To be considered for The Rice Investment, students must complete the standard financial aid application process.
Students must complete the Rice financial aid application each year to be considered for need-based aid. Families demonstrating need within the outlined income ranges will continue to qualify for The Rice Investment.
Yes. Families may qualify for additional aid beyond The Rice Investment if they have further demonstrated need.
Outside aid is considered a resource and will reduce your demonstrated need. We believe in adjusting awards in the most beneficial way for the student to account for outside aid, therefore, any self-help aid in the initial award package will be reduced before any grant aid is adjusted. Grant aid will only be adjusted once self-help aid has been eliminated. For more details, visit the Outside Aid page.
Families with significant assets above what is typical for their income level may not qualify for The Rice Investment, but Rice is still committed to funding 100 percent of demonstrated need. A family‚Äôs assets might include cash and savings, investments, home equity, business net worth, other real estate and any other assets. We exclude qualifying retirement accounts.
While prospective international students are not eligible for The Rice Investment, they can apply for need-based financial aid by following the instructions in the Applying for Aid section.
Yes. The Rice Investment may be met through a combination of federal, state and institutional grant aid.
Yes. All students applying for need-based aid may also be considered for merit scholarships. However, the total amount of grants and merit scholarships cannot exceed the cost of attendance.
Yes. Starting in 2019-20, all undergraduate students with complete financial aid applications will be considered for The Rice Investment.
No. Graduate students are eligible for certain stipends, fellowships or other gift aid by their school. For additional information, visit the Graduate Student financial aid page.
Yes. We remain dedicated to meeting 100 percent of demonstrated need. Families with significant assets or income above the outlined thresholds of The Rice Investment may still qualify for need-based aid. To be considered, follow the instructions in the Applying for Aid section.