Randolph-Macon College

www.rmc.edu/

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2021 Undergraduate Tuition

$43,660

2.75% growth from 2020

2021 Average Net Price

$26,794

After Financial Aid

2019 Student Loan

1.37%

Default Rate

2021 Acceptance Rate

83.8%

2,250 Applicants

2021 Enrolled Students

1,501

97.2% Full-Time

2021 Graduation Rate

71.8%

290 Graduates

About

Randolph-Macon College is a higher education institution located in Hanover County, VA. In 2021, the most popular Bachelors Degree concentrations at Randolph-Macon College were General Business (56 degrees awarded), General Biological Sciences (47 degrees), and General Communication (41 degrees).

In 2021, 400 degrees were awarded across all undergraduate and graduate programs at Randolph-Macon College. 58.3% of these degrees were awarded to women, and 41.8% awarded men. The most common race/ethnicity group of degree recipients was white (315 degrees), 10.2 times more than then the next closest race/ethnicity group, black or african american (31 degrees).

The median undergraduate tuition at Randolph-Macon College is $43,660, which is $15,155 more than the national average for Baccalaureate Colleges ($28,505).

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2021, the median undergraduate tuition at Randolph-Macon College is $43,660, which is $15,155 more than the national average for Baccalaureate Colleges ($28,505).

After taking grants and loans into account, the average net price for students is $26,794.

In 2021, 99% of undergraduate students attending Randolph-Macon College received financial aid through grants. Comparatively, 59% of undergraduate students received financial aid through loans.

Tuition Costs

$43,660

2021 Undergraduate Tuition

In 2021, the cost of tuition at Randolph-Macon College was $43,660. The cost of tuition at Randolph-Macon College is $15,155 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,505).

This chart compares the tuition costs of Randolph-Macon College (in red) with those of other similar universities.

Average Net Price

$26,794

2021 Value

2.81%

1 Year Growth

In 2021 Randolph-Macon College had an average net price — the price paid after factoring in grants and loans — of $26,794. Between 2020 and 2021, the average net price of Randolph-Macon College grew by 2.81%.

This chart compares the average net price of Randolph-Macon College (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$11,965

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Randolph-Macon College was of $11,965 in 2021. The cost of room and board increased by 2.98% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Randolph-Macon College (in red) with that of similar universities.

Financial Aid by Income Level

99%

Undergraduates Receiving Financial Aid through Grants

59%

Undergraduates Receiving Financial Aid through Loans

99% of undergraduate students at Randolph-Macon College received financial aid through grants or loans in 2021. This represents a decline of 1% with respect to 2020, when 100% of undergraduate students received financial aid.

This chart compares the average award discount at Randolph-Macon College (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

1.37%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Randolph-Macon College was 1.37%, which represents 5 out of the 365 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Randolph-Macon College received 2,250 undergraduate applications in 2021, which represents a 16.2% annual growth. Out of those 2,250 applicants, 1,886 students were accepted for enrollment, representing a 83.8% acceptance rate.

There were 1,501 students enrolled at Randolph-Macon College in 2021. 90% of first-time enrollees submitted SAT scores with their applications.

Randolph-Macon College has an overall enrollment yield of 18.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

83.8%

Acceptance Rate in 2021

1,886

Accepted Out of 2,250

In 2021, the undergraduate acceptance rate of Randolph-Macon College was 83.8% (1,886 admissions from 2,250 applications). This is higher than the acceptance rate of 2020, which was 71.3%. Between 2020 and 2021, the number of applicants grew by 16.2%, while admissions declined by −1.46%..

This chart compares the acceptance rate of Randolph-Macon College (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

90%

Submission Percentage (2020)

398

Scores Submitted (2020)

90% of enrolled first-time students at Randolph-Macon College in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Randolph-Macon College had a total enrollment of 1,501 students in 2021. The full-time enrollment at Randolph-Macon College is 1,459 students and the part-time enrollment is 42. This means that 97.2% of students enrolled at Randolph-Macon College are enrolled full-time.

The enrolled student population at Randolph-Macon College, both undergraduate and graduate, is 75.3% White, 8.39% Black or African American, 5.8% Hispanic or Latino, 5.13% Two or More Races, 1.4% Asian, and 0.2% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Randolph-Macon College in full-time Undergraduate programs are most commonly White Female (42.2%), followed by White Male (33.4%) and Black or African American Male (5.35%).

Full-Time vs Part-Time Enrollment

97.2%

Full-Time Enrollment

The total enrollment at Randolph-Macon College in 2021, both undergraduate and graduate, is 1,501 students. The full-time enrollment at Randolph-Macon College is 1,459 and the part-time enrollment is 42. This means that 97.2% of students enrolled at Randolph-Macon College are enrolled full-time compared with 79.9% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Randolph-Macon College (in red) compares to similar universities.

Retention Rate over Time

81%

2021 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Randolph-Macon College was 81%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Randolph-Macon College had a retention rate higher than its peers.

This chart shows the retention rate over time at Randolph-Macon College (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
1,130 enrolled students
Black or African American
126 enrolled students
Hispanic or Latino
87 enrolled students

The enrolled student population at Randolph-Macon College is 75.3% White, 8.39% Black or African American, 5.8% Hispanic or Latino, 5.13% Two or More Races, 1.4% Asian, and 0.2% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 55% White, 13.5% Black or African American, and 13.4% Hispanic or Latino.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 18 students (1.2%) did not report their race.

Graduates

In 2021, 66 more women than men received degrees from Randolph-Macon College. The most common race/ethnicity group of degree recipients at Randolph-Macon College is white (315 degrees awarded). There were 10.2 times more white recipients than the next closest race/ethnicity group, black or african american (31 degrees).

