R
#2 Best Public Universities in Rhode Island

RIC Tuition & Cost

Providence, Rhode Island

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How much does it cost to attend?

In State Rhode Island Resident Sticker Price
$25,388
In State Costs for Rhode Island College
Fee Cost
Tuition$8,835
Books and Supplies$1,200
Other Fees$1,425
Room and Board $12,488
Other Expenses Budget$1,440
Out of State Resident Sticker Price
$39,863
Out of State Costs for Rhode Island College
Fee Cost
Tuition$23,310
Books and Supplies$1,200
Other Fees$1,425
Room and Board $12,488
Other Expenses Budget$1,440

Residents of Rhode Island pay an annual total price of $25,388 to attend Rhode Island College on a full time basis. This fee is comprised of $8,835 for tuition, $12,488 room and board, $1,200 for books and supplies and $1,425 for other fees.

Out of state residents are charged a total cost of $39,863 which is 57% higher than Rhode Island residents. The tuition charge is $23,310 while room and board is $12,488, books and supplies are $1,200 and other fees come in at $1,425.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

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 2019/2020
$10,557
Net Price by Income Rhode Island College
Family Income Net Price Paid
$0 to $30,000$9,415
$30,001 to $48,000$9,876
$48,001 to $75,000$12,509
$75,001 to $110,000$15,817
$110,000+$17,066

The average reported annual net price for Rhode Island College for students receiving grants or scholarship aid was $10,557 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges 

Financial Aid

91% of full-time undergrad Rhode Island College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $6,389 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 66% of students received Federal Student Loans averaging $5,004 and 11% of undergrads took out private student loans averaging $10,442.

Finanical Aid Rhode Island College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $6,389 91%
Institutional Grants and Scholarships $4,146 48%
Pell Grants $4,749 56%
Other Federal Grants $847 75%
State and Local Grants $8,738 1%
Federal Student Loans $5,004 66%
Other Student Loans $10,442 11%

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 $316 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 2.75%.

Example Loan $33,096
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $315.77
Total Interest Paid $4,796.68
Sum of All Loan Payments $37,892.68

Projected 4 Year Degree Price

4 Year Sticker Price
$101,552
Year Rhode Island Residents Non Residents
1 $25,388 $39,863
2 $26,613 $41,786
3 $27,897 $43,802
4 $29,243 $45,915

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 $101,552 - assuming graduation in normal time. The estimation assumes a 4.8% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Rhode Island College
Price Per Credit 3 Credit Class 4 Credit Class
Rhode Island Residents $347 $1,041 $1,388
Out of State Residents $856 $2,568 $3,424

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

Rhode Island College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=217420 IPEDS survey data for Rhode Island College.