,374
2018-19125 (75%)$7,860124 (75%)$5,59927 (16%)$10,675
2019-20135 (94%)$7,91996 (67%)$5,65149 (34%)$10,747
2020-21120 (88%)$6,459119 (87%)$5,57714 (10%)$7,959
2021-22111 (80%)$6,32991 (66%)$5,87320 (14%)$8,406
2022-23119 (81%)$7,766119 (81%)$5,80826 (18%)$8,960
Average134 (81.00%)$7,471126 (75.89%)$5,64626 (16.11%)$11,061

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