Scholarships, Grants, and Loan Trends at RISD

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 761, which is 38.78 % of all undergraduate students. 705 students which is 35.67% of undergraduate students received federal student loans and the average loan amount is $7,324.
For full-time, first-time beginning students (freshmen), 36.00% of students received grants or scholarships and 37% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Rhode Island School of Design since 2013.
For that period, the average number of students who received grants aid/scholarships is 761, which is 38.78 % of all undergraduate students. 705 students which is 35.67% of undergraduate students received federal student loans and the average loan amount is $7,324.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14737 (37%)$23,659320 (16%)$4,460805 (40%)$11,512
2014-15810 (40%)$22,937327 (16%)$4,644769 (38%)$7,417
2015-16816 (41%)$23,655332 (16%)$4,725744 (37%)$7,180
2016-17763 (38%)$24,373315 (16%)$4,705732 (37%)$7,051
2017-18761 (39%)$26,057346 (18%)$4,828686 (35%)$6,952
2018-19750 (38%)$26,278328 (16%)$4,609686 (34%)$5,954
2019-20704 (35%)$30,225329 (16%)$4,914639 (32%)$6,549
2020-21725 (42%)$32,273314 (18%)$5,112629 (36%)$6,557
2021-22787 (39%)$33,758308 (15%)$5,433656 (32%)$6,748
Average761 (38.78%)$27,024324 (16.33%)$4,826705 (35.67%)$7,324

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 166 (36.00 % of students) received grants or scholarships and its average amount is $29,918. It can cover 50.06% of tuition & fees ($59,760).
In addition, 171 (37.22 % of students) students get helped from the students loans (average amount : $7,972).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14175 (38%)$26,267217 (48%)$7,630
2014-15159 (34%)$25,412184 (40%)$8,226
2015-16162 (35%)$25,179162 (35%)$8,294
2016-17166 (36%)$26,169179 (39%)$8,017
2017-18171 (38%)$28,261156 (35%)$8,157
2018-19185 (39%)$30,635177 (37%)$7,651
2019-20158 (33%)$32,571147 (31%)$7,321
2020-21152 (37%)$37,286147 (36%)$9,307
2021-22168 (34%)$37,480170 (34%)$7,148
Average166 (36.00%)$29,918171 (37.22%)$7,972
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 75 (16.11 % of students) received Pell (federal) grants and its average amount is $4,824.
In addition, 8 students received State/local government grants/scholarships (2.50 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1487 (19%)$4,07280 (18%)$1,00019 (4%)$640162 (36%)$25,620
2014-1574 (16%)$4,82374 (16%)$1,00016 (3%)$598142 (31%)$25,352
2015-1662 (13%)$4,74062 (13%)$9928 (2%)$539157 (34%)$23,689
2016-1761 (13%)$4,71749 (11%)$9591 (0%)$16,630157 (34%)$25,432
2017-18101 (22%)$4,582100 (22%)$9202 (0%)$850164 (36%)$26,074
2018-1985 (18%)$4,94884 (18%)$1,0213 (1%)$7,752181 (38%)$28,386
2019-2075 (16%)$4,50275 (16%)$993--157 (33%)$30,154
2020-2163 (15%)$5,60464 (15%)$992--151 (36%)$34,774
2021-2266 (13%)$5,42667 (13%)$1,000--168 (34%)$34,950
Average75 (16.11%)$4,82473 (15.78%)$9868 (2.50%)$4,502160 (34.67%)$28,270
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 10 years, on average, 171 (37.22 % of students) get any students loan help and its average loan amount is $171.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14217 (48%)$7,630203 (45%)$6,73414 (3%)$20,621
2014-15184 (40%)$8,226183 (40%)$6,31616 (3%)$22,361
2015-16162 (35%)$8,294160 (34%)$5,42217 (4%)$28,007
2016-17179 (39%)$8,017178 (39%)$5,28321 (5%)$23,559
2017-18156 (35%)$8,157155 (34%)$5,27918 (4%)$25,242
2018-19177 (37%)$7,651175 (37%)$5,45216 (3%)$25,009
2019-20147 (31%)$7,321147 (31%)$5,27916 (3%)$18,759
2020-21147 (36%)$9,307147 (36%)$5,29615 (4%)$39,311
2021-22170 (34%)$7,148170 (34%)$5,37511 (2%)$27,407
Average171 (37.22%)$7,972169 (36.67%)$5,60416 (3.44%)$25,586
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