Rice University is “dramatically expanding” its financial aid offerings, promising full scholarships to undergrads whose families have incomes under $130,000. The school says it wants to reduce student debt — and make it easier for students from low-income families to attend.
“Talent deserves opportunity,” Rice President David Leebron said while announcing the plan on Tuesday.
The full scholarships are earmarked for students whose families have incomes between $65,000 and $130,000. Below that level, the university will not only cover tuition but also provide grants to cover students’ room and board, along with any other fees.
Another part of the program will help students whose family income surpasses the maximum: If their family’s income is between $130,000 and $200,000, they can still get grants covering at least half of their tuition.
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Rice University Says Middle-Class And Low-Income Students Won’t Have To Pay Tuition