Tuition Prepayment
Description
Families wishing to participate in prepayment have the choice of six quarters of tuition. Prepayment of tuition guarantees no increase in tuition for the cost of the plan.
6-quarter $63,168
Our prepayment option does not apply to charges other than tuition. Room, board and other charges are payable when billed and TPP participants are subject to future cost increases on such charges.
Eligibility and Enrollment
Undergraduate students who are not receiving University supported financial aid are eligible to participate in the plan. Students receiving merit-based scholarships from RIT are eligible to participate. Credits created on a student's account due to receipt of these scholarships can be used for non-tuition expenses.
Payment Date
Payment of the total prepaid tuition must be made to the University by July 15, 2011.
Study Abroad
Tuition and costs are charged based on the program and will be offset by the prepaid tuition under the TPP plan, with a corresponding reduction of the number of qualifying terms.
Refunds
In the event a student covered by TPP withdraws, or otherwise leaves the University, the participant will be withdrawn from the plan. When withdrawal occurs between academic quarters, a refund of unused prepaid tuition will be made on a prorated basis. If a student withdraws during a quarter, the refund for that quarter will be calculated in accordance with the University's regular refund policy.
A participant may elect to stay in the plan if the student leaves the University or is withdrawn provided the period of absence does not exceed one year. In such an instance, the prepaid tuition would remain with the University.
Advantages of TPP
The Tuition Prepayment Plan offers parents the opportunity to stabilize tuition costs avoiding future tuition increases. Savings in tuition increases may exceed the loss of investment income. The plan provides families with a convenient means to hold current tuition levels for two years by making a single lump sum prepayment. TPP relieves families of worry about future increases in tuition costs.
Application Procedures
Please complete application and remit with payment to Student Financial Services. Your application will be processed and you will be notified of your acceptance into the program.
