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Rice keeps tuition below 30000 for the 200809 school year and doubles

first_imgShareCONTACT: B.J. AlmondPHONE: 713-348-6770E-MAIL: [email protected] keeps tuition below $30,000 for the 2008-09 school year and doubles no-loan thresholdRiceUniversity today announced that it will hold tuition to $29,960 forthe 2008-09 freshman class and that it has doubled the income thresholdfor its no-loan policy to $60,000.Doubling the income threshold for the no-loan policy means thatstudents with family incomes below $60,000 will not be required to takeout loans to pay for college. This fall, for example, almost 20 percentof the freshmen were from families with incomes under $60,000. Tuitionwill increase $1,560, or 5.5 percent, over the previous year’s.  One ofthe country’s premier research universities and known for itshigh-quality undergraduate education, Rice has consistently kepttuition about $6,000 below that of comparable institutions. Thetuition increase was approved by the Rice Board of Trustees at the Dec.13 quarterly meeting.  Room and board for the year will be up $500 to$10,750.  Including tuition and fees, the total increase over theprevious year’s amount is 5.3 percent. The school also announced that more merit scholarships will be available for the next school year.  “What’shot news at some elite universities is tradition at Rice,” said ChrisMunoz, vice president for enrollment. “We focus on what it takes toprovide a premier but affordable educational experience for ourstudents, and that’s why we have a reputation for providing bestvalue.” The 2008 edition of the Princeton Review’s “America’sBest-Value Colleges” ranked Rice as the No. 1 best value among privatecolleges.  Rice admits students regardless of their ability topay and provides financial-aid packages that meet 100 percent of theirdemonstrated need. Packages can include federal and state grants, loansand work-study opportunities. Forty-three percent of the currentfreshman class received need-based aid, which on average covers nearly75 percent of tuition. No students who have demonstrated a need forfinancial aid are required to borrow more than $14,525 over theirentire four-year undergraduate education. “We are in a time ofgreat concern about the costs of higher education and at the same timefacing escalating costs for energy and other basics, as well as greatercompetition for top faculty, students and resources,” Rice PresidentDavid Leebron said. “We constantly monitor all of these factors andtake steps to ensure that our education is accessible and affordable.“Everydecision is aimed at giving students the best education and researchopportunities and in cultivating their unique abilities and interestsso that they leave Rice ready to have successful careers in which theycontribute to their professions, their communities and the world,”Leebron said. “At the end of the day, that’s Rice’s valueproposition.”   For more information about Rice and its financial-aid programs and to apply, go to www.futureowls.rice.edu. AddThislast_img read more