The Rice Investment's fifth anniversary was commemorated by Rice University. By paying for the tuition and living expenses of students from low- and middle-income households, this program—Rice University's primary financial aid program—transformed access to higher education at the university. Additionally, it lowers some kids from wealthy families' tuition by half.

"At Rice, we believe that exceptional talent should never be hindered by financial barriers," stated Reginald DesRoches, president of Rice. "Our dedication to making sure that students from all socioeconomic backgrounds can still receive a Rice education has been strengthened by the success of The Rice Investment. This initiative is a significant investment in our kids' futures and goes far beyond simply providing financial aid."

The institution has awarded more than $651 million since the program's inception. It represents a 54% rise over the preceding five years. In the 2023–24 school year alone, grant aid totalled over $152 million.

"The Rice Investment is one of the most transformative initiatives that I have had the honour of helping shape," said Yvonne Romero, dean of admissions and financial aid and vice president for enrolment.

More than half of its students receive some form of financial aid, demonstrating the university's extraordinary efforts to make education accessible to all. In the 2023–24 academic year, Rice's average annual financial aid package hit a record $63,233. Benefits are also being enjoyed by Texas students, as 66% of them receive financial aid totalling $62,387.