Providence College
Providence, RI 02918-0001

Financial Aid

$23,717
Average Institutional Grant
2016-2017

In the 2016-2017 academic year, full-time freshman students of Providence College were awarded a total amount of $18,007,761 in grant and $3,948,047 in federal student loans. 70% of freshman students received some type of financial aid either in the form of grant or scholarship from the federal, state or local government and the institution. 52% of the freshman students received federal student loan.

The following tables details the breakdown of all types of financial aid awarded to full-time undergrad students who entered the college in Fall 2016

Grant & Scholarships

Students Receiving Aid Average Amount Total Amount
Pell Grant 144 14% $4,585 $660,228
Other Federal Grant 70 7% $3,886 $272,000
State Grant/Scholarships 53 5% $888 $47,058
Institutional Grant/Scholarships 718 70% $23,717 $17,028,475
Total Grant & Scholarships 722 70% $24,941 $18,007,761

Student Loans

Students Receiving Loans Average Amount Total Amount
Federal Student Loans 541 52% $7,298 $3,948,047
Private Loans 113 11% $20,881 $2,359,512
Total Loans 551 53% $11,447 $6,307,559

Student Loan Default Rate

1%
Current default rate
Fiscal year - 2014

The following table shows Federal Family Education Loan (FFEL) Program and William D. Ford Federal Direct Loan (Direct Loan) borrowers statistics and default rates for Providence College from 2012 to 2014 and comparisons between the school's default rates and similar schools in the state and national average.

Default Rate
Fiscal Year Borrowers Defaulters School State Avg. National Avg.
2014 829 16 1%
2013 869 25 2%
2012 875 18 2%
  • Fiscal Year - October 1 to September 30
  • Borrowers - Total number of borrowers who entered into repayment in the fiscal year.
  • Defaulters - Number of borrowers who defaulted in the fiscal year.
  • School - Providence College's default rate
  • State Avg. - Rhode Island's 4 year colleges average default rate
  • National Avg. - National average default rate of 4 year colleges

Financial Aid by Income Level

This section details the amount of financial aid provided to Providence College students over the past 5 years. The data is categorized into 5 income brackets. Click on each income bracket to view the amount of finanical aid provided and the number of recipients for the past 5 years.

Net Price

$35,238
Average Net Price
2016-2017

Weather your family is financially well-off or unaffluent, you might be eligible for some type of financial aid in the form of grant, loan or scholarship. No matter what your situation is, you should first apply for Federal Student Aid (FAFSA). Colleges and universities use the information from your FAFSA and federal tax return to calculate your Expected Family Contribution (EFC). Your EFC determines how much financial aid you're eligible to receive.

This section details the net prices paid by students in the 2016-2017 academic year at Providence College. The amounts are averaged out for 5 family income brackets.

Here is a simple formula to calculate your net price or use the link below to estimate your net price more accurately.

Net Price = Sticker Price - Financial aid

Financial aid include: federal, state or local government grants and institutional grants and scholarships

Average Net Price by Family Income

Family Income Average Net Price
Less than $30,000$19,510
$30,000 to $48,000$21,129
$48,000 to $75,000$30,582
$75,000 to $110,000$32,915
Over $110,000$45,128
Get your personal estimate

Veterans and Service Members

$4,253
Average Financial Aid
2016-2017

The following section details the amount of financial aid provided to veteran students and their family members at Providence College.

In 2016-2017 academic year, 21 students received an average amount of $4,348 in financial aid in the form of post-9/11 GI bill benefits and 1 students received $2,250 on average through yellow ribbon program.

Unlike other types of government financial aid, veterans financial aid is available to both undergraduates and graduate students.

Post-9/11 GI Bill

Yellow Ribbon Program

Learn more about financial aid for veterans

Financial Aid Deadlines

February 1

  • Financial aid application (regular)

April 15

  • Transfer financial aid application

May 1

  • Transfer applicants will be notified

June 30

  • Financial aid decisions notification

Campus Location

Nearby Colleges

Nearby 4 year colleges within 100 mile radius of Providence College.

Brown University
2.1 mile away
Bryant University
7.5 mile away
Wheaton College
15.6 mile away
Roger Williams University
16.1 mile away
Dean College
16.8 mile away