<p>I heard that Rice caps the amount of debt a student can accumulate - at $20,000... is this true? and is that $20,000 a year? or $20,000 by the time you graduate?
because even if it IS $20,000 per YEAR.. I know for a fact that i'll be taking more than $20,000 in loans. Did I just hear this info wrong?</p>
<p>The $20,000 is referring to the Perkins Loan Program, one of the three types of loans.</p>
<p>The Perkins Loan Program will not be more than $4,000/ year or a total of $20,000 for all years. </p>
<p>So there are other loans, Stafford, PLUS, that will offered to you to cover your educational costs.</p>
<p>look here: <a href="http://www.futureowls.rice.edu/futureowls/Loans.asp?SnID=741345036%5B/url%5D">http://www.futureowls.rice.edu/futureowls/Loans.asp?SnID=741345036</a></p>
<p>I believe I read that the new loan cap is $14000 (it was $10500 for entering freshman last year) but I can't find that info on the Rice website anymore. Email the FA office and ask, then let us all know :) You can ask for more loans to help your parents pay their EFC, and Rice will give them to you.</p>
<p>oh! thanks you guys! i'll look into that this weekend when i get time xP</p>
<p>i thought the end of senior year was supposed to slow down and be easier... aiyahh!!</p>