by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
What amount of RIC financial assistance will actually be available to you?Get answers to your questions here.
Rhode Island College average financial aid offer for freshmen students is $7,057.00. Approximately 93% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Rhode Island College you could end up dealing with.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers pertain to assistance that is supplied by Rhode Island College.
48% of new students (438 total) were given scholarships at Rhode Island College, averaging $4,146.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 79% of first-year students (728 total) got federal grant aid, averaging $4,137.00 per person.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 30.14% | $8,346.00 |
| Income 30k-48k | 13.28% | $7,885.00 |
| Income 48k-75k | 12.40% | $5,252.00 |
| Income 75k-110k | 4.90% | $1,944.00 |
| Income 110k + | 3.05% | $695.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
772 RIC undergrads obtain grant aid (this is about 93% of the entire undergraduate student population). The average amount these students receive is $7,057.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.