Randolph-Macon College

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2019 Undergraduate Tuition
$41,200
3% growth from 2018
2019 Average Net Price
$27,429
After Financial Aid
2017 Student Loan
2.29%
Default Rate
2019 Acceptance Rate
70.9%
2,460 Applicants
2019 Enrolled Students
1,543
98.5% Full-Time
2018 Graduation Rate
65.7%
270 Graduates

About

Randolph-Macon College is a higher education institution located in Hanover County, VA. In 2016, the most popular Bachelor's Degree concentrations at Randolph-Macon College were General Business (53 degrees awarded), General Biological Sciences (44 degrees), and General Communication (40 degrees).

In 2019, 386 degrees were awarded across all undergraduate and graduate programs at Randolph-Macon College. 56.7% of these degrees were awarded to women, and 43.3% awarded men. The most common race/ethnicity group of degree recipients was white (300 degrees), 11.5 times more than then the next closest race/ethnicity group, black or african american (26 degrees).

The median undergraduate tuition at Randolph-Macon College is $41,200, which is $13,920 more than the national average for Baccalaureate Colleges ($27,280).

Costs

The median undergraduate tuition at Randolph-Macon College is $41,200, which is $13,920 more than the national average for Baccalaureate Colleges ($27,280).

After taking grants and loans into account, the average net price for students is $27,429.

In 2019, 99% of undergraduate students received federal grants, while 60% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$41,200
2019 Undergraduate Tuition

In 2019, the cost of tuition at Randolph-Macon College was $41,200. The cost of tuition at Randolph-Macon College is $13,920 more than than the overall (public and private) national average for Baccalaureate Colleges ($27,280).

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Average Net Price

$27,429
2019 Value
0.565%
1 Year Growth

In 2019 Randolph-Macon College had an average net price — the price paid after factoring in grants and loans — of $27,429. Between 2018 and 2019, the average net price of Randolph-Macon College grew by 0.565%.

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.

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Other Student Expenses

$11,325
Room and Board
$1,200
Books and Supplies

The average yearly cost of room and board at Randolph-Macon College was of $11,325 in 2019. During the same period, the average yearly cost of books and supplies was $1,200. The cost of room and board increased by 6.49% between 2018 and 2019. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

99%
Of Undergraduates Receive Grants
60%
Of Undergraduates Receive Federal Loans

99% of undergraduate students at Randolph-Macon College received grants or loans in 2019. This represents a growth of 0% with respect to 2018, 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.

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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.
2.29%
2017 Default Rate
8
Number of Defaults

In 2017 the default rate for borrower's at Randolph-Macon College was 2.29%, which represents 8 out of the 349 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.

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Admissions

Randolph-Macon College received 2,460 undergraduate applications in 2019, which represents a 15.4% annual decline. Out of those 2,460 applicants, 1,744 students were accepted for enrollment, representing a 70.9% acceptance rate.

There were 1,543 students enrolled at Randolph-Macon College in 2019, and 91% of first-time enrollees submitted SAT scores with their applications.

Randolph-Macon College has an overall enrollment yield of 24.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

70.9%
Acceptance Rate in 2019
1,744
Accepted Out of 2,460

In 2019, the undergraduate acceptance rate of Randolph-Macon College was 70.9% (1,744 admissions from 2,460 applications). This is higher than the acceptance rate of 2018, which was 67.1%. Between 2018 and 2019, the number of applicants declined by −15.4%, while admissions declined by −10.6%.

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SAT Scores

91%
Submission Percentage
392
Scores Submitted

91% of enrolled first-time students at Randolph-Macon College in 2019 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.

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Enrollment

Randolph-Macon College has a total enrollment of 1,543 students. The full-time enrollment at Randolph-Macon College is 1,520 students and the part-time enrollment is 23. This means that 98.5% of students enrolled at Randolph-Macon College are enrolled full-time.

The enrolled student population at Randolph-Macon College, both undergraduate and graduate, is 76.3% White, 9.79% Black or African American, 4.47% Two or More Races, 4.08% Hispanic or Latino, 1.23% Asian, 0.324% American Indian or Alaska Native, and 0.194% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Randolph-Macon College in full-time Undergraduate programs are most commonly White Female (40.5%), followed by White Male (35.9%) and Black or African American Male (5.46%). Students enrolled in full-time Graduate programs are most commonly N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

98.5%
Full-Time Enrollment

The total enrollment at Randolph-Macon College, both undergraduate and graduate, is 1,543 students. The full-time enrollment at Randolph-Macon College is 1,520 and the part-time enrollment is 23. This means that 98.5% of students enrolled at Randolph-Macon College are enrolled full-time compared with 81.1% 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.

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Retention Rate over Time

84%
2019 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 84%. Compared with the full-time retention rate at similar Baccalaureate Colleges (73%), 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    1,178
  2. Black or African American
    151
  3. Two or More Races
    69

The enrolled student population at Randolph-Macon College is 76.3% White, 9.79% Black or African American, 4.47% Two or More Races, 4.08% Hispanic or Latino, 1.23% Asian, 0.324% American Indian or Alaska Native, and 0.194% 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, 14% Black or African American, and 13.1% 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, 22 students (1.43%) did not report their race.

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Graduates

In 2019, 52 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 (300 degrees awarded). There were 11.5 times more white graduates than the next closest race/ethnicity group, black or african american (26 degrees).

The most common Bachelor's Degree concentration at Randolph-Macon College is General Business (53 degrees awarded), followed by General Biological Sciences (44 degrees) and General Communication (40 degrees).

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 Philosophy and Religious Studies (11 degrees awarded), Language & Linguistics (20 degrees), and History (13 degrees).

