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What Does It Costto Attend RIT?Each year we develop estimated expense budgets forundergraduates at RIT. Tuition and fees are generallyconsistent from student to student, but total expensesmay vary depending upon such factors as housing andmeal plans. Student expense budgets include a 2,088yearly allowance for estimated books, transportation,and personal expenses. Financial aid awards takethese estimated costs into con sideration in additionto tuition and fees and room and board, so that youraid award more accurately reflects all costs associatedwith your attendance.2021-2022 Charges for Full-Time, First Year Resident StudentsEnrolling for the First Time Fall Semester 2021Academic Year (Based on 2 Semesters) 67,188 52,030TuitionTuition expenses are lower for deaf and hard-of-hearing students sponsored by NTID. 8,392Residence Hall Room (Double) 6040Board Plan (Standard) 726Student activity/health services feesStudents from all income ranges are offered aid, andas a result, find an RIT education to be affordable.Office of Financial Aidand ScholarshipsBausch & Lomb Center56 Lomb Memorial DriveRochester, NY 14623-5604585-475-2186ritaid@rit.edu6For deaf and hard-of-hearingstudentsNTID Office of Admissions52 Lomb Memorial DriveRochester, NY 14623-5604585-475-6700585-743-1366 (videophone)ntidaid@rit.edu

Financing Options at RITThere are several loan programs, employment programs, and payment plans available to assist families in meetingeducational costs. The programs listed below are available to students or parents without regard to financial need.Any family may participate in one or more of these programs:1Payment OptionsStudent FinancialServices offers a numberof payment options that willallow you to schedule yourpayments each semester.Information is included inOrientation materials, visitrit.edu/fa/sfs.2RIT TuitionPrepayment PlanThis plan allowsyou to prepay two or moreyears’ tuition costs at thecurrent tuition rate. Studentsreceiving need-based financialaid are not eligible for thisplan, but students who receiveonly merit-based scholarshipsmay participate. ContactStudent Financial Services at585-475-6186.3Federal Direct LoanThe Federal DirectLoan program is themost widely used student loanprogram, and it includes an“unsubsidized” Direct Loanprogram. The subsidizedprogram allows interest to bepaid by the government whilethe student is enrolled; theunsubsidized program requiresinterest to be paid by thestudent while attending schoolunless the student opts to haveinterest capitalized (interest isadded to the principal amountborrowed) so no payment isrequired while in school.This means that any RITstudent enrolled at leasthalf time may borrow themaximum loan amount forthe current academic year. Seepage 7 for more information.studentaid.gov4Federal DirectPLUS LoanPerhaps the mostpopular aid program used tofinance the family contributionis the Federal Direct ParentLoan for Under graduateStudents (PLUS). This is afederally guaranteed loan thathelps parents of dependentundergraduate students financeeducational costs. A parentmay borrow up to the full costof education minus otherfinancial aid awarded. PLUSloans have a fixed interest rateset by the federal government.Parents who are denied for thePLUS loan based on a reviewof their credit may requestthat an additional FederalDirect Unsubsidized Loan beprocessed in the student’s name.Dependent students may beeligible for up to 4,000 as afirst-year student or second-yearstudent, and 5,000 as a thirdor fourth-year student.studentaid.gov5RIT StudentEmploymentThis program issimilar to the Federal WorkStudy Program but does nottake financial need intoconsideration. Students areemployed on or off campusand earn wages that may beused to meet educationalexpenses. Employment iscoordinated through RIT’sStudent Employment Office.6CooperativeEducationPaid cooperativeeducation (co-op) employmentis a required or optionalcomponent of most degreeprograms at RIT. While studentsdo not typically enter co-oppositions until after their secondyear of study, co-op earningsfrom that point can representa substantial contributiontoward college expenses. Lastyear, co-op students generatedmore than 105 million throughemployment (see page 10).7AlternativeEducational LoansAlternative EducationalLoans are private (non-federal)loans offered through banksto supplement financial aidawards. We encourage studentsand families to use alternativeloans as a last option after firstpursuing all federal loan options(Direct and PLUS). Visit ourwebsite for more information.rit.edu/financialaid7

