<p>Rice uses the Institutional Method and the College Profile to determine need. If you make under $80,000 but you have a lot of assets (rental properties, trust funds, big bank accounts etc.) they will take those into account. But if you make less than $80,000 and you have no large assets except house and moderate amount of money (I think the asset protection allowance is around $35-40,000 dollars,), you should receive a substantial amount of financial aid, and a no-loan package. As tomackze says, the assets part is a pain… :)</p>