Federal Pell Grants of up to $4,731 are awarded to approximately 300 undergraduates each year. Based on an eligibility formula determined by the US Department of Education, the grants do not have to be repaid.

Federal Supplemental Education Opportunity Grants range from $200 to $4,000 a year for undergraduates who demonstrate need. This program assists approximately 210 RISD students with funds that do not have to be repaid.