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Annual Costs

Undergraduate Tuition

Tuition for Rochester Institute of Technology is $39,506 for the 2017/2018 academic year. This is 42% more expensive than the national average private non-profit four year college tuition of $27,755. The cost is 79% more expensive than the average New York tuition of $22,120 for 4 year colleges. Tuition ranks 152nd in New York amongst 4 year colleges for affordability and is the 34th most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $562 in addition to tuition bringing the total effective in-state tuition to $40,068.

Housing Costs

On campus room and board is provided by the school at a cost of $12,666 per academic year. Students electing to live off campus elsewhere in Rochester should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,066.

Other Living Expenses

If living on-campus, students should budget for $914 in additional living expenses. Off-campus students should budget for $914 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to RIT was $54,714 for the 2017/2018 academic year. The cost is the same for all students regardless of New York residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for Rochester Institute of Technology and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Rochester Institute of Technology
Estimated Budgets
New York Resident Total Budget $54,714
   In-State Tuition$39,506
   Other Fees$562
   Room and Board$12,666
   On-Campus Other Budget$914
   Books and Supplies$1,066
Non-Resident Total Budget $54,714
   Out-of-State Tuition$39,506
   Other Fees$562
   Room and Board$12,666
   On-Campus Other Budget$914
   Books and Supplies$1,066

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $54,714 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported RIT net price for in-state students is $27,923* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

92% of Rochester Institute of Technology students received grant aid in 2014/2015. The average total aid amount was $19,414. 32 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,097. To apply for a Pell Grant to attend Rochester Institute of Technology, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Rochester Institute of Technology
Financial Aid Summary
Average Annual Net Price$27,923*
Percent of Students Receiving Grant Aid92%
Average Total Grant Aid$19,414
Percent of Students Receiving Pell Grants32%
Average Amount of Pell Grant Aid$4,097

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$21,570
$30,001 to $48,000$21,868
$48,001 to $75,000$22,243
$75,001 to $110,000$23,352
$110,000+$32,287

Average Financial Aid Mix - $54,714 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $54,714. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

36%
14%
50%

Grants and Scholarships

 36% - $19,414

Money granted to you by the U.S. Department of Education, Rochester Institute of Technology or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 14% - $7,446

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 50% -  $26,940

Covered by family savings, work or private student loans which you will have to repay.


*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. Rochester Institute of Technology
Hobart William Smith Colleges32.5% more expensive
Syracuse University14.3% more expensive
Sarah Lawrence College33.1% more expensive
Pratt Institute Main21.5% more expensive
Maryland Institute College of Art14.6% more expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Rochester Institute of Technology.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at RIT is $218,856 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $25,964 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $103,856**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $273,570 or $129,820 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Rochester Institute of Technology are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Rochester Institute of Technology
Price per credit hour$1,463
Cost for one class (3 credit hours)$4,389
Cost for one class (4 credit hours)$5,852

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Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 68% of Rochester Institute of Technology students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $7,446. The reported average student debt upon graduation is $26,000.

Example Loan Payments and Costs

How much are student loan payments for Rochester Institute of Technology? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $103,856, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $128,861.48. This could be your effective total out of pocket cost of an education at Rochester Institute of Technology. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 92% of students at this school who receive financial aid and you are paying an average annual net price of $25,964. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Rochester Institute of Technology student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Rochester Institute of Technology Student Loan Payments
Example Payments
Monthly Loan Payment$1,073.85
Amount Borrowed$103,856.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$25,005.48
Sum of All Payments over 10 years$128,861.48

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend RIT ? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Rochester Institute of Technology, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $128,861.48 would be needed to afford a $1,073.85 monthly payment in the example $103,856.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Rochester Institute of Technology in the future? In the past four years, this school's published in-state tuition and fee total rose from $32,784 to $39,506. This amounts to an average annual price increase of 4.1%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $218,856.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Rochester Institute of Technology.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$75,245$300,978
Estimated Cost in 10 years for students enrolling in 2029$96,033$384,133
Estimated Cost in 15 years for students enrolling in 2034 $122,565$490,262
Estimated Cost in 18 years for students enrolling in 2037 $141,885$567,539

