Financial Aid award recipients can access their award information on-line. Upperclass students may begin to view their awards in the last week of June. Please log in to e-Campus for online self-service accessibility to their entire financial aid, academic and billing portfolios.
Financial Aid Determination
Most financial aid at the University of Rhode Island is awarded to students on the basis of demonstrated financial need. To determine financial need, the University employs the Free Application for Federal Student Aid (FAFSA): www.fafsa.ed.gov, which calculates the expected family contribution (EFC). At the time your financial aid application was reviewed, you were considered for all types of financial assistance: grants, loans, and employment. The composition of your financial aid package was determined by taking into consideration the total number of financial aid applications, the available funds, your financial need, the date of your application, your preference for specific types of aid and, for entering students, your date of admission. Note that we expect your family to bear primary responsibility for financing your college education.
1. Read all of the messages on the Award Notification and respond accordingly.
2. You may accept or decline all or any portion of your awards by logging on to e-Campus and navigating to the student Self Service section > Student Center > Accept/Decline Financial Aid; or by returning your award letter to Enrollment Services and circling the appropriate response to each award. Your response is due 14 days after your receipt of the award letter. Freshmen and Transfer students have until May 1 to respond.
3. You must repay any Title IV (Supplemental Educational Opportunity Grant) or Higher Education Act (Pell Grant) funds received that are in excess of your financial need and/or eligibility.
4. Notify Enrollment Services in writing, should any of the following circumstances occur:
- If you receive any financial assistance from a source either within or outside the University. The following are considered financial assistance and must be reported to Enrollment Services, including but not limited to: Scholarships, grants, G.I. Bill, other V.A. benefits, Social Security benefits, vocational rehabilitation benefits, assistantships, fellowships, traineeships, fee remissions, waivers, reductions. Failure to fulfill your obligation to promptly report additional aid may result in the reduction of current or future awards.
- If your financial status, or that of your parents, has changed from that originally reported on the Free Application for Federal Student Aid (FAFSA).
Disbursements and Refunds
Disbursement of all financial aid awards, excluding employment, will be applied as a credit to your term bill as noted on the Award Notification. Please note that when your account is credited with loan funds, you are able to view the date and amount by accessing your self-service account. You have the right to cancel all or a portion of the loan proceeds within 14 days of the disbursement notice by contacting Enrollment Services.
If the total credits, including any cash payments you make, exceed the term bill, a refund for the difference will be processed for you.
Renewal of Awards
Financial aid is awarded annually, and you must reapply each year. The amount you receive each year can vary according to your financial need, the number of needy students, and the availability of funds. The recommended filing date is each January/ February.
Satisfactory Academic Progress
Federal regulations require all institutions which administer Title IV student assistance programs to monitor the academic progress towards a degree or certificate of students applying for funds. All URI students who have completed a FAFSA and wish to be considered for Title IV Federal aid as well as selected other types of assistance must meet the criteria stated in the policy. Enrollment Services will monitor all students receiving financial aid for compliance with our standards for academic progress as outlined in the policy: Satisfactory Academic Progress
Students who are not making Satisfactory Academic Progress will be notified of their loss of eligibility for federal financial aid. A student who is declared ineligible to receive financial aid for not maintaining Satisfactory Academic Progress may appeal the decision to the Satisfactory Progress Appeals Committee c/o Enrollment Services. Please be aware that readmission to a program or removal from academic probation by the student’s academic college does not automatically constitute eligibility for federal financial aid. Students are required to request reinstatement of financial aid eligibility through the office of Enrollment Services.
Withdrawal from Classes and Financial Aid
If a student withdraws or drops all classes during a semester, several billing and financial aid calculations will take place as of the last date of attendance. This date is determined by the drop or withdrawal date in e-Campus. Federal financial aid is subject to the calculations described below in the Title IV Funds Return Policy.
Non Title IV aid, which includes institutional aid and alternative loans, is refunded to its source on the same percentage basis as the institutional tuition refund schedule. However, a student with an alternative loan who has an outstanding balance as a result of the refund calculation may be able to retain a greater percentage of the loan than that used in the refund calculation. State aid and outside scholarships will be refunded to the appropriate agencies in accordance with their respective policies.
Title IV Funds Return Policy
Information for students who withdraw or cease attending all classes:
STUDENT WITHDRAWAL AND THE FEDERAL TITLE IV FUNDS RETURN POLICY
Federal regulations require a return of Title IV financial aid if you:
-received federal assistance in the form of a Federal Pell Grant; Supplemental Educational Opportunity Grant (SEOG); Federal Perkins Loan; Ford Federal Direct Loan (subsidized or unsubsidized); PLUS (parent or graduate) loan; Federal TEACH Grant; and
-withdrew or ceased attending all classes on or before completing 60 percent of the semester, the Federal government mandates that you may only keep the financial aid you have earned up to the time you withdraw from all classes.
To determine the amount of federal aid earned up to the time of withdrawal, Enrollment Services will divide the number of calendar days you attended classes by the total number of calendar days in the semester (less any scheduled break of five days or more). The resulting percentage is then multiplied by the total federal funds that you accepted. This calculation determines the amount of aid that you earned and are allowed to keep.
The unearned portion of your aid must be returned to the federal Title IV program from which the aid was received by the University and/or by you. A notification letter will be sent to your permanent address if your financial aid is reduced and a return is required. If you are required to return any Title IV loan funds, you will be contacted by Direct Loans with repayment information. If the University is required to return any Title IV funds, the change will be reflected on your student account.
Financial aid returned by you and/or your parent or the University must be allocated in the following order:
-Ford Federal Direct Unsubsidized Loan
-Ford Federal Direct Subsidized Loan
-Federal Perkins Loan
-Ford Federal Direct PLUS Graduate Loan
-Ford Federal Direct PLUS Parent Loan
-Federal Pell Grant
-Federal Supplemental Educational Opportunity Grant (FSEOG)
-Federal Teach Grants
-Other federal loan or grant assistance
If a student is thinking about withdrawing from all classes prior to completing 60% of the term, the student should contact Enrollment Services to determine how a withdrawal will affect financial aid. It is recommended that the student try to complete the term or complete at least 60% of the term to avoid having to repay any money that was already disbursed. If a student does not owe any money prior to withdrawal, the student may have a balance due to the University and/or the government after completion of the government required calculation.
The 60% date for the Fall 2016 semester is November 4, 2016; for the Spring 2017 semester the 60% date is March 17, 2017. Note: Drop dates during Spring Break (March 11-19, 2017) will use March 10, 2017 for the last day of attendance.
Because financial aid applications reflect the family’s financial situation, all information received by Enrollment Services is held in strictest confidence. Financial aid records are protected in accordance with The Family Education Rights and Privacy Act of 1974 (FERPA), as amended. For a more complete explanation of this law, visit: ADD FERPA
Awards are subject to change
Offers of aid are extended on the assumption that the programs will be continued and that sufficient funds will be appropriated by the U.S. Congress. If, for some reason, one or both of these conditions are not met, it might become necessary to withdraw or alter the aid offer. If this should become necessary, you will be notified.
If your application is selected for verification, you will not be eligible for disbursement of federal aid until this process is finalized. To avoid unnecessary delays, please submit all required documents promptly. Learning how to use the IRS Data Retrieval process will simplify and expedite the verification process. If your EFC changes upon completion of the verification process, this may result in a change to your financial aid award package.
You will be required to repay any amount you are over awarded
An over award occurs when your total resources exceed your financial need. You should understand that the University reserves the right to adjust, both in type and amount, any financial aid award for which it is responsible.