<p>I was wondering, how much is the average financial aide package for Rice University? Could some students/parents tell me what their "income bracket" was and how much financial aide they received? Also how much loans/scholarships you or your parents had to take ? Im concerned about debt and loans after applying/graduating from Rice and it is a factor in my application process.
Thanks!</p>
<p>well, since no one else has replied i guess i will. um...i'm poor according to the US whatever thingy so rice gave me LOTSSSSS of $$$. if it wasn't for the scholarship that i got, (gates) i would only have to pay $281!
no loans.
i love rice.
also rice has this new thing that they started my year. if your family makes under 60,000 a year (it used to be 30,000) then they pay for "everything" (it depends on how much you make under 60,000) WITHOUT loans.
pretty sweet.
i love rice! :)</p>
<p>The average package is somewhere around $22,000 I believe... and the cost of Rice is around $45,000. Rice will meet 100% of your demonstrated need (which means they will determine how much your family is supposed to pay and they will give you the rest mostly as free money, and also as work study and a few loans). I know a friend whose parents are doctors so he didn't get a single dime... and I also know another who is low income ($20,000 a year) so he got a free ride.</p>
<p>Every family is different--even with similar incomes. I think it is fair to say that Rice will try to make it doable for you--even though in some cases it may see your demonstrated need as being less than what another college pegs it at (and vice versa).</p>
<p>FWIW, it is consistently ranked one of the best buys/most affordable private universities.</p>
<p>Bottom line, there is no way for you to know what your Rice demonstrated need (or what your "university X demonstrated need" is) without being accepted and submitting all of the financial aid paperwork.</p>
<p>Rice seems to use our FAFSA EFC to determine aid, which is nice. We like how they let the outside scholarships replace student loans, and how they cap total student loans. DD graduated with no loans; DS will graduate with less than $8000 in loans (provided US government keeps funding the Byrd scholarships..) :)</p>