Randolph-Macon College

www.rmc.edu

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2022 Undergraduate Tuition

$44,930

2.91% growth from 2021

2022 Average Net Price

$28,389

After Financial Aid

2020 Default Rate

on Student Loans

2022 Acceptance Rate

85.4%

2,446 Applicants

2022 Enrolled Students

1,490

97.3% Full-Time

2022 Graduation Rate

74%

293 Graduates

About

Randolph-Macon College is a higher education institution located in Hanover County, VA. In 2022, the most popular Bachelors Degree concentrations at Randolph-Macon College were General Business (63 degrees awarded), General Biological Sciences (51 degrees), and General Psychology (27 degrees).

In 2022, 384 degrees were awarded across all undergraduate and graduate programs at Randolph-Macon College. 52.9% of these degrees were awarded to women, and 47.1% awarded men. The most common race/ethnicity group of degree recipients was white (294 degrees), 9.8 times more than then the next closest race/ethnicity group, black or african american (30 degrees).

The median undergraduate tuition at Randolph-Macon College is $44,930, which is $16,600 more than the national average for Baccalaureate Colleges ($28,330).

In 2020 the default rate for borrower's at Randolph-Macon College was 0%, corresponding to 0 out of the 308 total borrowers.

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2022, the median undergraduate tuition at Randolph-Macon College is $44,930, which is $16,600 more than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $28,389.

In 2022, 98% of undergraduate students attending Randolph-Macon College received financial aid through grants. Comparatively, 60% of undergraduate students received financial aid through loans.

Tuition Costs

$44,930

2022 Undergraduate Tuition

In 2022, the cost of tuition at Randolph-Macon College was $44,930. The cost of tuition at Randolph-Macon College is $16,600 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

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

Average Net Price

$28,389

2022 Value

5.95%

1 Year Growth

In 2022 Randolph-Macon College had an average net price — the price paid after factoring in grants and loans — of $28,389. Between 2021 and 2022, the average net price of Randolph-Macon College grew by 5.95%.

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

$12,373

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Randolph-Macon College was of $12,373 in 2022. The cost of room and board increased by 3.41% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies decreased by 16.7% 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

98%

Undergraduates Receiving Financial Aid through Grants

60%

Undergraduates Receiving Financial Aid through Loans

98% of undergraduate students at Randolph-Macon College received financial aid through grants or loans in 2022. This represents a decline of 1.01% with respect to 2021, when 99% 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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Randolph-Macon College was 0%, which represents 0 out of the 308 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 2,446 undergraduate applications in 2022, which represents a 8.71% annual growth. Out of those 2,446 applicants, 2,090 students were accepted for enrollment, representing a 85.4% acceptance rate.

There were 1,490 students enrolled at Randolph-Macon College in 2022. 45% of first-time enrollees submitted SAT scores with their applications.

Randolph-Macon College has an overall enrollment yield of 19.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

85.4%

Acceptance Rate in 2022

2,090

Accepted Out of 2,446

In 2022, the undergraduate acceptance rate of Randolph-Macon College was 85.4% (2,090 admissions from 2,446 applications). This is higher than the acceptance rate of 2021, which was 83.8%. Between 2021 and 2022, the number of applicants grew by 8.71%, while admissions grew by 10.8%.

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

45%

Submission Percentage (2022)

188

Scores Submitted (2022)

45% of enrolled first-time students at Randolph-Macon College in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Randolph-Macon College had a total enrollment of 1,490 students in 2022. The full-time enrollment at Randolph-Macon College is 1,450 students and the part-time enrollment is 40. This means that 97.3% of students enrolled at Randolph-Macon College are enrolled full-time.

The enrolled student population at Randolph-Macon College, both undergraduate and graduate, is 74.9% White, 8.59% Black or African American, 5.3% Two or More Races, 5.23% Hispanic or Latino, 2.21% Asian, 0.201% American Indian or Alaska Native, and 0.0671% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Randolph-Macon College in full-time Undergraduate programs are most commonly White Female (42.3%), followed by White Male (32.6%) and Black or African American Male (5.1%).

Full-Time vs Part-Time Enrollment

97.3%

Full-Time Enrollment

The total enrollment at Randolph-Macon College in 2022, both undergraduate and graduate, is 1,490 students. The full-time enrollment at Randolph-Macon College is 1,450 and the part-time enrollment is 40. This means that 97.3% of students enrolled at Randolph-Macon College are enrolled full-time compared with 79.6% 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%

2022 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 (2022)

White
1,116 enrolled students
Black or African American
128 enrolled students
Two or More Races
79 enrolled students

The enrolled student population at Randolph-Macon College is 74.9% White, 8.59% Black or African American, 5.3% Two or More Races, 5.23% Hispanic or Latino, 2.21% Asian, 0.201% American Indian or Alaska Native, and 0.0671% 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 54.3% White, 13.8% Hispanic or Latino, and 13.1% Black or African American.

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, 19 students (1.28%) did not report their race.

Graduates

In 2022, 22 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 (294 degrees awarded). There were 9.8 times more white recipients than the next closest race/ethnicity group, black or african american (30 degrees).

