Rice’s strategic plan, the Vision for the Second Century, Second Decade (V2C2), is driven by mission and values. Chief among these values — is value.
The increasing costs of higher education, reductions in governmental support and more students on financial aid create a challenging environment for top-tier private universities. Yet our value proposition is one of our greatest assets — and we intend to improve upon it. Here is a snapshot of where Rice stands today and a peek at what’s ahead.
Our Commitment to Affordability
- $71.1 million — Over the last decade, we have increased our annual aid for undergraduates from $29.1 million (FY07) to $71.1 million (FY17). In fall 2016, 69% of the freshman class received some form of financial aid from Rice and/or state and federal governments.
- Need-blind — Rice is one of a select number of institutions that admits students based solely on their academic merits, not their ability to pay.
- 100% — Rice meets all demonstrated financial need through grants, scholarships, loans and work study, while also eliminating loans as a requirement in financial aid packages for families earning less than $80,000.
How we're doing
- 72% — Percentage of Rice students who graduate without debt.
- A+ — Rice’s score on Niche.com for “Value.” (Rice is ranked No. 5 overall by Niche.com for its combination of academics, value, campus, diversity and other factors.)
- No. 5 — Best value among private universities, according to Kiplinger’s.
Where we're headed
- RESP — We are continuing to expand support for Rice’s Emerging Scholars program, which has been successful at preparing students for study in STEM fields. Read about RESP scholars Maryam Elizondo '19 and Marcelo Salinas '19.
- $200M — Rice seeks to raise $200 million to support students with demonstrated need and to strengthen our position in a competitive financial aid environment.
- Opportunity Funds — We aim to raise student opportunity funds to ensure students from all financial backgrounds can participate in co-curricular and extracurricular learning opportunities. Read about the Cullinan Access and Opportunity Fund.