We consider multiple factors in determining your financial aid eligibility at Rice University. The income and assets of both you and your family, your parents' ages, and your state of residence contribute to our calculation. Federal and institutional financial need formulas are used to calculate your expected family contribution (EFC) towards the Cost of Attendance.
Our commitment is to students and their families. The brightest students should not only envision themselves here, but also be confident that they can embrace the full Rice experience. The following table outlines the Rice Investment initiative, starting in the 2019-2020 academic year.
|Family Income Range*||Grant to Include|
|$65,000 and below||Full Tuition, Fees, Room and Board|
|$65,001 - $130,000||Full Tuition|
|$130,001 - $200,000||Half Tuition|
*Assuming typical assets and typical family circumstances.
Rice remains dedicated to meeting 100 percent of demonstrated financial need. The Rice Investment may be met through a combination of federal, state and institutional gift aid. Any additional demonstrated need may be met through work-study and/or additional gift aid.
Families who apply for financial aid and do not qualify for The Rice Investment will still be evaluated for need-based aid eligibility. For these families, Rice will meet 100 percent of demonstrated financial need. Awards may be comprised of a combination of loans, work-study and grant aid.
We encourage our families to use our Rice Net Price Calculator (NPC) to view an estimate of the need based package eligibility. Financial aid awards are not final until all application requirements have been completed and verified by our office.
Cost of attendance for the 2019-2020 academic year has not yet been determined and will be published in the spring of 2019.