The Tuition Prepayment Plan is a prepaid plan that guarantees no tuition increase for either four (4), six (6) or eight (8) semesters of undergraduate academic enrollment at RIT. The plan is available to matriculated full-time undergraduate students who are not receiving any form of need- based, RIT administered grant; students receiving only merit-based scholarships from RIT or local organizations are eligible to participate. RIT merit-based scholarships include: Alumni Referral Award, Career Pathways, Computing Medal, FIRST Robotics, Founders, Innovation & Creativity, National Merit/NMSC Recognition Award, National Recognition, Performing Arts, Phi Theta Kappa, Project Lead the Way, Presidential, Recognition, Tiger Pride Award and Trustee.
As a means of stabilizing tuition expenses, RIT will accept a prepayment from participants which will cover up to 18 credit hours per semester of undergraduate tuition charges for the duration of the option selected. The plan must always begin with a Fall academic term. Other institutional charges, such as room and board, applicable student fees, tuition overload charges and incremental tuition (above the standard RIT tuition rates) and program fees related to Study Abroad Programs are not covered under this agreement.
If you are interested, it is recommended that you consult your financial planner/tax advisor.