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College and University Discussion
Reply to "Rice tuition announcement"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]They get you with assets though.. One of us can quit our jobs and take the income to under $200K. But then we have assets > $2M. Would this work? Would assets still come into play?[/quote] Here's what the website says: Beginning in fall 2019 under The Rice Investment, [b]middle-income families with typical assets[/b] will receive grant aid to cover full tuition if they earn up to $130,000 per year, and half tuition for families earning between $130,001-$200,000. In addition, students with family incomes below $65,000 will receive grant aid covering not only their full tuition, but also all of their mandatory fees and room and board. Students receiving aid under The Rice Investment will have all demonstrated need met without any loans. Not sure what "typical assets" means.. [/quote] Usually reteirement assets do not count. Fill up the retirenemt coffers, defer income and manage it to be below the limit. If u can’t, you are rich enough to pay full price.[/quote]
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