Federal Financial Aid Programs
Federal Direct Parental Loans for Undergraduate Students (PLUS)
Federal Direct PLUS Loans allow parents of dependent undergraduate students to borrow up to the full cost of college less other student aid. There is no need requirement for the PLUS loan, but the student must file a FAFSA and parents must pass a credit review in order to qualify for the loan. Repayment may be deferred for up to six months after the student is no longer enrolled at least half-time. However, interest does accrue on the loan and is capitalized into the loan principal before repayment begins. The interest rate on these loans is fixed at 7.00 percent. Federal Direct PLUS Loans have an origination fee of 4.276 percent.
Federal Pell Grants
Eligibility for a Federal Pell Grant is determined by the United States Department of Education, using a national formula. These grants range up to $5,920 annually. Actual awards vary according to the cost of attendance, the student’s enrollment status (full, three-quarter, half or less than half-time) and a family’s expected contribution.
Federal Perkins Loans
Perkins loans are long-term, low-interest (5 percent) loans. Eligibility for a Federal Perkins Loan is based on financial need as determined by the Office of Student Financial Aid using information from the FAFSA. Annual loan amounts may total up to $5,500 for undergraduates. The cumulative borrowing limit is $27,500 for undergraduates. Actual award amounts vary depending on federal funding levels, and priority is given to those applicants with the greatest need. Repayment begins nine months after graduation or after dropping below half-time status (6 credits per semester). Students may be allowed up to 10 years to repay; however, a minimum monthly repayment of $40 is required. This program will be gradually phased out after the 2015-2016 academic year. Only students who received loans at Rhode Island College prior to 2015-2016 will be eligible for loans in subsequent academic years. Federal Perkins loans are no longer available to graduate students at Rhode Island College.
Federal Direct Loans
Eligibility for a subsidized Federal Direct Loan is based on financial need as determined by the Office of Student Financial Aid using information from the FAFSA. Subsidized loans are interest-free during the student’s period of enrollment. Students have a six-month grace period after leaving school or dropping below half-time status before repayment begins, but interest will accrue during this period. Unsubsidized Direct Loans, which do not require financial need, have an interest charge during the in-school and grace periods.
Effective July 1, 2017, both subsidized and unsubsidized loans for undergraduate students have a fixed interest rate of 4.25 percent. Both loans also have a 1.069 percent origination fee. In addition, as of July 1, 2012, subsidized loans are limited to undergraduate students.
Annual loan limits are as follows:
$5,500 for freshmen, but only $3,500 can be subsidized.
$6,500 for sophomores, but only $4,500 can be subsidized.
$7,500 for upper-class undergraduates, but only $5,500 can be subsidized.
$20,500 for graduate students.
Independent undergraduate students (as determined by the FAFSA) may be eligible for an additional unsubsidized loan of $4,000 in the freshman and sophomore years and $5,000 in the junior and senior years.
Aggregate loan limits are as follows:
$31,000 for undergraduate dependent students, but no more than $23,000 can be subsidized.
$57,500 for undergraduate independent students, but no more than $23,000 can be subsidized.
$138,500 for graduate students.
Federal Supplemental Educational Opportunity Grants
Eligibility for a Federal Supplemental Educational Opportunity Grant is based on financial need as determined by the Office of Student Financial Aid, using information from the FAFSA. Awards range from $100 to $4,000 per year, depending on funding and student need. Priority for funding is given to students who are eligible to receive Federal Pell Grants.
Federal Work-Study Program
This is a part-time employment program based on financial need. A work-study award is paid biweekly at an hourly rate based on hours worked. Wage rates reflect both the level of responsibility and the experience of the student worker. Eligibility is determined by the Office of Student Financial Aid using information from the FAFSA. The Career Development Center helps students with work-study awards identify opportunities both on and off campus; however, Rhode Island College cannot guarantee that a student will secure a work-study position.
