Available Types of Aid
Information and videos
The Community College of Rhode Island offers financial assistance to students who might otherwise be unable to further their education without such support. Depending on the type of aid, eligibility is based on one or more of the following criteria: financial need of the individual (in the case of dependent students, family need is used), educational costs, academic program and availability of funds.
A federal grant awarded when the student does not have a B.S./B.A. degree equivalent. Awards are based on students’ enrollment status and their expected family contribution. Awards for full-time students range from $657 to $6,195 per academic year.
Federal Supplemental Educational Opportunity Grant (FSEOG)
A federal grant that is awarded when a student demonstrates exceptional need and does not have a B.S./B.A. degree or equivalent. The award amount is $150 per semester; students must be enrolled in a Title IV eligible program, priority is given to students enrolled in at least six (6) credits.
Federal College Work-Study Program (CWS)
A federal work program that provides jobs to help pay for educational expenses. This program encourages community service and work related to the student’s course of study. Students will be paid at least the federal minimum wage and can work up to 15 hours per week. To qualify, students must demonstrate financial need. Students must be enrolled in at least six (6) credits.
A CCRI institutional non-need-based student work program on campus. Student will be paid at least the federal minimum wage and can work up to 15 hours per week. Students who are not eligible for need-based FWS work may be considered for the Student Help program. Students must be enrolled in at least six (6) credits.
Rhode Island Supplemental Grant (formerly RI State Grant)
Pell Grant recipients, who are RI residents, enrolled at least half time (6 credits,) in need of additional free aid to pay for tuition and fees may be awarded the RI Supplemental Grant. The grant may be prorated based upon students’ enrollment status when considering the amount of grant to be awarded. The amount of the grant awarded will be reflective of all free aid and waivers received.
CCRI institutional grant for students enrolled in an eligible certificate or degree-granting program. Student must be enrolled for at least six (6) credits each term and meet certain eligibility requirements.
Awarded by the CCRI Foundation to assist incoming, continuing, graduating and transferring students in meeting their financial needs. More than 70 scholarships, which are need-based and/or merit-based, are awarded to deserving students each year. For detailed information please visit www.ccri.edu/foundation/scholarships/.
WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM
Federal Direct Subsidized Loan
Need-based, federally subsidized loans with a fixed rate for undergraduate students. Repayment is deferred until students graduate, withdraw or enroll less than half-time. Interest is paid by the federal government until students graduate, withdraw or drop below half-time enrollment. An origination fee is charged at disbursement.
Federal Direct Unsubsidized Loan
Not based on need. “Unsubsidized” means the interest is not deferred while in school. However, repayment may be deferred until after students graduate, withdraw or drop below half-time enrollment. Unsubsidized loans have a fixed interest rate. An origination fee is charged at disbursement.
Federal Direct Parent Loan for Undergraduate Students (PLUS)
PLUS loans allow parents of dependent undergraduate students to borrow up to the cost of education minus other financial aid. There are no aggregate loan limits. The program has a fixed interest rate. An origination fee is charged at disbursement.
Private Education Loans
Private education loans are an alternative financing option to cover costs associated with attending college. These are typically credit-based educational loans that are provided through various private lenders or state loan authorities. Since these loans are credit-based a credit worthy U. S. borrower is required, and many times a co-borrower is necessary.