Welcome to the Rochester Institute of Technology Net Price Calculator (NPC). We’re happy you are beginning to plan how to pay for your college education. Using this net price calculator will provide the average amount of aid a student received in assitance in the 2017-2018 academic year, incluiding scholarships to help you estimate financial aid and your out-of-pocket expenses. It provides the AVERAGE amount of gift aid a student received based on the questions asked. It does not represent the actual amount you will recieve since it is only based on average awards a student received based on family income, household size, and number attending college. Results from the net price calculator will show you how affordable Rochester Institute of Technology can be.
The NPC is intended for use by an individual who will be a first time undergraduate freshmen at RIT. Do not use the calculator if you will be a transfer student, graduate student, or receive Veteran educational benefits.
RIT also recognizes outstanding academic achievement by awarding merit scholarships, regardless of a student’s financial need. Some students who are awarded merit scholarships choose not to apply for need-based financial aid. For merit scholarship recipients who do apply for financial aid, the scholarship is included as part of a comprehensive financial aid award. For an overview of RIT academic and merit scholarships, please refer to RIT Merit Scholarships.
All academic programs at RIT offer an experiential component. Many programs feature an optional or required cooperative education component. RIT’s Office of Co-Operative Education and Career Services offers more than 3,500 students practical employment experience in conjunction with classroom learning each year. Co-op typically begins after completion of the sophomore year.
Even if you're not going to college in the near future, the net price calculator will still be helpful. Younger students and their parents can use this tool to learn about college costs and receive early financial aid information. You can create "what if" scenarios based on expected family income and anticipated expenses, and start to plan and save well before applying to college.
The estimates of aid eligiblity are average awards provided to students based on the informatiion you provide. The averages include those students who receive merit based awards from RIT. Not every student is eligible for a merit based award.
When you're ready to begin, you can sign in with your College Board user name and password or use the calculator as a guest. The advantage of signing in is that the information you enter will be saved in your account, so you can use it again and again to calculate your net price at other colleges of interest.
The calculator is designed to give you an early indication of how much and what types of financial aid you might qualify for if you were a college freshman attending school full-time in the academic year indicated. It is a tool which we hope will give you a clear picture of options and opportunities so you can make more informed decisions about your college choices.
As you use the calculator, please remember:
- This is not an application for admission to RIT or an application for need-based financial aid. Your information will not be relayed to or retained by RIT.
- The results will only be estimated based on the information you provide.
- The net price calculator will only give you an estimate of your net price and aid eligibility. The FAFSA asks for more detailed information, and your actual financial aid package will be determined by the RIT Office of Financial Aid and Scholarships once the FAFSA and Admissions credentials have been evaluated.
- The only way you will know for certain what it costs to attend RIT, what financial aid you will receive, what net amount you will have to pay is by: applying for admission, completing the Free Application for Federal Student Aid (FAFSA) and receiving official notification of your admission and the financial aid you are awarded.
- You must complete the Free Application for Federal Student Aid (FAFSA) as soon as possible after October 1 of the year before you plan to attend college.
- Special circumstances are treated on a case-by-case basis. Any additional information you feel might be helpful in determination of your financial aid eligibility should be communicated directly to the RIT Office of Financial Aid and Scholarships after you complete the FAFSA.
IMPORTANT NOTE: The results for total grant funding are AVERAGE amounts and must not be interpreted as the actual amount you may receive if admitted to RIT. Average amounts include students who may have received merit awards. Approximately 25% of applicants are not eligible for merit-based aid programs. Eligibility for merit based awards cannot be accurately calculated using the NPC because we review the applicants entire admission application, including academic, extra-curruicular activty, student essay, and letters of recommendation.
Completing the calculator should take no more than 20 minutes of your time. You will need to answer some basic questions about your parents' financial situation so it might be helpful to have recent tax forms or pay stubs on hand before you begin.