Randolph-Macon College

www.rmc.edu

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2023 Undergraduate Tuition

$46,278

3% growth from 2022

2023 Average Net Price

$29,058

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

83.4%

2,620 Applicants

2023 Enrolled Students

1,523

97.4% Full-Time

2023 Graduation Rate

74.6%

279 Graduates

About

Randolph-Macon College is a higher education institution located in Hanover County, VA. In 2023, the most popular Bachelors Degree concentrations at Randolph-Macon College were General Business (65 degrees awarded), General Biological Sciences (46 degrees), and Registered Nursing (36 degrees).

In 2023, 404 degrees were awarded across all undergraduate and graduate programs at Randolph-Macon College. 54.2% of these degrees were awarded to women, and 45.8% awarded men. The most common race/ethnicity group of degree recipients was white (323 degrees), 14 times more than then the next closest race/ethnicity group, black or african american (23 degrees).

The median undergraduate tuition at Randolph-Macon College is $46,278, which is $16,998 more than the national average for Baccalaureate Colleges ($29,280).

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 2023, the median undergraduate tuition at Randolph-Macon College is $46,278, which is $16,998 more than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $29,058.

In 2023, 98% of undergraduate students attending Randolph-Macon College received financial aid through grants. Comparatively, 58% of undergraduate students received financial aid through loans.

Tuition Costs

$46,278

2023 Undergraduate Tuition

In 2023, the cost of tuition at Randolph-Macon College was $46,278. The cost of tuition at Randolph-Macon College is $16,998 more than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

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

Average Net Price

$29,058

2023 Value

2.36%

1 Year Growth

In 2023 Randolph-Macon College had an average net price — the price paid after factoring in grants and loans — of $29,058. Between 2022 and 2023, the average net price of Randolph-Macon College grew by 2.36%.

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

$12,731

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Randolph-Macon College was of $12,731 in 2023. The cost of room and board increased by 2.89% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,000. 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

98%

Undergraduates Receiving Financial Aid through Grants

58%

Undergraduates Receiving Financial Aid through Loans

98% of undergraduate students at Randolph-Macon College received financial aid through grants or loans in 2023. This represents a growth of 0% with respect to 2022, when 98% 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 2,620 undergraduate applications in 2023, which represents a 7.11% annual growth. Out of those 2,620 applicants, 2,185 students were accepted for enrollment, representing a 83.4% acceptance rate.

There were 1,523 students enrolled at Randolph-Macon College in 2023. 32% of first-time enrollees submitted SAT scores with their applications.

Randolph-Macon College has an overall enrollment yield of 19.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

83.4%

Acceptance Rate in 2023

2,185

Accepted Out of 2,620

In 2023, the undergraduate acceptance rate of Randolph-Macon College was 83.4% (2,185 admissions from 2,620 applications). This is lower than the acceptance rate of 2022, which was 85.4%. Between 2022 and 2023, the number of applicants grew by 7.11%, while admissions grew by 4.55%.

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

32%

Submission Percentage (2023)

136

Scores Submitted (2023)

32% of enrolled first-time students at Randolph-Macon College in 2023 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 1,523 students in 2023. The full-time enrollment at Randolph-Macon College is 1,483 students and the part-time enrollment is 40. This means that 97.4% of students enrolled at Randolph-Macon College are enrolled full-time.

The enrolled student population at Randolph-Macon College, both undergraduate and graduate, is 74.2% White, 8.67% Black or African American, 5.84% Two or More Races, 5.45% Hispanic or Latino, 2.63% Asian, 0.197% American Indian or Alaska Native, and 0.0657% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Randolph-Macon College in full-time Undergraduate programs are most commonly White Female (41.9%), followed by White Male (32.8%) and Black or African American Male (5.12%). Students enrolled in full-time Graduate programs are most commonly White Female (56.5%), followed by White Male (13%) and Asian Female (8.7%).

Full-Time vs Part-Time Enrollment

97.4%

Full-Time Enrollment

The total enrollment at Randolph-Macon College in 2023, both undergraduate and graduate, is 1,523 students. The full-time enrollment at Randolph-Macon College is 1,483 and the part-time enrollment is 40. This means that 97.4% of students enrolled at Randolph-Macon College are enrolled full-time compared with 78.8% 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%

2023 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 (74%), 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 (2023)

White
1,130 enrolled students
Black or African American
132 enrolled students
Two or More Races
89 enrolled students

The enrolled student population at Randolph-Macon College is 74.2% White, 8.67% Black or African American, 5.84% Two or More Races, 5.45% Hispanic or Latino, 2.63% Asian, 0.197% American Indian or Alaska Native, and 0.0657% 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 53.2% White, 14.1% Hispanic or Latino, and 12.9% 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, 23 students (1.51%) did not report their race.

Graduates

In 2023, 34 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 (323 degrees awarded). There were 14 times more white recipients than the next closest race/ethnicity group, black or african american (23 degrees).

