Rice University to offer full tuition scholarships to students from low and middle-income families

Today, Rice University announced a new initiative to make higher education more affordable by dramatically expanding financial aid provided to students from low-income families and to those with incomes up to $200,000.


According to a news release from Rice University:

Full tuition scholarships and grants will be offered to students from middle-income families under a new financial aid plan titled The Rice Investment. Under The Rice Investment program, full tuition scholarships will be awarded to degree-seeking undergraduates with family incomes between $65,000 and $130,000 who are eligible to receive need-based financial aid. In addition, students with family incomes between $130,000 and $200,000 will receive scholarships covering at least half of their tuition. Support for students from low-income families will also be significantly enhanced under the program, and students with family incomes below $65,000 will receive grant aid covering not only their full tuition, but also all of their mandatory fees and room and board.

David Leebron, President of Rice University said:

“Talent deserves opportunity,” said. “We’ve built on our already generous financial aid to provide more support to lower-income and middle-class families and ensure that these students have access to the best in private higher education.”


Rice is frequently ranked as one of the nation’s best values among private schools because of its generous aid policies and because its annual tuition, currently at $46,600, tends to be thousands of dollars lower than peer research universities. It is one of a select number of private higher education institutions that admits students from across the United States based on academic merit without considering their financial resources. Once students are admitted, they are awarded financial aid packages that meet their needs.

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