FAFSA vs. CSS Profile
To determine your eligibility for financial aid, you’ll be prompted to apply for FAFSA and the CSS Profile. What are these forms and what’s the difference? Do you need to complete both? Are they required to receive financial aid?
Compare FAFSA and CSS ProfileExpected Family Contribution (EFC)
Throughout the process of applying to college and for financial aid, you’ll hear a lot about your Expected Family Contribution (EFC). But what does that mean? And how does it impact your financial aid? Your EFC is an index number used by FAFSA to determine your eligibility for federal student aid. Then, to help determine your financial need, colleges and universities subtract your EFC from the Cost of Attendance (COA).
Want a more detailed explanation of EFC and how this calculation impacts your financial aid?
LEARN MOREWhat’s the Rice Investment?
To make education more affordable, we developed an original need-based financial aid program – granting students awards based on their family income eligibility.
MOney 101
It’s important to be financially literate—and not just when it comes to paying for school!
Savings & Interest
Savings & Interest
Saving is a great step towards healthy finances. You can choose to save using traditional savings, high-yield savings, credit unions and others. These accounts take your money further, allowing you to earn interest on your balance.
Loans & Interest
Loans & Interest
Loans are an advancement of money to borrowers, with the borrowers paying back lenders according to agreed upon terms. Terms include charges, fixed or variable* interest rates and repayment schedule.
*Fixed rates never change; variable rates may increase or decrease in time.
Credit & Interest
Credit & Interest
Credit gives you the ability to get goods or services prior to paying for it, with the understanding that you’ll pay the creditor (the owner of your card) back at a later date, often with interest, as determined by the terms of your agreement.
Helpful Links
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