$5,107

Avg. Federal Grant

$4,870

Avg. Federal Loan

$26,584,038

Total Aid Awarded

Rhode Island College (RIC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

62%

Total Aid Amount Average Total Aid Awarded per year.

$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%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

1%

Institution Grant Aid

47%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$5,107

State Grant Aid

$5,010

Institution Grant Aid

$5,174

Pell Grant

$4,760

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,710

$30,001 - $48,000

$7,938

$48,001 - $75,000

$5,563

$75,001 - $110,000

$2,016

Over $110,000

$736

Student Loans for Rhode Island College (RIC)

Average Loan Amount Average Loan Amount received per year.

$6,021/Year

Students Taking Out Loans

66%

Loan Default Rate

7.3%

Other Colleges In Rhode Island

Rhode Island School of Design (RISD)
Rhode Island School of Design (RISD)

Providence, Rhode Island

Brown University
Brown University

Providence, Rhode Island

Bryant University
Bryant University

Smithfield, Rhode Island

Other Colleges In Providence

Providence College
Providence College

Providence, Rhode Island

Johnson & Wales University
Johnson & Wales University

Providence, Rhode Island

Other Public Colleges

Copper Mountain College (CMCCD)
Copper Mountain College (CMCCD)

Joshua Tree, California

East Carolina University (ECU)
East Carolina University (ECU)

Greenville, North Carolina