Middle Class Students Now Qualify for Full Scholarships at Rice University

Middle Class Students Now Qualify for Full Scholarships at Rice University
Susan Dutca-Lovell
Photo courtesy of Rice University

Some middle-class families may qualify for free tuition scholarships or grants to attend Rice University under a brand-new financial aid plan. The new initiative, called The Rice Investment, will provide full-tuition scholarships to families with incomes up to $130,000 and tuition cuts for families with incomes up to $200,000.

Rice University's full, free college scholarships are earmarked for families who earn an income between $65,000 and $130,000. Rice University is also "dramatically expanding” its financial aid, providing partial undergraduate scholarships to students whose families' income surpasses the maximum $130,000. Families with income between $130,000 and $200,000 may qualify for free scholarships covering at least half of their tuition. Students "will no longer be required to take out loans as part of their need-based financial aid packages" under The Rice Investment.

The majority of financial aid is based on the FAFSA, which is used to determine the Expected Family Contribution (EFC); the latter being what the government estimates families are able to afford to pay for their children's college education. The complex formula - which considers income, assets and more - does not necessarily account for family expenses, retirement savings, or paying for multiple children's college education; thus often overestimating parents' ability to pay for college. Such is the dilemma for families who are considered "too rich for financial aid" but too poor for college.

We make it simple and match you to college scholarships you qualify for.