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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This isn’t going to be sustainable unless they have a huge endowment.  Why would a full pay family pay a premium to go to Rice [b]when they don’t have to do so at other schools?[/b]  I certainly wouldn’t.[/quote]
And what would those schools be? [/quote]

Any that is not adopting this tuition plan.  They are going to get an influx of students paying nothing or next to nothing.  [b]Thry have to pay operating costs somehow, and tuition will have to go up much faster than at peer schools[/b].  I’ll just cross it off the list for my kids since we are full pay.[/quote]
No.[/quote]

How exactly do you think they are financing this?[/quote]

Read the news articles / pres release. They are financing it with their $5 billion+ endowment. https://www.npr.org/2018/09/18/649160232/rice-university-says-middle-class-students-wont-have-to-pay-tuition

From NPR:

"...The change reconnects Rice to a key part of its legacy, Leebron said. For decades after the school first opened in Houston in 1912, Rice didn't charge tuition at all. It changed that policy in 1965...

...Rice is announcing the changes to its aid plan two years after its finances — and particularly its large endowment of more than $5.5 billion — became headline news. The school was among a group of wealthy universities that drew scrutiny from federal lawmakers for announcing plans to raise tuition in 2016.

In response, Rice said it used the endowment to cover around 40 percent of its operating costs. Officials also said the fund "covers more than 90 percent of their financial aid program," as Houston Chronicle reporter Benjamin Wermund told Houston Public Media.

Since then, the school's endowment has continued to thrive — and Leebron cited the fund's strong returns as one reason it is now able to make Rice more affordable to lower-income and middle-class families."[/quote]

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