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.
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