Credits and Refunds

Since RIT has been mandated to close its housing facilities to mitigate the spread of the COVID-19 virus, we are finalizing student refund amounts for unused housing and dining charges for the Spring semester. Once the credits are posted to student accounts and applied toward any outstanding charges, Student Financial Services will send a personalized email to each student advising them of the credit amount. 

Other previous situations where a student withdrew from classes and/or left the campus resulting in termination of their housing and dining agreement will continue to be governed by RIT’s existing withdrawal policies.

FAQs

Now that the housing check-out process is complete, we are finalizing student refund amounts for unused housing and dining charges for the Spring semester. Once the credits are posted to student accounts and applied toward any outstanding charges, Student Financial Services will send a personalized email to each student advising them of the credit amount.   

You’ll receive an email from Student Financial Services asking you to indicate whether you want leave the funds on your student account to be applied to Fall Semester charges or receive a refund. If you are requesting a refund, to expedite receipt, please enroll in direct deposit at eservices.rit.edu.

Please note that these credits were calculated on an individual basis, and in certain cases, the credit amount was reduced by the percent of need-based aid received by the student.

The housing refund is based on 50% of the Spring semester charge less each student’s percentage of institutional need-based financial aid.  

The dining refund is based on 50% of the dining plan for meals and meal exchanges plus any unused dining dollars less each student’s percentage of need-based financial aid.

Federal and state grants were not considered in the calculation of the percentage of need-based aid in the housing and/or dining refunds.

Parking is prorated based on the charge for year or semester and will be applied separately within the next week. Financial aid was not considered.

Students who file a Free Application for Federal Student Aid (FAFSA) are considered for all institutional need-based grant and scholarship programs. If eligible, RIT need-based awards were listed on your RIT financial aid award letter. Federal and state grants were not considered in the calculation of the percentage of need-based aid in the housing and/or dining refunds. More information is available on the Office of Financial Aid and Scholarships web page.

The incentive, which is 15% of the credit balance resulting from the housing/dining credit for Spring, up to a maximum of $500, will be applied to your student account after Fall bills come out in early July 2020.

No, since the credit is related to Spring 2020 semester housing and dining charges, and it will be applied in the current academic year, it is not considered Estimated Financial Assistance for the following year.

Since the incentive credit will be applied after the Spring 2020 semester, it will be considered Estimated Financial Assistance for the following year. However, given that the maximum incentive amount is $500, it is unlikely it will impact any aid sources a student might otherwise receive.

Yes, the incentive can remain on your student account and be applied to Spring semester charges.

Refunds will be credited to the student’s account except for Federal Parent PLUS Loans, which will be refunded to the parent borrower.

It depends on the percent of housing and dining charges that were provided as part of your RA package. For example, if 100% of your room and board were paid by RIT, you will not receive a refund.

The VR credits on student accounts and sponsor bills will be adjusted according to the amount of the authorization.

Since RIT was required to close its Housing and Dining facilities to mitigate the spread of the COVID-19 virus, the university is crediting student accounts for the unused portion of their housing and dining charges after the closure date. Other previous situations where a student withdrew from classes and/or left the campus resulting in termination of their Housing and Dining agreement will continue to be governed by RIT’s existing withdrawal policies.

There is no penalty for not making the April payment. You can wait until the housing/dining credits are applied to your student account and then use that credit towards the balance due. No late payment penalties are being assessed, and there are no enrollment holds for Fall. However, to receive the 15% incentive, the student account must have all credit balance equal to the amount of the housing/dining refund. If the credit balance is less than the amount of the housing/dining refund, the incentive will be calculated on that balance.

The housing and dining credits were reduced by the percentage of RIT need-based aid you received.

Please note that these credits were reviewed and calculated on an individual basis, and in certain cases, a percentage of need-based aid was applied to the student account, reducing the amount of the credit. If you have further general questions about the housing and dining refund process, contact the RIT Student Financial Services Office.

Because academic courses are available via alternative delivery modes and we are past the tuition refund policy due date, the university will not be adjusting tuition and required fees.

Congress is currently considering legislation that may provide some relief to students and institutions impacted by COVID-19, and which may provide support for students living in off-campus housing. RIT is actively engaged in advocacy efforts on this legislation on your behalf. We urge you to contact your Federal representatives to ask them to include relief for students in this legislation.

If students have concerns regarding off-campus housing, they can reach out directly to their landlords to discuss options. Here is contact information for some local management firms: