<p>The below is a link to a WSJ article which appears in Oct. 4th issue. A brief video. Second half of video is of most interest. Rice U. (and others) want access to my child's savings account ??? Didn't Rice raise billion$ this past or current year....? </p>
<p>Video</a> - The End of the Full College Scholarship? - WSJ.com</p>
<p>Our experience with Rice does not correspond to this article.</p>
<p>It has been a common practice among a number of universities to use the child’s savings as part of their education costs. Isn’t that what they’ve been saving for anyway?</p>
<p>Exactly momster. The reason we have a 529 is so the assets are treated as parental and apply at < 6% toward the net price calculation versus student assets, which are considered at a 25% rate contribution each year towards the net price.</p>
<p>When it first started, and I think the stat it was eluding to at the start of the article, was the work study dollars. To me, that is the “student contribution” that is expected of every student, and they do range from $1500 to around $4k.</p>
<p>The whole video is a bunch of nothing – a story looking for a topic. The only thing I would say is that if my kid earns an outside scholarship and they take it out of his FA instead of his loans or work study, I am going be pretty miffed.</p>
<p>Also, in my research (though not experience yet), Rice has excellent financial aid. And if they do put a minimum fee on an otherwise merit-based full ride, take out a loan and attend without looking back!</p>
<p>Does Rice offer a merit-based full-ride scholarship ? I haven’t heard it and so coul you confirm ?</p>
<p>Engineering Scholarship Outstanding applicants to the engineering division.
$10,000 - Full Tuition<br>
Renewable for four years.</p>
<p>[Financial</a> Aid at Rice University](<a href=“http://financialaid.rice.edu/scholarships.aspx]Financial”>http://financialaid.rice.edu/scholarships.aspx)</p>
<p>Room & Board ~14k</p>