Student Loans for Providence College Students

About Providence College

A private institute in Rhode Island, Providence College has a student body of over 3,800. Since 1917, the college has been offering higher education opportunities and preparing its students to become highly qualified professionals. Those of you who are concerned about the cost of tuition at this college can benefit from the Providence College financial aid program, which seeks to help students better afford their education.

About Providence College Financial Aid

The Providence College financial aid program is meant to help you pay your tuition and other expenses in an affordable way. The college understands the significance of a solid academic foundation and provides a number of options that you can apply for through the Providence College financial aid office. In order to apply for an aid package you need to file the FAFSA form, which can be completed online at www.fafsa.ed.gov. This form will help the college decide which kind of Providence financial aid you are eligible for.

Providence College Financial Aid Packages

Financial assistance at Providence College is available in the form of grants, scholarships, student loans and work-study programs. These funds are awarded by the institution as well as federal and state sources. Grants and scholarships allow you to receive funds that do not need to be repaid while student loans such as Federal Stafford and Perkins help you borrow money with low interest rates and easy payback terms. Work-study opportunities are also included in many Providence College aid packages. These enable you to work on a part-time basis and earn money to pay for your education.

Private Student Loans and Providence College

Procurement of private student loans is another option available to you if the aforementioned Providence financial aid options are exhausted or unattainable due to any reason. Even though private student loans may have higher interest rates, they are an excellent means with which you can pay your tuition and other related educational expenses. However, not all student loans cost the same or have the same terms and conditions. To compare your options and find one you can actually afford, check out our free Student Loan Comparison Tool.

 

Frequently Asked Questions

Q:How can I apply for Providence Financial Aid?

A:The first step of applying for Providence Financial Aid is to fill a FAFSA form. This form is available online at fafasa.ed.gov, and it can be acquired from the financial aid office of Providence College. Students should exhaust their federal aid options before applying for alternative aid resources such as private loans. To apply for federal financial aid, it is important to submit a FAFSA application. This form collects all necessary financial details, helping to determine the financial need of a student.

Q:What kind of Providence College financial aid packages are available to undergraduates?

A:Undergraduate students at Providence College don’t have to worry about tuition costs and other educational expenses, as they may apply for financial assistance. Indeed, the university has designed a number of aid packages that cater to the financial needs of students, as major Providence College financial aid programs include loans, grants, scholarships, and student employment opportunities. The loans are mostly federal loans and can be applied for via the FAFSA.

Q:How much is the average financial package for Providence College students?

A:The average financial package for Providence College students is approximately $24,085. There are a number of aid packages that are geared towards helping students pay tuition costs, including loans, grants, scholarships, and work-study. The exact amount students receive also depends upon financial need demonstrated via the FAFSA application.

Pay for Providence College*

Total Avg. Cost $52,940
Tuition $39,435
Room & Board $11,780
Financial Aid Information
Students Receiving Fin Aid 77%
Typical Grant Amounts
State/Local $859
Federal $6,198
%Receiving Loans 63%
Avg. Other Stud. Loans $7,845
%Receiving Other Loans 6%

Get into Providence College

Admission Rate 67%
Total Enrollment 5,800
Men 43%
Women 57%
Graduation Rate 86%
Application Fee $55

Contact Providence College

Address
1 Cunningham Square
Providence, RI 02918-0001(401) 865-1000
Financial Aid Office URL
http://www.providence.edu/Admission/
Admissions Office URL
http://www.providence.edu/Admission/Undergraduate+Financial+Aid/

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

 

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