Each year schools must make certain required information available to prospective and
enrolled students under the Higher Education Act (HEOA) and the Family Education Rights and Privacy Act (FERPA). In addition to the Financial Aid information below, see RISD's Policies + Disclosures for answers to frequently asked questions.
Need-based and non-need based federal financial aid available to
Source: Types of Aid
Need-based and non-need based state and local aid programs, school
aid programs and other private aid programs
Source: Types of Aid
How students apply for aid and how eligibility is determined
Source: Apply for Aid
How the school distributes aid among students
Source: RISD Financial Aid
The rights and responsibilities of students receiving aid
Source: Rights and Responsibilities
How and when
financial aid will be disbursed
Source: Financial Aid and Your Bill
The terms and conditions of any employment that is part of the
financial aid package
Source: Work Study
The terms of, schedules for, and the necessity of loan repayment
and required loan exit counseling
Satisfactory Academic Progress
The Higher Education Act of 1965, as amended, requires the
College to establish minimum standards of “satisfactory academic
progress” for students receiving financial aid. The College applies these
standards to all federal, state and institutional funds.
RISD will only disburse financial aid to those students who are in good academic
standing and are making satisfactory progress toward completion of their
A student is not
making satisfactory academic progress if either of the following conditions exists:
- The student’s cumulative grade point average
(GPA) is below 2.0 at the end of the second year of his/her academic
- The student completes (finishes with a
passing grade) less than 67% of all attempted coursework, as calculated at the
end of spring semester each year. Grades of “W” (withdrawn) and “I” (incomplete) are not considered passing grades.
Satisfactory Academic Progress is reviewed at the end of each semester. If a student is
not making Satisfactory Academic Progress, he or she will be placed on financial aid warning. The student will then have one semester to meet SAP requirements. The financial aid warning status will be removed if the student achieves SAP requirements. If the student does not meet SAP requirements, financial aid will be denied the following semester. A student denied financial aid based on Satisfactory Academic Progress may submit a written appeal with an academic plan of study to the Financial Aid Office. Should the appeal be approved, the student will be placed on Financial Aid Probation for the subsequent semester. The student will have one semester to meet SAP requirements or be deemed ineligible for financial aid until he/she achieves the required GPA.
Students who are
ineligible for financial aid because they are not making Satisfactory Academic Progress may appeal. Appeals are considered when a student has been able to
complete coursework in a fashion that corrects the cause of his/her losing financial aid eligibility, or when extraordinary circumstances (for
example, student illness or the illness/death of a family member) have
prevented the student from achieving Satisfactory Academic Progress. Students considering
an appeal should contact the Financial Aid Office to make an appointment.
The costs of attending the school (tuition and fees, books and
supplies, room and board and applicable transportation costs, such as
commuting) and any additional costs of the program in which the student is
enrolled or has expressed an interest
Download the 2013-2014 fee schedule (pdf)
A statement of the requirements for the return of Federal Student
Aid Program funds when a student withdraws from school, information about
any refund policy with which the school must comply, and the requirements
for officially withdrawing from the school.
If a student withdraws from the College and has Title
IV aid for that term, the amount of the Title IV aid that may have to be
returned is based on the amount of the Title IV aid that has been earned
as of the date of the withdrawal from the College. The amount of the
Title IV aid that is considered earned is in the same proportion as the
amount of the term that the student has completed before they
withdrew. If a student has completed more than 60% of the term, then
all of the Title IV aid is considered as being earned.
The amount of
unearned Title IV aid that the College must return is based on the institutional
charges, such as: tuition, room and board. The student may also be required
to return a portion of the unearned Title IV aid. The College will notify
the student of the amount(s) that the College is responsible for
returning as well as the amount the student may be responsible for
returning. If a student is required to return a loan or a portion of a
loan, it is the student’s responsibility to repay the loan according to
the original terms of the loan. If a student is required to return a
grant, only 50% is required to be returned. If a student is due a
post-withdrawal disbursement of Title IV aid and has outstanding
institutional charges, the College will notify the student of the awards
and the procedures to accept or decline the aid.
Who to contact for information on student financial assistance
Source: FAQs/Contact Us
Net Price Calculator
This calculator will provide you with an
estimate of the Net Price of attending RISD. These calculations
are for informative purposes only and should not be considered an actual
award or an expected award. Funds are based on availability.
Average Undergraduate Student Loan Debt
The average student loan debt for undergraduates from the class of 2015 who borrowed federal or private loans was $33,593.