Your financial need represents the difference between the cost of attending RIT and the amount of your expected family contribution.
Cost of Attendance - Expected Family Contribution = Financial Need
Cost of Attendance
Cost of Attendance (COA) includes all expenses billed by RIT and additional estimated expenses for books, transportation and other miscellaneous expenses.
The Office of Financial Aid and Scholarships provides detailed Cost of Attendance Budgets for undergraduate and graduate students. These budgets are used to determine the amount of need-based financial aid that you are eligible to receive. We also encourage families to use these budgets to plan for college expenses.
Expected Family Contribution (EFC) is based on a federal calculation using the information provided on a student’s Free Application for Federal Student Aid (FAFSA).
The EFC is made up of two parts: the student contribution (a percentage of the student’s income and assets) and the parent contribution (calculated by a percentage of total income and assets AFTER allowances).
Your EFC is not the amount of money your family will have to pay for college, nor is it the amount of federal student aid you will receive. It is a number used by RIT to calculate how much financial aid you are eligible to receive.
Once you have subtracted your Expected Family Contribution from RIT’s Cost of Attendance, you will be left with your financial feed. Your financial aid package is a resource you and your family can utilize to fulfill this need. Through a combination of scholarships, grants, loans, and student employment granted by RIT, the federal government, your state of residence, and/or other outside sources like private institutions and banks, you can subsidize your financial need to make your education financially possible.
RIT Graduate Scholarships and Assistantships are awarded by academic programs. Students who qualify for a full RIT tuition waiver or full reimbursement from an employer or an outside agency are not eligible for an RIT Graduate Scholarship.
If you have questions at any point in the process, we’re here to help.
For general questions about the financial aid process, we recommend our live chat.
For general questions about your specific situation, we recommend that you email email@example.com.
For detailed questions about your specific situation, we recommend that you call 585-475-2186.
Contacting our office by phone or email allows us to answer specific questions related to a student as long as we are able to affirm the student and the individual requesting information to protect privacy and confidentiality. Live chat is reserved only for general non-student specific information.
Office of Financial Aid and Scholarships
Bausch and Lomb Center
56 Lomb Memorial Drive
Rochester Institute of Technology
Rochester, NY 14623-5604