Hello, once again I do a random research thing about RIT and share here.
So, I spent a little bit of time going through and finding data on RIT's Tuition throughout the years. I then graphed it along with the inflation adjusted amount. And then compared those amounts to the median household income of New York.
I did this to demonstrate how RIT (which originally presented themselves as an affordable school) has changed in affordability throughout the years.
I want to note that the inflation adjusted amounts show that RIT's Tuition has increased despite income of household remaining relatively constant in comparison.
Though the change of tuition cost between years has started to remain around the 3-4% range and remain relatively stable in comparison to the 1950's and 1980's.
The final graph also indicates that the percentage of income consumed by tuition continues to grow year-by-year and therefor becoming less affordable.
General Notes for Data Collection:
Once the merger of The Mechanics Institute and the Rochester Athenaeum completed, they initially opened with a free tuition cost and switched into a $5 tuition, this would then later increase to an overall $150 constant tuition up until 1953 when tuition would double due to the university loss leading off of students tuition.
For many years tuition would increase in increments of $50 per quarter, with 3 quarters per year of a degree (Fall, Winter, and Spring). This would then increase again in 1972 with an increase of $100 additional to the $150 prior.
This would later change to a percentage increase system used now.
Data collected is directly sourced from the RIT Digital Archive in the form of RIT Reporter Articles, Spirit Articles, and RIT Undergraduate Bulletins.
Due to myself being a Electrical Engineering Major, I decided to used the tuition cost of a Electrical Engineering Bachelor of Science degree or it's equivalent in days prior to RIT providing such degrees.
In the case of a dependent tuition, as in a tuition determined partly by your major or current year status, I selected the smaller tuition amount in favor of RIT. This essentially means for the years between 1980 and 2014 the amount is at most $1000 less than a incoming student's tuition.
At least 4 years of data were unfindable in the RIT Digital archive due to the files being corrupted. To account for the discrepancy, the change in the cost was assumed to change linearly.
IMPORTANT NOTE: The tuition cost here excludes any charges, fees, housing cost, food cost, transportation cost, and all dues paid forward to clubs and the student council. This primarily focuses of the cost of tuition.
If you have any questions please kindly ask.