Loan Request Form
To receive a loan from CCRI you must complete a Loan Request Form.
2024-2025 Loan request form
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.
Federal Direct Student Loans at the Community College of Rhode Island
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.
Private Education Loans at the Community College of Rhode Island.
Average Student Debt
In 2023-2024, 25% of our students borrowed federal loans with an average debt of $11,482.