The Brief Rice University announced a major expansion of its signature financial aid program, offering free tuition to students from families earning up to $200,000 annually starting in fall 2027. Students from families earning less than $100,000 will receive full coverage for tuition, mandatory fees, and room and board. Rice University announced a major expansion of its signature financial aid program on Monday, offering free tuition to students from families earning up to $200,000 annually. The backstory:The Rice Investment previously covered tuition, mandatory fees, room, and board for families earning $75,000 or less, and provided free tuition to families earning between $75,000 and $140,000. The university says the expansion of the Rice Investment was made possible through intentional university investment and sustained philanthropic support.