A completed financial aid application and adherence to our¬†Satisfactory Academic Progress¬†standards are required to receive institutional grant funds. Institutional grant funding is the primary means utilized to meet students‚Äô demonstrated need.¬† Much of this is supported by dedicated fundraising efforts, generous gifts and support of our endowment. Institutional grant award amounts are determined primarily by the information provided on the CSS Profile. ¬†As with any other need-based financial aid, eligibility for this funding may fluctuate from year to year based on income, asset, and household information.¬†¬†
For the 2018-2019 aid year, undergraduate students with a federal Expected Family Contribution (EFC) of $5,486 or less may be eligible to receive a¬†Federal Pell Grant. The amount of each grant is determined by the student's EFC. These funds are provided by the federal government and are available to you as long as you qualify. In order to continue receiving the funds after your first year, you must complete the¬†FAFSA¬†annually and maintain¬†Satisfactory Academic Progress¬†as determined by Rice University.
All Texas Resident students must complete a Texas Core Residency Questionnaire and meet Texas residency criteria to be considered for Texas grants.¬†
Due to Texas State funding currently being under review by the State Legislature, availability for fund allocation is at the discretion of the State. If State funding is unavailable, we will review eligibility for other grants (federal/institutional) as long as all documentation is on file.¬†
Students from Texas may qualify for a¬†Tuition Equalization Grant¬†(TEG). These funds are limited and are awarded to undergraduate students with the highest need on a first-come, first-served basis.¬†
Eligibility is contingent upon completion and submission of the¬†Texas Core Residency Questionnaire¬†to our office via email (email@example.com)¬†or fax (713-348-2139). In the event that the form is not submitted, the student will forfeit the awarded TEG funds. TEG is not an additive award; it is part of the need-based financial aid package.¬†
Initial TEG recipients¬†must complete 24 credit hours and meet Rice‚Äôs¬†Satisfactory Academic Progress.¬†Renewal TEG recipients¬†will need to complete 24 credit hours, have a minimum of a 2.5 GPA, and complete at least 75% of attempted courses.¬†
If SAP requirements are not met the student will forfeit his or her eligibility. Rice University does not consider hardship provisions when evaluating continuing eligibility for TEG.