State Financial Aid Programs
RI Stay-the-Course Scholarship
The Stay-the-Course Scholarship at Rhode Island College is funded by an allocation from the Rhode Island State Higher Education Opportunity Grant program. The scholarship is awarded by the Office of Student Financial Aid to Rhode Island residents after completion of the freshman year at RIC. The scholarship is designed to increase our graduation rate by enabling these students to continue full-time study in their second through sixth years at the college by reducing the need to work long hours off-campus. To qualify, a student must enter RIC at or during the freshman year, enroll full-time, be eligible for the federal Pell Grant and have a minimum cumulative GPA of 2.75. The scholarship will cover up to the difference between the standard cost of full tuition, registration fees, an allowance for books and the funds provided by the Pell Grant, Supplemental Educational Opportunity Grant and merit-based scholarships. However, no scholarship will exceed need or 60 percent of a student's annual cost of attendance. Recipients must remain Pell-eligible, continue full-time enrollment and maintain a cumulative GPA of at least 2.75 for renewal in subsequent years. Renewal scholarships are subject to continued state funding, and students filing the FAFSA by our March 1 deadline will receive priority.
Other State Financial Aid Programs
Guidelines for applying for state scholarship/grant programs vary, so students should inquire at the appropriate agency in their state of legal residence regarding application procedures.
Names, addresses and telephone numbers of other state scholarship agencies are available upon request from the Office of Student Financial Aid.
Rhode Island College Need-Based Grants and Scholarships
RIC Scholars Program
This program provides scholarships of $2,500 to entering freshmen with exceptional financial need and academic promise. These awards require full-time enrollment and may be renewed for up to four years of study based on need and a cumulative GPA of at least 2.5. Eligibility is determined by the Office of Student Financial Aid using information from a student’s academic record and FAFSA.
Rhode Island College Grants
Rhode Island College grants ranging from $100 to $13,600 are awarded by the Office of Student Financial Aid to students with demonstrated financial need. All applicants are required to file the FAFSA. In addition, new freshmen and transfer applicants are required to file the Rhode Island College Financial Aid Application in order to be considered for this program. Award decisions depend on level of need, year in school, academic record and date of application.
Rhode Island College Transfer Scholar Awards
These awards range from $2,500 to $5,000 and are based on academic achievement as well as financial need. To be considered, an entering transfer student must have a cumulative GPA of at least 3.25 as determined by the college Office of Undergraduate Admissions at the time of acceptance. Eligibility is determined by the Office of Student Financial Aid, using information from both the FAFSA and the Rhode Island College Financial Aid Application. Awards may be renewed for up to three years of study based on need and maintenance of a cumulative GPA of at least 3.0.
Financial Aid for Summer Sessions
In addition to filing the FAFSA as outlined above, students who desire financial assistance for summer sessions must submit a Rhode Island College Application for Financial Aid – Summer Sessions. This form is available from the Office of Student Financial Aid on or about February 1 each year. Summer session aid is contingent upon the availability of funds and normally consists of Pell Grants, Federal Direct Loans and Federal Work-Study. To be considered for Federal Work-Study for summer sessions, the FAFSA must be received at the federal processing center by March 1 and the Application for Financial Aid – Summer Sessions must be received in the Office of Student Financial Aid by April 1.
Academic Scholarships
Rhode Island College recognizes superior academic achievement through the awarding of scholarships. Detailed information on the financial scholarships listed below are available from the department or office noted with the entry.
