How RIT's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Rochester Institute of Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 11,279, which is 83.33 % of all undergraduate students. 8,058 students which is 59.44% of undergraduate students received federal student loans and the average loan amount is $6,393.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	10,826 (78%)	$18,123	4,081 (29%)	$4,131	8,409 (61%)	$7,245
2014-15	11,019 (82%)	$18,312	3,968 (29%)	$4,205	8,238 (61%)	$7,154
2015-16	11,516 (85%)	$18,696	3,988 (29%)	$4,245	8,929 (66%)	$6,272
2016-17	11,445 (86%)	$17,405	3,873 (29%)	$4,284	8,257 (62%)	$6,486
2017-18	11,698 (87%)	$19,555	3,917 (29%)	$4,790	8,206 (61%)	$6,334
2018-19	11,760 (87%)	$20,774	3,952 (29%)	$4,872	8,099 (60%)	$6,103
2019-20	11,489 (86%)	$20,005	3,744 (28%)	$4,876	7,775 (58%)	$6,150
2020-21	11,115 (83%)	$24,081	3,565 (27%)	$4,939	7,031 (52%)	$5,995
2021-22	10,647 (76%)	$26,782	3,723 (27%)	$5,075	7,580 (54%)	$5,799
Average	11,279 (83.33%)	$20,415	3,868 (28.44%)	$4,602	8,058 (59.44%)	$6,393

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 2,707 (95.11 % of students) received grants or scholarships and its average amount is $23,814. It can cover 42.03% of tuition & fees ($56,664).

In addition, 1,918 (67.33 % of students) students get helped from the students loans (average amount : $9,419).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,534 (92%)	$19,414	1,902 (69%)	$9,566
2014-15	2,477 (93%)	$20,253	1,904 (71%)	$8,952
2015-16	2,636 (91%)	$21,682	2,062 (71%)	$8,217
2016-17	2,455 (95%)	$21,055	1,748 (67%)	$8,876
2017-18	2,606 (95%)	$22,552	1,878 (68%)	$8,753
2018-19	2,695 (95%)	$23,248	1,950 (69%)	$9,685
2019-20	2,615 (98%)	$25,040	1,752 (65%)	$10,891
2020-21	3,091 (100%)	$31,960	1,952 (63%)	$9,936
2021-22	3,254 (97%)	$29,122	2,118 (63%)	$9,891
Average	2,707 (95.11%)	$23,814	1,918 (67.33%)	$9,419

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 868 (30.56 % of students) received Pell (federal) grants and its average amount is $4,483.

In addition, 842 students received State/local government grants/scholarships (29.78 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	886 (32%)	$4,097	625 (23%)	$1,484	1,062 (38%)	$4,544	2,485 (90%)	$16,021
2014-15	854 (32%)	$4,267	608 (23%)	$1,402	884 (33%)	$5,172	2,416 (90%)	$17,011
2015-16	929 (32%)	$4,301	686 (24%)	$1,270	946 (33%)	$5,388	2,606 (90%)	$18,108
2016-17	748 (29%)	$4,456	565 (22%)	$1,132	742 (29%)	$5,506	2,445 (94%)	$17,846
2017-18	843 (31%)	$4,482	660 (24%)	$1,049	847 (31%)	$5,268	2,606 (95%)	$19,124
2018-19	854 (30%)	$4,616	646 (23%)	$875	853 (30%)	$4,339	2,664 (94%)	$20,437
2019-20	811 (30%)	$4,648	1,845 (69%)	$1,083	763 (28%)	$4,715	2,561 (95%)	$21,912
2020-21	931 (30%)	$4,735	1,913 (62%)	$1,310	686 (22%)	$2,849	3,074 (99%)	$29,252
2021-22	956 (29%)	$4,746	792 (24%)	$485	798 (24%)	$2,577	3,151 (94%)	$27,860
Average	868 (30.56%)	$4,483	927 (32.67%)	$1,121	842 (29.78%)	$4,484	2,668 (93.44%)	$20,841

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 1,918 (67.33 % of students) get any students loan help and its average loan amount is $1,918.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	1,902 (69%)	$9,566	1,892 (68%)	$7,446	272 (10%)	$15,093
2014-15	1,904 (71%)	$8,952	1,899 (71%)	$6,860	254 (9%)	$15,817
2015-16	2,062 (71%)	$8,217	2,000 (69%)	$5,740	341 (12%)	$16,023
2016-17	1,748 (67%)	$8,876	1,739 (67%)	$5,693	304 (12%)	$18,467
2017-18	1,878 (68%)	$8,753	1,863 (68%)	$5,666	353 (13%)	$16,662
2018-19	1,950 (69%)	$9,685	1,932 (68%)	$5,284	460 (16%)	$18,863
2019-20	1,752 (65%)	$10,891	1,735 (65%)	$5,856	451 (17%)	$19,781
2020-21	1,952 (63%)	$9,936	1,908 (62%)	$5,197	483 (16%)	$19,624
2021-22	2,118 (63%)	$9,891	2,082 (62%)	$5,112	500 (15%)	$20,614
Average	1,918 (67.33%)	$9,419	1,894 (66.67%)	$5,873	380 (13.33%)	$17,883

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Scholarships, Grants, and Loan Trends at RIT

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time