Since the Rice Investment was announced, Rice has seen a 29% rise in applications and an increase of matriculating students receiving need-based financial aid from 44% to 50%. The estimate provided using this calculator does not represent a final determination, actual award of financial assistance, or a final net price. Also, under the Rice Investment, the university does not require loans as part of financial aid requirements for students whose family income is below $200,000. Impact ReportWatch VideoMatching Gift Program. I've been given a good aid package as an incoming freshman (even though I do not qualify for the Rice Investment Initiative). Through grants, endowments, low-interest loans, campus work opportunities, or a combination of these programs, Rice makes every Are the financial aid packages at Rice similar every year? It did provide $7 million in new financial-aid money according to the Thresher, but that probably isn’t an especially large boost in percentage terms. Rice also meets 100 percent of demonstrated need for admitted students through financial aid, regardless of whether they qualify for The Rice Investment. We remain dedicated to meeting 100% of demonstrated need. From the Nominator. We strive to ensure that everyone has the opportunity to pursue a Rice education. While prospective international students are not eligible for The Rice Investment, they can apply for need-based financial aid by following the instructions in the Applying for Aid section. There are so many different types of financial aid available - and learning about them all can get confusing. Mailing Address: P.O. Is there anyone here whose aid packages have changed drastically year to year? Degree-seeking undergraduate students whose families earn less than $65,000* will receive grants that fully cover tuition, mandatory fees, and room and board. Learn about a new matching gift opportunity. share. Note: Rice is not “need-blind” for international student admissions like it is for domestic students. Under The Rice Investment program, full tuition scholarships will be awarded to degree-seeking undergraduates with family incomes between $65,000 and $130,000 who are eligible to receive need-based financial aid. Establish your own legacy at Rice and help us to build a future of accessibility and opportunity. Last year, Rice unveiled a new initiative to dramatically expand financial aid provided to students from low-income families to those with incomes up to $200,000. Determining the right school comes down to several factors — often, the biggest one is affordability. At Rice, we believe talent deserves opportunity. The Rice Investment is mostly a repackaging of existing financial aid programs. Yes. The financial aid programs at Rice provide assistance to meet demonstrated need for university attendance for all admitted students. Most aid funds are credited directly to the student’s account at the beginning of each semester. Endowed undergraduate scholarships are critical to sustaining this financial aid initiative in perpetuity. At Rice, we believe talent deserves opportunity. To be considered for The Rice Investment, students must complete the standard financial aid application requirements for need-based aid. You can explore our endowment resources or contact us at 713-348-4600 or giving@rice.edu to discuss how you can make an impact. The Thresher reports that the Rice Investment "resulted in a 29 percent rise in the number of applications and an increase from 44 to 50 percent of matriculating students receiving need-based financial aid." At Rice, we are committed to providing more students with access to the aid they need. . Because we believe that everyone has the opportunity to pursue a Rice education, we strive to ensure our financial aid supports that belief. Beginning in fall 2019 under The Rice Investment, middle-income families with typical assets will receive grant aid to cover full tuition if they earn up to $130,000 per year, and half tuition for families earning between $130,001-$200,000. Rice’s future is stronger with you. Box 1892, Houston, TX 77251-1892 |, 713-348-0000 | Privacy Policy | Web Accessibility | Campus Carry. Rice University offers need-based financial aid to a limited number of international undergraduate applicants entering in the fall semester. Discover how you can help. Students whose families earn between $130,000 and $200,000* will receive at least a half-tuition scholarship. Apply with CSS Profile International Freshman & Transfers The Rice endowment pool includes nearly 500 need-based scholarship funds that benefit undergraduate students, but we need to build on this foundational support to sustain The Rice Investment. Students whose families earn between $65,000 and $130,000* will receive at least a full-tuition scholarship. The Rice Investment empowers the most talented students to choose Rice based on their ability to excel, not their ability to pay. In FY 2015, the amount was $2.1 million. We exclude qualifying retirement accounts. Rice produces the next generation of leaders and advances tomorrow’s thinking. However, other sources of financial assistance exist, mainly in the form of loans. In fall 2018, four different divisions at Rice collaborated on the communications roll out for the Rice Investment, a new financial aid initiative that significantly expands support for low- and middle-income students and their families, allowing many students to attend Rice University tuition-free. Establish a named, endowed scholarship (minimum of $100,000, payable over 1-5 years), or contribute to an existing endowment. Mailing Address: P.O. The Rice Investment may be met through a combination of federal, state and institutional grant aid. Families with significant assets above what is typical for their income level may not qualify for The Rice Investment, but Rice is still committed to funding 100% of demonstrated need. 57% of undergraduates receive some kind of aid 57% of undergraduates receive some kind of aid With generous financial aid policies, more students have access to the aid they need. Fostering diversity and an intellectual environment, Rice University is a comprehensive research university located on a 300-acre tree-lined campus in Houston, Texas. So it seems the Rice Investment has met, at least in part, its stated goal of extending need-based financial aid to more students. Those with family incomes higher than $200,000 may also receive aid based on a determination of financial need. Affordability of Rice. 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