Rhode Island College (RIC) Financial Aid and Scholarships
Students Receiving Aid
62%
Total Aid Amount
$26.584M
Financial Aid Official Website
www.ric.edu/financialaid
Among them are scholarship programs such as AICPA/Accountemps Scholarship, Albert E. And Florence W. Newton Nurse Scholarship, Aldo Freda Legislative Pages Scholarship, and Alumni Children Academic Award. It is interesting to note that, every year, around 89% of students at RIC receive some kind of financial aid, while the total amount of assistance/loans provided is $22,302,680. One can visit RIC's financial aid page at http://www.ric.edu/financialaid for more information. The total percentage of candidates applying to Rhode Island College who receive the Federal Grant is 57%. Meanwhile, 69% of the applicants receive the Student Grant and 54% are awarded the Institution Grant, while 57% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,115, while the same comes to $8,214 for State Grant receivers and $3,800 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,234. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Rhode Island College, the percentage of candidates who opt to avail of student loans is around 65%.
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