FINANCIAL BENEFITS OFCooperativeEducationCo-ops, short for cooperative education, are full-time, paidwork experience in your major. RIT’s co-op program isdesigned to provide you with career exposure—early andoften—to a variety of industries and environments. And, withco-op built into most programs, and available and encouragedin all majors, there’s a reason RIT’s outcomes rate is 95%.6,100Co-op positions worldwide2,300 Hiring organizations 65 millionEarned by students on co-op 0No tuition is charged during co-opRIT is a world leader in co-op not only because we havebeen doing it for more than 100 years, but because wevalue preparedness and practice, and the myriad ways thisinvestment in your education leads to your success.Students onCo-opAverageCo-op WageGolisano College of Computing andInformation Sciences1,558 23.75Kate Gleason College of Engineering1,461 20.20College of Engineering Technology814 19.41Saunders College of Business282 17.64College of Art and Design151 20.22College of Liberal Arts85 14.06College of Science75 23.46National Technical Institute for the Deaf50 14.56College of Health Sciences and Technology32 14.13School of Individualized Study31 17.93College8FAQWe want to help you understand theins and outs of financing your collegeeducation at RIT. Here are somequestions we frequently receive fromprospective students and parents:

We’ve been told we probably will not qualify for aid. Shouldwe bother to apply?Yes, you should! Many factors are taken into considerationin determining a family’s financial need, and each family’scircumstances are unique. You won't know what you’ll qualifyfor without completing the aid application process. There isno arbitrary cutoff for determining a family’s eligibility forfinancial aid. The income range of those eligible for someamount of assistance is wide.When should I apply for aid?You should file your FAFSA as soon after October 1 as possible.Our priority filing deadline dates are established so we can notifyyou of your aid eligibility as soon as possible after you have beenadmitted. Don’t wait until you have received your admissionnotification to complete the FAFSA.Will I be eligible for the same amount of financial aid eachyear?In most cases, the answer is yes. Every effort will be madeto continue a similar level of institutional gift aid each year.Students receiving merit-based scholarshipsdo not need to reapply to renew those scholarships. Meritbased scholarships are automatically renewed at the samelevel as long as the renewal requirements are met.Students must reapply for need-based financial aid eachyear. Assuming you remain in good academic standing,file the application forms by the recommended deadline,and demonstrate a similar level of need, you can expectapproximately the same level of institutional gift aid each year.Examples of circumstances that might cause a change in aneed-based financial aid award could include, but are notlimited to: a significant rise or drop in family income; more or fewer siblings in college at the same time you areattending RIT; and more or fewer family members living at home.Are all families expected to contribute toward educationalexpenses?If the student fits the definition of a dependent student,the expected family contribution on the FAFSA will includeamounts from both the student and parents based on theirrespective incomes and assets. The contribution for studentswho fit the definition of an independent student, will onlysee a contribution based on the student’s income and assets,as well as on those of the student’s spouse, if married. Theamount you potentially need to contribute toward educationalexpenses is the difference between your cost of attendance(see page 8) and the financial aid you are offered.Does RIT offer academic merit-based scholarships?Yes. At RIT, most merit-based scholarships for new studentsare awarded through the admission process. Merit-basedscholarships are offered based on a student’s academicachievement, leadership potential, service, and otherfactors. Financial need is not taken into consideration whendetermining merit. (See page 4.)If my parents are divorced or separated, which parentshould provide the information required to apply for aid?You should answer the questions using information aboutthe parent you lived with in the past 12 months. If you didnot live with one parent more than with the other, provideinformation for the parent who provided you the mostfinancial support. (Support would include money, gifts,loans, housing, food, clothes, medical care, etc.) Childsupport payments from your other parent will be taken intoconsideration, and information about the income and assetsof any step-parent must also be provided. We realize thesesituations can be sensitive and complicated. Please feel freeto discuss your individual circumstances with one of ourcounselors. All information will remain confidential.What is an EFC?EFC stands for Expected Family Contribution. It is calculatedby the federal government based on the information youprovide on the Free Application for Federal Student Aid(FAFSA). It is the same at all colleges you send your FAFSAto and is is used by to determine a student’s eligibility forfederal financial aid programs. After you file your FAFSA, youwill receive information from the federal processor that willinform you of your calculated EFC.What happens if our financial need changes after I entercollege?While many families’ financial needs remain constant whilea student is attending college, some families will experiencesignificant changes in their ability to contribute to theirchildren’s education. Sometimes these changes can even occurduring the middle of an academic year. We are always willingto review financial aid appeals from families experiencingdifficulties due to significant changes in their circumstances.Contact our office for additional information.I was notified that I will receive a scholarship from my highschool. Will this scholarship affect my financial aid?We encourage students to apply for scholarships awarded byprivate organizations. In many cases, no alteration to a student’sfinancial aid award is necessary. If we are required to amendthe financial aid award as a result of receiving an “outsidescholarship,” we will make every effort to reduce the student’sloan and/or Federal Work-Study award before reducing anyRIT grants. Merit-based scholarships usually are not impacted.You can find links to many sources of free and reputableinformation concerning outside scholarships on our website.rit.edu/financialaid9

