Rice Univ. ranks 7th on 'best value colleges' list - FOX 26 News | MyFoxHouston

Rice Univ. ranks 7th on Princeton Review 'best value colleges' list

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HOUSTON (FOX 26) -

Princeton Review has named Rice University among the ten best values among private colleges for 2013 in "The Best Value Colleges" publication.

Rice University ranks 7th and is the only private university in Texas on the prestigious list.

Determining factors for inclusion on the list include the quality of academics, cost of attendance and financial aid.

"One of the top universities of the nation, Rice maintains a stellar faculty and a diverse selection of courses and departments," according to the publication. "With about 3,500 undergrads, the school offers students the opportunity to develop a strong rapport with their professors, and the tier-one research institution offers robust and extensive opportunities for research and internships."

The Princeton Review guide mentions the generous financial aid and comparatively lower tuition costs available at Rice University.

"With tuition set at thousands of dollars lower than Ivy League and other peer institutions, Rice walks the walk of keeping the highest caliber of education affordable for all," according to the guide. "In addition to their terrific financial aid policy, Rice offers a number of merit scholarships to incoming students."

The 2013 Princeton Review best-value rankings were based on institutional and student surveys conducted from the 2011 fall semester through the 2012 fall semester. The percentage of graduating seniors who borrowed from any loan program and their average debt at graduation were also factors into the analysis.

Since 2009, Rice University has eliminated loans to students whose annual family income falls below $80,000. The institution admits students regardless of their ability to pay and provides financial-aid packages that meet 100 percent of students' demonstrated need. The Rice University financial aid department also limits loans to no more than $10,000 in financial-aid packages for need-eligible incoming freshmen for their four undergraduate years.

Read the complete Princeton Review list of best-value colleges for 2013 by visiting http://princetonreview.com/best-value-colleges.aspx.

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