R
#2 Best Colleges in Rhode Island

RISD Tuition & Cost

Providence, Rhode Island

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How much does it cost to attend?

Sticker Price
$75,520
Costs for Rhode Island School of Design
Fee Cost
Tuition$53,820
Books and Supplies$2,700
Other Fees$1,070
Room and Board $14,430
Other Expenses Budget$3,500

Annual Prices

The annual list price to attend Rhode Island School of Design on a full time basis for 2020/2021 is $75,520 for all students regardless of their residency. This fee is comprised of $53,820 for tuition, $14,430 room and board, $2,700 for books and supplies and $1,070 for other fees. Out of state tuition for Rhode Island School of Design is $53,820, the same as Rhode Island residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Rhode Island School of Design when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$40,048
Net Price by Income Rhode Island School of Design
Family Income Net Price Paid
$0 to $30,000$34,294
$30,001 to $48,000$33,369
$48,001 to $75,000$36,981
$75,001 to $110,000$41,629
$110,000+$59,438

The average reported annual net price for Rhode Island School of Design for students receiving grants or scholarship aid was $40,048 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

40% of full-time undergrad Rhode Island School of Design received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $32,571 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 31% of students received Federal Student Loans averaging $5,279 and 3% of undergrads took out private student loans averaging $18,759.

Finanical Aid Rhode Island School of Design
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $32,571 40%
Institutional Grants and Scholarships $30,154 33%
Pell Grants $4,502 16%
Other Federal Grants $993 16%
State and Local Grants $0 0%
Federal Student Loans $5,279 31%
Other Student Loans $18,759 3%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Rhode Island School of Design, we've modeled a ten year student loan with an original principal value of $139,452. The loan balance of $139,452 is a four year multiple of the $34,863 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,331 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $139,452
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,330.53
Total Interest Paid $20,211.11
Sum of All Loan Payments $159,663.11

Projected 4 Year Degree Price

4 Year Sticker Price
$302,080
Year All Residents
1 $75,520
2 $78,270
3 $81,120
4 $84,074

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Rhode Island School of Design to be $302,080 - assuming graduation in normal time. The estimation assumes a 3.6% annual increase over the next 4 years which has been the recent trend for this school.

Tuition Payment Plans Available

Rhode Island School of Design Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=217493 IPEDS survey data for Rhode Island School of Design.