Adjutant General, Office of
Colonel John Joseph and Mary Drew Prybyla Rhode Island National Guard Scholarship Fund
Admissions, Office of Undergraduate
Presidential Scholarships
Alumni Affairs, Office of
Noreen Ackerman ’80 Scholarship
Frank and Agnes Campbell Scholarship
Alumni Children Academic Scholarship
Alumni Freshman Award
Alumni Graduate Scholarship
Alumni RICochet Fund
Alumni Scholarship Awards
Class of 1951 Scholarship
American Federation of Teachers at Rhode Island College (AFT@RIC)
Donald C. Averill Scholarship
Biology, Department of
Mary M. Keeffe ’28 Award for Excellence
Lloyd Matsumoto Biology Scholarship
Earl H. Webster Scholarship Fund
Counseling, Educational Leadership and School Psychology, Department of
Helene Penza Scholarship Fund (Master’s Program)
English, Department of
Catherine Annette Ducey Scholarship
English Department Scholarship
Donald F. Lyons Scholarship Fund
John J. Salesses Scholarship
Feinstein School of Education and Human Development
Thomas Barry ’65 and Louise Barry ’64 Endowed Scholarship
Doris M. Bettez ’42 Scholarship
Joan M. Calise ’57 Scholarship
S. Elizabeth Campbell ’31 Fund
Geraldine A. Carley Scholarship
Elizabeth S. Carr Scholarship
Class of 1938 Scholarship
Class of 1940 Scholarship
Class of 1941 Scholarship
Class of 1942 Scholarship
Class of 1943 Scholarship
Class of 1947 Scholarship
Class of 1952 Scholarship
Class of 1953 Scholarship
Class of 1955 Scholarship
Class of 1959 Scholarship
Phyliss St. Germain Crawford ’66, ’70 Scholarship
Margaret Day ’63 and Edward Day ’61 Scholarship
Lillia Moura deMelo ’49 Scholarship
Endowed Scholarship for the Support of Diversity
Helen Forman Special Education Scholarship
Sarah T. Foster Scholarship
Patricia Galvin ’62 and Dee McCarthy ’62 Scholarship
Donna Gentili ’70 Endowed Scholarship
Abbie Hoisington Memorial Scholarship for Special Education
Carol Horrocks ’56 Art Education Scholarship
Andrea B. Isserlis ’64 Special Education Scholarship
Kanakry ’65-Clarke ’92 Scholarship
Thomas G. King Memorial Scholarship
Renato and Elena Leonelli Physical Science Scholarship
Helen Wynaught Lindstrom ’39 Endowed Scholarship
Joseph R. Lunt Science Teaching Scholarship
Louis A. Marciano ’60 and Gloria Petrucci Marciano Scholarship
Gilda R. Martone ’38 Endowed Scholarship Fund for Education
Dorothy Frances (Kelly) McCartin ’43 Scholarship
Mary S. McGrath ’48 Scholarship
Bertha McKee ’27 Scholarship
Lt. W. Lee Menconi Endowed Memorial Scholarship
John Milligan ’73 and Patricia M. Milligan ’69 Scholarship
Marguerite C. Morey Scholarship
Ethel Murphy Scholarship Fund
Mary E. Murphy ’27 Scholarship
Wilhelmina A. Null Memorial Science Scholarship
Olga M. Lusi O’Brien ’45 Endowed Scholarship in Elementary Education
Dolores Palombo Memorial Endowed Scholarship Fund
Dorothy Pieniadz Scholarship
Providence Teachers’ Association Memorial Scholarship
Rhode Island Council on Economic Education Scholarship
Juliet Romano Endowed Scholarship
Romeo R. Romano Endowed Scholarship
Angelo and Antoinette C. Rosati Endowed Scholarship
Phyllis Moverman Salk Scholarship Fund
Anne B. Saute Scholarship Fund
Raquel Shapiro ’60 Scholarship
Paul V. Sherlock ’60 Endowed Scholarship
Bernard H. Singleton ’63 Scholarship
John J. Smith ’63 and Anna Veronica Smith ’33 Scholarship
Vera Sohigian Endowed Scholarship in Education
Josephine A. Stillings Scholarship
Mary E. Tremblay ’69 Endowed Scholarship
John and Happy White Scholarship in Teacher Education
B. Ruby Winnerman and Harriet J. Winnerman Memorial Scholarship Fund
Arthur M. Zarrella Endowed Scholarship
Financial Aid, Office of Student
Anna H. Blankstein ’41 Scholarship
George Giacomo Cairo Scholarship
Class of 1939 Scholarship
Class of 1950 Scholarship
Class of 1954 Scholarship
Class of 1956 Scholarship
Richard Dawson Memorial Scholarship
Alma Bishop Doley Endowed Scholarship
