Determining Your Financial Need

In determining your financial need at Rice University, we consider multiple factors including your income and assets, your family's income and assets, your parents' ages, and your state of residence.  All of these factors are evaluated using both a Federal and institutional financial need formula in order to determine your expected family contribution.

Starting with the 09-10 freshman class, Rice will no longer award loans to students whose family income is below $80,000.  All of these students' financial need will be met through a combination of grants, work study, merit aid (if qualified) and institutional funds.

For students whose family income is above $80,000, Rice will award a small subsidized loan in combination with grants, work study, merit aid (if qualified) and institutional funds to cover 100% of the student's unmet need.  The subsidized loan for students entering in the Fall of 09 who show need will be $2500 each year they attend Rice.