RIC Tuition & Cost
Providence, Rhode IslandHow much does it cost to attend?
In State Rhode Island Resident Sticker Price
$23,398| Fee | Cost |
|---|---|
| Tuition | $7,790 |
| Books and Supplies | $1,200 |
| Other Fees | $1,139 |
| Room and Board | $11,829 |
| Other Expenses Budget | $1,440 |
Out of State Resident Sticker Price
$36,161| Fee | Cost |
|---|---|
| Tuition | $20,553 |
| Books and Supplies | $1,200 |
| Other Fees | $1,139 |
| Room and Board | $11,829 |
| Other Expenses Budget | $1,440 |
Residents of Rhode Island pay an annual total price of $23,398 to attend Rhode Island College on a full time basis. This fee is comprised of $7,790 for tuition, $11,829 room and board, $1,200 for books and supplies and $1,139 for other fees.
Out of state residents are charged a total cost of $36,161 which is 54.5% higher than Rhode Island residents. The tuition charge is $20,553 while room and board is $11,829, books and supplies are $1,200 and other fees come in at $1,139.
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Net Price
Net price is indicative of what it actually costs to attend Rhode Island College when typical grants and scholarships are considered. The net price varies by family income and financial need.
Average Net Price 2017/2018
$9,008| Family Income | Net Price Paid |
|---|---|
| $0 to $30,000 | $7,602 |
| $30,001 to $48,000 | $8,200 |
| $48,001 to $75,000 | $11,009 |
| $75,001 to $110,000 | $13,968 |
| $110,000+ | $15,107 |
The average reported annual net price for Rhode Island College for students receiving grants or scholarship aid was $9,008 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses
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Financial Aid
| Type | Avg./Student | Students Receiving |
|---|---|---|
| Annual Total Grant Aid | $6,877 | 66% |
| Pell Grant | $4,517 | 54% |
| Federal Student Loan | $4,914 | 66% |
The average reported annual net price for Rhode Island College for students receiving grants or scholarship aid was $9,008 in 2017/2018.
Student Loans
To gauge a more realistic picture of what it may really cost you out of pocket to go to Rhode Island College, we've modeled a ten year student loan with an original principal value of $33,096. The loan balance of $33,096 is a four year multiple of the $8,274 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $343 could be required to satisfy your student loan.
Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.529%.
| Example Loan | $33,096 |
| Stafford Loan Interest Rate | 4.5% |
| Time to Pay Off Student Loan | 10 years |
| Example Monthly Payment | $343.46 |
| Total Interest Paid | $8,119.74 |
| Sum of All Loan Payments | $41,215.74 |
Projected 4 Year Degree Price
4 Year Sticker Price
$93,592| Year | Rhode Island Residents | Non Residents |
|---|---|---|
| 1 | $23,398 | $36,161 |
| 2 | $24,301 | $37,556 |
| 3 | $25,239 | $39,006 |
| 4 | $26,213 | $40,511 |
Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Rhode Island College to be $93,592 - assuming graduation in normal time. The estimation assumes a 3.9% annual increase over the next 4 years which has been the recent trend for this school.
Credit Hour Cost and Price per Class
| Price Per Credit | 3 Credit Class | 4 Credit Class | |
|---|---|---|---|
| Rhode Island Residents | $345 | $1,035 | $1,380 | Out of State Residents | $794 | $2,382 | $3,176 |
Estimated cost for a class at Rhode Island College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Rhode Island College versus other colleges.
Tuition Payment Plans Available
| Tuition Payment Plan | Yes |
| Prepaid Tuition Plan | No |
| Alternative Tuition Plan | Yes |
| Guaranteed Tuition Plan | No |
Other Colleges to Consider
Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=217420 IPEDS survey data for Rhode Island College.
