Randolph College, a private liberal arts institution located in Lynchburg, Virginia, offers a wide range of academic programs at both the undergraduate and graduate levels. The college emphasizes personalized learning, experiential education, and community engagement. This article provides a detailed overview of Randolph College tuition, including costs, financial aid options, and payment plans.
Tuition and Fees
The following table outlines the estimated tuition and fees for the 2023-2024 academic year:
| Category | Cost |
|---|---|
| Undergraduate Tuition | $47,470 |
| Graduate Tuition (Master’s) | $28,690 |
| Graduate Tuition (Doctorate) | $34,550 |
| Student Fees | $1,400 |
| Technology Fee | $500 |
| Health Insurance (Optional) | $1,265 |
Financial Aid
Randolph College is committed to making education affordable for all students. The college offers a variety of financial aid options, including scholarships, grants, loans, and work-study programs.
Scholarships
Randolph College awards over $30 million in scholarships to incoming and returning students each year. Merit-based scholarships are awarded to students with strong academic records and leadership qualities. Need-based scholarships are awarded to students who demonstrate financial need.
Grants
Randolph College offers several grant programs to students who meet specific criteria. These grants include the Federal Pell Grant, the Federal Supplemental Educational Opportunity Grant, and the Virginia Tuition Assistance Grant.
Loans
Randolph College students can apply for federal and private loans to help cover the cost of education. Federal loans are backed by the U.S. government and offer favorable interest rates and repayment terms. Private loans are offered by banks and other lenders and may have higher interest rates and fewer repayment options.
Work-Study
The Federal Work-Study Program allows Randolph College students to earn money while attending school. Students can work on campus or off campus at eligible employers.
Payment Plans
Randolph College offers a variety of payment plans to help students and families manage the cost of college. These plans include:
- Semester Payment Plan: This plan allows students to pay their tuition and fees in two equal installments, one due at the beginning of each semester.
- Monthly Payment Plan: This plan allows students to pay their tuition and fees in 10 equal monthly installments.
- Payroll Deduction Plan: This plan allows employees of certain employers to have their tuition and fees deducted from their paychecks.
Net Price Calculator
Randolph College provides a net price calculator on its website to help prospective students estimate the net cost of attendance. The net price calculator takes into account factors such as family income, assets, and scholarships to provide a personalized estimate of the cost of college.
Conclusion
Randolph College tuition is competitive with other private liberal arts colleges in the region. The college offers a variety of financial aid options and payment plans to help students and families afford the cost of education. Randolph College is committed to providing a high-quality education at an affordable price.