We are committed to removing financial barriers that would otherwise prevent students from achieving their educational goals. In addition, we strive to deliver high quality services with professional competency and concern. Respect for the dignity of students and the privacy of confidential information is central to our mission, and we are dedicated to the equitable treatment of all applicants.
Most of the financial aid available at Rhode Island College is based on financial need. Financial need is simply the difference between your cost of attending Rhode Island College and the amount that you and your family is expected to contribute toward that cost.
Submit your FASFA form
Federal Student Aid [FSA] is education funding from the federal government (Department of Education). Federal student aid funds may cover tuition and fees, room and board, books and supplies, and transportation. Types of federal student aid include grants, work-study and direct loans.
Financial Aid Information and Forms
Submitting Verification Documentation
Students may submit verification documentation by mail, fax 401-456-8686 or our new Secure Electronic Drop Box - firstname.lastname@example.org. For security and confidentiality purposes, you must use your RIC e-mail account to send your documentation.
If you don’t have a RIC email please contact the ITS Help Center.
*Please note this is not an email address, it is only meant for sending documents securely to our office.
Federal regulations require all institutions which administer Title IV student assistance programs to monitor the academic progress towards a degree or certificate of students applying for funds. All students who have completed a Free Application for Federal Student Aid (FAFSA) and wish to be considered for Title IV federal aid such as federal Pell grants, Direct loans, and SEOG grants as well as other types of assistance must meet the criteria stated in the policy.
Regulations require the financial aid policy to be at least as strict as the institution’s academic standing policy and therefore these standards have recently been updated to be consistent with recent changes in the college’s Academic Standing Policy. The new standards are effective for all aid applicants for the 2020 – 2021 financial aid year and beyond.
Your financial aid eligibility is based on the Satisfactory Academic Progress (SAP) standards that the Rhode Island College’s Financial Aid Office is required by the U.S. Department of Education to establish, publish, and apply. The Financial Aid Office measures your academic performance and enforces SAP standards to ensure that you, as a financial aid recipient, progress toward graduation. If you fail to meet these standards, you become ineligible to receive financial aid until you meet all requirements.
Financial aid recipients will be reviewed for satisfactory progress at the end of the spring semester after grades are posted. A student who does not meet the satisfactory academic progress standards will be terminated from financial aid assistance. An aid-terminated student is ineligible for any further financial aid, including student loans, until satisfactory academic progress is re-established. Readmission to a program or removal from academic probation does not automatically constitute eligibility for federal aid.
Standards of Measuring Academic Progress
at Rhode Island College
1) Qualitative Component: Students must meet minimum cumulative G.P.A. requirements as more credits are attempted (see chart below).
2) Quantitative Component: The quantitative component requires you to complete your degree within a maximum timeframe. You are eligible to receive financial aid for a maximum timeframe of 150 percent of the published degree credits required to complete your program. Since an undergraduate degree program at Rhode Island College requires 120 degree credits, you are eligible for financial aid up to 180 attempted credits.
a. The ratio between attempted and completed credits determines your credit completion ratio. Students are required to meet the completion ratio as outlined in the chart below.
b. Incompletes, Withdrawals, ESL credits, remedial credits and Repeats all count toward completion percentage as attempted credits. "I" (Incomplete) grades are not considered passing grades.
c. Transfer Credits are counted in the total number of attempted and completed credits.
3) Both components apply to double majors, or students who change majors
Students applying for the 2020 – 2021 Aid Year and beyond will be evaluated in accordance with the schedule below:
|CREDITS ATTEMPTED||REQUIRED SUCCESSFUL COMPLETION||MINIMUM CUMULATIVE G.P.A.|
|0 to 12||-----||-----|
|13 to 36||60%||1.80|
|37 to 180||67%||2.0|
1) Students must complete the Appeal Form and follow the instructions on the form. Appeals should be based on personal injury, illness, family difficulties, death of a relative, or other extenuating circumstances beyond the student’s control.
2) If more than one semester is needed to comply with the SAP policy as detailed above, it is recommended that your appeal include an advisor-approved academic plan that if followed will ensure you will be able to meet SAP requirements by the end of the specified semester.
3) If your appeal is approved, you will be placed on “financial aid probation” and as long as you meet all requirements of the approval letter, follow your academic plan (if applicable) and maintain your degree status, you may continue to receive financial aid.
4) The Deadline for appeals is no later than four weeks prior to the end of the semester for which aid is desired.
Appeal Notification Process
1) Students will be notified of the appeal decision via an email sent to your RIC email address. Allow up to three weeks for processing appeals.
2) Subsequent appeals of the same nature are not permitted.
3) All appeal decisions are final.
Reinstatement of Eligibility
When a student has made satisfactory progress as outlined above for a particular semester without the benefit of student financial aid, the student must contact the Office of Student Financial Aid and request a Satisfactory Academic Progress re-evaluation. The student will then be reinstated to an eligible status for the subsequent term.
Federal regulations require that students borrowing from the Federal Direct Loan and/or Graduate PLUS programs receive loan counseling at two points in the borrowing cycle. Entrance Counseling is required prior to the first disbursement of a loan, and Exit Counseling is required at the time that a student graduates, drops below half-time status or leaves the College.
Entrance and Exit counseling may be completed on-line by clicking on the link below. The link will bring you to an interactive federal website. Entrance Counseling will be found under the "Complete Aid Process" tab, and Exit Counseling is listed under the "Manage Loan" tab. You will need your federal FSA ID to log in. The FSA ID has replaced the federal PIN. Instructions for creating an FSA ID are provided at the website link below.
Links and Resources
Financial Aid Information
- Complete the FAFSA On-Line
- FinAid - The SmartStudent Guide to Financial Aid
- Federal Aid First Brochure (covers the advantages of federal student loans)
- Federal Direct Consolidation Loan Information Center
- Federal Direct Loan Electronic Master Promissory Note web site
- Federal Student Aid
- Net Price Calculator