Loan Request Form
To receive a loan from CCRI you must complete a Loan Request Form. Student Loan Information
can be found here.
2025-2026 Loan request form
For Fall 2025, Spring 2026, & Summer 2026.
Types of Federal Loans
Federal Direct Loans are available to students who qualify for federal financial aid
and are enrolled in at least six credits per semester. If you decide to borrow, there
are two types of Federal Direct Loans: subsidized and unsubsidized. Eligible parents
of dependent students can also take out Direct Parent PLUS loans.
Federal Subsidized Direct Loans
These loans are available based on your demonstrated financial need, determined by
information provided on your FAFSA®. The federal government will pay the interest
on a subsidized loan while you are in school at least half-time. Repayment is deferred
until students graduate, withdraw or enroll less than half-time. An origination fee
is charged at disbursement.There are limits on how much you can borrow based on your
year in school.
Federal Unsubsidized Direct Loans
Unsubsidized direct loans are available for students who don’t demonstrate financial
need. You are responsible for all interest that accrues on the loan. You may choose
to make interest payments while in school or defer interest payments, which will then
be added to the principal of the loan. There are limits on how much you can borrow
based on your year in school.
Federal Parent PLUS Loans
PLUS loans enable parents with good credit histories to borrow money to help pay for
their child’s college expenses. The student must be enrolled at least half-time in
a degree program. Parents can borrow up to the student’s full cost of education less
other types of financial aid. If your family is interested in borrowing a Parent PLUS
loan, please contact your Financial Aid Counselor.
Loan Exit Counseling
If you are leaving or graduating from CCRI and you have borrowed a Federal Direct
Loan, you are required to complete Loan Exit Counseling. Click here for exit counseling.
Steps to Apply for a Loan
You must be enrolled in at least six credits required for your degree or certificate
program and have completed a FAFSA. You can also follow these steps:
- Complete BOTH the Master Promissory Note and Loan Entrance Counseling for Subsidized/
Unsubsidized loan type at studentaid.gov.
- After completing the Master Promissory Note and Entrance Counseling, contact your Financial Aid Counselor to determine the amount you need to cover your tuition, fees, books, and other qualified
expenses.
- Once the semester begins, go to class! Attendance in six credits is needed to maintain
eligibility for your loan.
WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM
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.