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RPI Tuition & Cost

Troy, New York

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How much does it cost to attend?

Sticker Price
$75,824
Costs for Rensselaer Polytechnic Institute
Fee Cost
Tuition$55,600
Books and Supplies$1,250
Other Fees$1,412
Room and Board $15,954
Other Expenses Budget$1,608

Annual Prices

The annual list price to attend Rensselaer Polytechnic Institute on a full time basis for 2020/2021 is $75,824 for all students regardless of their residency. This fee is comprised of $55,600 for tuition, $15,954 room and board, $1,250 for books and supplies and $1,412 for other fees. Out of state tuition for Rensselaer Polytechnic Institute is $55,600, the same as New York residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Rensselaer Polytechnic Institute when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$40,661
Net Price by Income Rensselaer Polytechnic Institute
Family Income Net Price Paid
$0 to $30,000$22,878
$30,001 to $48,000$20,738
$48,001 to $75,000$29,788
$75,001 to $110,000$31,589
$110,000+$43,003

The average reported annual net price for Rensselaer Polytechnic Institute for students receiving grants or scholarship aid was $40,661 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

88% of full-time undergrad Rensselaer Polytechnic Institute received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $33,155 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 45% of students received Federal Student Loans averaging $5,074 and 9% of undergrads took out private student loans averaging $24,523.

Finanical Aid Rensselaer Polytechnic Institute
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $33,155 88%
Institutional Grants and Scholarships $31,461 83%
Pell Grants $4,999 16%
Other Federal Grants $2,575 85%
State and Local Grants $3,086 10%
Federal Student Loans $5,074 45%
Other Student Loans $24,523 9%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Rensselaer Polytechnic Institute, we've modeled a ten year student loan with an original principal value of $133,028. The loan balance of $133,028 is a four year multiple of the $33,257 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,269 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $133,028
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,269.23
Total Interest Paid $19,280.06
Sum of All Loan Payments $152,308.06

Projected 4 Year Degree Price

4 Year Sticker Price
$303,296
Year All Residents
1 $75,824
2 $78,189
3 $80,627
4 $83,141

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Rensselaer Polytechnic Institute to be $303,296 - assuming graduation in normal time. The estimation assumes a 3.1% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Rensselaer Polytechnic Institute
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $2,320 $6,960 $9,280

Estimated cost for a class at Rensselaer Polytechnic Institute based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Rensselaer Polytechnic Institute versus other colleges.

Tuition Payment Plans Available

Rensselaer Polytechnic Institute Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=194824 IPEDS survey data for Rensselaer Polytechnic Institute.