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Scenes from Enrollment Services

Loans

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 programs will be required to sign a promissory note and participate in entrance counseling* prior to disbursement of funds. Please visit the Student Loan Office website at:  Student Loan Office  The Student Loan Office will also conduct exit counseling, at which time you will be made aware of your rights and responsibilities prior to leaving the University.

Health Professions Loan

Federal Perkins Loans

Nursing Loan

Federal William D. Ford Direct Loan Program

New for 2014-15

Direct Loan Interest Rates for 2014-15:

Undergraduate Subsidized and Unsubsidized loans= 4.66%

Graduate Unsubsidized loans=6.21%

Parent PLUS loans=7.21%

Direct Loan Origination Fees for 2014-15:

Subsidized and Unsubsidized loans:  If disbursed before October 1, 2014=1.072%; if disbursed on or after October 1, 2014=1.073%

Parent PLUS loans:  If disbursed before October 1, 2014=4.288%; if disbursed on or after October 1, 2014=4.292%

Direct Parent PLUS Denial Information

If your parent is denied for a Direct Parent PLUS loan, you have three options that you may pursue.

1. The student may receive additional Direct Unsubsidized Stafford loan funds.

To accept their additional Direct Unsubsidized Stafford loans, the student must:

Contact Enrollment Services and state you would like to receive additional Direct Unsubsidized Stafford loans funds based on the PLUS denial.

  • Once Enrollment Services confirms that your Direct PLUS loan was denied, the loan will be offered on your account.

The amount that a student is eligible for in additional Direct Unsubsidized Stafford loan funds is determined by their class year.

  • Freshman: Eligible for up to $4,000 in additional funds
  • Sophomore: Eligible for up to $4,000 in additional funds
  • Junior & Senior:  Eligible for up to $5,000 in additional funds

If the student decides to pursue this option, they will not be eligible for a Direct PLUS loan.    

2. Appeal your credit decision with the U.S. Department of Education.

You may pursue this option by visiting
www.studentloans.gov where you completed your credit check or by calling 1-800-557-7394 (Federal Loan Origination Center) To appeal your credit decision online:

  • Login to www.studentloans.gov using the parent borrower’s information (SSN & FAFSA PIN).
  • Select the “Appeal Credit Decision” link under the PLUS Process section on the left side menu
  • Follow the instructions provided to complete the appeal process. After completing your appeal online, you should receive a call from a representative at the Federal Loan Origination Center within 3 business days to discuss your appeal. If you do not receive a call, you may contact the Federal Loan Origination Center at 1-800-557-7394 to discuss the status of your appeal.

 

3. Reapply with an endorser (co-signer) at www.studentloans.gov.

To apply for an endorser (co-signer):

  • Login to www.studentloans.gov using the borrower’s information (SSN & FAFSA PIN).
  • Select the “Endorse PLUS Loan” link under the PLUS Process section on the left side menu
  • Follow the instructions provided to complete the endorser process. You will need your Loan Reference Number to complete the endorser process. This number was provided during your original credit check. If you do not have your number, you may contact the Federal Loan Origination Center at 1-800-557-7394.

*Entrance Counseling- If you have already completed Entrance Counseling for your Subsidized and/or Unsubsidized Direct Loan at another school, you can transfer that information to URI by following these steps:

Step1: Sign in to your account at studentloans.gov
Click on View Completed Counseling on the left hand column.
Step 2: Click on Select School.
Step 3: Using the drop down menu, select Rhode Island for the School State and the University of Rhode Island for the School Name. Click Submit.

Your Entrance Counseling information will be sent to the University of Rhode Island!

 

Application Instructions for Direct Loans for Undergraduate Students & Parent (PLUS) Loans

Application Instructions for Direct Loans for Graduate Students

Helpful websites regarding Loans:

Direct Loan Repayment Calculator

Federal Direct Loan Repayment Plans

Federal vs. Private/Alternative Loans-  What is the difference?







News

Attention:  Faculty, staff and students: Please be sure to check your Fall schedules in e-campus for classroom changes.

Attention: Please update your URIEmergencyALERT information here.

Attention:  Please be sure your completed FAFSA includes the University of Rhode Island Federal School Code 003414.


Quick Links

Health Services Waiver

Parent Plus Loan Application

Graduate Plus Loan Application

e-Bill Information

2014-2015 Tuition and Fee Information

Accept/Decline Financial Aid Awards

Financial Aid Awards

Commencement

IRS Data Retrieval Option for FAFSA

URI Summer Sessions

Parent/Third Party Access to e-Campus

Non-Degree Student Registration Application

Request a Transcript


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Financial Aid Walk-In Counseling

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