Community College of Rhode Island

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Financial Aid Terms and Conditions

Financial aid awards are based on students maintaining satisfactory academic progress as outlined on the College website.

The Financial Aid Office (FAO) will certify enrollment status at the end of the add/drop period for each semester. If students are registered for classes, but do not attend beyond the add/drop period, they must officially drop the course(s) or be financially responsible for all charges incurred. All awards will be adjusted at this time to reflect actual enrollment status. If students choose to take classes outside their program of study, they may be required to cover the cost from their own resources.

Students must be enrolled at least half-time (six credits) to be eligible for Rhode Island State Grant, and to receive priority funding for Federal College Work Study (FCWS) and Federal Supplemental Opportunity Grant (FSEOG). Students may be eligible for a Pell Grant if enrolled less than half-time. Direct Loan recipients must be enrolled for at least 6 credits at the time the loan is disbursed.

Financial Aid does not pay for audited classes, challenge exams or CLEP tests.

Students are required to notify the Office of Enrollment Services (OES)/FAO if they receive financial assistance such as a scholarship, grant, or loan from an outside source since this may affect their eligibility for financial aid. Students must also notify OES if they change their name or address. The College will use students’ financial aid funds to pay for outstanding tuition, fees, and other charges. Remaining funds will be disbursed during the semester.

If a student receives aid they are not entitled to, it will be their responsibility to repay those funds. If a student takes courses at two institutions during the same time period, they may only receive financial aid from one of the institutions.

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Qualifying for Aid

To be eligible for federal, state and institutional aid, students must meet the following criteria:

  1. Demonstrate financial need (may not be required for some loan and institutional programs)
  2. Have a standard high school diploma or GED
  3. Be enrolled in a college credit program or an eligible certificate program
  4. Maintain financial aid standards of academic progress in program of study
  5. Not be in default or owe a repayment of Title IV funds
  6. Have a valid Social Security number
  7. Be a U.S. citizen or an eligible non-citizen with permanent residency status and alien registration identification number
  8. Be registered with Selective Service (males between the ages of 18 and 25)
  9. Have not borrowed in excess of loan limits under the Title IV program
  10. Have not exceeded Pell Grant Lifetime Eligibility
  11. Must have all requested documents on file before disbursements are made
  12. All first time Federal Direct Loan borrowers at CCRI must complete Entrance Counseling and a Master Promissory Note (MPN).
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Conditions Affecting Eligibility

All financial aid recipients will be required to repay a percentage of funds disbursed if they officially withdraw from college or stop attending all classes before 60 percent of the term has been completed. Financial aid funds will be terminated if a student is in violation of Satisfactory Academic Progress. Corrections made to a Student Aid Report (SAR) can cause changes in award amounts. Awards are based on full time enrollment. Dropping or withdrawing can cause student's financial aid to be adjusted or canceled.

Credit Hours

Status

12 credits or more

Full-time status

9-11 credits

¾ time status

6-8 credits

½ time status

1-5 credits

 Less than ½ time status

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Paying the Bill

Students' financial aid award will automatically be applied towards their bill. Students may be able to use their financial aid to purchase books at the College Bookstore (if eligible). If a student's financial aid award is not enough to cover tuition and fees, the student is responsible for the balance of their bill. To view CCRI’s current cost of attendance, please visit http://www.ccri.edu/oes/fa/glossary.html#COA.

The Financial Aid Office reserves the right to adjust awards due to changes in student's eligibility or the availability of funds.

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This page developed and maintained by Office of Enrollment Services. Send comments and suggestions to .


Last Updated: 8/20/14