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Undergraduate Financial Aid and Scholarship

At RIT, we believe that the primary responsibility for funding the cost of higher education belongs with the student and (in the case of dependent students) with the student’s family. Many of the aid programs administered by RIT’s Office of Financial Aid and Scholarships require that the student show need for assistance beyond whatever financial contribution can be reasonably expected from the student and his or her family.

The RIT Office of Financial Aid & Scholarships website provides a full range of resources to assist you in planning your finances for your undergraduate education.

Please visit these pages for specific tuition, estimated costs, and payment options information which are found on the RIT Financial Aid and RIT Student Financial Services webpages.


Scholarships are financial awards given to students which are posted directly towards their tuition bill.

Admissions Scholarships

Saunders College of Business awards admissions scholarships to accepted students at the time of acceptance. The awards are determined after a review of all application materials and therefore cannot be determined until applications are completed in full.

Merit Awards

Each year many generous alumni and corporate donors contribute funds to dozens of Saunders College of Business Merit Awards. Like Scholarships, these donations enable the Saunders College to distribute Merit Awards to Saunders College of Business students who have demonstrated strong leadership abilities and who have excelled within their academic programs.

After earning a minimum of 12 credits, students may apply for a Merit Award. To apply, students must have a cumulative grade point average of at least 3.20, and must have earned a minimum of 12 credit hours from Rochester Institute of Technology.

  • Awardees must be enrolled in a Saunders College of Business undergraduate program.
  • PREP students are not eligible for Saunders College Merit Awards.
  • Bridge students are not eligible for Saunders College Merit Awards.
  • Apply for a Saunders College of Business Merit Award

    Please submit your application electronically (all submissions must be electronic only) to by the April 15 deadline.

M&T Bank Scholars Program for Community College Transfers

The M&T Bank Scholars Program provides a scholarship for one community-college transfer entering Saunders College of Business as a full-time student. The key elements of this program are funding in the form of a scholarship and a mentoring program that provides assistance with career decision-making and planning.

To be considered for this outstanding opportunity, a candidate must be a minority student residing in Monroe County with a sincere interest in the financial services industry, who has been accepted as a community-college transfer to Saunders College of Business as a full-time student. Candidates should also have excellent academic records with demonstrated leadership through school or community involvement.

Apply for the M&T Bank Scholarship. Applications are due by May 1 for fall enrollment. Late applicants will be considered if funds are available. Please contact the Office of Financial Aid to check on funding availability.

Additional Scholarships for Community College Transfers

The RIT Undergraduate Admissions Office has additional information on Scholarships for Transfer Students. For additional information on RIT’s Merit Awards and need based aid for transfer students, please refer to the Undergraduate Scholarships and Financial Aid for Incoming Transfer Students publication.

New York State Transfer & Articulation Association (NYSTAA) Scholarship

Transfer students who have completed an Associate degree from a two-year school who is a member of NYSTAA may qualify. Students also need a GPA of 3.0 or above, and plan to attend a four-year school who is a member of NYSTAA. RIT's Saunders College of Business is a member of NYSTAA. Check the NYSTAA Web site for more information. Applications are typically due prior to March 1.

If you have any questions concerning the above criteria, or questions regarding the application, please contact Peter Rosenthal.

Financial Aid and Scholarships

Business Viewbook

For more information please call +1.585.475.2294, send us an email, or request more information.

For quick Admissions decisions and determination for scholarship and financial aid please visit the RIT Office of Undergraduate Enrollment to apply online.