The most common Bachelor's Degree concentration at Randolph-Macon College is General Business (65 degrees awarded), followed by General Biological Sciences (46 degrees) and Registered Nursing (36 degrees).

In 2023, 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 (14 degrees awarded), Philosophy and Religious Studies (7 degrees), and Physical Sciences (16 degrees).

Common Jobs by Major

Postsecondary teachers

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 Postsecondary teachers (129,553 people), Other managers (123,496 people), Physicians (78,388 people), Lawyers, & judges, magistrates, & other judicial workers (76,533 people), and Other Physical Scientists (75,439 people).

The most specialized majors at Randolph-Macon College in 2023 are Language & Linguistics (14 degrees awarded), Philosophy and Religious Studies (7 degrees), Physical Sciences (16 degrees), Cultural & Gender Studies (5 degrees), and Natural Resources & Conservation (10 degrees) (as of 2023).

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 (14 degrees awarded), Philosophy and Religious Studies (7 degrees), Physical Sciences (16 degrees), Cultural & Gender Studies (5 degrees), and Natural Resources & Conservation (10 degrees) (as of 2023).

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 (2023)

General Business
65 degrees awarded
General Biological Sciences
46 degrees awarded
Registered Nursing
36 degrees awarded

In 2023, the most common bachelors degree concentration at Randolph-Macon College was General Business with 65 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

185

Degrees Awarded to Men

in 2023

219

Degrees Awarded to Women

in 2023

In 2023, 185 degrees were awarded to men at Randolph-Macon College, which is 0.845 times less than the number of degrees awarded to females (219).

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

Most Common Male Majors

In 2023, 51 degrees were awarded to men at Randolph-Macon College in General Business, which is 3.64 times more than the 14 female recipients with that same degree.

Most Common Female Majors

In 2023, 35 degrees were awarded to men at Randolph-Macon College in General Biological Sciences, which is 3.18 times more than the 11 male recipients with that same degree.

Time to Complete

66%

100% Completion Time

72%

150% Completion Time

In 2023, 66% of students graduating from Randolph-Macon College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 72% completed their degrees within 150% of the normal time, and 72% 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.

Two or More Races Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Randolph-Macon College is Female and Two or More Races (100% graduation rate). Across all Baccalaureate Colleges, Non-resident Alien Male students have the highest graduation rate (65.7%).

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, 1.43% of graduates (4 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
323 degrees awarded
Black or African American
23 degrees awarded
Hispanic or Latino
20 degrees awarded

The most common race/ethnicity at Randolph-Macon College is white (323 degrees awarded). There were 14 times more white recipients than the next closest race/ethnicity group, black or african american (23 degrees).

2.48% of degree recipients (10 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
177 degrees awarded
White Male
146 degrees awarded
Black or African American Male
17 degrees awarded

The most common race/ethnicity and sex grouping at Randolph-Macon College is white female (177 degrees awarded). There were 1.21 times more white female recipients than the next closest race/ethnicity group, white male (146 degrees).

Operations

Randolph-Macon College has an endowment valued at nearly $209M, as of the end of the 2023 fiscal year. The return on its endowment was of 11.8M (5.63%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Randolph-Macon College had a total salary expenditure of 62M. Randolph-Macon College employs 46 Professors, 31 Associate professors and 29 Assistant professors. Most academics at Randolph-Macon College are Male Professor (24), Female Professor (22), and Female Associate professor (19).

The most common positions for non-instructional staff at Randolph-Macon College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 66 employees, Service, with 47 employees, and Management with 41 employees.

Endowment

$209M

2023 Endowment

3.03%

growth from 2022

Randolph-Macon College has an endowment valued at about $209M, as of the end of the 2023 fiscal year. The endowment of Randolph-Macon College grew 3.03% from the previous year. The value of their endowment was $158M 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

$27.4M

2023 Salaries

4.63%

growth from 2022

In 2023, Randolph-Macon College paid a median of $27.4M in salaries, which represents 44.1% of their overall expenditure ($62M) and a 4.63% growth from the previous year. This is compared to a 1.79% growth between 2021 and 2022, and a 4.48% growth between 2020 and 2021.

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

Instructional Salaries

$9.83M

Instructional Salaries

123

Number of Employees

In 2023, Randolph-Macon College paid a total of $9.83M to 123 employees working as instructors, which represents 35.9% of all salaries paid.

This is compared to a median of $552k (3.27%) for similar Baccalaureate Colleges.

Occupations by Share

Professor

Most Common Instructor

46 Employees

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

Most Common Non-Instructional Employee

66 Employees

In 2023, the most common positions for instructional staff at Randolph-Macon College were Professor with 46 employees, Associate professor with 31 employees, and Assistant professor with 29 employees.

In 2023, the most common positions for non-instructional staff at Randolph-Macon College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 66 employees, Service with 47 employees, and Management with 41 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Female Professor
Female Associate professor

In 2023, the most common demographic for instructional staff at Randolph-Macon College was Male Professor with 24 employees, Female Professor with 22 employees, and Female Associate professor with 19 employees.

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

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