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Additional InformationFinancial aid awards for admitted candidates will outline scholarships, grants,work-study opportunities, and low-interest student loans.What About the CSS Profile Form?Please note that RIT has chosen not to use the College Scholarship Service FinancialAid Profile form used by some universities to process financial aid awards. Usingthe Federal FAFSA will allow you to apply for financial aid with no processing feeand will allow us to process your financial aid information more quickly. Studentsnot eligible to complete the FAFSA may be eligible to complete the InternationalCSS Profile.Financial Aid and Scholarships Office .eduTax Benefits and Other Help with College ExpensesThere are some significant tax benefits for families of college students.The American Opportunity Tax Credit can be claimed for tuition and certainfees you pay for higher education. It is a tax credit of up to 2,500 of the cost ofqualified tuition and related expenses paid during the taxable year.The Lifetime Learning Tax Credit is available for all types of postsecondaryeducation. This credit provides up to 2,000 per tax return. The Tuition and FeesTax Deduction can reduce your taxable income by as much as 4,000 and maybenefit you if you are not eligible for any of the tax credits.Admission andFinancial Aid Datesto RememberProspective first-yearstudents applying foradmission should beaware of the timetablebelow.ADMISSIONAPPLICATIONDEADLINEEarly Decision 111/1Early Decision 21/1Regular Decision1/15ADMISSIONNOTIFICATIONSEarly Decision 1Mid-DecemberEarly Decision 2Mid-JanuaryRegular DecisionMid-MarchFAFSA FILINGPRIORITYDEADLINEirs.govEarly Decision 111/1The state of New York has created the New York 529 College Savings Plan, whichprovides New York residents annual tax-exempt contributions to the plan of upto 5,000 per contributor.RIT is one of more than 270 members of the Private College 529 Plan, the onlynational prepaid tuition plan for independent colleges. Prepaid tuition plansallow families to lock in future tuition at current prices.Additional information can be found on the Office of Financial Aid andScholarships website.rit.edu/financialaidEarly Decision 21/1Regular rly Decision 1Mid-DecemberEarly Decision 2Mid-JanuaryRegular DecisionMid-March11

PeriodicalsOne Lomb Memorial DriveRochester, NY 14623Important Financial Aid Information Inside rit.edu/f inancialaidFAFSAFORMSEARLYDECISION 1EARLYDECISION 2REGULARDECISION10/111/11/11/15FAFSA forms available online atstudentaid.ed.govAdmissions applicationsdeadline for merit-basedscholarship consideration.Priority filing data for FAFSAAdmissions applicationsdeadline for merit-basedscholarship consideration.Priority filing data for FAFSA 2 / May 2021This brochure is printed on paper containing10-percent postconsumer waste.RIT (USPS-676-870) is published 16 times annually by RochesterInstitute of Technology, One Lomb Memorial Drive, Rochester,N.Y. 14623-5603, once in April, four times in May, three times inJune, seven times in August, and once in November. Periodicalspostage paid at Rochester, N.Y. 14623-5603 and additionalmailing offices. Postmaster: Send address changes to RIT,Rochester Institute of Technology, One Lomb Memorial Drive,Rochester, N.Y. 14623-5603.Admissions applicationsdeadline for merit-basedscholarship consideration.Priority filing data for FAFSARIT does not discriminate. RIT promotes and values diversitywithin its workforce and provides equal opportunity to all qualifiedindividuals regardless of race, color, creed, age, marital status,sex, gender, religion, sexual orientation, gender identity, genderexpression, national origin, veteran status, or disability. 2020 Rochester Institute of Technology. All rights reserved.RIT and NTID are registered trademarks of Rochester Instituteof Technology.100M-P2837-09/21-CAN-AXT

Amounts vary. Air Force: 585-475-5197 Army: 585-475-2881 Navy: 585-275-4275 RIT ROTC Room and Board Scholarships Awarded to Army, Air Force, or Navy ROTC cadets awarded three- or four-year scholarships prior to enrollment. Up to the amount of a standard default room and board plan, minus other financial aid and benefits.