<p>I heard that Rice caps the amount of debt a student can accumulate - at $20,000… is this true? and is that $20,000 a year? or $20,000 by the time you graduate?
because even if it IS $20,000 per YEAR… I know for a fact that i’ll be taking more than $20,000 in loans. Did I just hear this info wrong?</p>
<p>The $20,000 is referring to the Perkins Loan Program, one of the three types of loans.</p>
<p>The Perkins Loan Program will not be more than $4,000/ year or a total of $20,000 for all years. </p>
<p>So there are other loans, Stafford, PLUS, that will offered to you to cover your educational costs.</p>
<p>look here: <a href=“http://www.futureowls.rice.edu/futureowls/Loans.asp?SnID=741345036[/url]”>http://www.futureowls.rice.edu/futureowls/Loans.asp?SnID=741345036</a></p>
<p>I believe I read that the new loan cap is $14000 (it was $10500 for entering freshman last year) but I can’t find that info on the Rice website anymore. Email the FA office and ask, then let us all know 
You can ask for more loans to help your parents pay their EFC, and Rice will give them to you.</p>
<p>oh! thanks you guys! i’ll look into that this weekend when i get time xP</p>
<p>i thought the end of senior year was supposed to slow down and be easier… aiyahh!!</p>