Salve Regina University Financial Aid and Scholarships
Students Receiving Aid
94%
Total Aid Amount
$45.402M
Financial Aid Official Website
www.salve.edu/office-service/financial-aid
Salve Regina University (SRU), Newport, Rhode Island, provides financial assistance on the basis of the family’s ability to contribute. Last year, the university awarded over $45,401,506 in financial aid through scholarships, grants, loans, and work-study assistance.
About 94% of students receive grants per year. These monetary benefits enable students to pay for their education without even having to repay back if it is in the form of scholarships and grants. Also, remember that you have a work-study program where a student will be involved in part-time work to pay for his tuition.
Planning on how to pay for college can be challenging. We’re here to help guide you through the financial aid process and provide assistance with your student account. Don’t stress about student finances, you’ll have enough to do, like hanging out with friends and studying for your classes.
Scholarships
University provides scholarships on the basis of student’s academic achievements, proven leadership, and participation in extracurricular activities- both in their schools and their communities. SRU’s merit-based scholarships are offered through the following programs:
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Academic Scholarship is applied to all the newcomers at the University, it is offered to those whose academic performance is excellent which is based on high school transcripts, SAT/ACT scores, and class rank.
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Regina Scholarship is for those who are the toppers in each class based on their cumulative GPA score.
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Martin Luther King Jr. Scholarship, to get this scholarship you must be a member of recognized minority group (African American, Hispanic, Asian American, or Native American).
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Salve Regina Merit Scholarship is awarded to the students based on the strength of their academic record
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President’s Scholarship is offered to the fresher students of the university of $5,500 per semester.
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Dean’s Graduate Scholarship awarded to graduate students who have achieved academic achievements.
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Faculty Scholarship, awarded to those who scored excellent high school grades.
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University Scholarship awarded based on a combination of ACT/SAT scores.
International Scholarships
International scholarships are for international applicants, students get eligible for this scholarship automatically if they fill the Merit-Based Scholarship forms in the first year of their academic session.
Grants
Grants are gift assistance which is awarded on the basis of financial aid. Various grants awarded to the students at the university are as follows:
Federal Grants
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Federal Pell Grant, awarded only to those students who have not earned a bachelor’s degree.
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Federal Supplemental Educational Opportunity Grant(SEOG), this grant is awarded to those students who have less financial need.
State Grants
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Salve Regina Grants are the need-based awards, its eligibility is determined by your FAFSA information and the cost of attendance.
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Salve Regina Residential Scholarships are awarded to the students who are residents of Rhode Island.
Loans
University provides loans to the students so that they can afford to pay for their education, this facility provided by the University really helpful for those applicants who are in need of financial support. Around $5,320 the average federal loan amount is offered to the students of the University every year. Some of the educational loans offered by the SRU are mentioned below:
Federal Perkins Loan
Federal Perkin loans have varying loan limits and it depends on the year in school. Limits for undergraduate students to get this loan is up to $5,500 per year and for graduate and professional students, the annual loan limit is $8,000.
Direct Subsidized and Unsubsidized Loan
These loans have varying loan limits depending on the year in school, dependency status, and the amount awarded by the institution.
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