Finances

SCHOLARSHIPS AND ASSISTANTSHIPS

Full-time, accepted graduate students may be awarded scholarships and assistantships by the academic departments. The awarding of scholarships generally occurs during the Admission review process. If you have been awarded a scholarship, notification is included in this packet. If you are an international student, amount of your award is also shown on your I-20.

Assistantships are awarded through the academic departments and the process varies by department. For more information regarding application procedures, please contact the graduate coordinator in your academic department.

If you have not been awarded a scholarship or assistantship, you may contact your academic advisor concerning opportunities that might be available to you after you enroll at RIT.

A variety of offices on campus hire graduate assistants to work while they are here on campus. Following are opportunities you may want to explore:

Click here for information on Student Affairs Assistantships Available

Click here for information on Study Abroad Assistantships Available

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OTHER SOURCES OF FINANCIAL ASSISTANCE

U.S. CITIZENS AND PERMNANENT RESIDENTS: You may apply for need based financial aid by submitting the Free Application for Federal Student Aid (FAFSA). Part-time and online learning students are also eligible to apply for this aid, provided that they meet the citizenship or residency requirement.

If you are a US student, click here for information on other sources of financial assistance.

For more information, contact the Office of Financial Aid and Scholarships

INTERNATIONAL STUDENTS:

Student Employment – Full-time, matriculated international students (12 or more credits or full-time equivalents) may hold part-time jobs on campus. Students may apply for campus jobs through the Student Employment website at www.rit.edu/seo or apply directly to campus employers such as Dining Services. Students may work up to 20 hours per week and must apply for a U.S. Social Security number immediately after being hired. There may be an opportunity to apply for a Social Security number during International Orientation (if you have already obtained on-campus employment), or you may apply directly to the Social Security Administration at 100 State Street in Rochester. U.S. income taxes may be due on these earnings and will be determined by the RIT Payroll Office. Students on F-1 or J-1 visas are not allowed to work off-campus without the permission of the International Student Program Coordinator or the U.S. Immigration and Naturalization Service.

If you are an International student, click here for more information on other sources of financial assistance.

EMPLOYER TUITION ASSISTANCE

Firms offering 100% tuition reimbursement, or 100% up to $5,250 may qualify for the Employer Sponsored Tuition Plan. RIT extends a full-semester deferment to students from participating firms. Students must obtain official verification of their eligibility from their Tuition Aid Administrator, and must be in good financial standing from previous semesters. For more information, contact us at opes@rit.edu

COMPANY DEFERRED PAYMENT PLAN

Students working for firms that do not qualify for ESTP, or for firms that choose not to participate, may qualify for this deferment program, which extends to the mid-term billing. As with ESTP, students must be in good financial standing, and have verification of the firm’s tuition reimbursement practice.
Contact us for more information at opes@rit.edu

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PAYMENT OF TUITION AND FEES

ELECTRONIC BILLING PROCEDURES
The university has an electronic billing (eBill) program for students. Each semester, all RIT students receive an email notification to their official university email account, stating that their eBill is available. Students have the option of selecting three additional email addresses to allow for a parent, guardian, sponsor, or other authorized user to receive eBill notifications. Visit the Student Financial Services website for more information on eServices and electronic billing.

COSTS AND PAYMENT PROCEDURES

Charges for tuition, fees, room and board are computed on a semester basis. University billing statements may be paid by cash, check or electronic check (e-check). The university does not accept credit card payments for tuition, fees, room and board that appear on the student billing statement. However, we have an arrangement for a third-party vendor to accept MasterCard and Discover Card when payment is made online. The vendor does charge a service fee for each credit card transaction. Billing-related payments by check may be mailed to:

Student Financial Services,
P.O. Box 92878-200
Rochester, NY 14692-8978

Payments may also be made in person at the Student Financial Services Office in the University Services Center (Bldg. 87), 1st floor. Credit card and e-check payments may be made at http://eservices.rit.edu.

If you register when you arrive, you will receive a bill when you register, and you will be expected to pay the first semester’s tuition at the Student Financial Services office by the first day of classes. After the first day of classes, late payment fees on amounts not yet paid or arranged for will be charged.

The student billing office at RIT is known as Student Financial Services and is available on-line. Questions regarding your account balance, tuition charges and payment procedures should be directed to Student Financial Services. View your bill on-line with Student Financial Services at eService.

Full-Time Graduate Fee Schedule 2014-2015

Fall 2014-Spring 2015 Academic Year (2 semesters)

Tuition

$38,688

Fees

$260

Health Insurance

$1,000

Living Expenses

$11,568

Books/Supplies

$2,025

   

Total

$53,541

Part-time and Online

Tuition

$1,612 per credit hour

Fees

none

Books/Supplies/Other

varies by course

1 RIT health insurance required for all full-time graduate students.

2 Estimate based on shared costs for rent, utilities and food in RIT apartments. Choice of housing will determine (and possibly increase) actual cost.

If you live in RIT housing, your living expenses will vary depending on where you live. Additional information regarding on-campus housing options and costs is included in the Apartment Living brochure enclosed.

3 Photography and art students should estimate an additional $2,000 for materials and supplies per 9-month period of study.

4 International students requiring the services of our English Language Center may have additional tuition charges.

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PERSONAL FINANCES

You should bring enough money with you for your first few weeks at RIT. Many students have found it helpful to bring $1,000 in travelers checks. You may also wish to consider using an ATM machine on campus to access cash from an account previously established at a U.S. bank or one in another country. The ATM machines on campus are supplied by HSBC Bank, Bank of America and M&T Bank and use the NYCE, CIRRUS, Global Access, PLUS, Visa, and MasterCard networks. You should not carry more than $100 in cash.

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BANK ACCOUNTS

You may open a checking and/or savings account at a bank in the Rochester area usually between the hours of 9:30 am and 3:00 pm, Monday through Saturday. It will take about 2 weeks for your new account to be activated, and for you to receive personalized checks from the bank. An account opened with a check from an overseas bank may take longer to activate.

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CAMPUS FLEX ACCOUNT

RIT has a convenient Tiger Bucks system. You may place an amount of money in an account at RIT, called Tiger Bucks, and then use your Student ID to make purchases on campus, such as in the bookstore, food service areas, library, and vending machines.
Arrangements for the opening of a Tiger Bucks account can be made with the Student Financial Services Office, (585) 475-6186 or Dining Services Office, (585) 475-2228 .

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IMMUNIZATIONS & HEALTH HISTORY FORM

All students registered for 4 or more credit hours and born after January 1, 1957 need to comply with New York State and RIT immunization requirements. New York State Law requires proof of immunity to measles, mumps and rubella through either two 2 MMR’s or positive blood titers for each disease. New York State also requires all students, regardless of age, to sign a meningococcal awareness form. RIT requires students age 26 and under to have the meningitis shot. Required immunizations should be obtained before arrival at RIT to avoid a delay in registration or interruption of classes for which you may have enrolled. Contact the Student Health Center at (585) 475-2255 with questions.

Additional information and forms are available at www.rit.edu/studentaffairs/studenthealth. Contact the Student Health Center at (585) 475-2255 with questions.

RIT requires that full-time graduate students maintain health insurance. You may apply for coverage through the RIT group rate insurance plan if you do not already have coverage. The annual rate for health insurance for the 2012-2013 school year is approximately $900. For more information, go to http://finweb.rit.edu/grms/studentupdatevoluntary.html


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