Graduate Students in Accelerated Degree (BS/MS) Programs
After the Office of Financial Aid and Scholarships has been notified by the Office of the Registrar that you have advanced to year level 6 (graduate level), we will amend your financial aid accordingly.
For those students who file the Free Application for Federal Student Aid (FAFSA), if you plan on advancing to the graduate level within your BS/MS program in an upcoming summer or fall semester (check with your academic department), you can report on the FAFSA that you are a graduate student and answer “Yes” to the question “Will you be working on a master’s or doctorate program?” You will not need to report your parental information on the FAFSA.
If you don’t plan on advancing to the graduate level until spring semester, we recommend that you continue to report on your FAFSA that you are an undergraduate student and that you answer “No” to the question “Will you be working on a master’s or doctorate program?” You should also continue to report your parental information on the FAFSA unless you can be classified as an independent student for reasons other than working on an advanced degree.
Don’t worry if you make a mistake reporting your student status on the FAFSA. Often we can make the correction on your behalf once your FAFSA data has been received. We will notify you if you are required to make any additional updates to your FAFSA such as adding parental information.
Tuition and Fees
As a graduate student, you will be charged the graduate tuition rate based on the number of credits you are enrolled per term. Please refer to the Tuition and Fees section of Student Financial Services’ web page.
Financial Aid (Grants and Scholarships)
Part of your financial aid award will include a BS/MS Tuition & Fees Award. The BS/MS Tuition & Fees Award will cover the difference between graduate tuition/fees and undergraduate tuition/fees based on the number of credits enrolled per term. No minimum number of credits of enrollment necessary to receive this offset.
Grants that you had as an undergraduate student will be converted to a RIT BS/MS Scholarship. The amount of the scholarship will be prorated based on the number of credits you are enrolled per term. You must be enrolled for a minimum of six creditswithin a term in order to receive this prorated grant funding. Examples of grants that may be part of your RIT BS/MS Scholarship are:
If you have been awarded RIT merit-based scholarships as an undergraduate student, then these merit-based awards will also be converted to a RIT BS/MS Scholarship. You must be enrolled for a minimum of six credits within a term in order to receive this prorated merit-based funding. Examples of RIT merit-based scholarships include but are not limited to the following:
RIT Presidential Scholarship
RIT Founders Scholarship
RIT Trustee Scholarship
RIT Phi Theta Kappa Scholarship
RIT National Merit Scholarship (until you have exhausted your National Merit Scholarship eligibility)
RIT Nathaniel Rochester Scholarship (until you have exhausted your eligibility)
NOTE that your BS/MS Tuition & Fees Award and/or your RIT BS/MS Scholarship will be amended based on your actual enrollment status and tuition charge shortly after the Add/Drop period of a semester has passed.
Federal Student Loans
Qualified students will be offered the maximum eligibility in the William D. Ford Unsubsidized Direct Loan program for graduate students (up to $20,500 annually). Any Federal Direct Parent PLUS Loan and Undergraduate Federal Direct Loans will be cancelled for upcoming terms.
You must be enrolled in a minimum of six credits in coursework per term to qualify for federal student loan funding. If you are enrolled in less than six credits but have been granted full-time equivalent status by your academic department, you will still qualify for federal student loan funding. Loan eligibility for students with full-time equivalent status is limited to a maximum of three terms.
Students who are offered additional federal loan funding mid-year will need to accept the new loan amount on the Financial Aid & Scholarships section of eServices.
For more information about federal student loans for graduate students, please refer to our Loan Resources section.
These awarding policies are effective for students who advance to graduate level in an approved accelerated degree program as of summer semester 2178. If you have questions as to how your financial aid award was determined prior to summer semester 2178, please contact your financial aid counselor.
Financial aid for graduate students typically disburses to their accounts approximately within a week of the last day of the Add/Drop period of a term after we have confirmed their enrollment statuses.
The BS/MS Tuition & Fees Award and/or the RIT BS/MS Scholarship cannot be combined with any scholarship and/or tuition remission funding that may be awarded to you by your academic department. We will calculate which funding source covers the greatest percentage of your tuition and apply that amount to your account.
If you have questions pertaining to your financial aid award, please don’t hesitate to reach out to your financial aid counselor for assistance. You can find your financial aid counselor’s e-mail address in our Contact Us section.