Workforce

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Randolph-Macon College are Lawyers, & judges, magistrates, & other judicial workers (208,783 people), Elementary & middle school teachers (166,671 people), Postsecondary teachers (149,442 people), Secondary school teachers (137,357 people), and Other managers (131,381 people).

The most specialized majors at Randolph-Macon College are Philosophy and Religious Studies (11 degrees awarded), Language & Linguistics (20 degrees), History (13 degrees), Cultural & Gender Studies (6 degrees), and English (21 degrees).

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Highest Paying Jobs by Major

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, Securities, commodities, & financial services sales agents, Agents & business managers of artists, performers, & athletes, Dentists, and Physicians

The most specialized majors at Randolph-Macon College are Philosophy and Religious Studies (11 degrees awarded), Language & Linguistics (20 degrees), History (13 degrees), Cultural & Gender Studies (6 degrees), and English (21 degrees).

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Common Industries by Major

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 (431,251 people), Colleges, universities & professional schools, including junior colleges (293,809 people), Legal services (164,195 people), Computer Systems Design (105,917 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (86,582 people).

The most specialized majors at Randolph-Macon College are Philosophy and Religious Studies (11 degrees awarded), Language & Linguistics (20 degrees), History (13 degrees), Cultural & Gender Studies (6 degrees), and English (21 degrees).

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Degrees

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
  1. 53 degree-majorss awarded
  2. 44 degree-majorss awarded
  3. 40 degree-majorss awarded

In 2019, the most common bachelors degree concentration at Randolph-Macon College was General Business with 53 degrees awarded.

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

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Gender Breakdown for Common Majors

167
Degrees Awarded to Men
in 2019
219
Degrees Awarded to Women
in 2019

In 2019, 167 degrees were awarded to men at Randolph-Macon College, which is 0.763 times less than the number of degrees awarded to females (219).

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

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Most Common Male Majors

In 2019, 35 degrees were awarded to men at Randolph-Macon College in General Business, which is 1.94 times more than the 18 female recipients with that same degree.

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Most Common Female Majors

In 2019, 33 degrees were awarded to women at Randolph-Macon College in General Biological Sciences, which is 3 times more than the 11 male recipients with that same degree.

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Time to Complete

60%
100% Completion Time
66%
150% Completion Time

In 2019, 60% 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.

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Diversity

Graduation Rate by Race and Gender

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 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 (69.1%).

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, 0.37% of graduates (1 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    300 degrees awarded
  2. Black or African American
    26 degrees awarded
  3. Hispanic or Latino
    20 degrees awarded

The most common race/ethnicity at Randolph-Macon College is white (300 degrees awarded). There were 11.5 times more white recipients than the next closest race/ethnicity group, black or african american (26 degrees).

0.518% of degree recipients (2 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Female
    171 degrees awarded
  2. White Male
    129 degrees awarded
  3. Black or African American Male
    16 degrees awarded

The most common race/ethnicity and gender grouping at Randolph-Macon College is white female (171 degrees awarded). There were 1.33 times more white female recipients than the next closest race/ethnicity group, white male (129 degrees).

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Operations

Randolph-Macon College has an endowment valued at nearly $169M, as of the end of the 2019 fiscal year. The return on its endowment was of $7.35M (4.35%), compared to the 3.99% average return ($1.62M on $40.7M) across all Baccalaureate Colleges.

In 2019, Randolph-Macon College had a total salary expenditure of $55.4M. Randolph-Macon College employs 47 Professors, 27 Associate professors, and 22 Assistant professors. Most academics at Randolph-Macon College are Male Professors (29), Female Professors(18), and Female Associate professors (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 49 employees, Service, with 48 employees, and Management with 41 employees.

Finances

Endowment

$169M
2019 Endowment
1.52%
growth from 2018

Randolph-Macon College has an endowment valued at about $169M, as of the end of the 2019 fiscal year. The endowment of Randolph-Macon College grew 1.52% from the previous year. The value of their endowment was $128M 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.

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Government Grants and Contracts

Grants & Contracts
  1. $497k - Federal
  2. $0 - State
  3. $0 - Local

As of 2019, Randolph-Macon College received $497k in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$24.2M
2019 Salaries
5.26%
growth from 2018

In 2019, Randolph-Macon College paid a median of $24.2M in salaries, which represents 43.7% of their overall expenditure ($55.4M) and a 5.26% growth from the previous year. This is compared to a 4.31% growth from 2017 and a 3.15% growth from 2016.

The median for similar Baccalaureate Colleges is 15.5M (41% of overall expenditures).

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Instructional Salaries

$8.37M
Instructional Salaries
110
Number of Employees

In 2019, Randolph-Macon College paid a total of $8.37M to 110 employees working as instructors, which represents 34.6% of all salaries paid.

This is compared to a median of $4.89M (31.6%) for similar Baccalaureate Colleges.

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Faculty and Staff

Occupations by Share

Professor
Most Common Instructor
47 Employees
Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media
Most Common Non-Instructional Employee
49 Employees

In 2019, the most common positions for instructional staff at Randolph-Macon College were Professor with 47 employees; Associate professor with 27 employees; and Associate professor with 22 employees.

In 2019, the most common positions for non-instructional staff at Randolph-Macon College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 49 employees; Service with 48 employees; and Management with 41 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic
  1. Male Professor
  2. Female Professor
  3. Female Associate professor

In 2019, the most common demographic for instructional staff at Randolph-Macon College was Male Professor with 29 employees, Female Professor with 18 employees, and Female Associate professor with 16 employees.

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

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