The Ivy Coach Daily

September 25, 2018

Rice Goes Tuition-Free for Low and Middle Income Students

Rice Tuition, Tuition at Rice, Rice Cost
Rice University has made a major announcement about tuition.

If your family income is $130,000 or less and you’re interested in attending Rice University, you’ll be excited to know that the university will no longer be charging your family tuition beginning in the fall of 2019. In an effort to reduce student debt, the school has announced a dramatic expansion of its financial aid offerings, effectively making the school tuition-free for low and middle-income students. In fact, the school will be offering full scholarships to students whose family incomes fall between $65,000 and $130,000. If a student’s family income falls below $65,000, Rice won’t only cover the full cost of tuition — the school will also cover full room and board as well as all fees. And for students whose family income falls between $130,000 and $200,000, fear not — these students can still receive grants that cover at least half of tuition costs.

Rice University’s Appeal to Low and Middle Income Students

As reports Bill Chappell for “NPR” in a piece entitled “Rice University Says Middle-Class and Low-Income Students Won’t Have To Pay Tuition,” “The change reconnects Rice to a key part of its legacy, [Rice University president David] Leebron said. For decades after the school first opened in Houston in 1912, Rice didn’t charge tuition at all. It changed that policy in 1965. Annual tuition at the university is currently set at $46,600. With room and board added in, the school puts the cost for undergraduates at $61,350 for the 2018-2019 school year — the first time that figure has topped $60,000. The financial aid will be offered under a plan called the Rice Investment — which the school says is aimed at cutting the burdens of student debt. Under the new system, students who qualify ’will no longer be required to take out loans as part of their need-based financial aid packages,’ the school said. The new program will take effect in the fall of 2019. At that point, all of the school’s undergraduate students will be able to seek the enhanced aid packages.”

Rice’s endowment exceeds $5.5 billion and the university was the subject of scrutiny when a tuition hike was announced in 2016. Many critics wondered why tuition had to go up when the endowment was so large. And while this sort of situation is by no means unique to Rice (schools with large endowments often raise tuition annually), the announcement that the school will go tuition-free for low and middle income students is a heck of a clap back by Rice. We salute Rice for their appeal to low and middle income students!

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