The most common Bachelor's Degree concentration at Randolph-Macon College is General Business (63 degrees awarded), followed by General Biological Sciences (51 degrees) and General Psychology (27 degrees).

In 2022, 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 (15 degrees awarded), Philosophy and Religious Studies (9 degrees), and Biology (62 degrees).

Common Jobs by Major

Physicians

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 Physicians (483,410 people), Lawyers, & judges, magistrates, & other judicial workers (390,278 people), Other managers (380,377 people), Postsecondary teachers (304,166 people), and Elementary & middle school teachers (210,973 people).

The most specialized majors at Randolph-Macon College in 2022 are Language & Linguistics (15 degrees awarded), Philosophy and Religious Studies (9 degrees), Biology (62 degrees), Social Sciences (58 degrees), and Physical Sciences (14 degrees) (as of 2022).

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, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, Nuclear medicine technologists and medical dosimetrists, and Physicians

The most specialized majors at Randolph-Macon College are Language & Linguistics (15 degrees awarded), Philosophy and Religious Studies (9 degrees), Biology (62 degrees), Social Sciences (58 degrees), and Physical Sciences (14 degrees) (as of 2022).

Common Industries by Major

Colleges, universities & professional schools, including junior colleges

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 Colleges, universities & professional schools, including junior colleges (647,450 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (621,861 people), Elementary & secondary schools (527,098 people), Legal services (309,760 people), and Computer Systems Design (286,014 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 (2022)

General Business
63 degrees awarded
General Biological Sciences
51 degrees awarded
General Psychology
27 degrees awarded

In 2022, the most common bachelors degree concentration at Randolph-Macon College was General Business with 63 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

181

Degrees Awarded to Men

in 2022

203

Degrees Awarded to Women

in 2022

In 2022, 181 degrees were awarded to men at Randolph-Macon College, which is 0.892 times less than the number of degrees awarded to females (203).

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

Most Common Male Majors

In 2022, 49 degrees were awarded to men at Randolph-Macon College in General Business, which is 3.5 times more than the 14 female recipients with that same degree.

Most Common Female Majors

In 2022, 36 degrees were awarded to men at Randolph-Macon College in General Biological Sciences, which is 2.4 times more than the 15 male recipients with that same degree.

Time to Complete

61%

100% Completion Time

66%

150% Completion Time

In 2022, 61% of students graduating from Randolph-Macon College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 66% completed their degrees within 150% of the normal time, and 66% 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.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Randolph-Macon College is Male and American Indian or Alaska Native (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (73.2%).

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, 0.683% of graduates (2 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
294 degrees awarded
Black or African American
30 degrees awarded
Hispanic or Latino
19 degrees awarded

The most common race/ethnicity at Randolph-Macon College is white (294 degrees awarded). There were 9.8 times more white recipients than the next closest race/ethnicity group, black or african american (30 degrees).

1.04% of degree recipients (4 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
157 degrees awarded
White Male
137 degrees awarded
Black or African American Male
16 degrees awarded

The most common race/ethnicity and sex grouping at Randolph-Macon College is white female (157 degrees awarded). There were 1.15 times more white female recipients than the next closest race/ethnicity group, white male (137 degrees).

Operations

Randolph-Macon College has an endowment valued at nearly $203M, as of the end of the 2022 fiscal year. The return on its endowment was of −24.3M (−11.9%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, Randolph-Macon College had a total salary expenditure of 57.7M. Randolph-Macon College employs 47 Professors, 30 Assistant professors and 29 Associate professors. Most academics at Randolph-Macon College are Male Professor (24), Female Professor (23), and Female Assistant professor (20).

The most common positions for non-instructional staff at Randolph-Macon College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 65 employees, Service, with 49 employees, and Management with 38 employees.

Endowment

$203M

2022 Endowment

9.44%

decline from 2021

Randolph-Macon College has an endowment valued at about $203M, as of the end of the 2022 fiscal year. The endowment of Randolph-Macon College declined 9.44% from the previous year. The value of their endowment was $154M 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

$26.2M

2022 Salaries

1.79%

growth from 2021

In 2022, Randolph-Macon College paid a median of $26.2M in salaries, which represents 45.4% of their overall expenditure ($57.7M) and a 1.79% growth from the previous year. This is compared to a 4.48% growth between 2020 and 2021, and a 1.76% growth between 2019 and 2020.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

Instructional Salaries

$9.81M

Instructional Salaries

125

Number of Employees

In 2022, Randolph-Macon College paid a total of $9.81M to 125 employees working as instructors, which represents 37.5% of all salaries paid.

This is compared to a median of $5.04M (32.1%) 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

65 Employees

In 2022, the most common positions for instructional staff at Randolph-Macon College were Professor with 47 employees, Assistant professor with 30 employees, and Associate professor with 29 employees.

In 2022, the most common positions for non-instructional staff at Randolph-Macon College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 65 employees, Service with 49 employees, and Management with 38 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Professor
Female Professor
Female Assistant professor

In 2022, the most common demographic for instructional staff at Randolph-Macon College was Male Professor with 24 employees, Female Professor with 23 employees, and Female Assistant professor with 20 employees.

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

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