The Tuition Prepayment 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 Presidential Scholarships, Achievement Scholarships, Computing Medal Scholarships, Innovation & Creativity Scholarships, FIRST Robotics Scholarships, Project Lead the Way Scholarships, Trustee Scholarships, Co-op Scholarships, Performing Arts Scholarships, RIT Recognition Scholarships, RIT Merit Scholarships, RIT Tiger Pride Award, and RIT National Merit Scholarships. 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.