I don’t need to remind families that May 1st is just around the corner! In the past couple of months I have met with A LOT of wonderful families who are trying to decide on a College. And, our staff has answered many, many, questions regarding financial aid and scholarships at RIT. Here are a just a few things to consider when you are reviewing a financial aid award offer from RIT.
Double check the application that the award was based on. Errors on the initial application can result in a skewed financial aid award from RIT. If you are not sure whether a question on the Free Application for Federal Student Aid (FAFSA) was answered correctly, ask us.
If you are accepted into a program at RIT that requires Cooperative Education (co-op), remember that you are not charged tuition or fees by RIT for quarters that you are enrolled for co-op. You will be enrolled for classes for the equivalent of four years. And, you will gain experience through a co-op program for the equivalent of one year. Therefore, you will pay tuition and fees for four years. During co-op quarters you will have the opportunity to gain work experience in your field of study, and to earn significant income to help pay for your educational expenses in subsequent quarters. You can find additional information on our co-op program at www.rit.edu/overview/coop.html.
Working part-time while taking classes at RIT is a way to pay for books, supplies and personal expenses. Some of you may see either Federal Work-Study or RIT Employment included in your financial aid award. We include this because RIT provides part-time job opportunities for our students. On-campus jobs start at $7.25 per hour and students work an average of 11-12 hours per week. Students receive a bi-weekly paycheck based on the number of hours and on their hourly salary. All open positions are posted on our Student Employment website at www.rit.edu/emcs/seo/. Keep in mind that employers start posting their open positions closer to the beginning of the academic year.
Payment for your annual out-of-pocket cost, listed on the back of your Financial Aid Award Letter, can be divided over 10 monthly payments beginning July 1st. Or, payment can be divided over three academic quarters with the first payment due August 18th, the second payment due November 22nd and the third payment due March 5th.
Many students choose to move into RIT apartment housing after their first year of college. Because a meal plan is not required for students who reside in our apartments, some students are able to reduce their living costs.
Best of luck to all of you who are making a decision on where to attend College!