Online Costs & Financial Aid
RIT 2014-2015 Tuition Rates (Effective Fall Semester 2014)
|Part-time Rate 1-11 Cr. Hrs.||Full-time Rate 12-18 Cr. Hrs.|
|Graduate Online||$919/credit hour||$919/credit hour|
|Undergraduate Online||$807/credit hour||$17,628/semester|
Rates apply to students approved to enroll in an RIT Online program or course beginning fall 2014 or later. Excludes Online Executive MBA, MS Product Development, and MS Manufacturing Leadership. Student Financial Services maintains all student account information and generates billings for tuition and fees. Student Financial Services supports a variety of payment plans and administer all third-party billing activities such as corporate sponsored tuition programs.
You will need to complete two applications in order to apply for continued financial assistance at RIT. The forms are the:
- Free Application for Federal Student Aid (FAFSA)
- RIT Financial Aid Application for Undergraduate Students
The Free Application for Federal Student Aid collects the basic information needed to determine your eligibility for all of the financial aid programs sponsored by the federal government, including Federal Pell Grants, Federal Supplemental Educational Opportunity Grants, Federal Work-Study Programs, Federal Perkins Loans, and Federal Direct (Stafford) Loans.
You can obtain the FAFSA from the Office of Financial Aid at RIT. After completing the FAFSA, you should mail it to the federal processor in the envelope provided. The federal processor will calculate an expected family contribution and send the results to any colleges or universities you have listed. The federal school code for Rochester Institute of Technology is 002806. Please use this school code on your FAFSA.
You will receive a Federal Student Aid Report (SAR) four to six weeks after filing your FAFSA. Your SAR will indicate your eligibility for federal student aid programs as calculated by the federal processor. The SAR may also be used to correct any errors in the application information you have provided to the federal processor. If you need to make corrections, you should return your corrected SAR to the federal processor and, at the same time, mail a photocopy to RIT's Office of Financial Aid.
The RIT application is used in conjunction with the FAFSA form to determine your financial aid. After completing the RIT application, you should mail it to RIT's Office of Financial Aid.
If you are a New York resident, New York State's Higher Education Services Corporation (NYSHESC) will send you a (TAP) Tuition Assistance Program application once you have submitted a FAFSA. Most importantly, be sure to file your financial aid applications no later than April 1. This is RIT's priority deadline for financial aid consideration.
Families should also make every effort to complete their federal tax returns prior to filling out their financial aid applications, since this will greatly simplify the process. Please note that RIT has chosen not to use the College Scholarship Service Financial Aid Profile Form used by some universities to process financial aid awards. The CSS form requires students to pay a substantial processing fee and often takes four to six weeks processing time. Using the Federal FAFSA will allow you to apply for financial aid with no processing fee, and will allow us to process your financial aid information more quickly.
In addition, please note that in order to be eligible for funding, students must be a U.S. citizen or eligible non-citizen; must be matriculated through the Admissions Office into a degree program which is at least 24 credit hours in length; and must demonstrate financial need (except the Federal Unsubsidized Loan and the Federal Direct Parent Loan for Undergraduate Students (PLUS)).
The primary consideration in calculating eligibility for aid is determining your financial need. We believe that the primary responsibility for funding higher education belongs with the student and (in the case of dependent students) with the student's family. Most of the aid programs administered by RIT's Office of Financial Aid require that students show need for assistance beyond whatever financial contribution can be reasonably expected from them and from their families.
The first step you will need to take to apply for financial aid is to complete the Free Application for Federal Student Aid (FAFSA). The information you provide on this form will be used to calculate the amount that you and your family will be expected to contribute toward educational expenses. This contribution is the same no matter which college or university you decide to attend. The formula used to calculate family contribution is called the Federal Methodology, and use of this formula is required when colleges include any federal aid programs in a student's financial aid award.
To determine your eligibility for financial aid, your expected family contribution is subtracted from the costs associated with your attendance at RIT. These include estimated costs for your tuition, fees, room, meal plan, books and supplies, transportation, and personal expenses. The difference between your estimated costs and your expected contribution determines your eligibility for financial aid.