The IRS DRT will transfer tax information directly from your tax returns on to the FAFSA. This is the fastest, most accurate, and most efficient way to submit your information with the FAFSA.
A Tax Return Transcript is a document provided by the IRS showing most lines from your tax return and all information that would be transferred to the FAFSA using the DRT. This can be requested on the IRS website and must have the studentâ€™s name and Rice ID number or birth date on it when mailed, faxed, or emailed to us. Either submission is acceptable, however be advised that the Tax Return Transcript may result in a longer processing time.
3. How long does it take to get my FAFSA/CSS PROFILE/IDOC into my Rice records after I complete the item? How can I check if you have my application items?
After your application is complete, it takes an average of two to three days for the FAFSA, one week for the CSS profile, and up to two weeks for IDOC to appear in your records.
If the parent or student is not required to file a tax return, complete the appropriate Non-Tax Filer Statement and submit it with IDOC. If you are unable to locate the form on IDOC, email us for a copy. Be sure to include all income documentation such as W-2 or 1099 forms with the statement. These items are required.
5. How does Rice determine a family's expected contribution?
Rice considers it the responsibility of parents to contribute to educational costs. We calculate each family's contribution in part by using a federal methodology approved by Congress, but we also consider other resources available. Although Rice recognizes that parents have many financial obligations and preferences for how to allocate their resources, we expect that a studentâ€™s undergraduate education will be a priority in the use of those resources.
First, you must complete the CSS Profile. Then you will receive a confirmation email that contains information about using IDOC. If you continue to experience problems with IDOC or the CSS Profile, contact the College Board at 305-420-3670 or firstname.lastname@example.org.Â
International graduate students should contact email@example.com for detailed information concerning the availability of graduate student stipends or grants to International students.
Refer to the Office of Admission page concerning Freshman International Citizens. You can also visit our webpage about aid for International students here, and view additional resources on the Office of International Students & Scholarsâ€™ website.
Please refer to the Outside Awards section of our webpage for detailed information.
10. If my parents or I am offered a federal loan, what do we need to do to have the funds credited to my student account?
To complete the loan process as a first-time borrower for Direct Stafford Loans, you need to submit entrance counseling and sign a promissory note. If you have received loans in the past, you will need to accept the award(s) on your ESTHER account and no further action is needed.
Rice offers a payment plan that allows families to pay in installments. We also participate in the federal parent loan program (PLUS), which allows parents to borrow low-interest loans. Many families take advantage of both the payment plan and the PLUS loan program to meet their expected contribution. Students also have the option of helping meet their family contribution through both subsidized and unsubsidized student Federal Direct Loans as well as private loans.
A student is eligible to apply for Rice-sponsored aid during his/her first eight semesters at Rice. Students enrolled beyond eight semesters may apply for federal and state aid for two more semesters. Even if a student attends school part-time during a semester or withdraws in the middle of a term, that semester is counted towards the eight semesters of Rice-sponsored aid available to him/her. (Architecture students may apply for Rice-sponsored aid for two terms following their preceptorship.)
13. Why does the budget in my award letter and my bill statement show different costs?
In calculating your financial need, we rely on the same average comprehensive cost of attendance that the Cashier's Office uses to generate your bill, including tuition, room and board. However, we add other expected costs that are not reflected on your bill, such as transportation and personal expenses.
Your financial aid eligibility is assessed every year. Many factors can affect a studentâ€™s need-based award eligibility. Common factors include changes in a family's income or assets, in the number of children enrolled in an undergraduate program, or in the amount of merit aid the student receives.
Yes, your financial aid would be prorated to reflect your reduced enrollment, if you have been approved for part-time enrollment. No financial aid is available if you enroll for less than six hours. For information on part-time approvals, visit the Dean of Undergraduates webpage on Special Registration.
Yes, if the program is approved by the Study Abroad Office. If the program you are attending is more expensive than Rice, we will grant aid based on Rice's standard cost of attendance. If the program is less expensive, we will adjust your cost of attendance to reflect your programâ€™s costs. You should be aware that Rice will not release funds early so that you can pay for airfare or other costs that arise prior to the start of the Rice semester. You will need to make arrangements to meet these costs on your own, which you can make up when you receive your Rice funds.
Students who have remaining loan eligibility may be able to borrow funds to meet their summer educational costs. These funds cannot be used to pay for coursework that is not sponsored by Rice University.
The general student budget reflects the average budget for a student attending Rice; individual budgets are not created for each student based on his/her actual expenses. We award financial aid based on the average budget. In most instances, the budget is not increased unless a student documents higher expenses and wishes to secure additional loan funding. It is up to the student to make responsible financial decisions regarding their indirect costs.
Need-based aid is awarded by the Office of Financial Aid based on a familyâ€™s income profile. Merit scholarships are granted based on the admission application and are not influenced by the FAFSA or CSS Profile. The Office of Financial Aid plays no role in the selection of merit scholarship recipients.
An Appeals Committee reviews Special Circumstances based on the documentation you are able to provide. This review will only affect the current aid year. File reviews are carried out with great care and under the guidance of the Office of Financial Aid's upper administration. Only one appeal will be considered each year.
Our office makes every effort to respond to your questions as soon as possible. Ideally, we try to respond on the same day that you contact us. However, during our peak periods in the summer and the first few weeks of each semester, it may take us a few days to get back to you. If you are requesting that we review your financial aid file, allow several days for a decision.