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Rochester Institute of Technology to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 169 31% costlier
Mechanical Engineering Bachelor's Degree 133 29% costlier
Computer Science Bachelor's Degree 104 30% costlier
Informatics Bachelor's Degree 100 27% costlier
Electrical and Electronics Engineering Bachelor's Degree 90 30% costlier
Computer Systems Networking and Telecommunications Bachelor's Degree 69 103% costlier
Biomedical Sciences, General Bachelor's Degree 60 43% costlier
Liberal Arts and Sciences, General Studies and Humanities, Other Associate's Degree 59 137% costlier
Cinematography and Film/Video Production Bachelor's Degree 56 28% costlier
Sales, Distribution, and Marketing Operations, General Bachelor's Degree 54 27% costlier
Biotechnology Bachelor's Degree 49 46% costlier
Computer Engineering, General Bachelor's Degree 48 29% costlier
Computer Software Engineering Bachelor's Degree 45 42% costlier
Criminal Justice/Law Enforcement Administration Bachelor's Degree 42 71% costlier
Hospitality Administration/Management, General Bachelor's Degree 42 51% costlier
Packaging Science Bachelor's Degree 42 24% costlier
Civil Engineering Technology/Technician Bachelor's Degree 41 62% costlier
Finance, General Bachelor's Degree 41 47% costlier
Industrial and Product Design Bachelor's Degree 41 22% costlier
Modeling, Virtual Environments and Simulation Bachelor's Degree 40 46% costlier
Industrial Engineering Bachelor's Degree 34 36% costlier
Computer and Information Systems Security/Information Assurance Bachelor's Degree 34 118% costlier
Animation, Interactive Technology, Video Graphics and Special Effects Bachelor's Degree 34 35% costlier
Commercial and Advertising Art Associate's Degree 33 170% costlier
Psychology, General Bachelor's Degree 33 35% costlier
Accounting Bachelor's Degree 32 47% costlier
International Business/Trade/Commerce Bachelor's Degree 29 33% costlier
Management Information Systems, General Bachelor's Degree 27 49% costlier
Diagnostic Medical Sonography/Sonographer and Ultrasound Technician Bachelor's Degree 26 55% costlier
Biology/Biological Sciences, General Bachelor's Degree 25 35% costlier
Physician Assistant Bachelor's Degree 23 22% costlier
Prepress/Desktop Publishing and Digital Imaging Design Bachelor's Degree 23 43% costlier
Interior Design Bachelor's Degree 23 41% costlier
Public Relations, Advertising, and Applied Communication Bachelor's Degree 22 37% costlier
Economics, General Bachelor's Degree 20 22% costlier
Applied Mathematics, General Bachelor's Degree 19 22% costlier
Electromechanical Technology/Electromechanical Engineering Technology Bachelor's Degree 18 60% costlier
Computer and Information Sciences, General Associate's Degree 17 176% costlier
Chemistry, General Bachelor's Degree 17 31% costlier
Environmental Science Bachelor's Degree 16 28% costlier
Administrative Assistant and Secretarial Science, General Associate's Degree 16 192% costlier
Computer Engineering Technology/Technician Bachelor's Degree 16 71% costlier
Biochemistry Bachelor's Degree 14 17% costlier
Public Policy Analysis, General Bachelor's Degree 13 1% cheaper
Environmental Engineering Technology/Environmental Technology Bachelor's Degree 12 37% costlier
Computer Numerically Controlled (CNC) Machinist Technology/CNC Machinist Associate's Degree 12 162% costlier
Physics, General Bachelor's Degree 11 24% costlier
International/Global Studies Bachelor's Degree 10 25% costlier
Graphic Communications, Other Bachelor's Degree 10 42% costlier
Communication, General Bachelor's Degree 10 41% costlier
Foods, Nutrition, and Wellness Studies, General Bachelor's Degree 10 48% costlier
