Understanding Financial Aid and Paying for College

A college education is a significant investment in your future. This page is designed to help you better understand all aspects of the process: from applying for financial aid, knowing the types of aid available to you, and getting a better idea of your actual out-of-pocket cost. Learn how about RWU's Financial Aid approach and how we go further with aid by putting you at the focus of it all. We are here to help every step of the way!

Financial Aid Calculator

The Net Price Calculator is a helpful tool that will provide you with an estimate of the merit and need-based aid for which you are likely to qualify before you go through the full financial aid application process. This early estimate is a great starting point for you to make sense, not just of RWU costs, but also of the actual cost your family may pay once you factor in scholarships and other sources of aid.

Get an estimate of attending RWU!

Financial Aid Made Easy!

From loans to work-study options, find out what the different types of financial aid are and how they can help you afford your college journey!

What's the Real Cost of College?

Sticker prices might seem intimidating, but remember that those prices are before financial aid! Learn how to use the Net-Price Calculator to get an estimate of your personal investment in an RWU education.

How Do College Loans Work?

Learn about the different types of college loans, how they are structured, and where you can get them! Get everything you need to responsibly take out loans and save money by not taking out more than you need.

Students Walking on shoreline under bridge

Things to note about Financial Aid at RWU!

  • • 98% of RWU students receive aid in the form of scholarships and/or need-based aid 
  • • Average aid award 2020-21: $25,813 
  • • RWU aid (scholarships and grants) is guaranteed for all four years of full-time, undergraduate enrollment  
  • • 1,300 paid student jobs on campus 
  • Financed Individualized Training (FIT) program providing paid, on-campus internships 
  • Architecture Career Investment program providing stipends for summer internships 
  • • Financial aid funding available for study abroad  
  • • Applicants are automatically considered for merit-based scholarships, including international students  

RWU Scholarship Opportunities                                                                               

Merit Scholarships - All applicants are considered for merit scholarships, typically ranging from $10,000 and $24,000. These awards are renewable for four years of full-time, undergraduate enrollment in good academic standing.

Hawk Awards - Typically range from $1,000 to $2,000; a renewable award, in addition to an applicable merit scholarship, given to students based on financial need and/or academic achievements. 

Dean's Excellence Awards - Typically range from $1,000 to $2,000; a renewable award, in addition to an applicable merit scholarship; A school-based merit award given to students admitted to particular RWU schools or majors, and based on academic and extracurricular achievements. 

Talent Awards - Typically range from $1500 to $3000; a renewable award, in addition to an applicable merit scholarship; awarded to students admitted to Architecture or Dance with outstanding portfolios or auditions.

Travel Grant - A $1,500 grant awarded to all qualified, out-of-region students; a renewable award, in addition to an applicable merit scholarship.

Intercultural Leadership Ambassador Program and Scholarship (ILAPS) - This scholarship recognizes, rewards and celebrates a diverse group of students, who have demonstrated academic achievement, leadership and positive contributions to their communities. It covers 95% of tuition; requires a separate application and has selective criteria.

Research and Industry in Science and Engineering (RISE) - This scholarship recognizes, supports and empowers a group of academically talented students with financial need majoring in Applied Math, Biology, Biochemistry, Chemistry, Computer Science, Engineering, Environmental Science, Forensic Science, Marine Biology, or Math. The award is a $10,000 scholarship for up to four consecutive years of undergraduate study and involvement in a co-curricular program which seeks to develop the expertise of students in preparation for successful careers in STEM fields. A separate application is required.

Shawmut Scholars - This program includes a $15,000 annual scholarship, along with a $2,500 stipend for guaranteed internships with Shawmut Construction Management Company, in addition to other program benefits and supports. Undergraduate students admitted to Construction Management or Engineering, who are underrepresented, and have financial need are automatically considered. The award is renewable for four years of full-time, undergraduate enrollment in good academic standing, and is awarded to a new cohort every four years. 

Endowed Scholarships - Numerous funds are awarded based on financial need and other characteristics specific to each award.

Academic Excellence Grant -  Returning students who earn a 3.6 GPA or higher are awarded the Academic Excellence Grant. This is a $1,000 award applied to each year of qualifying performance that can result in up to $6,000 in additional grant aid during a four-year program.

Honors Program Experimental Learning Grant - University Honors students are guaranteed a $2,000 grant for one semester to support participation in an internship or research project. 

Learn about RWU's Financial Aid Approach!