Big facts here!
If you run the Rice net price calculator that is supposed to give you a pretty good approximation of what your aid from Rice will be. Rice meets full need as Rice calculates it. Rice uses the CSS not the FAFSA to figure aid. As others have said, if you have large amounts of home equity, rental properties, a second home, profits from a business, money in a 529, etc. you may be disappointed in the financial aid package.
Showing interest by attending virtual meeting going to make any difference in the decision?
They claim they track DIâŠso it wonât hurt.
My D has just been accepted to Colgate. Our EFC is 0. Colgate offered a $18K grant. Thatâs it. Itâs so unfair I canât believe it.
Not that this will help but I do congratulate your child on getting into Colgate. If nothing else, itâs a great accomplishment.
At least Rice gives merit aid. I donât believe Colgate does.
Rice seems to use an income based approach - like if under $200K you get half tution. However, they always say - assuming normal assets.
Awful year.
Wait a minute, EFC is 0 and they only give you 18K? How can you afford to get education?
Also, wasnât Rice the one advertising that if your family income is less than $ 100,000, they give you a half tuition or full tuition I donât remember. But something like that.
It shows here - $65K and below is 100% all.
$65-130K is full tuition.
$130K - $200K is half tuition.
But they do disclaim - assuming typical assets.
So if your house is worth enough to pay, sorry charlie!!!
Iâm sure they give some out. But we see needing our assets so we donât have to move into a trailer home. As Cornell told me, we see it as you investing in your childâs future.
Wow. I read somewhere that private colleges may end up much cheaper than the State colleges. Completely wrong then.
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I donât know your situation. You very well may.
btw - many can be. U Denver is cheaper for us than BoulderâŠor about the same. U Tampa is better than UF.
Depends, often times on:
- Endowment - the best have.
- Selectivity - some of the lessers need to be cheaper to get you - like Hendrix in Arkansas.
For my money, on merit aid at top colleges, no one beats Washington & Lee. 10% of their class goes for free - look up the Johnson Scholarship. We didnât get - my daughter interviewed for a secondary she didnât getâŠbut they are generous in general.
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Daughter has been accepted to UVA, Michigan, Texas, Trinity, Oklahoma. Rejected by Carnegie Mellon and DePaul. Waiting on NYU, Rice, Northwestern, Syracuse, BU.
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Agree with @tsbna44, endowment is an important thing to consider if money is a concern. My D19 is in Emory, they gave as almost $40k/year need based. Itâs amazing. Among the schools my S21 got in so far, 2 private schools are asking for $45k (each offers 30k in merit), vs all the public schools he got in ranged from $54k to $64k per year (except one offers free tuition for NMF).
Impressive group of schools - but is it me - what happened with Depaul? Itâs nice to have great choices as hopefully we all will.
PurpleFaithful - keep the faith.
First, you need to get into Rice. Letâs be honest - maybe 1/12 of people get in and for RD, itâs probably worse. Many a very talented student is going to not get in.
Then worry about $$. If your # isnât what you need, you can talk to them.
But one shouldnât assume theyâre going to get in. Rice is a super stretch for every student out there in my opinion.
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And meanwhile Rice is still being coy on the decision date!
Wouldnât say coy - they say by April 1st. Everyone is always like - will it be Wed. Last year was the 24th or the previous year the 28th.
Iâd take them at their word - by the first.
Not coy at all.
Emory released tonightâŠsounds like WUSTL did too.
My DS is international and has excellent stats, 35 on ACT and 7/7 in all subjects in 11th and predicteds (IBDP), strong EC and essays. Iam worried about yield protection which seems to be more common this year. Does Rice try to protect their yield. It is a top choice for him as a premed. Thx
Rest assured, a school of Riceâs caliber does not yield protect applicants. If you get in, congrats! If you donât, then it doesnât mean you were unqualified or undeserving; there were simply too many great students and too few spots. Keep in mind âfitâ is also a very important factor. Best of luck!
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