Rice University Class of 2023 RD Thread

In the FAQ about typical assets, Rice says,“Families with significant assets above what is typical for their income level may not qualify for The Rice Investment, but Rice is still committed to funding 100 percent of demonstrated need. A family’s assets might include cash and savings, investments, home equity, business net worth, other real estate and any other assets. We exclude qualifying retirement accounts.” @aparent2019 and @jmeryllman please elaborate on how Rice applies this philosophy for the benefit of others who might be reading this thread.