How much does it cost to attend?

Sticker Price
$57,401
Costs for Rochester Institute of Technology
Fee Cost
Tuition$41,761
Books and Supplies$1,082
Other Fees$584
Room and Board $13,046
Other Expenses Budget$928

Annual Prices

The annual list price to attend Rochester Institute of Technology on a full time basis for 2017/2018 is $57,401 for all students regardless of their residency. This fee is comprised of $41,761 for tuition, $13,046 room and board, $1,082 for books and supplies and $584 for other fees. Out of state tuition for Rochester Institute of Technology is $41,761, the same as New York residents.

All price data is sourced from the 2017/2018 U.S. Department of Education National Center for Education Statistics survey.

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Net Price

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

Average Net Price 2017/2018
$31,376
Net Price by Income Rochester Institute of Technology
Family Income Net Price Paid
$0 to $30,000$25,183
$30,001 to $48,000$25,607
$48,001 to $75,000$26,564
$75,001 to $110,000$28,654
$110,000+$36,061

The average reported annual net price for Rochester Institute of Technology for students receiving grants or scholarship aid was $31,376 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Financial Aid

Finanical Aid Rochester Institute of Technology
Type Avg./Student Students Receiving
Annual Total Grant Aid $21,055 95%
Pell Grant $4,456 29%
Federal Student Loan $5,693 67%

The average reported annual net price for Rochester Institute of Technology for students receiving grants or scholarship aid was $31,376 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Rochester Institute of Technology, we've modeled a ten year student loan with an original principal value of $103,856. The loan balance of $103,856 is a four year multiple of the $25,964 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 $1,078 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 4.529%.

Example Loan $103,856
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,077.80
Total Interest Paid $25,479.94
Sum of All Loan Payments $129,335.94

Projected 4 Year Degree Price

4 Year Sticker Price
$229,604
Year All Residents
1 $57,401
2 $60,545
3 $63,860
4 $67,358

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Rochester Institute of Technology to be $229,604 - assuming graduation in normal time. The estimation assumes a 5.5% 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 Rochester Institute of Technology
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,528 $4,584 $6,112

Estimated cost for a class at Rochester Institute of Technology 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 Rochester Institute of Technology versus other colleges.

Tuition Payment Plans Available

Rochester Institute of Technology 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=195003 IPEDS survey data for Rochester Institute of Technology.