Randolph College

Usually, colleges raise tuition about 3% each year.

If this information makes going to college sound impossible, remember, the advertized cost of tuition doesn't always tell the full story. Many students pay much less than the sticker price after grants, scholarships, and tuition discounts kick in. Plus, student loans can make thecost of college feel more doable until you're done with college.

Randolph College meets 77.22% of the demonstrated financial need for undergraduates. First-year students that attend Randolph College full-time are awarded $26,626 a year in financial aid, on average.

The average student debt for graduates in the class of 2023 was around $12,478 per student, not including those with no debt.

Does Randolph College Offer In-State and Out-of-State Tuition?

Randolph College is a private, religious institution, which means it has the same tuition for residents of Virginia as it does for residents from other states.

Public schools receive funds from the state to help them cover costs. Public insitutions often offer reduced tuition for students who are residents of that state.

Choosing an insitution where you qualify for the reduced tuition offered to state residentscan save students a lot of money on the overall cost of college. Be sure to check your state's rules for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be other criteria as well, depending on where you live.

Explore other Virginia colleges

Randolph College International Student Tuition

Randolph College has the same tuition for international students as for those from out of state.

Students from outside of the U.S. are not eligible for loans or grants from the U.S. government, but should research private or Randolph College-specific grants, scholarships, and other funding opportunities. International students with need may be eligible for the following types of financial support at Randolph College:

•On-campus jobs •Randolph College-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships.

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Randolph College Living Expenses, Fees, and More

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In addition to tuition, room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Randolph College.

Room and Board Costs at Randolph College

Board costs may vary depending on how many meals are included in the plan you choose.

Cost of Books at Randolph College

The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.

Yearly Fees

Most schools charge some yearly fees to help cover the cost of facilties, like the library, gym and computer labs.

Keep in mind, there could also be other costs associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools have ways for students with demonstrated need to get help covering these fees.

The Cost of Transportation at Randolph College

The cost of transportation in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you plan to bring a car or will you need to use public transportation? All of these factors can drastically impact your transportation budget. At Randolph College, freshman are allowed to park on campus.

Where are a college is located can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area might be costly, but cities may offer more buses, trains and affordable flights to actually get to school. Randolph Collegeis located in a suburb in Virginia.

Other Costs

When you're planning for college, be sure to factor in personal expenses, like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.

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The Full Cost of Attending Randolph College

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Now, let’s look at the breakdown of all expenses, to get a better estimate of the actual cost of attending Randolph College.

How Much Does Randolph College Cost?

What will the cost of attending Randolph College be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Tuition and fees may vary depending on program, course level, location, and more.

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Randolph College Financial Aid

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The majority of Randolph College undergrads use financial aid to to cover the cost of tuition. In 2023, 345 of the 482 undergrads enrolled received financial aid. Randolph College meets 77.22% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $26,626 a year. Around 82% of Randolph College undergrads take out student loans to cover any remaining costs. Randolph College graduates who have student loans graduate with an average of $12,478 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$12,429
State Loans	$10,000
Randolph College-Specific Loans	$7,800
Private Loans	$16,330

Most Common Loans for Randolph College Students
Federal Loans	70%
State loans	1%
Institutional Loans	5%
Private loans	7%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Randolph College financial aid, keep reading, or visit their financial aid website.

Scholarships at Randolph College

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Randolph College awarded 345 need-based scholarships to students, giving away total of $7.4 million to help students with financial need cover the cost of school. An additional $2.45 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Randolph College Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Randolph College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Randolph College was $26,626 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Randolph College seem more manageable.

What will attending Randolph College really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Randolph College's net cost calculator on their website.

Randolph College Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Does Lynchburg Randolph Offer Tuition Waivers?

Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.

Check the financial aid website for more information on payment plans and tuition waivers.

Randolph College's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Randolph College's endowment was $145.7 million. The average college endowment was $905 million in 2021. The school spends $22,239 for each full-time student enrolled.

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Learn More About Randolph College

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

Overview

Student Life

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Admissions

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