How Many Undergrads Get Financial Aid?
Rhode Island College's typical financial aid deal for incoming freshmen is $13,186. About 68.0% of first year students get some kind of financial aid, the majority of which is in the form of scholarships and grants.
Financial aid helps decrease the cost, or the full retail price of the college. However, be aware that the only real college discount are scholarships & grants.
We feel that loan debt really should be thought of as an "outcome" rather than "aid". Find more about student loan debt at RIC.
How Much Aid Is Available in Grants & Scholarships?
The following numbers apply to scholarships and grants primarily provided by the college itself.
42.0% of freshmen (478 total) were given scholarships at Rhode Island College, averaging $4,571 per person. This puts it in the middle 20th percentile of all schools in the nation.
As well as scholarships, 54.0% of freshmen (617 total) received a federal grant, averaging $4,842 per person.
The chart below shows the typical amount of grant and scholarship aid given to all freshmen.
Grants are usually based on need while scholarships are based on merit or ability.
Amount of Financial Aid Per Family Income
The chart below shows scholarship and grant allocations by family income for first year students getting any kind of federal Title IV assistance, such as Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||12.8%||$619|
Financial aid from the government in the form of loans, grants, and work-study is referred to as Title IV aid. Get more info on Title IV here..
Grants & Scholarships for All Students Average $5,552
Of the 7,398 undergraduate students at Rhode Island College around 59.0% (4,367 in total) receive some sort of grant aid. The typical amount granted was $5,552. The most of which are in the form of Pell Grants.
Financial Aid Links from Rhode Island College
|Financial Aid Department Website||www.ric.edu/financialaid|
|Net Price Calculator||www.ric.edu/financialaid/Pages/npcalc.aspx|