Fin Aid- does this make sense?

Colleges and Universities A-Z Rice University
1

<p>(Jimmy's mom here)
We got our financial aid package today. I've already emailed Rice asking a few questions but I thought I'd ask on here in the mean time.</p>

<p>He qualified for a full Pell Grant at $5550. So obviously our income is low enough for that. (I know they look at Profile, but just FYI, our Fafsa EFC = 0)
Also included was a Perkins Loan for $2500. I'm assuming this is the student loan that they cap at $10,000 over 4 years for a student whose family makes over $80,000. But obviously, we don't make anywhere near that.</p>

<p>The rest of his package is made up of a very generous Rice Tuition Grant and a work study. And there's a gap of about $4000 between COA and the package.</p>

2

<p>Hmmmm… I think these are questions you will have to ask Rice directly, since they have all the subtleties of your financial assets, and we don’t. The loan sounds like a mistake - he should be no loan. Definitely call or email again if you don’t get an answer from the FA department.</p>

3

<p>yes, I’m hoping they get back to me soon. They were very nice when I called last week and very quick to email me back today. I’m just very curious about the bottom line. At this point, I am the anxious mom, lol</p>