Federal Direct Student Loan

The University of Rhode Island participates in the WDF Direct Student loan program. This program includes both undergraduate student Subsidized and Unsubsidized loans. The University receives funds directly from the U.S. Department of Education and disburses them to eligible students. You must file a FAFSA for each academic year in order to be eligible for these loans.


For 2023-24 the Undergraduate Subsidized and Unsubsidized loan rate is as follows:

  • Interest Rate – 5.498%
  • Origination Fee – 1.057%
  • Note:  Doctor of Pharmacy (PharmD) students in years 5 and 6 (P3/P4) are eligible for graduate level loans only.

Undergraduate students borrowing through the WDF Student Loan program for the first time at URI must complete the following steps:

  1. Accept all or a portion of the Subsidized and/or Unsubsidized Loans offered on the student’s financial aid award through the student’s e-Campus.
    If you do not accept your loans, ES will cancel your offer.  However, if you wish to reinstate your federal loans, please contact ES to request that they be re-offered.
  2. Complete Entrance Counseling for undergraduate students here. Click on the “Complete Counseling” button and then the “Entrance Counseling” link.
  3. Complete a Master Promissory Note (MPN) for undergraduate students electronically here. You will need your FSA ID to complete Entrance Counseling and a Master Promissory Note.

Note: Returning students with an MPN on file need only complete a FAFSA and Step 1 each academic year.