Aid + Your Bill
How Aid is Applied to Your Bill
Financial aid is awarded for the entire academic year. When you receive your tuition statement each semester, it will include half of the total financial aid you have been awarded. Financial aid will be disbursed to your student account 10 days before classes as long as all required documents have been received and, if required, federal verification of your financial aid file has been completed. Direct Subsidized, Direct Unsubsidized, Direct Graduate PLUS, Direct Parent PLUS and Perkins Loans require a completed Master Promissory Note. Direct Subsidized, Direct Unsubsidized, and Direct Graduate PLUS Loans also require Entrance Counseling.
Students that receive outside scholarships are required to notify Student Financial Services. Although we consider these scholarships as part of your total financial aid package, they do not appear on your bill as pending and will not show up until a check has been received.
State grants will be put on your student account as pending once Student Financial Services receives an official state roster of eligible students. State grants are not certified with the state until after the add/drop period. Funds will be disbursed to your student account once the funds are received by the state.
Private Education Loans
Private education loans are certified for the entire academic year, which means half will come in for the fall semester and half for the spring semester. These loans will appear on your account as pending until the lender sends the loan funds to RISD.