The most common Bachelor's Degree concentration at Randolph-Macon College is General Business (56 degrees awarded), followed by General Biological Sciences (47 degrees) and General Communication (41 degrees).

In 2021, the most specialized majors across all degree types at Randolph-Macon College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Language & Linguistics (22 degrees awarded), Natural Resources & Conservation (16 degrees), and Communications (41 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Randolph-Macon College are Other managers (243,276 people), Elementary & middle school teachers (181,992 people), Postsecondary teachers (167,926 people), Lawyers, & judges, magistrates, & other judicial workers (167,903 people), and Secondary school teachers (109,551 people).

The most specialized majors at Randolph-Macon College in 2021 are Language & Linguistics (22 degrees awarded), Natural Resources & Conservation (16 degrees), Communications (41 degrees), Physical Sciences (17 degrees), and History (10 degrees) (as of 2021).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Randolph-Macon College are Surgeons, Nuclear medicine technologists and medical dosimetrists, Diagnostic medical sonographers, Magnetic resonance imaging technologists, and Physicians

The most specialized majors at Randolph-Macon College are Language & Linguistics (22 degrees awarded), Natural Resources & Conservation (16 degrees), Communications (41 degrees), Physical Sciences (17 degrees), and History (10 degrees) (as of 2021).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Randolph-Macon College are Elementary & secondary schools (423,761 people), Colleges, universities & professional schools, including junior colleges (374,433 people), Computer Systems Design (184,876 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (168,206 people), and Legal services (140,044 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Randolph-Macon College.

Most Common (2021)

General Business
56 degrees awarded
General Biological Sciences
47 degrees awarded
General Communication
41 degrees awarded

In 2021, the most common bachelors degree concentration at Randolph-Macon College was General Business with 56 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Randolph-Macon College according to their major.

Sex Breakdown for Common Majors

167

Degrees Awarded to Men

in 2021

233

Degrees Awarded to Women

in 2021

In 2021, 167 degrees were awarded to men at Randolph-Macon College, which is 0.717 times less than the number of degrees awarded to females (233).

This chart displays the sex disparity between the top 5 majors at Randolph-Macon College by degrees awarded.

Most Common Male Majors

In 2021, 33 degrees were awarded to men at Randolph-Macon College in General Business, which is 1.43 times more than the 23 female recipients with that same degree.

Most Common Female Majors

In 2021, 35 degrees were awarded to men at Randolph-Macon College in General Psychology, which is 5.83 times more than the 6 male recipients with that same degree.

Time to Complete

63%

100% Completion Time

68%

150% Completion Time

In 2021, 63% of students graduating from Randolph-Macon College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 68% completed their degrees within 150% of the normal time, and 68% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Randolph-Macon College is Male and Asian (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.9%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 0.345% of graduates (1 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
315 degrees awarded
Black or African American
31 degrees awarded
Hispanic or Latino
21 degrees awarded

The most common race/ethnicity at Randolph-Macon College is white (315 degrees awarded). There were 10.2 times more white recipients than the next closest race/ethnicity group, black or african american (31 degrees).

1.75% of degree recipients (7 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
186 degrees awarded
White Male
129 degrees awarded
Black or African American Female
17 degrees awarded

The most common race/ethnicity and sex grouping at Randolph-Macon College is white female (186 degrees awarded). There were 1.44 times more white female recipients than the next closest race/ethnicity group, white male (129 degrees).

Operations

Randolph-Macon College has an endowment valued at nearly $224M, as of the end of the 2021 fiscal year. The return on its endowment was of 54.3M (24.2%) compared to the 17.4% average return (9.13M on 52.4M) across all Baccalaureate Colleges.

In 2021, Randolph-Macon College had a total salary expenditure of 54.2M. Randolph-Macon College employs 47 Professors, 28 Associate professors and 24 Assistant professors. Most academics at Randolph-Macon College are Male Professor (26), Female Professor (21), and Female Associate professor (16).

The most common positions for non-instructional staff at Randolph-Macon College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 57 employees, Service, with 46 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 43 employees.

Endowment

$224M

2021 Endowment

31.1%

growth from 2020

Randolph-Macon College has an endowment valued at about $224M, as of the end of the 2021 fiscal year. The endowment of Randolph-Macon College grew 31.1% from the previous year. The value of their endowment was $172M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Randolph-Macon College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Arts & Sciences Focus Carnegie Classification grouping.

Salary Expenditure

$25.7M

2021 Salaries

4.48%

growth from 2020

In 2021, Randolph-Macon College paid a median of $25.7M in salaries, which represents 47.4% of their overall expenditure ($54.2M) and a 4.48% growth from the previous year.

The median for similar Baccalaureate Colleges is 15.1M (38.9% of overall expenditures).

Instructional Salaries

$9.49M

Instructional Salaries

123

Number of Employees

In 2021, Randolph-Macon College paid a total of $9.49M to 123 employees working as instructors, which represents 36.9% of all salaries paid.

This is compared to a median of $4.92M (32.5%) for similar Baccalaureate Colleges.

Occupations by Share

Professor

Most Common Instructor

47 Employees

Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media

Most Common Non-Instructional Employee

57 Employees

In 2021, the most common positions for instructional staff at Randolph-Macon College were Professor with 47 employees, Associate professor with 28 employees, and Assistant professor with 24 employees.

In 2021, the most common positions for non-instructional staff at Randolph-Macon College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 57 employees, Service with 46 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 43 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Professor
Female Professor
Female Associate professor

In 2021, the most common demographic for instructional staff at Randolph-Macon College was Male Professor with 26 employees, Female Professor with 21 employees, and Female Associate professor with 16 employees.

This chart shows the sex split between each academic rank present at Randolph-Macon College.