Robert and Helene ’36 Falvey Scholarship
Aime J. and Gertrude B. Forand Scholarship Fund
Mae E. Godfrey Scholarship
Harrington ’59 and Nolan ’59 Scholarship
David M. Harris Memorial Scholarship
Laura Fachada Lally Memorial Scholarship
Robert L. Lombardi ’86 Endowed Memorial Scholarship
Mary F. Luzzi Scholarship
Anthony Masi M.Ed. ’74, C.A.G.S. ’77 and Lillian J. Masi Endowed Scholarship
Celia Munir Scholarship
John Nazarian Scholarship
Armand I. Patrucco Endowed Scholarship
Vincent Pelene Fund
Rotary Club of North Providence Scholarship
Ethel Salhany Memorial Scholarship
Joseph Salvatore ’39 Scholarship
Edna M. Snow ’77 Scholarship
State Scholarships
Richard Zorabedian Memorial Scholarship Fund
Honors Program, College
Director of Honors Scholarship
Eleanor M. McMahon Rising Junior Scholarship
John Nazarian Honors Scholarship
Rhode Island College Faculty Honors Scholarship
Rhode Island College Foundation Honors Scholarship
Rhode Island College Honors Project Grant
Ruth Williams ’33 Honors Scholarship
Management, School of
Peter W. Harman Scholarship
David M. Harris Memorial Scholarship
Operations Management Scholarship
Raymond H. Trott Scholarship
Mathematics and Computer Science, Department of
Nancy Humes ’68 Scholarship
Miscellaneous
1st. Lt. Gregory F. Zavota Humanitarian Scholarship
Michael J. “The Doc” Gonsalves ’86 Scholarship
Therese Sullivan ’46 Scholarship
Tess Hoffman Film Studies Scholarship
Michael A. Valerio ’80 Communications Scholarship
Modern Languages, Department of
Leonelli Family Memorial Scholarship
Music, Theatre and Dance, Department of
Ernest C. and Dorothy H. Allison Scholarship
Louis Appleton Memorial Scholarship
Bicho Family Memorial Scholarship
MaryAnn Dinunzio ’65 Memorial Scholarship
Marjorie H. Eubank Scholarship
Sylvan R. and Helen Forman Scholarship
Mark E. Goldman Theatre Scholarship
John A. Kelly Theatre Scholarship
Michael S. Kroian Sr. Endowed Scholarship
Katherine Bryer Krueger Scholarship
Francis M. Marciniak Music Education Scholarship
John Pellegrino Scholarship for Brass Students
Thomas R. Pezzullo Memorial Scholarship
Jeanne Aubin Rose ’62 Scholarship
Robert D. Soule Technical Theatre Scholarship Fund
Melody Stappas Memorial Scholarship
Meredith M. Thayer ’68 Scholarship
Nursing, School of
Mary R. Brunell Nursing Scholarship
Karla Carroll ’95 Nursing Scholarship
William F. Ciambrone Memorial Endowed Scholarship
Class of 1957 Scholarship
Debra Dumont Memorial Scholarship Fund
Mary E. Love Scholarships
Doris Mathewson ’74 Scholarship
Eleanor M. Olson Nursing Scholarship Award
Jean Schmieding Scholarship Award
Political Science, Department of
Maryellen Hoye Memorial Fund
Richard R. Langevin Scholarship
Shea and Tolman High Schools
Myrtle Karlin Scholarship
Helen L. Nolan Scholarship
Social Work, School of
Hasbro Scholarship
Ida Maiello Memorial Scholarship
Sociology, Department of
Maryellen Hoye Memorial Fund
Student Affairs, Office of
Frank A. and Camille S. Bucci Scholarship
Michelina “Miki” Doretto Santos Veteran/Veteran Spouse & Upward Bound Scholarship
Student Community Government, Office of
Beverly L. McGinnis Scholarship
Study Abroad Office
Portuguese Studies Abroad Fund
Ridgway F. Shinn Jr. Study Abroad Fund
Talent Awards
Special Talent Awards were established to recognize and encourage students who have exceptional talent or skill in the visual and performing arts, areas of intercollegiate competition (other than athletics) or similar fields. Currently, Rhode Island College offers awards in the following areas: art, communication, dance, film studies, music and theatre. While the requirements for these awards vary by department, award competition is open to entering freshmen and transfer students. Awards range from $100 to $2,500. Applicants should contact the academic department or program advisor in their area of interest.