Rice U Expands No-Loan Policy
Rice University (TX) has expanded its no-loan policy for the 2009-2010 freshman class from a $60,000 income limit to an $80,000 limit. Under the new policy, incoming freshmen who qualify for need-based aid with family incomes below $80,000 will not be required to take out loans to pay for college. Almost 18 percent of this year's freshmen were from families with incomes under $80,000. For a family whose income is above $80,000 and who demonstrates need eligibility, Rice will meet 100 percent of the student's need, and the student's loans will not exceed a total of $10,000 over four years at Rice.