University of Rhode Island Financial Aid Application Information

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Financial Aid Application Information

Most financial aid at the University of Rhode Island is awarded to students on the basis of demonstrated financial need. To determine financial need, the University employs the Free Application for Federal Student Aid (FAFSA): www.fafsa.ed.gov, which calculates the expected family contribution (EFC). At the time your financial aid application was reviewed, you were considered for all types of financial assistance: grants, loans, and employment. The composition of your financial aid package was determined by taking into consideration the total number of financial aid applications, the available funds, your financial need, the date of your application, your preference for specific types of aid and, for entering students, your date of admission. Note that we expect your family to bear primary responsibility for financing your college education.

Fill Out a FAFSA
Your first step is to fill out the Free Application for Federal Student Aid (FAFSA), regardless of your family’s financial status. Your FAFSA information determines your eligibility for a broad range of financial aid. Even if you do not have financial need according to your FAFSA results, everyone qualifies for some form of financial aid. Free Application for Federal Student Aid

Priority Deadlines
If you submit your FAFSA by the priority deadline of March 1, you increase the likelihood that you will receive grants and/or scholarships that do not have to be repaid. While gift aid is the most desirable type of aid, some funds may be limited. Once funds allocated for the year have been exhausted, no more awards can be made, even though you may be eligible. You may apply for other sources of financial aid, such as the Federal Pell Grant and direct subsidized and unsubsidized loans, throughout the academic year.

School Code 003414
Be sure your completed FAFSA includes the University of Rhode Island Federal School Code 003414. The federal processor uses the code to send the University your FAFSA results, on which your financial aid eligibility is determined.

Renewal of Awards
Financial aid is awarded annually, and you must reapply each year. The amount you receive each year can vary according to your financial need, the number of needy students, and the availability of funds. The recommended filing date is each January/ February.

*Awards Are Subject to Change. Offers of aid are extended on the assumption that the programs will be continued and that sufficient funds will be appropriated by the U.S. Congress. If, for some reason, one or both of these conditions are not met, it might become necessary to withdraw or alter the aid offer. If this should become necessary, you will be notified.

**You will be required to repay any amount you are over awarded. An over award occurs when your total resources exceed your financial need. You should understand that the University reserves the right to adjust, both in type and amount, any financial aid award for which it is responsible.