Financial Aid award recipients can access their award information on-line! Upperclass students may begin to view their awards in the last week of June. Please visit our website at www.uri.edu/ecampus to access URI's e-Campus software that will allow students to have on-line self-service accessibility to their entire financial aid, academic and billing portfolios.
You will find other important information concerning your awards in the following pages. Carefully read this notification so that you are aware of your responsibilities, the selection process, and the various programs.
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.
If you accept a loan, you will be required to complete a promissory note. You must be enrolled at least half-time to be eligible for these loan programs. The first three loan programs which are described below are funded through repayments from alumni and from an annual allocation from the federal government to which the University contributes a matching share. Interest accrues from the start of the repayment period. Borrowers under all of these four programs will be required to sign a promissory note and participate in entrance counseling prior to disbursement of funds. Enrollment Services and the Student Loan Office will conduct exit counseling, at which time you will be made aware of your rights and responsibilities prior to leaving the University.
Federal Perkins Loan
This loan is available to graduate and undergraduate students with exceptional financial need. This loan has an interest rate of 5 percent per year and repayment begins nine months after graduation or termination of at least half-time studies. Deferment of repayment provisions are on your promissory note. You must sign a Perkins Master Promissory Note if you have not done so already while in attendance at the University.
Health Professions Loan
This loan is available to financially needy students in the College of Pharmacy at an interest rate of 5 percent per year. The repayment period begins 12 months after graduation or termination of at least half-time studies.
This program is available to students with exceptional financial need enrolled in the College of Nursing. Repayment of this loan, whose interest rate is 5 percent per year, begins nine months after graduation or termination of at least half-time studies.
Federal William D. Ford Direct Loan Program
The University participates in the Federal William D. Ford Direct Loan Program. This program includes both student subsidized and unsubsidized loans, as well as Parent (PLUS) loans and Graduate (PLUS) loans. The University receives funds directly from the U.S .Department of Education and disburses them to eligible students. You are not required to submit a separate bank loan application to receive your loan funds.
For more information on these loan programs, visit:
Federal Pell Grants
These federally funded grants are currently awarded to exceptionally needy students. The amount varies due to federal funding levels. The amount of your Pell Grant is based on the Expected Family Contribution (EFC) noted on your Student Aid Report, the cost of attendance, and your enrollment status.
Academic Competitiveness and National SMART Grants
These two new federal grant programs are awarded to needy students who meet the criteria established by the Higher Education Reconciliation Act of 2005. For specifics on the eligibility criteria visit: www.fsa4counselors.ed.gov/clcf/grants.html for more information.
Federal Supplemental Educational Opportunity Grants
These grants are for undergraduates who are enrolled at least half-time with exceptional financial need. Priority is given to students who receive Federal Pell Grants.
The University provides funds for grants to several hundred students who are enrolled at least half-time. Awards are made to students with a satisfactory academic record and demonstrated financial need.
URI Foundation/Alumni Grants and Scholarships
Several hundred grants are provided by organizations, corporations, and alumni. These grants are awarded to students with financial need who meet the particular restrictions of the donor. Visit: www.uri.edu/catalog/cataloghtml/loansscholarshipawards.html for a complete listing of available scholarships.
Enrollment Services offers a referral and placement service to students seeking employment. Additionally, at the beginning of each Fall semester, a Student Job Fair is held in the Student Memorial Union to assist students in finding jobs on campus. Eligibility criteria for student employment can be found in the Student Employment Policy on the Enrollment Services Web site at: www.uri.edu/es under Student Employment Students must complete the appropriate paperwork, including an I-9 form and a drug-free form, through their University employer before beginning their employment. Students are paid biweekly at an hourly rate for the hours worked. Your employment award cannot be deducted from your term bill.
Federal College Work Study
This federally supported program provides part-time employment during the academic year. Your eligibility for this program is determined upon review of your financial aid applications. Your Federal College Work Study award represents the maximum amount you are allowed to earn during the academic year. The jobs may either be with University departments or with off-campus nonprofit, nonsectarian, nonpolitical agencies; federal, state, or local public agencies; or for-profit organizations. Students who do not secure employment by October will have their work study award cancelled. They may appeal to Enrollment Services for reinstatement.
America Reads Challenge/America Counts
Enrollment Services administers off-campus placements for qualified students to join in the national goals ensuring that all children read well and independently, as well as, understand arithmetic by the end of third grade.
The University also provides a student employment fund for eligible matriculated students.
