Rice Merit AidÂ is a scholarship fund that is awarded to academically outstanding students. When applying for admission to Rice, you are automatically considered for these awards by the Office of Admission. For more information, please visitÂ Merit Scholarships.
Rice Tuition GrantÂ is funding awarded to students with unmet institutional need-based financial aid eligibility after the awards below have been added. Rice ensures that a student's unmet financial need is entirely covered through various financial aid types. To be eligible you must apply for financial aid. For more information, please visitÂ Applying for Aid.
Outside ScholarshipsÂ are non-Rice funds received from a third-party source. It is crucial for Rice to know of any outside scholarships that you expect to receive. These scholarships are first used to replace self-help aid in the need-based package, such as loans and work study. Subsequently, these may replace a portion of any need-based institutional funds provided by Rice. If the Office of Financial Aid becomes aware of any outside scholarships that are not reported by a student, we will lower the student's institutional funds by the same amount. For more information, please visitÂ Outside Awards.Â To report any outside resources, please visitÂ ESTHERÂ under the following tabs Financial Aid/Award Status/Award for Aid Year/Resources & Additional Information.
Federal or State Grants,Â such as the Pell Grant and the Texas Equalization Grant, are grants that are provided by the federal or state governments based on your demonstrated financial need. To be eligible for these grants, you must apply for financial aid. For more information, please visitÂ Grants.
Federal Work StudyÂ is an opportunity to work on campus while attending Rice. We award $2500 in Federal Work Study or Rice Work for students who choose to work while attending school. It is the studentâ€™s responsibility to find employment on campus. To be eligible you must apply for financial aid. For more information, please visitÂ Student Employment.
Direct Subsidized/Unsubsidized LoansÂ are federal loans that must be repaid. All students are eligible for Direct Unsubsidized Loans regardless of need. Undergraduate students are eligible for a Direct Subsidized loan if they have demonstrated need. Rice will not award the federal maximum amounts unless it is requested by the student. For more information, please visitÂ Federal Direct Loans.
Direct PLUS Loan for Graduate StudentsÂ is a credit-based, fixed rate loan that enables graduate or professional students to borrow funds to meet their educational expenses. For more information, please visitÂ Direct PLUS Loans.
Direct PLUS Loan for ParentsÂ is a credit-based, fixed rate loan that parents of undergraduate students can borrow on the studentâ€™s behalf to meet educational expenses. For more information, please visitÂ Direct PLUS Loans.
Private LoansÂ are credit-based loans that may have a variable or fixed interest rate. For more information, please visitÂ Private Loans.
Rice University offers loan options to assist you and your family with your educational expenses. Not all of these loans are based on financial need and can be used to replace a portion or all of your expected family contribution (EFC). If you are a Texas Resident, then you may want to review the options underÂ Texas State Loans.