Rhode Island School of Design (RISD) Financial Aid, FAFSA/Federal School Code, Scholarships and Deadlines 2022

$5,493

Avg. Federal Grant

$5,279

Avg. Federal Loan

$19,829,332

Total Aid Awarded

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Rhode Island School of Design (RISD) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

39%

Total Aid Amount Average Total Aid Awarded per year.

$19.829M

Financial Aid Official Website

www.risd.edu/student-financial-services

In order to make the University courses a bit more affordable, the University offers an option of scholarships, grants, and student loans. The amount of financial aid provided by the University depends on the income profile of the students which in turn affects the Net Price payable.

The students who are opting for any sort of financial aid must fill the federal school code (FAFSA code) which is 003409.
One must provide residency proof and family income proof before applying for financial assistance.
The average institutional aid received per year sums up to $19.892M that is benefited 39% of the net student population.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

22%

State Grant Aid

N/A

Institution Grant Aid

36%

Pell Grant

22%

Average Aid Awarded

Federal Grant Aid

$5,493

State Grant Aid

$850

Institution Grant Aid

$26,074

Pell Grant

$4,582

The financial aid in RISD is awarded on the following manners:

An estimated 22% of the students undergoing any University Major program avails a Federal Grant Aid worth $5,493.
22% of students are benefited by the Pell Grants worth $ 4,582.
The State Grant Aid provides assistance of $850.
36% of the students avail Institutional Grant Aid worth $26,074.

For more information on financial aid, refer to this link.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$34,318

$30,001 - $48,000

$30,592

$48,001 - $75,000

$30,861

$75,001 - $110,000

$20,005

Over $110,000

$11,296

The Federal-Aid provided by the University depends on the Net Family income:

For income ranging from $0 to $30,000, the average Federal Aid issued is $34,318.
For $30,001 to $48,000, the net assistance given becomes around $30,592.
Income ranges from $48,001 to $75,000, the aid amount becomes $30,861.
For more than $75,001 to $110,000, the average Federal Aid is $20,005.
For income more than the above range, the payable net price would be $11,296.

Student Loans for Rhode Island School of Design (RISD)

Average Loan Amount Average Loan Amount received per year.

$8,157/Year

Students Taking Out Loans

35%

Loan Default Rate

3.1%

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