Need-Based Aid and Other Aid Options

Other Aid & Financing

Fund	Amount	Information
Federal Work-Study and Randolph College Work-Study	Up to $1,860	Need-based employment students typically work up to 10 hours per week. Off-campus community service jobs may also be available. Some jobs are available for students who do not qualify for need-based assistance. Since the number of available positions is limited, students should apply for employment as early as possible. NOTE: Students are not guaranteed placement in a job position or number of work hours assigned.

Fund	Amount	Information
Monthly Payment Plan	Up to cost of education	No interest is charged on this program that enables parents to spread payments over 10, 9, or 8 months beginning June 1, July 1, or August 1, respectively. A $55 convenience fee is charged per year. Initial deadline to apply: June 1 for 10-month plan. Subsequent deadlines of July 1 and August 1 for the 9- or 8-month plans.
Federal Parent PLUS Loan	Up to cost of education less all other financial aid	Fixed interest rate of 7.9%.
Randolph PLITT Loan	Up to $10,000	College loan program designed to help bridge the gap between the Cost of Attendance and a student's financial aid award. The interest rate is currently 3.5%.
Alternative Loans	Up to cost of education less all other financial aid	Randolph College works with a variety of lenders who are committed to the education loan industry. However, if you choose to borrow from another lender, we will certainly accommodate your wishes.

Fund	Amount	Information
Private College 529 Plan	Contributions up to $13,000 ($26,000 for married couples) per child per year.	Get tomorrow's tuition at today's prices for up to 30 years after purchasing this plan. Can currently be used at 270 colleges and universities nationwide -- including Randolph College!