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Financial Aid & Scholarships

Attending college is a major decision that requires a significant investment financially as well as your time and effort. This why when applying to Saunders College of Business, you have a dedicated financial aid advisor to coach you through the many financial aid and scholarship options for you to consider.

As part of RIT, more than 13,500 RIT undergraduate and graduate students receive over $300 million dollars in financial assistance from federal, state, and institutional resources, in the form of scholarships, grants, loans, and part-time employment.

Financial Aid Resources

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. These awards typically post directly towards your tuition bill. In addition to the comprehensive plans outlined in the RIT Financial Aid and Scholarships brochure, Saunders offers several scholarships specifically for business students. If you meet the requirements, you may apply to receive additional scholarship funds. Please see the individual scholarship application forms below for requirements and information about who to contact.

complete list of RIT merit-based scholarship awards is available.

Saunders Admissions Scholarships

Saunders College of Business may award a limited number of 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 you complete you application in full.

Undergraduate Saunders Merit Awards

Eligible students may apply for a Saunders Undergraduate Merit Award after completing 12 credits at RIT. Saunders Merit Awards are reviewed in June for the next academic year.

Each year many generous alumni and corporate donors contribute funds to dozens of Saunders Merit Awards. These donations enable 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.

Please review these criteria that you must meet before applying for a Merit Award:

  • A cumulative grade point average of at least 3.20.
  • Earned a minimum of 12 credit hours from Rochester Institute of Technology.
  • Be enrolled full-time in a Saunders College of Business undergraduate program.
  • PREP students are not eligible for Saunders Merit Awards.
  • Bridge students are not eligible for Saunders Merit Awards.

Please submit your Saunders Merit Award 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 student 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, you must meet the following criteria:

  • Minority student
  • Monroe County resident
  • Interest in the financial services industry
  • Accepted as a full-time Saunders College student from a community-college
  • Strong academic records with demonstrated leadership experience

Download an application to 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 RIT 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 more information on RIT’s Merit-based Scholarships Awards program 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. Check the NYSTAA Web site for more information, or email Peter Rosenthal. Applications are typically due prior to March 1.