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Tuition is 35,000+ for class of 2009

2

Replies to: Tuition is 35,000+ for class of 2009

  • cavalier302cavalier302 Registered User Posts: 4,343 Senior Member
    Rice should charge top dollar to those who can afford it, and then redistribute the wealth in the form of financial aid. You know, rob the rich to feed the poor.<---(says the guy anxiously awaiting his financial aid decision)
  • peariceparentpeariceparent Registered User Posts: 134 Junior Member
    I've always had a problem with the statement "Rice meets 100% of demonstrated need." Of course I realize this is based on the FAFSA and CSS, which IMO are totally unrealistic. In fact, I just completed both for the upcoming year and our SAR number went up by 7K! Other than borrowing, there is no way we can come up with what they say our expected family contribution is. At this rate, by the time my son has completed his undergraduate degree, we'll be in debt for close to 100K! Can you tell I'm depressed?
  • unclefeezus1unclefeezus1 Registered User Posts: 439 Member
    I know- "demonstrated need" is a pretty deceptive term. It wouldn't matter if my parents were billionaires, if they only gave me a few thousand dollars towards my tuition, then I would have difficulty paying for it. Granted, I think poor kids deserve more money than rich ones, but they shouldn't use the term "demonstrated need."
  • nspedsnspeds - Posts: 5,382 Senior Member
    Unfortunately, the notion of egalitarian (re)distribution is implausible on ethical grounds.
  • GatorOwlGatorOwl Registered User Posts: 58 Junior Member
    One of Rice's biggest competitive advantages was the differential between its costs and comparable private schools. I see that advantage disappearing. Clearly the super-bright kids receiving merit aid may not notice, but the middle-of-the-pack, middle-class families will.

    As a Floridian, Texas was not on our radar screen. However, the quality of Rice combined with it's "bargain" price-tag raised its visibility. Rice's dramatic increases, which portend more sizeable increases over my S's 4 years, has reopened our consideration of other schools. With the cost differential shrinking, it's harder to tip the balance in favor of Rice because "it's as good as but much cheaper than [fill in the blank] ."
  • jenskate1jenskate1 Registered User Posts: 1,391 Senior Member
    I totally agree with all of you.
    If my parents EFC was what they are actually paying, I'd be getting plenty more need based aid. This way, I have to work through school and likely take loans - hopefully it will be worth the struggle.
    In a sense, colleges do redistribute wealth - it's just that their assesments of who's wealthy do not always agree with ours! As the cost of Rice increases, so too does their financial aid budget, albeit not at the same rate.
    The only people that the tuiton raise is good for are people with incomes of less than $30,000 per year - they will graduate Rice loan free!
    I am interested to hear how satisfied you all are when you get you package.
    I have a question of my own - assuming the formula for calculating need doesn't change, the only people who will really be affected are those who didn't qualify for need based aid at all, right? Which isn't a huge percentage (although I can totally feel for them!!!). Anyone who was going to get need based aid will still be getting the same amount, maybe just more loans than before... oh well.

    Gator - to be clear, Rice didn't raise tuition for returning students too, too much. The increase was about 5%. Which is pretty standard. The 12% was just for new freshmen - so don't be expecting 12% yearly increases or anything.
  • CC AdminCC Admin Administrator Posts: 32,415 Senior Member
    I know of a couple, both of them graduated from Rice ca. 12-14 years ago. They were shocked to hear the >$30k price tag. During their time, it was like $7k for everything. Clearly, Rice is not a bargain it once was.
  • jenskate1jenskate1 Registered User Posts: 1,391 Senior Member
    It used to be free. Until the 50's or 60's.

    But my grandfather always tells me about how he could have days of fun on a dollar when he was a kid - it's a shame, but prices rise.

    Tell your friends to donate lots of money (:)) - the bigger the endowment, the smaller tution has to be to maintain Rice's excellence.
  • jamimomjamimom Registered User Posts: 3,278 Senior Member
    Tuition is over $30k at many of the selective private schools. In the northeast, room and board is easily over $10K. So you are looking at around $45K at those schools. Rice is still $7-10K less, but I do agree that the difference is shrinking. I have heard that the school is increasing merit awards, but I have not verification of this. That is partly why I see people eyeing Some of the other southern schools with some merit aid like Tulane, Miami, or with lower sticker prices which many of the state school do have, and with cheap room and board as well.
  • catzonfirefoshocatzonfirefosho Registered User Posts: 73 Junior Member
    i agree with gatorowl... one of the biggest reasons i decided to go to Rice was because it was cheaper and they would meet 100% or "dem need" *sigH*.. i guess they don't really take house mortages and all that into consideration as much xP.. owell~ i'm still glad i'm going.. now i just have to apply like crazy for scholarships
  • smartguy86smartguy86 . Posts: 64 Junior Member
    bump................
  • CC AdminCC Admin Administrator Posts: 32,415 Senior Member
    smartguy, the purpose of bumping is defeated when you bump like 20 other threads at the same time. Instead, it just floods the board with useless updates.
  • smartguy86smartguy86 . Posts: 64 Junior Member
    bump................
  • CC AdminCC Admin Administrator Posts: 32,415 Senior Member
    :rolleyes: *sigh*

    Did you apply to Rice, smartguy, or are you at the Rice board because of Linus?
  • smartguy86smartguy86 . Posts: 64 Junior Member
    both........

    bump.............
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