College Factual  by our College Data Analytics Team
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Can You Afford Rensselaer Polytechnic Institute?

Concerned about paying for college? Take a look at RPI’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $26,488 and $75,824

Feeling a little stressed about paying $75,824 to attend Rensselaer Polytechnic Institute each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for New York students, 84.4% of freshmen receive some form of financial aid, with the average amount totaling $30,992. Students from low-income families receive an average of $49,336 in aid during their first year.

Cost (no aid)

Tuition and fees$57,012
+ Room and board$15,954
+ Other expenses$2,858
Total cost$75,824
Affordability Score (2 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$75,824
- Grants and scholarships$30,992
Net price$44,832
Affordability Score (2 out of 100)
more expensive
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Average Net Price for Low Income Undergraduates

Total cost$75,824
- Grants and scholarships$49,336
Net price$26,488
Affordability Score (21 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at RPI.

Projected Costs Between $90,530 and $461,088 For a Four Year Degree. Between $47,315 and $224,246 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend RPI in 2020 - 2021 was $75,824. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 2.8% each year. If this trend continues, we expect the full cost for incoming freshmen to be $80,083 during their first year. By their senior year, that cost will be approximately $86,924 for a bachelor degree candidate ($82,301 for an associate degree candidate) for a total of $333,889 over the course of four years ($162,384 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Rensselaer Polytechnic Institute

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.8%2.8%
Freshman year$24,193$47,378$80,083
Senior year$23,121$48,704$82,301
Total 2-year net price$47,315$96,082$162,384
10-year loan interest @ 6.8%$18,025$36,604$61,862
Total monthly payment$544$1,106$1,869
Total amount paid$65,340$132,686$224,246
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.8%2.8%
Freshman year$24,193$47,378$80,083
Senior year$21,118$51,470$86,924
Total 4-year net price$90,530$197,620$333,889
10-year loan interest @ 6.8%$34,489$75,286$127,199
Total monthly payment$1,042$2,274$3,842
Total amount paid$125,018$272,906$461,088

Visit net price and financial aid to learn more about the total cost of attending Rensselaer Polytechnic Institute.

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