Financial aid comes in the form of federal, state, institutional, and private fund(s) used to assist eligible students in funding their education. Financial aid can be a combination of scholarships, federal work-study, federal and private loans, and grants. The amount and type of aid you receive will depend upon your family’s income and assets. Freshman applicants can review their financial aid application status through their Rice Admission Student Portal. Deposited freshman and returning undergraduates can see their most recent application status and award information through ESTHER.
Scholarships and grants are considered “free money” and the student is not required to repay; however, loans and federal work-study are considered self-help aid and most loans require repayment when a student becomes enrolled less than half time or graduates. Federal work-study is student employment either on or off campus for part-time employment positions.
During the academic year, financial aid is disbursed to your student account in two equal disbursements (Fall and Spring). The scheduled disbursements are credited a week prior to the start of each term. We encourage all deposited and returning undergraduates to log on to their ESTHER account using the username and pin supplied by the Office of the Registrar consistently throughout the year. This will be our main communication channel to inform students of their financial aid status, financial aid offer, charges and payments for tuition, course schedule, grades and much more.
If you are planning on taking summer courses and are interested in your financial aid eligibility, please visit our summer page.