In 2022, tuition for full-time students at Randolph College was $27,270 a year.
In 2022, tuition increased 3.89%–from $26,250 the previous year. On average, college tuition goes up about 3% every year.
Remember, the "sticker price" of tuition doesn't always tell the full story. Many students find the actual cost of college is far less than the total tuition after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make theprice of collegefeel more doable until you're done with college.
Randolph College is a private, religious institution, so it has the same tuition for residents of Virginia as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state status can cut the cost of college tuition. Be sure to confirm your state's eligibility criteria for as an in-state resident. Every state has its own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria as well, depending on the state you and your parents currently live in.
Explore other Virginia colleges
Lynchburg Randolph 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 federal financial aid, but may be eligible for private or Lynchburg Randolph-specific aid and scholarships. International students with need may qualify for the following types of financial support at Lynchburg Randolph:
•On-campus jobs •Lynchburg Randolph-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to the cost of tuition, room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at Lynchburg Randolph.
Room and board at Lynchburg Randolph is $11,430 a year. This number covers the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat in the school dining facilities.
Board costs vary based on on how many meals are included in the plan you choose.
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. 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 books from students who have already taken the course.
Most schools also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.
There may be additional fees associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Many schools have ways for students with financial need to get help covering these fees.
The cost of transportation in college can really vary. 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 small enough that you can easily walk from class-to-class?? Do you own a car, or will you need to use busses, subways, or other modes of transportation? All of these questions can drastically impact your transportation budget. At Lynchburg Randolph, freshman are allowed to park on campus.
The location of a college or university can also have a big effect on transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in an urban area may be pricey, but cities may offer more trains, busses and low-cost flight options to actually get to school. The Randolph College campus is located in a suburban setting in Virginia.
When budgeting for college, be sure to factor in the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s go over all of the costs we've covered, to get a better estimate of the actual cost of attending Lynchburg Randolph.
What will the cost of attending Lynchburg Randolph be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$11,430|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Randolph College undergrads use financial aid to to cover the cost of tuition. In 2022, 349 of the 482 undergrads enrolled received financial aid. Lynchburg Randolph meets 72% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $22,345 a year. Around 79% of Lynchburg Randolph undergrads take out student loans to cover any remaining costs. Lynchburg Randolph graduates who have student loans graduate with an average of $35,340 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Lynchburg Randolph-Specific Loans||$14,417|
|Most Common Loans for Lynchburg Randolph Students|
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 Lynchburg Randolph financial aid, keep reading, or visit their financial aid website.
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 2022, Lynchburg Randolph awarded 349 need-based scholarships to students, giving away total of $6.4 million to help students with financial need cover the cost of school. An additional $2.74 million in merit-based scholarship money was awarded to students without demonstrated financial need.
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 Lynchburg Randolph 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 Lynchburg Randolph was $22,345 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Lynchburg Randolph seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Lynchburg Randolph 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 make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Lynchburg Randolph's net cost calculator on their website.
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.
Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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