Middle Class Students Now Qualify for Full Scholarships at Rice University


September 18, 2018 1:46 PM
by 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.
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.

College is expensive, Scholarships.com is completely free. Pay for your college education with as much free college scholarship money as possible. By applying to all the awards you qualify for, you can be sure to not miss a single opportunity in paying for your college expenses - including tuition, fees, room and board. Get matched to college scholarships instantly and start applying today by conducting a free college scholarship search at Scholarships.com.

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