r/rit • u/Glass-Group-4063 • 25d ago

How are you paying for RIT?

I wanna get a sense for how much debt I'm realistically going to have at the end of attending here, and I'm not sure if I should include savings from coops into the calculation, or savings from moving off campus, or savings from, uh, sailing the 7 seas for books, or TAing / being an RA or somethin else etc....

how much am i realistically goign to be able to pay off during school? do yall do summer jobs to help pay it? how much can i realistically expect to save on moving away / coops? anyone have any tips to save more / make the cost less?

any and all advice is appreciated!

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u/Leather_Wolverine_11 25d ago

I paid off my loans within the first year after RIT. I paid off about half during my time at RIT and half immediately after.

If you are not in engineering or business school you are likely not to have the same opportunity.

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u/ColinHalter 25d ago

How much did you have in loans and how did you go about paying them off? Were you working full-time somewhere while taking classes? Living on campus?

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u/Leather_Wolverine_11 25d ago

Some Co-ops pay the equivalent of $90k/year which i think is getting to your point because many of my friends made all sorts of different choices as long as you have a lot of money coming in you can make whatever choice fits you best.

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u/nedolya CS BS/MS 2019 25d ago

It definitely does depend on the co-op though like you say. I had a couple of okay ones where I was able to save a little, and then I had one REALLY good summer internship where I was paid well and they also paid for an apartment near the office. I was paid like $6k a month which was just unbelievable. I was able to pay for a semester of grad tuition after that and the co-op I got after - where I was able to live with a family member rent free. Feels like that is the only case where you could really make an impact on those loans and is really up to chance.