College Factual  by our College Data Analytics Team
       Unbiased Factual Guarantee

Can You Afford Rhode Island College?

Concerned about paying for college? Take a look at RIC’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

Attendance Costs in 2020 - 2021 Varied Between $16,097 & $39,863

Worried about paying the full cost of $39,863 to attend Rhode Island College? That number can be deceiving, as the net amount most students will pay varies significantly.

For students living in Rhode Island, the college offers a discount of 58.5% off tuition and fees. Also, 69.4% of freshmen receive some form of financial aid, with the average amount totaling $7,347. Students from low-income families receive an average of $9,291 in aid during their first year.

Cost for Residents of Rhode Island (no aid)

Tuition and fees$10,260
+ Room and board$12,488
+ Other expenses$2,640
Total cost$25,388
Affordability Score (52 out of 100)
more expensive
less expensive

Net Price for Residents of Rhode Island (with average aid)

Total cost$25,388
- Grants and scholarships$7,347
Net price$18,041
Affordability Score (52 out of 100)
more expensive
less expensive

Average Net Price for Low Income Residents of Rhode Island

Total cost$25,388
- Grants and scholarships$9,291
Net price$16,097
Affordability Score (49 out of 100)
more expensive
less expensive

Cost for Non-Residents (no aid)

Tuition and fees$24,735
+ Room and board$12,488
+ Other expenses$2,640
Total cost$39,863
Affordability Score (31 out of 100)
more expensive
less expensive

Net Price for Non-Residents (with average aid)

Total cost$39,863
- Grants and scholarships$7,347
Net price$32,516
Affordability Score (17 out of 100)
more expensive
less expensive

Average Net Price for Low Income Non-Resident Undergraduates

Total cost$39,863
- Grants and scholarships$9,291
Net price$30,572
Affordability Score (12 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at RIC.

Projected Costs Between $76,647 and $258,851 For a Four Year Degree. Between $36,433 and $123,498 For a Two Year Degree.

It can be a bit scary to look at the total projected cost of a college education over the course of a multi-year degree, however, doing so will help you better understand the financial commitment you are making.

The overall cost for on-campus, in-state students to attend Rhode Island College in 2020 - 2021 was $25,388. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 3.2% each year.

If this trend continues, we expect the full cost for incoming freshmen to be $27,013 during their first year. By their senior year, that cost will be approximately $29,647, for a bachelor degree candidate ($27,864 for an associate degree candidate) for a total of $113,264 over the course of four years ($54,876 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

The cost for out-of-state students is more, with an overall expected four-year cost of $187,443 based on a yearly growth rate of 4.7%. The expected two-year cost is $89,429.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Rhode Island College

Cost With Interest for Residents of Rhode Island

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*6.7%3.2%
Freshman year$17,767$20,539$27,013
Senior year$18,666$21,916$27,864
Total 2-year net price$36,433$42,455$54,876
10-year loan interest @ 6.8%$13,880$16,174$20,906
Total monthly payment$419$489$632
Total amount paid$50,313$58,629$75,782
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*6.7%3.2%
Freshman year$17,767$20,539$27,013
Senior year$20,603$24,951$29,647
Total 4-year net price$76,647$90,790$113,264
10-year loan interest @ 6.8%$29,200$34,588$43,149
Total monthly payment$882$1,045$1,303
Total amount paid$105,847$125,377$156,413

Cost With Interest for Out-Of-State Residents

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*5.8%4.7%
Freshman year$33,892$36,404$43,690
Senior year$35,685$38,519$45,739
Total 2-year net price$69,577$74,923$89,429
10-year loan interest @ 6.8%$26,506$28,543$34,069
Total monthly payment$801$862$1,029
Total amount paid$96,083$103,466$123,498
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*5.8%4.7%
Freshman year$33,892$36,404$43,690
Senior year$39,560$43,125$50,130
Total 4-year net price$146,710$158,806$187,443
10-year loan interest @ 6.8%$55,891$60,499$71,409
Total monthly payment$1,688$1,828$2,157
Total amount paid$202,601$219,305$258,851

Visit net price and financial aid to learn more about the total cost of attending Rhode Island College.

Further Questions to Consider

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