Manufacturing Engineering Technology/Technician Bachelor's Degree 9 70% costlier
Computational Mathematics Bachelor's Degree 9 2% cheaper
Science Technologies/Technicians, General Associate's Degree 9 2% costlier
Telecommunications Technology/Technician Bachelor's Degree 8 31% costlier
Accounting Technology/Technician and Bookkeeping Associate's Degree 8 181% costlier
Fine/Studio Arts, General Bachelor's Degree 8 27% costlier
CAD/CADD Drafting and/or Design Technology/Technician Associate's Degree 7 184% costlier
Statistics, General Bachelor's Degree 7 22% costlier
Physical Sciences Bachelor's Degree 7 35% costlier
Business/Commerce, General Associate's Degree 7 148% costlier
Photography Associate's Degree 6 149% costlier
Metal and Jewelry Arts Bachelor's Degree 6 22% costlier
Mechanical Engineering/Mechanical Technology/Technician Associate's Degree 6 148% costlier
Fine Arts and Art Studies, Other Bachelor's Degree 5 20% costlier
Graphic Design Associate's Degree 5 145% costlier
Political Science and Government, General Bachelor's Degree 5 32% costlier
Drawing Associate's Degree 5 122% costlier
Computer and Information Sciences and Support Services, Other Associate's Degree 5 148% costlier
Museology/Museum Studies Bachelor's Degree 5 3% costlier
Graphic Communications, General Bachelor's Degree 5 44% costlier
Furniture Design and Manufacturing Bachelor's Degree 5 4% cheaper
Medical Informatics Bachelor's Degree 4 56% costlier
Automation Engineer Technology/Technician Associate's Degree 4 202% costlier
Ceramic Arts and Ceramics Bachelor's Degree 4 17% costlier
Philosophy Bachelor's Degree 3 21% costlier
Urban Studies/Affairs Bachelor's Degree 3 17% costlier
Engineering, General Associate's Degree 2 191% costlier
Bioinformatics Bachelor's Degree 2 33% costlier
Occupational Safety and Health Technology/Technician Bachelor's Degree 2 76% costlier
Business Administration and Management, General Associate's Degree 2 153% costlier
Electrical, Electronic and Communications Engineering Technology/Technician Associate's Degree 2 179% costlier
Journalism Bachelor's Degree 1 42% costlier
Sign Language Interpretation and Translation Associate's Degree 1 179% costlier
Photographic and Film/Video Technology/Technician and Assistant Associate's Degree 1 146% costlier
Liberal Arts and Sciences/Liberal Studies Associate's Degree 1 146% costlier
Human Resources Management/Personnel Administration, General Associate's Degree 1 160% costlier
Medical Illustration/Medical Illustrator Associate's Degree 1 2% costlier
Tourism and Travel Services Management Associate's Degree 1 160% costlier
Polymer Chemistry Bachelor's Degree 1 2% costlier
Mathematics and Statistics Bachelor's Degree 1 26% costlier

Calculators

Use the calculators below to formulate a college savings plan for Rochester Institute of Technology or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Rochester Institute of Technology in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Rochester Institute of Technology student loan.

Prepayment Option

About Rochester Institute of Technology

Rochester Institute of Technology is a four year private college located in Rochester, New York.  Full time enrollment is 14,789 and part time is 1,718. Learn more about getting accepted at Rochester Institute of Technology at CollegeSimply.

Students attending this school may pursue both undergraduate and graduate degrees.

Address
Rochester Institute of Technology
1 Lomb Memorial Dr
Rochester, New York
14623-5603

For Profit / Not For Profit Status

Rochester Institute of Technology is a private not for profit institution.

Rochester Institute of Technology cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=195003 IPEDS survey data.