by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Curious about the financial aid opportunities at URI and what you may be eligible for? Explore the answers here.
$14,929.00 is the typical University of Rhode Island’s first year financial aid package. 98% of reshman students get financial aid, most of which is in the form of 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 loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from University of Rhode Island you may end up taking on.
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 stats below refer to aid that is provided by University of Rhode Island.
90% of incoming freshmen (2894 total) were given scholarships at University of Rhode Island, averaging $10,105.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 26% of freshmen (834 total) received a federal grant, for about $5,256.00 a person.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.75% | $18,164.00 |
| Income 30k-48k | 5.15% | $16,738.00 |
| Income 48k-75k | 4.50% | $12,208.00 |
| Income 75k-110k | 5.15% | $7,543.00 |
| Income 110k + | 6.42% | $3,788.00 |
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.
Of the 3222 undergraduate students at University of Rhode Island around 98% (2902 total) receive some form of grant aid. The typical amount awarded was $14,929.00.
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.