Numerous states offer financial aid programs. Generally, you may apply for a state scholarship on the same free Federal form (FAFSA) that you submit to apply for other aid, although some states require that a separate application form be filed. It is recommended that you contact your State Financial Aid Authority for particulars. Rhode Island residents should contact the Rhode Island Higher Education Assistance Authority, 560 Jefferson Blvd., Warwick, RI (401) 736-1100.
Recipients of state scholarship awards will receive notification directly from their State Authority. Your anticipated award will appear on the Award Notification only after your scholarship agency notifies Enrollment Services of their offer.
Enrollment Services will assist you with information about alternative sources of financial assistance. They may include Veterans' Educational Benefits, Vocational Rehabilitation Benefits and outside loans. In addition, a variety of outside scholarships are offered annually by local clubs, businesses, labor unions, and service organizations. Several web sites are available to assist you in national scholarship searches: www.fastweb.com. To assist you in seeking RI-based sources of aid, we suggest: http://www.riheaa.org/sng/.
1. Read all of the messages on the Award Notification and respond accordingly.
2. You may accept or decline all or any portion of your awards by logging on to e-Campus: www.uri.edu/ecampus/ and navigating to the student Self Service section > Student Center > Accept/Decline Financial Aid; or by returning your award letter to Enrollment Services and circling the appropriate response to each award. Your response is due 14 days after your receipt of the award letter. Freshmen and Transfer students have until May 1 to respond.
3. You must repay any Title IV (Supplemental Educational Opportunity Grant) or Higher Education Act (Pell Grant) funds received that are in excess of your financial need and/or eligibility.
4. Notify Enrollment Services in writing, should any of the following circumstances occur:
Disbursement of all financial aid awards, excluding employment, will be applied as a credit to your term bill as noted on the Award Notification. Please note that when your account is credited with loan funds, you are able to view the date and amount by accessing your self-service account. You have the right to cancel all or a portion of the loan proceeds within 14 days of the disbursement notice by contacting Enrollment Services.
If the total credits, including any cash payments you make, exceed the term bill, a refund for the difference will be processed for you.
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.
Federal regulations require all institutions which administer Title IV student assistance programs to monitor the academic progress towards a degree or certificate of students applying for funds. All URI students who have completed a FAFSA and wish to be considered for Title IV Federal aid as well as selected other types of assistance must meet the criteria stated in the policy. Enrollment Services will monitor all students receiving financial aid for compliance with our standards for academic progress as outlined in the policy: Satisfactory Academic Progress
Students who are not making Satisfactory Academic Progress will be notified of their loss of eligibility for federal financial aid. A student who is declared ineligible to receive financial aid for not maintaining Satisfactory Academic Progress may appeal the decision to the Satisfactory Progress Appeals Committee c/o Enrollment Services. Please be aware that readmission to a program or removal from academic probation by the student's academic college does not automatically constitute eligibility for federal financial aid. Students are required to request reinstatement of financial aid eligibility through the office of Enrollment Services.
Because financial aid applications reflect the family's financial situation, all information received by Enrollment Services is held in strictest confidence. Financial aid records are protected in accordance with The Family Education Rights and Privacy Act of 1974 (FERPA), as amended. For a more complete explanation of this law, visit: http://www.uri.edu/es/forms/pdf/faculty/ferpa.pdf
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.
If your application is selected for verification, you will not be eligible for disbursement of federal aid until this process is finalized. To avoid unnecessary delays, please submit all required documents promptly. Learning how to use the IRS Data Retrieval process will simplify and expedite the verification process. If your EFC changes upon completion of the verification process, this may result in a change to your financial aid award package.
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.
Attention: PLUS Applications for Fall 2014 and Spring 2015 will not be available until April 15th 2014
Attention: Please update your URIEmergencyALERT information here.
Attention: As of October 1, 2013, both Subsidized and Unsubsidized loans for undergraduate students will have an interest rate of 3.86% and an origination fee of 1.072%. Graduate student Unsubsidized Loans will have an interest rate of 5.41% with an origination fee of 1.072%. As of October 1, 2013, Parent PLUS and Graduate PLUS loans have a fixed interest rate of 6.41% and an origination fee of 4.288%.
Click here for more details.
Attention: Please be sure your completed FAFSA includes the University of Rhode Island Federal School Code 003414.
Parent Plus Loan Application 2014-15
Available April 15th
Graduate Plus Loan Application 2014-15
Available April 15th
Monday, Tuesday, Thursday, Friday
8:30am to 4pm
9:30am to 4:15pm
Monday, Tuesday, Thursday, Friday
8:30am to 4:00pm
9:30am to 4:15pm
Monday, Tuesday, Thursday, Friday
8:30am to 4:15pm
9:30am to 4:15pm
11:00am to 3:00pm